United States
Securities and Exchange Commission
Washington, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-08587
Prudential Investment Portfolios 18
(Exact name of registrant as specified in charter)
655 Broad Street
17th Floor
Newark, NJ 07102
(Address of principal executive offices) (Zip code)
Patrick McGuinness, Esquire
655 Broad Street
17th Floor
Newark, NJ 07102
(Name and address of agent for service)
Registrant’s telephone number, including area code: 973-802-6469
Date of fiscal year end: November 30
Date of reporting period: 7/1/2021 through 6/30/2022
Item 1. Proxy Voting Record.
In determining votes against management, any ballot that management did not make a recommendation is considered to be "FOR" regardless of the vote cast. Any "Abstain" vote cast is considered as voted, and to be against the management recommendation.
FORM N-PX
ICA File Number: 811-08587
Registrant Name: Prudential Investment Portfolios 18
Reporting Period: 07/01/2021 - 06/30/2022
PGIM Jennison MLP Fund - Subadviser: Jennison Associates LLC
| CHENIERE ENERGY, INC. Meeting Date: MAY 12, 2022 Record Date: MAR 28, 2022 Meeting Type: ANNUAL | ||||
| Ticker: LNG Security ID: 16411R208 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1 | Elect G. Andrea Botta | Management | For | For |
| 2 | Elect Jack A. Fusco | Management | For | For |
| 3 | Elect Vicky A. Bailey | Management | For | For |
| 4 | Elect Patricia K. Collawn | Management | For | For |
| 5 | Elect David B. Kilpatrick | Management | For | For |
| 6 | Elect Lorraine Mitchelmore | Management | For | For |
| 7 | Elect Scott Peak | Management | For | For |
| 8 | Elect Donald F. Robillard, Jr. | Management | For | For |
| 9 | Elect Neal A. Shear | Management | For | For |
| 10 | Elect Andrew J. Teno | Management | For | For |
| 11 | Advisory Vote on Executive Compensation | Management | For | For |
| 12 | Ratification of Auditor | Management | For | For |
| CRESTWOOD EQUITY PARTNERS LP Meeting Date: MAY 12, 2022 Record Date: MAR 21, 2022 Meeting Type: ANNUAL | ||||
| Ticker: CEQP Security ID: 226344307 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1 | Elect Warren H. Gfeller | Management | For | For |
| 2 | Elect Janeen S. Judah | Management | For | For |
| 3 | Elect John J. Sherman | Management | For | For |
| 4 | Advisory Vote on Executive Compensation | Management | For | Against |
| 5 | Frequency of Advisory Vote on Executive Compensation | Management | 1 Year | 1 Year |
| 6 | Ratification of Auditor | Management | For | For |
| DT MIDSTREAM, INC. Meeting Date: MAY 06, 2022 Record Date: MAR 09, 2022 Meeting Type: ANNUAL | ||||
| Ticker: DTM Security ID: 23345M107 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | Elect Robert C. Skaggs, Jr. | Management | For | For |
| 1.2 | Elect David Slater | Management | For | For |
| 2 | Ratification of Auditor | Management | For | For |
| 3 | Frequency of Advisory Vote on Executive Compensation | Management | 1 Year | 1 Year |
| ENBRIDGE INC. Meeting Date: MAY 04, 2022 Record Date: MAR 09, 2022 Meeting Type: ANNUAL | ||||
| Ticker: ENB Security ID: 29250N105 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1 | Non-Voting Meeting Note | Management | None | Do Not Vote |
| 2 | Elect Mayank M. Ashar | Management | For | For |
| 3 | Elect Gaurdie E. Banister, Jr. | Management | For | For |
| 4 | Elect Pamela L. Carter | Management | For | For |
| 5 | Elect Susan M. Cunningham | Management | For | For |
| 6 | Elect Gregory L. Ebel | Management | For | For |
| 7 | Elect Jason B. Few | Management | For | For |
| 8 | Elect Teresa S. Madden | Management | For | For |
| 9 | Elect Al Monaco | Management | For | For |
