PIMCO closed-end funds announce close of reorganizations

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NEW YORK, December 13, 2021 (GLOBE NEWSWIRE) – The reorganizations of each of the PIMCO Dynamic Credit & Mortgage Income Fund (“PCI”) (NYSE: PCI) and PIMCO Income Opportunity Fund (“PKO”) (NYSE: PKO) with and in PIMCO Dynamic Income Fund (“PDI”) (NYSE: PDI) (the “Reorganizations”) were completed after the close of business on Friday, December 10, 2021.

In the Reorganizations, PDI acquired all of the assets and assumed all of the liabilities of PCI and PKO in exchange for newly issued ordinary shares of PDI (the “Merger Shares”). The shareholders of each of PCI and PKO have received, or will receive, an amount of Merger Shares issued at the close of business on December 10, 2021 (and cash in lieu of fractions of Merger Shares, if any) equal to to the total net asset value of their holdings in PCI and / or PKO, as the case may be. The exchange was based on the net asset value per common share (“NAV”) of each of PCI, PKO and PDI as of the close of business on Friday, December 10, 2021.

Funds Teleprinter NAV
(as of December 10, 2021)
Exchange report
PIMCO Dynamic Mortgage and Credit Income Fund PCI $ 19.8238 0.818509
PIMCO Income Opportunities Fund OMP $ 22.9851 0.949037
PIMCO Dynamic Income Fund PDI $ 24.2194 N / A

About PIMCO
PIMCO was founded in 1971 in Newport Beach, California and is one of the world’s leading fixed income investment managers. Today, we have offices around the world and over 3,000 professionals united by one goal: to create opportunities for investors in all environments. PIMCO is owned by Allianz SE, one of the world’s leading providers of diversified financial services.

Registration statements relating to the common shares of each fund have been filed and declared effective by the Securities and Exchange Commission (the “SEC”). This press release is not intended to, and does not constitute, an offer to buy or sell shares of the funds; nor is this press release intended to solicit a proxy from a shareholder of the funds.

This material has been distributed for informational purposes only and should not be construed as investment advice or a recommendation of any particular security, strategy or investment product. No part of this material may be reproduced in any form, or referenced in any other publication, without express written permission. PIMCO is a trademark of Allianz Asset Management of America LP in the United States and internationally. PIMCO Investments LLC, 1633 Broadway, New York, NY 10019, is a PIMCO company. © 2021, PIMCO.

For more information on PIMCO closed-end funds:
Financial advisers: (800) 628-1237
Shareholders: (844) 337-4626 or (844) 33-PIMCO
PIMCO Media Relations: (212) 597-1054


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