Finance

What’s "fake morbidity"? Yahoo Information Defined – Yahoo Finance Australia

GlobeNewswire

PIMCO closed-end funds declare monthly distributions of common stocks

NEW YORK, April 01, 2021 (GLOBE NEWSWIRE) – The boards of trustees / directors of the PIMCO closed-end funds listed below (each a “Fund” and collectively the “Funds”) have set a monthly distribution for each Fund. The common shares of the Fund are set out below summarized. The distributions are payable on May 3, 2021 to the registered shareholders on April 12, 2021 with an ex-dividend date on April 9, 2021. Monthly distribution per unit FundNYSE SymbolAmountChange FromPreviousMonthPercentageChange FromPreviousMonthPIMCO Corporate & Income Strategy Fund (NYSE: PCN) 0.112500 USD – PIMCO Corporate & Income Opportunity Fund (NYSE: PTY) 0.130000 USD – PIMCO Global StocksPLUS® & Income Fund (NYSE: PGP Fund ) $ 0.069000 – PIMCO High Income Fund (NYSE: PHK) $ 0.048000 – PIMCO Income Opportunity Fund (NYSE: PKO) $ 0.190000 – PIMCO Strategic Income Fund, Inc. (NYSE: RCS) $ 0.051000 – PCM Fund, Inc. (NYSE: PCM) $ 0.080000 – PIMCO Income Strategy Fund (NYSE: PFL) $ 0.090000 – PIMCO Income Strategy Fund II (NYSE: PFN) $ 0.080000 – PIMCO Dynamic Income Fund ( NYSE: PDI) 0.220500 USD – PIMCO Dynamic Income Opportunities Fund (NYSE: PDO) 0.118400 USD – PIMCO Dynamic Credit and Mortgage Income Fund (NYSE: PCI) 0.174000 USD – PIMCO Municipal Income Fund (NYSE: PMF) $ 0.054000 – PIMCO California Municipal Income Fund (NYSE: PCQ) $ 0.065000 – PIMCO New York Municipal Income Fund (NYSE: PNF) 0 .042000 USD – PIMCO Municipal Income Fund II (NYSE: PML) 0.059000 USD – PIMCO California Municipal Income Fund II (NYSE: PCK) 0.032000 USD – PIMCO New York Municipal Income Fund II (NYSE: PNI) 0.040045 USD – PIMCO Municipal Income Fund III (NYSE: PMX) 0.046000 USD – PIMCO California Municipal Income Fund III (NYSE: PZC) 0.038000 USD – PIMCO New York Municipal Income Fund III (NYSE: PYN) 0.035490 USD – Distributions of PMF, PML, PMX, PCQ, PCK, PZC, PNF, PNI and PYN are generally exempt from regular federal income tax (i.e. excluded from gross income for federal income tax purposes, but not necessarily exempt from the alternative federal minimum tax). In addition, distributions from PCQ, PCK, and PZC are generally exempt from California state income taxes, and distributions from PNF, PNI, and PYN are generally exempt from New York state and city income taxes. There can be no guarantee that any distributions paid by these Funds will be exempt from federal or applicable state or local income taxes. Distributions may include ordinary income, net capital gains and / or returns on capital. Generally, a return on capital will exist when the amount distributed by a Fund includes, in addition to your pro rata portion of the Fund's net income or capital, some (or all of) gains from your investment in the Fund. Distributions by a Fund over any period may be more or less than the net return the Fund received on its investments and should not be used as a measure of performance or confused with "return" or "income". A capital repayment is not taxable; Rather, the tax base of a unit holder is reduced for his fund units. If a Fund estimates that part of a distribution may consist of amounts from sources other than net investment income determined in accordance with its internal accounting records and related accounting practices, the Fund will notify Shareholders of the estimated composition of that distribution by means of a notice pursuant to § 19. To that end, a Fund will estimate the source or sources from which a distribution will be paid by the end of the period from which it will be paid by reference to its internal accounting records and related accounting practices. If, on the basis of such accounting records and practices, it is estimated that a particular distribution does not include any capital gains or deposited surpluses or other sources of capital, no notice under Section 19 will generally be issued. It is important to note that there are differences between a Fund's day-to-day internal accounting records and practices, the US GAAP financial statements of the Fund, and income tax record-keeping practices. For example, a fund's internal accounting records and practices may take into account, among other things, tax characteristics of certain sources of distribution that differ from the treatment under US GAAP. Examples of such differences may include the treatment of disbursements on mortgage-backed securities purchased at a discount and recurring payments under interest rate swaps. Accordingly, it is possible, among other things, that a Fund may fail to issue a notice pursuant to Section 19 on these in situations where the Fund's financial statements subsequently prepared in accordance with US GAAP and / or the final tax character of such distributions later indicate the sources Distributions included capital gains and / or a return on capital. For more information on the estimated composition of the dividends, please visit www.pimco.com, if applicable, in the most recent notice under Section 19 (if applicable) and in the most recent shareholder reports. The final determination of the tax nature of a distribution will be communicated to shareholders as such information becomes available. A fund's payout rate can be affected by a number of factors, including changes in realized and projected market returns, fund performance and other factors. There can be no assurance that a change in market conditions or any other factor will not change the distribution rate of a Fund at a later date. The tax treatment and characterization of a Fund's distributions may vary significantly from time to time as the Fund's investments differ. A fund may enter into opposing sides of multiple interest rate swaps or other derivatives in relation to the same underlying reference instrument (e.g. a 10-year US treasury), which also have different cut-off dates in relation to interest accrual periods for the main purpose of achieving distributable profits (for Tax