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Prudential Global Limited Maturity Fund, Inc.
Supplement dated March 17, 1998 to
Prospectus dated December 30, 1997
The following information supplements the Prospectus of the Fund.
HOW THE FUND INVESTS
INVESTMENT OBJECTIVE AND POLICIES
The Fund may invest in component parts of debt securities of the U.S.
government or foreign governments or semi-governmental entities, namely either
the corpus (principal) of such obligations or one or more of the interest
payments scheduled to be paid on such obligations. These securities may take the
form of (i) obligations from which the interest coupons have been stripped
(principal only); (ii) the interest coupons that are stripped (interest only);
(iii) book-entries at a bank representing ownership of obligation components; or
(iv) receipts evidencing the component parts (corpus or coupons) of obligations
that have not actually been stripped. Such receipts evidence ownership of
component parts of obligations (corpus or coupons) purchased by a third party
(typically an investment banking firm) and held on behalf of the third party in
physical or book-entry form by a major commercial bank or trust company pursuant
to a custody agreement with the third party. The Fund may also invest in
custodial receipts held by a third party. Stripped securities are, in general,
more sensitive to interest rate changes than securities that have not been
stripped. The Fund will not invest more than 10% of its total assets in such
securities.
HOW THE FUND IS MANAGED
MANAGER
Under a Subadvisory Agreement between Prudential Investments Fund Management
LLC (PIFM) and The Prudential Investment Corporation, doing business as
Prudential Investments, Prudential Investments through a Subadvisory Agreement
with PRICOA Asset Management Ltd. (PRICOA and collectively with Prudential
Investments, the Subadviser or the investment adviser) furnishes investment
advisory services in connection with the management of the Fund. Effective
January 1, 1998, Prudential Investments reimburses PRICOA, and PIFM reimburses
Prudential Investments, for its reasonable costs and expenses incurred in
providing such services. PIFM continues to have responsibility for all
investment advisory services pursuant to the Management Agreement and supervises
the Subadviser's performance of such services.
MF144C-1 (3/17/98)
