SOURCE: PIMCO

PIMCO

December 30, 2014 17:22 ET

PIMCO Global Income Opportunities Fund Announces Special Distribution for the 2014 Year-End

TORONTO, ON--(Marketwired - Dec 30, 2014) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

PIMCO Global Income Opportunities Fund (the "Fund") (TSX: PGI.UN) announced today that it has declared a special distribution on its Class A Units (the "Units") to holders of record at the close of business on December 31, 2014. The special distribution is equal to $0.02 per Unit and will be paid in Units and not cash on December 31, 2014.

Immediately after the payment of the special distribution in Units, the issued and outstanding capital of the Fund will be consolidated such that the number of issued and outstanding Units of the Fund will be the same as immediately before the special distribution. Immediately after the special distribution, the number of outstanding Units will automatically be consolidated such that each holder of Units will hold, after the consolidation, the same number of Units as the unitholder held before the special distribution, except in the case of a non-resident unitholder to the extent tax was required to be withheld in respect of the distribution. The special distribution was declared because the income of the Fund for tax purposes exceeds the amount of regular monthly distributions paid or payable in 2014. 

The Fund invests in an actively managed portfolio comprised primarily of fixed-income securities selected from multiple global fixed-income sectors. The Manager, PIMCO Canada Corp. ("PIMCO Canada"), retains 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.

About PIMCO

PIMCO is a leading global investment management firm, with offices in 12 countries throughout the Americas, Europe and Asia. PIMCO has U.S.$1.87 trillion in assets under management as of September 30, 2014. 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.

Forward-Looking Statements

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Fund. The forward-looking statements are not historical facts but reflect the Fund's, PIMCO Canada and/or PIMCO's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including, but not limited to, market factors. Although the Fund, PIMCO Canada and/or PIMCO believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Fund, PIMCO Canada and/or PIMCO undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other factors which affect this information, except as required by law.

Contact Information

  • Contact:
    Agnes Crane
    PIMCO - Media Relations
    Phone: +212 739.4212