| 10 | Elect Stephen S. Poloz | Management | For | For |
| 11 | Elect S. Jane Rowe | Management | For | For |
| 12 | Elect Dan C. Tutcher | Management | For | For |
| 13 | Elect Steven W. Williams | Management | For | For |
| 14 | Appointment of Auditor and Authority to Set Fees | Management | For | For |
| 15 | Advisory Vote on Executive Compensation | Management | For | For |
| 16 | Shareholder Proposal Regarding Science-Based Net Zero Target | Shareholder | Against | Against |
| ENVIVA PARTNERS LP Meeting Date: DEC 17, 2021 Record Date: NOV 19, 2021 Meeting Type: SPECIAL | ||||
| Ticker: EVA Security ID: 29414J107 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1 | Conversion to Corporation | Management | For | For |
| 2 | Right to Adjourn Meeting | Management | For | For |
| EQUITRANS MIDSTREAM CORPORATION Meeting Date: APR 26, 2022 Record Date: FEB 18, 2022 Meeting Type: ANNUAL | ||||
| Ticker: ETRN Security ID: 294600101 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1 | Elect Vicky A. Bailey | Management | For | For |
| 2 | Elect Sarah M. Barpoulis | Management | For | For |
| 3 | Elect Kenneth M. Burke | Management | For | For |
| 4 | Elect Patricia K. Collawn | Management | For | For |
| 5 | Elect Thomas F. Karam | Management | For | For |
| 6 | Elect D. Mark Leland | Management | For | For |
| 7 | Elect Norman J. Szydlowski | Management | For | For |
| 8 | Elect Robert F. Vagt | Management | For | For |
| 9 | Advisory Vote on Executive Compensation | Management | For | For |
| 10 | Approval of the Employee Stock Purchase Plan | Management | For | For |
| 11 | Ratification of Auditor | Management | For | For |
| KINDER MORGAN, INC. Meeting Date: MAY 11, 2022 Record Date: MAR 14, 2022 Meeting Type: ANNUAL | ||||
| Ticker: KMI Security ID: 49456B101 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1 | Elect Richard D. Kinder | Management | For | For |
| 2 | Elect Steven J. Kean | Management | For | For |
| 3 | Elect Kimberly A. Dang | Management | For | For |
| 4 | Elect Ted A. Gardner | Management | For | For |
| 5 | Elect Anthony W. Hall, Jr. | Management | For | For |
| 6 | Elect Gary L. Hultquist | Management | For | For |
| 7 | Elect Ronald L. Kuehn, Jr. | Management | For | For |
| 8 | Elect Deborah A. Macdonald | Management | For | For |
| 9 | Elect Michael C. Morgan | Management | For | For |
| 10 | Elect Arthur C. Reichstetter | Management | For | For |
| 11 | Elect C. Park Shaper | Management | For | For |
| 12 | Elect William A. Smith | Management | For | For |
| 13 | Elect Joel V. Staff | Management | For | For |
| 14 | Elect Robert F. Vagt | Management | For | For |
| 15 | Elect Perry M. Waughtal | Management | For | For |
| 16 | Ratification of Auditor | Management | For | For |
| 17 | Advisory Vote on Executive Compensation | Management | For | For |
| MAGELLAN MIDSTREAM PARTNERS, L.P. Meeting Date: APR 21, 2022 Record Date: FEB 10, 2022 Meeting Type: ANNUAL | ||||
| Ticker: MMP Security ID: 559080106 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1 | Elect Walter R. Arnheim | Management | For | For |
| 2 | Elect Lori A. Gobillot | Management | For | For |
| 3 | Elect Edward J. Guay | Management | For | For |
| 4 | Advisory Vote on Executive Compensation | Management | For | For |
| 5 | Ratification of Auditor | Management | For | For |
| NEW FORTRESS ENERGY INC. Meeting Date: JUN 15, 2022 Record Date: APR 22, 2022 Meeting Type: ANNUAL | ||||
| Ticker: NFE Security ID: 644393100 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | Elect Desmond Catterall | Management | For | For |
| 1.2 | Elect Wesley R. Edens | Management | For | For |
| 1.3 | Elect Randal A. Nardone | Management | For | For |
