Joshua Shipley, CFA

For Borrowers or Prospective Borrowers Only.

The information presented herein, including any transaction information, is presented by PGIM and is intended solely for borrowers and prospective borrowers. This information is provided for educational purposes only to show the scope of PGIM’s investment capabilities. It should not be construed as investment advice, a recommendation or an offer or solicitation to buy or sell any security or financial instrument or to enter into or arrange any type of transaction as a consequence of any information contained herein. Any transaction information shown is based on information available at the time each transaction was initiated, which may no longer be applicable. Depicted transactions were selected based solely on PGIM’s receipt of a borrowers’ prior approval and are not representative of all investments made by PGIM. Future transactions and other existing transactions may differ materially from those presented herein.  

This information represents the views and opinions of the author(s) as of the date of issuance and may not necessarily represent the views of PGIM or its affiliates. It has been obtained from sources that PGIM believes to be reliable as of the date of issuance but is not guaranteed and is subject to change without notice. Any reproduction of these materials, in whole or in part, or the divulgence of any of the contents hereof, without PGIM’s prior written consent, is prohibited.  

PGIM is the trading name of PGIM, Inc. and its investment management affiliates worldwide. PGIM, Inc. is an investment adviser registered with the U.S. Securities and Exchange Commission and an indirect wholly owned subsidiary of Prudential Financial, Inc. (“PFI”). PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.

© 2026 PFI and its related entities, registered in many jurisdictions worldwide. PFI, PGIM, the PGIM logo and Rock design are service marks of PFI and its related entities, registered in many jurisdictions worldwide.