Prudential Short-Term Corporate Bond Fund, Inc. PGIM Short-Term Corporate Bond Fund AMENDMENT TO MANAGEMENT AGREEMENT
Prudential Short-Term Corporate Bond Fund, Inc.
PGIM Short-Term Corporate Bond Fund
AMENDMENT TO MANAGEMENT AGREEMENT
Amendment to Management Agreement made this 13th day of December, 2019 between Prudential Short-Term Corporate Bond Fund, Inc., on behalf of its series, PGIM Short-Term Corporate Bond Fund, and PGIM Investments LLC (the Manager).
WHEREAS Prudential Short-Term Corporate Bond Fund, Inc. and the Manager have mutually agreed to revise Schedule A of the Management Agreement, in order to reduce the management fee rate pursuant to which Prudential Short-Term Corporate Bond Fund, Inc. compensates the Manager for the services provided by the Manager to PGIM Short-Term Corporate Bond Fund under the Management Agreement;
NOW THEREFORE, the parties mutually agree as follows:
1. The management fee rate schedule appearing in Schedule A is hereby deleted in its entirety and is replaced with the following new management fee rate schedule applicable to PGIM Short-Term Corporate Bond Fund:
0.380% on average daily net assets up to $10 billion;
0.370% on average daily net assets over $10 billion.
2. The Management Agreement is unchanged in all other respects.
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed by their officers designated below as of the day and year first above written.
PRUDENTIAL SHORT-TERM CORPORATE BOND FUND, INC.
By: /s/ Xxxxx X. Xxxxxxxx
Xxxxx X. Xxxxxxxx, Vice President
PGIM INVESTMENTS LLC
By: /s/ Xxxxxx X. Xxxxxx
Xxxxxx X. Xxxxxx, President
