other material
confidence high
sentiment neutral
materiality 0.50
PIMCO Corporate & Income Strategy Fund raises minimum corporate securities allocation from 25% to 50%
PIMCO CORPORATE & INCOME STRATEGY FUND
- Board approved removal of 25% minimum corporate debt guideline and addition of 50% minimum corporate securities guideline on Aug 15, 2024.
- New guideline becomes effective September 20, 2024; fund must invest at least 50% of total assets in corporate securities.
- Change applies to both the Prospectus and Statement of Additional Information; supplement dated August 20, 2024 issued.