PIMCO Dynamic Income Fund Declares Special Year-End Distribution, Payable on December 23, 2019
December 06, 2019 at 04:48 pm EST
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The Board of Trustees/Directors of the PIMCO closed-end funds has declared a special year-end distribution of PIMCO Dynamic Income Fund at $0.4200 per share. The distributions are payable on December 23, 2019 to shareholders of record on December 16, 2019, with an ex-dividend date of December 13, 2019. In addition to the regular monthly dividend, this special year-end distribution is being paid to allow the Funds to meet their 2019 distribution requirements for federal excise tax purposes. The Funds’ total distribution will be taxable to shareholders in 2019.
PIMCO Dynamic Income Fund (the Fund) is a diversified closed-end management investment company. The Funds primary investment objective is to seek current income and secondary objective is capital appreciation. The Fund normally invests worldwide in a portfolio of debt obligations and other income-producing securities of any type and credit quality, with varying maturities and related derivative instruments. The Fundâs investment universe includes mortgage-backed securities, investment grade and high-yield corporates, developed and emerging markets corporate and sovereign bonds, other income-producing securities, and related derivative instruments. The Fund normally invests at least 25% of its total assets in privately issued (non-agency) mortgage-related securities. The Fund may normally invest up to 40% of its total assets in securities of issuers economically tied to emerging market countries. Pacific Investment Management Company LLC serves as the Fundâs investment manager.