other material
confidence high
sentiment neutral
materiality 0.60
PIMCO Corporate & Income Opportunity Fund raises minimum corporate allocation from 25% to 50%
PIMCO CORPORATE & INCOME OPPORTUNITY FUND
- Board approved removal of 25% corporate debt floor and addition of 50% corporate securities minimum on Aug 15, 2024.
- Effective Sept 20, 2024, Fund must invest at least 50% of total assets in corporate securities including debt, equity, and hybrids.
- Non-fundamental guideline change; supplement to prospectus and SAI dated Aug 20, 2024 reflects the new policy.