Business UpdateJun 24, 2026, 01:31 PM
PIMCO Corporate & Income Fund Changes 80% Investment Policy
AI Summary
PIMCO Corporate & Income Strategy Fund's Board of Trustees approved a change to its 80% investment policy, effective August 28, 2026. The Fund will now invest at least 80% of its net assets (plus borrowings) in corporate debt obligations and/or income-producing investments, which may include non-corporate issuers. This update clarifies the types of income-producing investments and the role of derivatives in meeting the policy, with shareholders receiving 60 days' notice for any future changes.
Key Highlights
- Board approved 80% investment policy change on June 23, 2026.
- New policy effective August 28, 2026.
- Fund to invest 80% of net assets in corporate debt and/or income-producing investments.
- Income-producing investments may include non-corporate issuers.
- Shareholders to receive 60 days' notice for future policy changes.
- Derivative instruments can count towards the 80% investment policy.
Price Impact