---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-311136"
form_type: "8-K"
ticker: "PHK"
cik: "0001219360"
company_name: "PIMCO HIGH INCOME FUND"
filed_at: "2022-12-22T23:59:59+00:00"
generated_at: "2026-06-20T23:51:51.536450+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# PIMCO High Income Fund eliminates 38% leverage cap from investment guidelines

## Summary
- Board removed non-fundamental guideline that capped future commitments plus Preferred Shares at 38% of total assets.
- Change effective immediately; Fund still bound by Section 18 of Investment Company Act of 1940.
- Deleted restrictions applied to leverage from ARPS, reverse repurchase agreements, dollar rolls, and borrowings.
- Prospectus supplement filed Dec 22, 2022 removes the 38% segregation requirement from three sections.

## SEC filing metadata
- accession: 0001193125-22-311136
- form_type: 8-K
- ticker: PHK
- cik: 0001219360
- company_name: PIMCO HIGH INCOME FUND
- filed_at: 2022-12-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1219360/000119312522311136/0001193125-22-311136-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1219360/000119312522311136/d398571d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-311136
- JSON: https://secwatch.observer/filing/0001193125-22-311136.json
- Plain text: https://secwatch.observer/filing/0001193125-22-311136.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.