-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TM58J+hzs9uWyOrs7GCDdwmlmtUihssXHYawxkDAQsdU73PHFndDC/dhMwsv0hWN ahAeb5QiLohF0nH22xilug== 0001193125-07-125843.txt : 20070530 0001193125-07-125843.hdr.sgml : 20070530 20070530154215 ACCESSION NUMBER: 0001193125-07-125843 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070331 FILED AS OF DATE: 20070530 DATE AS OF CHANGE: 20070530 EFFECTIVENESS DATE: 20070530 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRUDENTIAL TAX FREE MONEY FUND INC CENTRAL INDEX KEY: 0000311561 IRS NUMBER: 132993505 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-02927 FILM NUMBER: 07887416 BUSINESS ADDRESS: STREET 1: GATEWAY CENTER THREE, 4TH FLOOR STREET 2: 100 MULBERRY STREET CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: 973-802-6469 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: PRUDENTIAL BACHE TAX FREE MONEY FUND INC DATE OF NAME CHANGE: 19920603 FORMER COMPANY: FORMER CONFORMED NAME: CHANCELLOR TAX FREE MONEY FUND INC DATE OF NAME CHANGE: 19830516 FORMER COMPANY: FORMER CONFORMED NAME: CHANCELLOR TAX EXEMPT DAILY INCOME FUND INC DATE OF NAME CHANGE: 19810811 0000311561 S000010002 Dryden Tax-Free Money Fund C000027667 Dryden Tax-Free Money Fund N-Q 1 dnq.htm PRUDENTIAL TAX-FREE MONEY FUND, INC. -- DRYDEN TAX-FREE MONEY FUND Prudential Tax-Free Money Fund, Inc. -- Dryden Tax-Free Money Fund

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


FORM N-Q

 


QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

 


 

Investment Company Act file number:

   811-02927

Exact name of registrant as specified in charter:

   Prudential Tax-Free Money Fund, Inc.
   (d/b/a Dryden Tax-Free Money Fund)

Address of principal executive offices:

   Gateway Center 3,
   100 Mulberry Street,
   Newark, New Jersey 07102

Name and address of agent for service:

   Deborah A. Docs
   Gateway Center 3,
   100 Mulberry Street,
   Newark, New Jersey 07102

Registrant’s telephone number, including area code:

   800-225-1852

Date of fiscal year end:

   12/31/2007

Date of reporting period:

   3/31/2007

 



Item 1. Schedule of Investments


Dryden Tax Free Money

Schedule of Investments

as of March 31, 2007 (Unaudited)

 

Description (a)

   Moody’s
Rating
  Interest
Rate
    Maturity
Date
   Principal
Amount
(000)
   Value

SHORT-TERM INVESTMENTS 99.7%

            

Florida 12.0%

            

Florida St. Brd. Pub. Ed., Muni. Secs. Tr. Rcpts.,
F.R.D.D., Ser. SGA 102, G.O.

   A-1+(c)   3.74 %   04/02/07    $ 1,200    $ 1,200,000

Muni. Secs. Tr. Ctfs. Ser. 2001-131, Cl. A,
G.O., F.R.D.D.

   A-1(c)   3.74     04/02/07      1,600      1,600,000

Muni. Secs. Tr. Ctfs. Ser. 2001-160, Cl. A, Rev.,
F.G.I.C., F.R.D.D.

   A-1(c)   3.74     04/02/07      800      800,000

Orange Cnty. Tourist Dev. Tax Rev., Ser. A,
A.M.B.A.C.

   Aaa   5.00     10/01/07      300      302,139
                
               3,902,139
                

Georgia 4.7%

            

Stephens Cnty. Dev. Auth. Solid Wste. Disp.
Facs. Rev., Caterpillar Inc. Proj., Ser. 2000,
A.M.T., F.R.W.D.

   P-1   3.85     04/05/07      1,520      1,520,000
                

Illinois 7.0%

            

Cook Kane Lake & MC Henry Cntys. Cmtny.
College Dist. No. 512, William Rains Harper
College, Ser. A, G.O., F.S.A.

   Aaa   5.50     12/01/07      200      202,469

Fulton Cnty. Unified Sch. Dist. No. 066,
Canton, G.O., F.S.A.

   Aaa   4.55     12/01/07      290      291,792

Illinois Dev. Fin. Auth. Rev., Aurora Cent.
Catholic High School, Ser. 1994, F.R.W.D.

   A-1(c)   3.91     04/04/07      1,000      1,000,000

Illinois Hlth. Facs. Auth. Rev., Mem. Hlth. Sys.,
Ser. 2003, F.R.D.D.

   VMIG1   3.84     04/02/07      700      700,000

Will Cnty. Cmnty. United Sch. Dist. No. 365,
VY View, Ser. A, G.O., F.S.A.

