The Internal Revenue Service (IRS) requires transfer agents, such as Prudential Mutual Fund Services LLC (PMFS), to report a shareholder's adjusted cost basis and gross proceeds for mutual fund shares acquired on or after January 1, 2012, that are redeemed in non-retirement accounts. The regulations also require PMFS to report whether a gain or loss is short-term (shares held one year or less) or long-term (shares held more than one year) for all purchases made on or after January 1, 2012 that are subsequently redeemed.
PMFS default method is Average Cost for most Prudential mutual funds and it is First In First Out (FIFO) for the Prudential Jennison MLP Fund. If you wish to select a different cost basis for each fund you can modify the method below. Please click here for definitions of each cost basis type. If you have questions about cost basis, please contact us at 1-800-225-1852.
Note: Money market funds are excluded from cost basis reporting requirements.

Select method to receive any Dividend payments for your account. Distributions (of dividends or capital gains) of less than $10.00 will not be paid out in cash, but will be automatically reinvested into your account to purchase additional shares at Net Asset Value (NAV), without any sales charge.

Select method to receive any Capital Gains payments for your account. Distributions (of dividends or capital gains) of less than $10.00 will not be paid out in cash, but will be automatically reinvested into your account to purchase additional shares at Net Asset Value (NAV), without any sales charge.