| 2 | Ratification of Auditor | Management | For | For |
| NEXTERA ENERGY PARTNERS, LP Meeting Date: APR 20, 2022 Record Date: FEB 23, 2022 Meeting Type: ANNUAL | ||||
| Ticker: NEP Security ID: 65341B106 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1 | Elect Susan D. Austin | Management | For | For |
| 2 | Elect Robert J. Byrne | Management | For | For |
| 3 | Elect Peter H. Kind | Management | For | For |
| 4 | Elect John W. Ketchum | Management | For | For |
| 5 | Ratification of Auditor | Management | For | For |
| 6 | Advisory Vote on Executive Compensation | Management | For | For |
| NUSTAR ENERGY L.P. Meeting Date: APR 28, 2022 Record Date: MAR 01, 2022 Meeting Type: ANNUAL | ||||
| Ticker: NS Security ID: 67058H102 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | Elect J. Dan Bates | Management | For | For |
| 1.2 | Elect Ed A. Grier | Management | For | For |
| 1.3 | Elect Dan J. Hill | Management | For | For |
| 2 | Ratification of Auditor | Management | For | For |
| 3 | Advisory Vote on Executive Compensation | Management | For | Against |
| ONEOK, INC. Meeting Date: MAY 25, 2022 Record Date: MAR 28, 2022 Meeting Type: ANNUAL | ||||
| Ticker: OKE Security ID: 682680103 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1 | Elect Brian L. Derksen | Management | For | For |
| 2 | Elect Julie H. Edwards | Management | For | For |
| 3 | Elect John W. Gibson | Management | For | For |
| 4 | Elect Mark W. Helderman | Management | For | For |
| 5 | Elect Randall J. Larson | Management | For | For |
| 6 | Elect Steven J. Malcolm | Management | For | For |
| 7 | Elect Jim W. Mogg | Management | For | For |
| 8 | Elect Pattye L. Moore | Management | For | For |
| 9 | Elect Pierce H. Norton II | Management | For | For |
| 10 | Elect Eduardo A. Rodriguez | Management | For | For |
| 11 | Elect Gerald B. Smith | Management | For | For |
| 12 | Ratification of Auditor | Management | For | For |
| 13 | Advisory Vote on Executive Compensation | Management | For | For |
| PEMBINA PIPELINE CORPORATION Meeting Date: JUL 29, 2021 Record Date: JUN 28, 2021 Meeting Type: SPECIAL | ||||
| Ticker: Security ID: 706327103 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1 | Non-Voting Meeting Note | Management | None | Do Not Vote |
| 2 | Share Issuance for Acquisition of Inter Pipeline | Management | For | For |
| PEMBINA PIPELINE CORPORATION Meeting Date: MAY 06, 2022 Record Date: MAR 18, 2022 Meeting Type: ANNUAL | ||||
| Ticker: PPL Security ID: 706327103 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | Elect Anne-Marie N. Ainsworth | Management | For | For |
| 1.2 | Elect J. Scott Burrows | Management | For | For |
| 1.3 | Elect Cynthia B. Carroll | Management | For | For |
| 1.4 | Elect Ana Dutra | Management | For | For |
| 1.5 | Elect Randall J. Findlay | Management | For | For |
| 1.6 | Elect Robert G. Gwin | Management | For | For |
| 1.7 | Elect Maureen E. Howe | Management | For | For |
| 1.8 | Elect Gordon J. Kerr | Management | For | For |
| 1.9 | Elect David M.B. LeGresley | Management | For | For |
| 1.10 | Elect Leslie A. O'Donoghue | Management | For | For |
| 1.11 | Elect Bruce D. Rubin | Management | For | For |
| 1.12 | Elect Henry W. Sykes | Management | For | For |
| 2 | Appointment of Auditor and Authority to Set Fees | Management | For | For |
| 3 | Shareholder Rights Plan Renewal | Management | For | For |
| 4 | Advisory Vote on Executive Compensation | Management | For | For |
| PLAINS ALL AMERICAN PIPELINE, L.P. Meeting Date: MAY 25, 2022 Record Date: MAR 28, 2022 Meeting Type: ANNUAL | ||||
| Ticker: PAA Security ID: 726503105 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | Elect Victor Burk | Management | For | For |
