0000067590-13-000598.txt : 20130611 0000067590-13-000598.hdr.sgml : 20130611 20130611161932 ACCESSION NUMBER: 0000067590-13-000598 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130611 DATE AS OF CHANGE: 20130611 EFFECTIVENESS DATE: 20130611 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRUDENTIAL INVESTMENT PORTFOLIOS 16 CENTRAL INDEX KEY: 0001067442 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-60561 FILM NUMBER: 13906307 BUSINESS ADDRESS: STREET 1: GATEWAY CENTER THREE, 4TH FLOOR STREET 2: 100 MULBERRY STREET CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: 9738026469 MAIL ADDRESS: STREET 1: GATEWAY CENTER THREE, 4TH FLOOR STREET 2: 100 MULBERRY STREET CITY: NEWARK STATE: NJ ZIP: 07102 FORMER COMPANY: FORMER CONFORMED NAME: TARGET ASSET ALLOCATION FUNDS DATE OF NAME CHANGE: 20061003 FORMER COMPANY: FORMER CONFORMED NAME: STRATEGIC PARTNERS ASSET ALLOCATION FUNDS DATE OF NAME CHANGE: 20010906 FORMER COMPANY: FORMER CONFORMED NAME: PRUDENTIAL DIVERSIFIED FUNDS DATE OF NAME CHANGE: 19980930

0001067442 S000004705 TARGET GROWTH ALLOCATION FUND

C000012805 Class X

C000012806 Class R PGARX

C000012807 Class A PHGAX

C000012808 Class B PIHGX

C000012809 Class C PHGCX

C000012810 Class Z PDHZX

497 1 growth_497.htm

Target Growth Allocation Fund,

a series of Prudential Investment Portfolios 16 (formerly, Target Asset Allocation Funds)

Prospectus Dated September 28, 2013

Supplement Dated June 11, 2013

The proposed reorganization of Target Growth Allocation Fund, a series of Prudential Investment Portfolios 16 (formerly, Target Asset Allocation Funds) (“Target Fund”), into Prudential Jennison Equity Income Fund, a series of Prudential Investment Portfolios Inc., 10 (“Equity Income Fund”) has received the required approval of the shareholders of Target Fund. The reorganization is expected to occur as of the close of business on the New York Stock Exchange on Friday, June 21, 2013. In anticipation of the upcoming reorganization, generally the last day for purchases and exchanges into Target Fund will be at the close of business on Friday, June 14, 2013.

LR482