   Aaa   4.35     11/01/07      100      100,427
                
               2,294,688
                

Indiana 6.1%

            

Hamilton Southeastern Cumberland Campus
Sch. Bldg. Corp., First Mtg., Rev., F.S.A.

   Aaa   4.70     07/15/07      150      150,484

Indiana Transn. Fin. Auth. Hwy. Rev. Mun. Secs. Tr.
Rcpts., Ser. SGA 113, F.R.D.D.

   A-1+(c)   3.74     04/02/07      1,000      1,000,000

IPS Multi-Sch. Bldg. Corp. Rev., F.S.A.

   Aaa   4.00     07/15/07      850      851,064
                
               2,001,548
                

Maine 9.6%

            

York Rev., Stonewall Realty LLC Proj., Ser.
1999, A.M.T., F.R.W.D.

   VMIG1   3.85     04/05/07      3,120      3,120,001
                

Maryland 5.5%

            

Maryland HEFA, Johns Hopkins Univ., C.P.,
Ser. A, Rev.

   P-1   3.55     04/05/07      1,800      1,800,000
                


Massachusetts 6.1%

             

Massachusetts St. Wtr. Res. Auth., C.P., Ser. 94, Rev.

   P-1   3.58    04/05/07    2,000    2,000,000
               

Michigan 0.8%

             

Lakeville Cmnty. Sch. Dist.,
G.O., Q-S.B.L.F.

   Aa2   5.00    05/01/07    250    250,292
               

Minnesota 6.1%

             

Owatonna Hsg. Rev., Second Century Proj., Ser.
A, F.R.W.D.

   VMIG1   3.85    04/05/07    1,400    1,400,000

St. Paul Hsg. & Redev. Auth. Rev., Minn. Pub.
Radio Proj., Ser. 2002, F.R.D.D.

   VMIG1   3.84    04/02/07    600    600,000
               
              2,000,000
               

Missouri 11.0%

             

Missouri St. Hlth. & Edl. Facs. Auth., Edl. Facs.
Rev., Bethesda Hlth. Group, Ser. A, F.R.D.D.

   VMIG1   3.84    04/02/07    1,030    1,030,000

St. Louis Univ., Ser. 2002, Rev., F.R.D.D.

   VMIG1   3.82    04/02/07    1,660    1,660,000

St. Louis Univ., Rev., Ser. B, F.R.D.D.

   VMIG1   3.82    04/02/07    910    910,000
               
              3,600,000
               

New Mexico 1.1%

             

Hurley Pollution Ctl. Rev., Kennecott Santa Fe,
Ser. 85, F.R.D.D.

   P-1   3.80    04/02/07    350    350,000
               

Ohio 2.9%

             

East Lake Ind. Dev. Rev., Astro Model Dev. Corp.
Proj., Ser. 1996, A.M.T., F.R.W.D.

   NR   4.00    04/05/07    940    940,000
               

Pennsylvania 4.4%

             

Philadelphia Gas Wks. Rev. Escrowed to
Maturity—Third Ser., F.S.A.

   Aaa   5.00    08/01/07    915    919,177

Schuylkill Cnty. Ind. Dev. Auth. Res. Recovery
Rev., Northeastern Pwr. Co., Ser. A, F.R.D.D.

   A-1+(c)   3.87    04/02/07    510    510,000
               
              1,429,177
               

Tennessee 5.0%

             

Blount Cnty. Pub. Bldg. Auth., Loc. Govt.
Pub. Impt., A-1-D, Rev.

   VMIGI   3.85    04/02/07    1,620    1,620,000
               

Texas 10.5%

             

Grapevine Ref., G.O., F.S.A.

   Aaa   4.00    08/15/07    145    145,230

Harris Co., Ser. D, G.O., C.P.

   P-1   3.60    04/13/07    1,090    1,090,000

Keller Indpt. Sch., Dist. Mun. Secs. Tr. Rcpts.,
Ser. SGA 111, P.S.F. Gtd., F.R.D.D., 144A,
G.O.

   A-1+(c)   3.74    04/02/07    700    700,000

San Antonio Indpt. Sch. Dist., P.S.F., Gtd., G.O.

   Aaa   4.00    08/15/07    170    170,263

Texas St. Tax & Rev., Antic. Nts.

   MIG1   4.50    08/31/07    1,325    1,329,562
               
              3,435,055
               

Virginia 0.8%

             

Fairfax Cnty., Ref. Pub. Impt., Ser. A, G.O.

             


State Aid Withholding

   Aaa   5.00    06/01/07    250      250,574
                 

Washington 2.6%

             

Benton Cnty. Sch. Dist. No. 17 Kennewick,
Sch. BD, G.O., F.S.A.