| 1.2 | Elect Kevin S. McCarthy | Management | For | For |
| 1.3 | Elect Harry N. Pefanis | Management | For | For |
| 1.4 | Elect Gary R. Petersen | Management | For | For |
| 2 | Ratification of Auditor | Management | For | For |
| 3 | Advisory Vote on Executive Compensation | Management | For | For |
| PLAINS GP HOLDINGS, L.P. Meeting Date: MAY 25, 2022 Record Date: MAR 28, 2022 Meeting Type: ANNUAL | ||||
| Ticker: PAGP Security ID: 72651A207 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1.1 | Elect Victor Burk | Management | For | For |
| 1.2 | Elect Kevin S. McCarthy | Management | For | For |
| 1.3 | Elect Harry N. Pefanis | Management | For | For |
| 1.4 | Elect Gary R. Petersen | Management | For | For |
| 2 | Ratification of Auditor | Management | For | For |
| 3 | Advisory Vote on Executive Compensation | Management | For | For |
| TARGA RESOURCES CORP. Meeting Date: MAY 24, 2022 Record Date: MAR 29, 2022 Meeting Type: ANNUAL | ||||
| Ticker: TRGP Security ID: 87612G101 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1 | Elect Waters S. Davis, IV | Management | For | For |
| 2 | Elect Rene R. Joyce | Management | For | For |
| 3 | Elect Matthew J. Meloy | Management | For | For |
| 4 | Ratification of Auditor | Management | For | For |
| 5 | Advisory Vote on Executive Compensation | Management | For | For |
| TC ENERGY CORPORATION Meeting Date: APR 29, 2022 Record Date: MAR 14, 2022 Meeting Type: ANNUAL | ||||
| Ticker: TRP Security ID: 87807B107 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1 | Non-Voting Meeting Note | Management | None | Do Not Vote |
| 2 | Elect Michael R. Culbert | Management | For | For |
| 3 | Elect William D. Johnson | Management | For | For |
| 4 | Elect Susan C. Jones | Management | For | For |
| 5 | Elect John E. Lowe | Management | For | For |
| 6 | Elect David Macnaughton | Management | For | For |
| 7 | Elect Francois L. Poirier | Management | For | For |
| 8 | Elect Una M. Power | Management | For | For |
| 9 | Elect Mary Pat Salomone | Management | For | For |
| 10 | Elect Indira V. Samarasekera | Management | For | For |
| 11 | Elect Siim A. Vanaselja | Management | For | For |
| 12 | Elect Thierry Vandal | Management | For | For |
| 13 | Elect Dheeraj D Verma | Management | For | For |
| 14 | Appointment of Auditor and Authority to Set Fees | Management | For | For |
| 15 | Advisory Vote on Executive Compensation | Management | For | For |
| 16 | Shareholder Rights Plan Renewal | Management | For | For |
| THE WILLIAMS COMPANIES, INC. Meeting Date: APR 26, 2022 Record Date: FEB 25, 2022 Meeting Type: ANNUAL | ||||
| Ticker: WMB Security ID: 969457100 | ||||
| Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
| 1 | Elect Alan S. Armstrong | Management | For | For |
| 2 | Elect Stephen W. Bergstrom | Management | For | For |
| 3 | Elect Nancy K. Buese | Management | For | For |
| 4 | Elect Michael A. Creel | Management | For | For |
| 5 | Elect Stacey H. Dore | Management | For | For |
| 6 | Elect Richard E. Muncrief | Management | For | For |
| 7 | Elect Peter A. Ragauss | Management | For | For |
| 8 | Elect Rose M. Robeson | Management | For | For |
| 9 | Elect Scott D. Sheffield | Management | For | For |
| 10 | Elect Murray D. Smith | Management | For | For |
| 11 | Elect William H. Spence | Management | For | For |
| 12 | Elect Jesse J. Tyson | Management | For | For |
| 13 | Ratification of Auditor | Management | For | For |
| 14 | Advisory Vote on Executive Compensation | Management | For | For |
END NPX REPORT
SIGNATURES
Pursuant to the requirements of 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.
