PCQ Overview

Monthly Distributions Declared: PIMCO closed-end funds have announced monthly distributions for various funds, payable on December 1, 2025, to shareholders of record on November 14, 2025, with an ex-dividend date also on November 14, 2025.

Distribution Amounts and Changes: The distribution amounts per share for the funds range from $0.029500 to $0.220500, with no changes reported from the previous month.

Performance Metrics: As of September 30, 2025, the annualized current distribution rates expressed as a percentage of NAV and market price vary across funds, with some funds showing significant returns over one, five, and ten-year periods.

Investment Risks and Considerations: The article outlines various risks associated with investing in the funds, including market volatility, interest rate changes, and the complexities of certain investment strategies, emphasizing the importance of understanding these risks before investing.

Monthly Distributions Declared: PIMCO closed-end funds have announced monthly distributions for various funds, payable on November 3, 2025, to shareholders of record on October 14, 2025, with an ex-dividend date also on October 14, 2025.

Distribution Rates and Performance: The distribution rates for the funds vary, with some funds showing annualized distribution rates as a percentage of NAV and market price, while past performance data indicates varying returns over 1, 5, and 10-year periods.

Tax Implications: Distributions from certain funds may be exempt from federal income taxes, and the composition of distributions can include ordinary income, net capital gains, and return of capital, which may affect tax treatment.

Investment Risks: Investing in these funds involves various risks, including market volatility, interest rate changes, and potential loss of principal, with specific risks associated with different types of securities and investment strategies employed by the funds.

Mergers Completed: PIMCO has completed several mergers involving its municipal income funds, including the consolidation of various funds into PIMCO Municipal Income Fund II, PIMCO New York Municipal Income Fund II, and PIMCO California Municipal Income Fund. Shareholders received newly-issued common shares based on the net asset value (NAV) of their previous holdings.

Company Background: PIMCO, founded in 1971 and owned by Allianz S.E., is a leading fixed income investment manager with a global presence and over 3,000 professionals dedicated to creating investment opportunities.