PIMCO Global Income Opportunities Fund (TSX: PGI.UN) (the
“
Fund”) announced today that the Fund has renewed
its at-the-market equity program (the “
ATM
Program”). The ATM Program allows the Fund to issue Class
A units of the Fund (the “
Units”) having an
aggregate sale price of up to $80,000,000, to the public from time
to time, at the discretion of PIMCO Canada Corp. (the
“
Manager”). Any Units issued under the ATM Program
will be sold at the prevailing market price at the time of sale
through the Toronto Stock Exchange (“
TSX”) or any
other marketplace in Canada on which the Units are listed, quoted
or otherwise traded. This ATM Program replaces the prior
at-the-market equity program of the Fund, which commenced on
January 20, 2023 and expired on February 16, 2025.
The volume and timing of distributions under the
ATM Program, if any, will be determined at the Manager’s sole
discretion. The ATM Program will be effective until March 14, 2027,
unless terminated prior to such date by the Fund. The Fund intends
to use the proceeds from the ATM Program in accordance with its
investment objectives, investment strategies and investment
restrictions.
Sales of Units through the ATM Program will be
made pursuant to the terms of an equity distribution agreement
entered into by the Fund (the “Equity Distribution
Agreement”), dated February 18, 2025, with National Bank
Financial Inc. (the “Agent”).
Sales of Units will be made by way of
“at-the-market distributions” as defined in National Instrument
44-102 Shelf Distributions on the TSX or on any marketplace for the
Units in Canada. Since Units will be distributed at prevailing
market prices at the time of the sale, prices may vary among
purchasers during the period of distribution. The ATM Program is
being offered pursuant to a prospectus supplement dated February
18, 2025 (the “Prospectus Supplement”) to the
Fund’s short form base shelf prospectus dated February 14, 2025
(the “Shelf Prospectus”).
Copies of the Prospectus Supplement, the Shelf
Prospectus and the Equity Distribution Agreement may be obtained
from your registered financial advisor using the contact
information for such advisor, or from representatives of the Agent,
and are available on SEDAR+ at www.sedarplus.ca.
The Manager retains Pacific Investment
Management Company LLC (“PIMCO”), to provide
investment management services to the Fund.
About
PIMCO
PIMCO is a global leader in active fixed income
with deep expertise across public and private markets. PIMCO
invests their clients’ capital across a range of fixed income and
credit opportunities, drawing upon PIMCO’s decades of experience
navigating complex debt markets. PIMCO’s flexible capital base and
deep relationships with issuers have helped PIMCO become one of the
world’s largest providers of traditional and nontraditional
solutions for companies that need financing and investors who seek
strong risk-adjusted returns.
This is not an offer to sell Units and not a
solicitation of an offer to buy Units in any region where the offer
or sale is not permitted. Before you invest, you should carefully
read the Fund’s disclosure documents and consider carefully the
risks you assume when you invest in the Units. There can be no
assurance that the Fund will achieve its investment objectives or
be able to structure its investment portfolio as anticipated.
Copies of the Fund’s disclosure documents may be obtained from your
financial advisor.
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, the Manager 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, the Manager 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, the Manager 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.
You will usually pay brokerage fees to your
dealer if you purchase or sell Units on the TSX. If the Units are
purchased or sold on the TSX, investors may pay more than the
current net asset value when buying the Units and may receive less
than the current net asset value when selling them. There are
ongoing fees and expenses associated with owning the Units. An
investment fund must prepare disclosure documents that contain key
information about the fund. You can find more detailed information
about the Fund in these documents.
Investment funds are not guaranteed, their
values change frequently and past performance may not be
repeated.
A short form base shelf prospectus and a
prospectus supplement containing important detailed information
about the securities being offered have been filed with securities
commissions or similar authorities in each of the provinces and
territories of Canada. Copies of the Equity Distribution Agreement,
the short form base shelf prospectus and the prospectus supplement
may be obtained from the Agent. Investors should read the short
form base shelf prospectus and the prospectus supplement before
making an investment decision.
PIMCO as a general matter provides services to
qualified institutions, financial intermediaries and institutional
investors. Individual investors should contact their own financial
professional to determine the most appropriate investment options
for their financial situation. This material contains the current
opinions of the Manager and such opinions are subject to change
without notice. This material has been distributed for
informational purposes only and should not be considered as
investment advice or a recommendation of any particular security,
strategy or investment product. Information contained herein has
been obtained from sources believed to be reliable, but not
guaranteed. 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 trademark of Allianz Asset Management of
America LLC in the United States and throughout the world. ©2025,
PIMCO
The products and services provided by PIMCO
Canada Corp. may only be available in certain provinces or
territories of Canada and only through dealers authorized for that
purpose. PIMCO Canada has retained PIMCO LLC as sub-adviser. PIMCO
Canada will remain responsible for any loss that arises out of the
failure of its sub-adviser.
PIMCO Canada Corp. 199 Bay
Street, Suite 2050, Commerce Court Station, P.O. Box 363, Toronto,
ON, M5L 1G2, 416-368-3350.
Contact:Agnes CranePIMCO – Media Relations Ph.
212-597-1054Email: Agnes.Crane@pimco.com
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