NEW YORK, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Previously announced changes to the name, ticker symbol, investment objectives and guidelines, and portfolio manager lineup for PIMCO Dynamic Income Strategy Fund (the “Fund) became effective today. Pacific Investment Management Company LLC (“PIMCO”), the investment manager of the Fund, expects that the changes will reduce the Fund’s focus on investments linked to the energy sector in favor of a primarily income-oriented objective and broader, multi-sector credit mandate, which PIMCO believes has the potential to strengthen secondary market demand for the Fund’s common shares.
Prior to today, the Fund was named “PIMCO Energy and Tactical Credit Opportunities Fund” and its New York Stock Exchange ticker symbol was “NRGX”.
For additional information, including a summary of the Fund’s revised investment objectives and principal investment strategies, please refer to the Form 8-K filed by the Fund on September 22, 2023, which is available on the EDGAR Database on the SEC’s Internet site at http://www.sec.gov.
For more information about the Fund, please see the Fund’s website at: https://www.pimco.com/en-us/investments/closed-end-funds/dynamic-income-strategy-fund.
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.
Closed-end funds, unlike open-end funds, are not continuously offered. After the initial public offering, shares are sold on the open market through a stock exchange. As with any stock, the price of a closed-end fund’s common shares will fluctuate with market conditions and other factors. The price received when shares are sold may be more or less than the original investment. Shares of closed-end funds may trade at a premium to their net asset value. Shares of closed-end funds frequently trade at a discount from their net asset value. Whether a closed-end fund’s (including the Fund’s) common shares trade at a premium or a discount, and the extent of such premium or discount, is a result of a variety of factors and cannot be predicted.
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