purposes characterized as ordinary income) that are not part of a fund's duration or yield curve management strategies. In such a "paired swap" transaction, a Fund would generally enter into one or more interest rate swap agreements with a Fund agreeing to make periodic payments from the time a Fund enters into the variable rate agreements in return for payments closes equal to a fixed rate (the "starting leg"). A fund would also enter into one or more interest rate swap agreements for the same underlying instrument but take the opposite position (i.e. in this example, a fund would make regular payments at a fixed rate in exchange for receiving payments at a variable rate Interest rate) in relation to a contract in which the payment obligations only commence at a point in time following the start of the first leg (the “forward leg”). A Fund may pursue investment strategies, including those that use derivatives in an attempt, among other things, to achieve current distributable income regardless of possible decreases in the Fund's Net Asset Value. A Fund's income and earnings strategies, including certain derivative strategies, may aim to achieve current, distributable income even when such strategies could potentially result in a decrease in the Fund's Net Asset Value. A Fund's income and profit strategies, including certain derivative strategies, may produce ongoing income and gains that are taxable as ordinary income and sufficient to support monthly distributions even in situations where the Fund has suffered losses, for example due to adverse changes in the US or non-US stock markets or the debt securities of the Fund or due to the use of derivatives. A Fund may enter into opposing sides of interest rate swaps and other derivatives in order to generate, on the one hand, distributable profits (which are marked as ordinary income for tax purposes) that are not part of a duration or yield curve management strategy and with a substantial amount Possibility for the Fund to suffer a corresponding capital loss and a decrease in the net asset value in relation to the transaction on the other side (provided it does not exhibit corresponding offsetting capital gains). As a result, common stock shareholders may receive distributions and owe tax on amounts that actually constitute a taxable return on the Shareholder's investment in a Fund at a time when their investment in the Fund has depreciated in value that may be taxed at normal income rates. The tax treatment of certain derivatives in which a Fund invests may be unclear and therefore subject to re-characterization. A re-characterization of payments made or received by a fund in the context of derivatives may affect the amount, timing or nature of fund distributions. In addition, the tax treatment of such investment strategies can be changed by regulation or otherwise. The common stock of the Funds is traded on the New York Stock Exchange. As with any stock, the price of a fund's common stock will fluctuate with market conditions and other factors. When you sell your common stock in a Fund, the price received may be more or less than your original investment. Shares in closed-end investment management companies such as the Fund often trade at a discount to their net asset value and may trade at a price below the original offer price and / or the net asset value of those shares. If the Shares of a Fund trade at a price in excess of the Initial Issue Price and / or the Net Asset Value of such Shares, including a substantial premium and / or for an extended period, there is no guarantee that this premium will be sustained for any period of time and not reduced, or the shares will not thereafter trade at a discount to the net asset value. Daily closing prices on the Funds New York Stock Exchange, Net Asset Values ​​per Share and other information, including updated portfolio statistics and performance, are available at pimco.com/closedendfunds or by calling the Funds Shareholder Service Agent at (844) 33 -PIMCO. Updated information on a Fund's portfolio holdings will be available approximately 15 calendar days after the last end of the Fund's fiscal quarter and will remain available until that Fund submits a Shareholder Report or a publicly available N-PORT form for the period containing the Fund's date Information. About PIMCO Founded in Newport Beach, California, in 1971, PIMCO is one of the world's leading fixed income investment managers. Today we have offices around the world and more than 3,000 professionals who have come together for a single purpose: to create opportunities for investors in every environment. PIMCO is owned by Allianz S.E., one of the world's leading diversified financial services provider. Except for the historical information and discussions contained herein, the statements contained in this press release constitute forward-looking statements. These statements could involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of the Financial markets, the investment performance of PIMCO sponsored investment products and separately managed accounts, general economic conditions, future acquisitions and competitive conditions and government regulations, including changes in tax laws. Readers should weigh such factors carefully. In addition, such forward-looking statements only apply on the day on which such statements are made. PIMCO assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this statement. This material has been distributed for informational purposes only and should not be viewed as investment advice or a recommendation of any particular security, strategy, or product. No part of this material may be reproduced in any form or referred to in any other publication without express written permission. PIMCO is a brand of Allianz Asset Management of America L.P. in the US and worldwide. © 2021, PIMCO PIMCO Closed-End Fund Information: Financial Advisor: (800) 628-1237 Shareholders: (844) 337-4626 or (844) 33-PIMCOPIMCO Media Relations: (212) 597-1054

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *