PIMCO Canada Corp. Announces Monthly and Annual Distributions for PIMCO Canada Exchange Traded Series
23 December 2023 - 7:15AM
PIMCO Canada Corp. (“PIMCO Canada”) today announced the 2023
December and annual cash distributions for the ETF series (“ETF
Series”) of the PIMCO Canada mutual funds that distribute monthly
(“Funds”). Unitholders of record of the ETF Series, at the close of
business on December 27, 2023, will receive a per-unit cash
distribution payable on or about January 2, 2024.
Details of the per-unit cash distribution
amounts are as follow:
Fund Name |
Ticker |
Cash Distribution per Unit |
PIMCO Monthly Income Fund (Canada) |
PMIF |
$0.26359 |
PIMCO Monthly Income Fund (Canada) US$ |
PMIF.U |
US $0.28365 |
PIMCO Investment Grade Credit Fund (Canada) |
IGCF |
$0.07610 |
PIMCO Global Short Maturity Fund (Canada) |
PMNT |
$0.13690 |
PIMCO Low Duration Monthly Income Fund (Canada) |
PLDI |
$0.04143 |
|
|
|
The Manager, PIMCO Canada, administers and
manages the PIMCO Canada ETFs, and retains Pacific Investment
Management Company LLC (“PIMCO”) to provide sub-advisory services
to the Funds.
About PIMCO
PIMCO was founded in 1971 in Newport Beach,
California and is one of the world’s premier fixed income
investment managers. Today we have offices across the globe and
3,000+ professionals united by a single purpose: creating
opportunities for investors in every environment. 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 Funds. The
forward-looking statements are not historical facts but reflect the
Funds’, PIMCO Canada’s 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 Funds, 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 Funds, 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.
No offering is being made by this material.
Interested investors should obtain a copy of the prospectus, which
is available from your Financial Advisor.
Commissions, trailing commissions, management
fees and expenses all may be associated with mutual fund
investments. Please read the prospectus before investing. Mutual
funds are not guaranteed, their values change frequently and past
performance may not be repeated.
All investments contain risk
and can lose value. For a summary of the risks of an investment in
a specific fund, please see the risks of mutual funds section of
the prospectus.
Investments made by a Fund and the results
achieved by a Fund are not expected to be the same as those made by
any other PIMCO-advised Fund, including those with a similar name,
investment objective or policies. A new or smaller Fund’s
performance may not represent how the Fund is expected to or may
perform in the long-term. New Funds have limited operating
histories for investors to evaluate and new and smaller Funds may
not attract sufficient assets to achieve investment and trading
efficiencies. A Fund may be forced to sell a comparatively large
portion of its portfolio to meet significant shareholder
redemptions for cash, or hold a comparatively large portion of its
portfolio in cash due to significant share purchases for cash, in
each case when the Fund otherwise would not seek to do so, which
may adversely affect performance.
Funds can offer different series, which are
subject to different fees and expenses (which may affect
performance), having different minimum investment requirements and
are entitled to different services.
The products and services provided by PIMCO
Canada 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 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 L.P. in the United States and throughout the world. ©2023,
PIMCO
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 Phone: +212 597.1054
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