other material
confidence high
sentiment neutral
materiality 0.60
PIMCO Corporate & Income Opportunity Fund expands strategy to include loan origination and unlimited defaulted bonds
PIMCO CORPORATE & INCOME OPPORTUNITY FUND
- Effective June 24, 2026, Fund may invest in and originate loans (residential, commercial, consumer, bridge, subprime) with no borrower credit criteria restrictions.
- Effective July 24, 2026, Fund may invest without limitation in defaulted bonds, expanding prior 20% cap on low-rated debt for non-mortgage/ABS.
- Supplement to prospectus adds new risk sections on loan origination, foreign loan originations, and clarifies credit quality policies.