Exhibit 99.(16)
POWER OF ATTORNEY
The undersigned Trustees and Officers of Prudential Investment Portfolios 5, hereby constitute, appoint and authorize each of Andrew French, Claudia DiGiacomo, Patrick McGuinness, Debra Rubano and George Hoyt or any of them, as attorney-in-fact, to sign, execute and deliver on his or her behalf, individually and in each capacity stated below, any Registration Statement on Form N-14 and any amendment thereto (including pre and post-effective amendments) relating to the reorganization and to file the same, with all exhibits thereto, with the Securities and Exchange Commission.
| Target Portfolio | Acquiring Portfolio | |
| PGIM Target Date 2015 Fund | PGIM Target Date Income Fund |
| Signature | Title | |
| /s/ Ellen S. Alberding | Trustee | |
| Ellen S. Alberding | ||
| /s/ Kevin J. Bannon | Trustee | |
| Kevin J. Bannon | ||
| /s/ Scott E. Benjamin | Trustee | |
| Scott E. Benjamin | ||
| /s/ Linda W. Bynoe | Trustee | |
| Linda W. Bynoe | ||
| /s/ Barry H. Evans | Trustee | |
| Barry H. Evans | ||
| /s/ Keith F. Hartstein | Trustee | |
| Keith F. Hartstein | ||
| /s/ Laurie Simon Hodrick | Trustee | |
| Laurie Simon Hodrick | ||
| /s/ Stuart S. Parker | Trustee and President (Principal Executive Officer) | |
| Stuart S. Parker | ||
| /s/ Brian K. Reid | Trustee | |
| Brian K. Reid | ||
| /s/ Grace C. Torres | Trustee | |
| Grace C. Torres | ||
| /s/ Christian J. Kelly | Treasurer (Principal Financial and Accounting Officer) | |
| Christian J. Kelly | ||
| /s/ Russ Shupak | Treasurer & Principal Accounting Officer | |
| Russ Shupak | ||
| Dated: September 12, 2024 |
