Definitive Materials Filed by Investment Companies. (497)
05 Marzo 2014 - 1:28PM
Edgar (US Regulatory)
Prudential National Muni Fund, Inc.
Supplement
dated March 5, 2014 to the Currently Effective Prospectus
and Statement of Additional Information
Effective immediately, Lee Friedman, CFA and John Dittemer join
Robert Tipp, CFA and Susan M. Courtney as portfolio managers for the Fund. To reflect these changes, the Fund’s Prospectus
and Statement of Additional Information (“SAI”) are hereby changed as follows:
|
I.
|
In the section of the Prospectus entitled
Fund Summary—Management of the Fund
, the following is hereby added to
the table found in this section:
|
Investment Manager
|
Subadviser
|
Portfolio Managers
|
Title
|
Service Date
|
Prudential Investments LLC
|
Prudential Investment Management, Inc.
|
Lee Friedman, CFA
|
Vice President
|
March 2014
|
|
|
John Dittemer
|
Vice President
|
March 2014
|
|
II.
|
In the section of the Prospectus entitled
How the Fund is Managed—Portfolio Managers
, the following professional
biographies for Mr. Friedman and Mr. Dittemer are hereby added:
|
Lee Friedman, CFA,
is Vice
President for Prudential Fixed Income’s Municipal Bond Team. Mr. Friedman was previously a Senior Associate and assisted
in managing municipal assets for retail funds and institutional clients. Earlier, he was an Associate for Prudential Fixed Income’s
Credit Research Group where he covered higher education, not-for-profits (501c3), state and local government obligations, and transportation
bonds, and also supported the senior municipal credit analysts. Previously, Mr. Friedman held positions in both Prudential’s
Asset Liability and Risk Management Group and Prudential Fixed Income, where he supported the attribution and forecasting processes.
Prior to joining Prudential Financial in 2003, Mr. Friedman was an auditor at The Vanguard Group. He received a BS in Finance with
High Distinction from Pennsylvania State University. Mr. Friedman holds the Chartered Financial Analyst (CFA) designation.
John Dittemer
is Vice President
for Prudential Fixed Income’s Municipal Bond Team. Mr. Dittemer assists in managing municipal assets for retail funds and
institutional clients. He invests short-term cash for the funds, is responsible for keeping track of broker inquiries, maintaining
data on new issues, and finding appropriate municipal securities for Prudential Fixed Income’s affiliated accounts. Previously,
as a member of the Portfolio Analysis Group, Mr. Dittemer provided analytical support to Prudential Fixed Income's municipal bond,
money market, and affiliated account teams. Earlier, he was a team supervisor in money market operations, and a performance reporting
specialist for the affiliated accounts team. Mr. Dittemer received a BS in Management with a concentration in Finance from Kean
University, and an MS in Management with concentration in Finance from the New Jersey Institute of Technology.
LR576
|
III.
|
In the section of the SAI entitled
Management & Advisory Arrangements/Additional Information About the Portfolio Managers
– Other Accounts and Ownership of Fund Securities
, the following is hereby added to the table:
|
Subadviser
|
Portfolio Managers
|
Registered Investment Companies
|
Other Pooled Investment Vehicles
|
Other Accounts
|
Ownership of Fund Securities
|
Prudential Investment Management, Inc.
|
Lee Friedman, CFA
|
0/$0
|
0/$0
|
0/$0
|
None
|
|
John Dittemer
|
0/$0
|
0/$0
|
0/$0
|
None
|
LR576
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