   Aaa   4.25    12/01/07    250      251,057

Seattle Mun. Lt. & Pwr. Rev.,
Ser. SGA 96, F.R.D.D.

   A-1+(c)   3.74    04/02/07    600      600,000
                 
                851,057
                 

Wisconsin 3.5%

             

Green Bay Wtr. Sys. Rev., F.S.A.

   Aaa   4.00    11/01/07    100      100,228

Milwaukee WI Corp. Purp., G.O., Ser. K

   Aa2   5.00    06/15/07    180      180,508

Whitewater Ind. Dev. Rev., Trek Bicycle Corp.
Proj., Ser. 1995, A.M.T., F.R.W.D.

   NR   3.86    04/05/07    865      865,000
                 
                1,145,736
                 

Total Investments 99.7%
(cost $32,510,267)(d)

                32,510,267

Other assets in excess of liabilities 0.3%

                91,385
                 

Net Assets 100.0%

              $ 32,601,652
                 

(a) The following abbreviations are used in the portfolio descriptions:

144A – Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. Unless otherwise noted, 144A securities are deemed to be liquid.

A.M.B.A.C. – American Municipal Bond Assurance Corporation.

A.M.T. – Alternative Minimum Tax.

C.P. – Commercial Paper.

F.G.I.C. – Financial Guaranty Insurance Company.

F.R.D.D. – Floating Rate (Daily) Demand Note (b).

F.R.W.D. – Floating Rate (Weekly) Demand Note (b).

F.S.A. – Financial Security Assurance.

G.O. – General Obligation.

NR – Not Rated by Moody’s or Standard & Poor’s.

P.S.F. – Permanent School Fund.

S.B.L.F. – Student Bond Loan Fund.

(b) For purposes of amortized cost valuation, the maturity date of these instruments is considered to be the later of the next date on which the security can be redeemed at par or the next date on which the rate of interest is adjusted.
(c) Standard & Poor’s Rating.
(d) The cost basis for federal income tax purposes is substantially the same as that used for financial statements purposes.

The Fund’s current Prospectus contains a description of Moody’s and Standard & Poor’s ratings.

Notes to Schedule of Investments (Unaudited)

Securities are valued at amortized cost, which approximates market value. The amortized cost method involves valuing a security at its cost on the date of purchase and thereafter assuming a constant amortization to maturity of the difference between the principal amount due at maturity and cost. If the amortized cost method is determined not to represent fair value, the fair value is determined by or under the direction of the Board of Directors. When determining the fair valuation of securities some of the factors influencing the valuation include, the nature of any restrictions on disposition of the securities; assessment of the general liquidity of the securities; the issuer’s financial condition and the markets in which it does business; the cost of the investment; the size of the holding and the capitalization of issuer; the prices of any recent transactions or bids/offers for such securities or any comparable securities; any available analyst media or other reports or information deemed reliable by the investment adviser regarding the issuer or the markets or industry in which it operates. Using fair value to price securities may result in a value that is different from a security’s most recent closing price and from the price used by other mutual funds to calculate their net asset values.

Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).


Item 2. Controls and Procedures

 

  (a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.

 

  (b) There have been no significant changes in the registrant’s internal controls or in other factors that could significantly affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

 

Item 3. Exhibits

Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 – Attached hereto.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant) Dryden Tax Free Money Fund

By (Signature and Title)*  

/s/ Deborah A. Docs

  Deborah A. Docs
  Secretary of the Fund
Date   May 23, 2007  

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By (Signature and Title)*  

/s/ Judy A. Rice

  Judy A. Rice
  President and Principal Executive Officer
Date   May 23, 2007  
By (Signature and Title)*  

/s/ Grace C. Torres

  Grace C. Torres
  Treasurer and Principal Financial Officer

Date   May 23, 2007

 

* Print the name and title of each signing officer under his or her signature.
EX-99.CERT 2 dex99cert.htm CERTIFICATIONS Certifications

CERTIFICATIONS

I, Judy A. Rice, certify that:

 

1. I have reviewed this report on Form N-Q of Dryden Tax Free Money Fund;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

 

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

  (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

  (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

  (c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

 

  (d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and


5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

  (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: May 23, 2007

 

/s/ Judy A. Rice

  Judy A. Rice
  President and Principal
  Executive Officer


CERTIFICATIONS

I, Grace C. Torres, certify that:

 

1. I have reviewed this report on Form N-Q of Dryden Tax Free Money Fund;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

 

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

  (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

  (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

  (c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

 

  (d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and


5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

  (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: May 23, 2007

 

/s/ Grace C. Torres

  Grace C. Torres
  Treasurer and Principal
  Financial Officer
-----END PRIVACY-ENHANCED MESSAGE-----