PIMCO Canada Corp. Announces Monthly Distributions for PIMCO Canada Exchange Traded Series
14 September 2024 - 7:00AM
PIMCO Canada Corp. (“PIMCO Canada”) today announced the 2024
September 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 September 19, 2024, will receive per-unit cash distribution
payable on or about September 27, 2024.
Details of the per-unit cash distribution amount
are as follow:
Fund Name |
Ticker |
Cash Distribution per Unit |
PIMCO Monthly Income Fund (Canada) |
PMIF |
$0.08267 |
PIMCO Monthly Income Fund (Canada) US$ |
PMIF.U |
US $0.08935 |
PIMCO Investment Grade Credit Fund (Canada) |
IGCF |
$0.04540 |
PIMCO Global Short Maturity Fund (Canada) |
PMNT |
$0.08258 |
PIMCO Low Duration Monthly Income Fund (Canada) |
PLDI |
$0.08712 |
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 is a global leader in active fixed income
with deep expertise across public and private markets. We invest
our clients’ capital across a range of fixed income and credit
opportunities, drawing upon our decades of experience navigating
complex debt markets. Our flexible capital base and deep
relationships with issuers have helped us 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.
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 Funds prospectus.
The Fund's distribution rates may be
affected by numerous factors, including but not limited to changes
in realized and projected market returns, fluctuations in market
interest rates, Fund performance, and other factors. There can be
no assurance that a change in market conditions or other factors
will not result in a change in the Fund's distribution rate or that
the rate will be sustainable in the future.
For instance, during periods of low or declining
interest rates, the Fund's distributable income and distribution
rate may decline for many reasons. For example, the Fund may have
to deploy uninvested assets (whether from purchases of Fund units,
proceeds from matured, traded or called debt obligations or other
sources) in new, lower yielding instruments. Additionally, payments
from certain instruments that may be held by the Fund (such as
variable and floating rate securities) may be negatively impacted
by declining interest rates, which may also lead to a decline in
the Fund's distributable income and distribution rate.
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 LLC in the United States and throughout the world. ©2024,
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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