Dryden 34 Senior Loan Fund directed to redeem secured notes April 16

By Sarah Lizee

Olympia, Wash., April 10 – Dryden 34 Senior Loan Fund/Dryden 34 Senior Loan Fund LLC said its collateral manager consented to a special redemption of secured notes on April 16, according to a notice from trustee U.S. Bank NA.

The special redemption amount for the class A-R, B-R, C-R, D-R, E and F notes as specified by the collateral manager is $50,871,040.39.

The collateral manager specified the funds in the collection account representing collateral principal collections that the collateral manager determined cannot be reinvested in substitute collateral debt obligations and that will be applied in accordance with the principal priority of payments.

Newark, N.J.-based PGIM, Inc. is the collateral manager.

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