Prudential Investment Portfolios 18
By: Stuart S. Parker*
Stuart S. Parker, President
* By: /s/ Patrick McGuinness
Attorney-in-Fact
Date: August 24, 2022
POWER OF ATTORNEY
for the PGIM Open End Fund Complex
The undersigned, directors/ trustees and/or officers of each of the registered investment companies listed in Appendix A hereto, hereby authorize Andrew French, Claudia DiGiacomo, Diana Huffman, Melissa Gonzalez, Patrick McGuinness and Debra Rubano or any of them, as attorney-in-fact, to sign on his or her behalf in the capacities indicated (and not in such person’s personal individual capacity for personal financial or estate planning), the Registration Statement on Form N-1A, filed for such registered investment company or any amendment thereto (including any pre-effective or post-effective amendments) and any and all supplements or other instruments in connection therewith, including Form N-PX, Forms 3, 4 and 5 for or on behalf of each registered investment company listed in Appendix A or any current or future series thereof, and to file the same, with all exhibits thereto, with the Securities and Exchange Commission.
This Power of Attorney may be executed in multiple counterparts, each of which shall be deemed an original, but which taken together shall constitute one instrument.
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/s/ Ellen S. Alberding Ellen S. Alberding | /s/ Laurie Simon Hodrick Laurie Simon Hodrick |
Kevin J. Bannon | /s/ Christian J. Kelly Christian J. Kelly |
Scott E. Benjamin | /s/ Stuart S. Parker Stuart S. Parker |
/s/ Linda W. Bynoe Linda W. Bynoe | /s/ Brian K. Reid Brian K. Reid |
/s/ Barry H. Evans Barry H. Evans | /s/ Grace C. Torres Grace C. Torres |
/s/ Keith F. Hartstein Keith F. Hartstein |
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Dated: December 13, 2021 |
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APPENDIX A
Prudential Government Money Market Fund, Inc.
The Prudential Investment Portfolios, Inc.
Prudential Investment Portfolios 2
Prudential Investment Portfolios 3
Prudential Investment Portfolios Inc. 14
Prudential Investment Portfolios 4
Prudential Investment Portfolios 5
Prudential Investment Portfolios 6
Prudential National Muni Fund, Inc.
Prudential Jennison Blend Fund, Inc.
Prudential Jennison Mid-Cap Growth Fund, Inc.
Prudential Investment Portfolios 7
Prudential Investment Portfolios 8
Prudential Jennison Small Company Fund, Inc.
Prudential Investment Portfolios 9
Prudential World Fund, Inc.
Prudential Investment Portfolios, Inc. 10
Prudential Jennison Natural Resources Fund, Inc.
Prudential Global Total Return Fund, Inc.
Prudential Investment Portfolios 12
Prudential Investment Portfolios, Inc. 15
Prudential Investment Portfolios 16
Prudential Investment Portfolios, Inc. 17
Prudential Investment Portfolios 18
Prudential Sector Funds, Inc.
Prudential Short-Term Corporate Bond Fund, Inc.
The Target Portfolio Trust
The Prudential Variable Contract Account-2
The Prudential Variable Contract Account-10
PGIM ETF Trust
