other material
confidence high
sentiment neutral
materiality 0.50
PIMCO Income Strategy Fund adopts 50% minimum corporate securities guideline, effective Sept 20, 2024
PIMCO INCOME STRATEGY FUND
- Board approved non-fundamental investment guideline on Aug 15, 2024; becomes effective Sept 20, 2024.
- Fund must invest at least 50% of total assets in corporate debt obligations and other corporate securities.
- Eligible securities include bonds, bank loans, convertible securities, preferred shares, and common stocks.
- Change disclosed in supplement to prospectus dated Feb 13, 2024; existing shareholders should retain supplement.
- Guideline is non-fundamental and can be changed without shareholder vote.