PGI.UN PIMCO Global Income Opportunities Fund

PIMCO Canada Corp. (the "Manager") is pleased to announce the closing of the
initial public offering of PIMCO Global Income Opportunities Fund (TSX: PGI.UN)
(the "Fund"). Pursuant to the offering, the Fund issued an aggregate 60 million
Class A Units (the "Class A Units") at a price of $10 per Class A Unit for gross
proceeds of $600 million. The Class A Units are listed on the Toronto Stock
Exchange under the symbol PGI.UN.


The Fund has been created to invest in an actively managed portfolio (the
"Portfolio") comprised primarily of fixed-income securities selected from
multiple global fixed-income sectors. The Manager has retained Pacific
Investment Management Company, LLC ("PIMCO") to provide investment management
services to the Fund.


The Fund's investment objectives are to:

(a) provide unitholders with monthly cash distributions; 
(b) maximize total return to unitholders through distributions and capital
appreciation; and 

(c) preserve capital.

The Fund will not have a fixed monthly distribution amount but intends to make
cash distributions monthly. The Fund's monthly distributions are initially
targeted to be 6.5% per annum on the original subscription price (or $0.05417
per Class A Unit per month or $0.65 per annum).


The syndicate of Agents was co-led by RBC Capital Markets, CIBC, TD Securities
and National Bank Financial, and includes Scotiabank, BMO Capital Markets,
Canaccord Genuity Corp., GMP Securities L.P., Manulife Securities Inc., Raymond
James Ltd., Desjardins Securities, and Mackie Research Capital Corp.


The Fund has granted the Agents an over-allotment option to acquire additional
Class A Units at $10.00 per Class A Unit at any time during the next 30 days.


The Units have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), or the
securities laws of any state of the United States, and may not be offered or
sold, directly or indirectly, in the United States (as defined in Regulation S
under the U.S. Securities Act) unless registered under the U.S. Securities Act
and applicable securities laws of any state of the United States or in reliance
on an exemption from such registration requirements. This news release does not
constitute an offer to sell, or a solicitation of an offer to buy any of the
Fund's securities referred to herein in the United States.


About PIMCO

PIMCO is a leading global investment management firm, with offices in 12
countries throughout the Americas, Europe and Asia. PIMCO had approximately U.S.
$1.9 trillion in assets under management as of December 31, 2013. Founded in
1971, PIMCO offers a wide range of innovative solutions to help millions of
investors worldwide meet their needs. Our goal is to provide attractive returns
while maintaining a strong culture of risk management and long-term discipline.
PIMCO is owned by Allianz S.E., a leading global diversified financial services
provider.


The offering of Class A Units is only made by prospectus. The prospectus
contains important detailed information about the securities being offered.
Copies of the prospectus may be obtained from a registered representative of any
of the Dealers listed in the prospectus. Investors should read the prospectus
before making an investment decision. Commissions, management fees and expenses
all may be associated with an investment in the Class A Units. The Class A Units
are not guaranteed, their value may change frequently and past performance may
not be repeated.




FOR FURTHER INFORMATION PLEASE CONTACT: 
Agnes Crane
PIMCO
Media Relations
Phone: +212 739.4212

PIMCO Global Income Oppo... (TSX:PGI.UN)
Historical Stock Chart
Von Apr 2024 bis Mai 2024

PIMCO Global Income Oppo... (TSX:PGI.UN)
Historical Stock Chart
Von Mai 2023 bis Mai 2024