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Yahoo
5 hours ago
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PIMCO Closed-End Funds Declare Monthly Common Share Distributions
NEW YORK, June 02, 2025 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a 'Fund' and, collectively, the 'Funds') have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable on July 1, 2025 to shareholders of record on June 12, 2025, with an ex-dividend date of June 12, 2025. Monthly Distribution Per Share Fund NYSE Symbol Amount Change From Previous Month Percentage Change From Previous Month PIMCO Corporate & Income Strategy Fund (NYSE: PCN) $0.112500 - - PIMCO Corporate & Income Opportunity Fund (NYSE: PTY) $0.118800 - - PIMCO Global StocksPLUS® & Income Fund (NYSE: PGP) $0.069000 - - PIMCO High Income Fund (NYSE: PHK) $0.048000 - - PIMCO Strategic Income Fund, Inc. (NYSE: RCS) $0.040000 - - PCM Fund, Inc. (NYSE: PCM) $0.064240 - - PIMCO Income Strategy Fund (NYSE: PFL) $0.081400 - - PIMCO Income Strategy Fund II (NYSE: PFN) $0.071800 - - PIMCO Dynamic Income Fund (NYSE: PDI) $0.220500 - - PIMCO Dynamic Income Opportunities Fund (NYSE: PDO) $0.127900 - - PIMCO Municipal Income Fund (NYSE: PMF) $0.042000 - - PIMCO California Municipal Income Fund (NYSE: PCQ) $0.036000 - - PIMCO New York Municipal Income Fund (NYSE: PNF) $0.033500 - - PIMCO Municipal Income Fund II (NYSE: PML) $0.039500 - - PIMCO California Municipal Income Fund II (NYSE: PCK) $0.021500 - - PIMCO New York Municipal Income Fund II (NYSE: PNI) $0.029500 - - PIMCO Municipal Income Fund III (NYSE: PMX) $0.033000 - - PIMCO California Municipal Income Fund III (NYSE: PZC) $0.029500 - - PIMCO New York Municipal Income Fund III (NYSE: PYN) $0.024800 - - PIMCO Access Income Fund (NYSE: PAXS) $0.149400 - - PIMCO Dynamic Income Strategy Fund (NYSE: PDX) $0.133400 - - Fund Distribution Information as of April 30, 2025: Fund NYSE Symbol Current Amount Annualized current distribution rate expressed as a percentage of NAV as of 4/30/2025 Annualized current distribution rate expressed as a percentage of Market Price as of 4/30/2025 PIMCO Corporate & Income Strategy Fund (NYSE: PCN) $0.112500 11.59% 10.57% PIMCO Corporate & Income Opportunity Fund (NYSE: PTY) $0.118800 12.36% 10.39% PIMCO Global StocksPLUS® & Income Fund (NYSE: PGP) $0.069000 10.80% 10.48% PIMCO High Income Fund (NYSE: PHK) $0.048000 12.60% 12.10% PIMCO Strategic Income Fund, Inc. (NYSE: RCS) $0.040000 10.91% 8.45% PCM Fund, Inc. (NYSE: PCM) $0.064240 13.00% 12.35% PIMCO Income Strategy Fund (NYSE: PFL) $0.081400 12.35% 11.78% PIMCO Income Strategy Fund II (NYSE: PFN) $0.071800 12.31% 11.84% PIMCO Dynamic Income Fund (NYSE: PDI) $0.220500 15.85% 14.32% PIMCO Dynamic Income Opportunities Fund (NYSE: PDO) $0.127900 11.96% 11.34% PIMCO Municipal Income Fund (NYSE: PMF) $0.042000 5.85% 6.18% PIMCO California Municipal Income Fund (NYSE: PCQ) $0.036000 4.47% 4.95% PIMCO New York Municipal Income Fund (NYSE: PNF) $0.033500 5.03% 5.66% PIMCO Municipal Income Fund II (NYSE: PML) $0.039500 5.90% 6.20% PIMCO California Municipal Income Fund II (NYSE: PCK) $0.021500 4.18% 4.63% PIMCO New York Municipal Income Fund II (NYSE: PNI) $0.029500 4.58% 5.21% PIMCO Municipal Income Fund III (NYSE: PMX) $0.033000 5.35% 5.69% PIMCO California Municipal Income Fund III (NYSE: PZC) $0.029500 4.96% 5.51% PIMCO New York Municipal Income Fund III (NYSE: PYN) $0.024800 4.85% 5.49% PIMCO Access Income Fund (NYSE: PAXS) $0.149400 11.92% 11.67% PIMCO Dynamic Income Strategy Fund (NYSE: PDX) $0.133400 6.74% 7.28% Distribution rates are not performance and are calculated by annualizing the current distribution per share announced in this press release and dividing by the NAV or Market Price, as applicable, as of the reported date. A Fund's distribution rate may be affected by numerous factors, including, among others, the Fund's current and expected earnings, changes in realized and projected market returns, the overall market environment, PIMCO's current economic and market outlook, and Fund performance. There can be no assurance that a change in market conditions or other factors will not result in a change in a Fund's distribution rate at a future time. Distributions may be comprised of ordinary income, net capital gains, and/or a return of capital ('ROC') of your investment in a Fund. Because the distribution rate may include a ROC, it should not be confused with yield or performance. Average Annual Total Returns Based on NAV and Market Price ('MKT') of Common Shares as of April 30, 2025: Fund NYSE Symbol Inception Date 1 Year 5 Year 10 Year Since Inception PIMCO Corporate & Income Strategy Fund (NYSE: PCN) 12/21/2001 NAV 13.98% 11.73% 8.46% 10.75% MKT 11.40% 7.27% 8.06% 10.23% PIMCO Corporate & Income Opportunity Fund (NYSE: PTY) 12/27/2002 NAV 16.53% 13.64% 10.19% 12.65% MKT 6.40% 10.29% 9.55% 12.06% PIMCO Global StocksPLUS® & Income Fund (NYSE: PGP) 5/31/2005 NAV 15.93% 13.28% 8.13% 10.47% MKT 19.23% 10.04% 0.37% 6.98% PIMCO High Income Fund (NYSE: PHK) 4/30/2003 NAV 12.69% 12.04% 8.89% 10.43% MKT 11.38% 10.87% 3.09% 7.83% PIMCO Strategic Income Fund, Inc. (NYSE: RCS) 2/24/1994 NAV 14.92% 7.32% 5.17% 7.68% MKT 7.12% 7.79% 5.18% 7.81% PCM Fund, Inc. (NYSE: PCM) 9/2/1993 NAV 7.15% 6.90% 5.86% 8.14% MKT -19.86% 3.22% 5.39% 7.55% PIMCO Income Strategy Fund (NYSE: PFL) 8/29/2003 NAV 12.38% 10.05% 7.11% 6.82% MKT 12.54% 9.92% 7.66% 6.70% PIMCO Income Strategy Fund II (NYSE: PFN) 10/29/2004 NAV 12.59% 9.65% 7.09% 6.15% MKT 12.48% 9.58% 7.61% 6.07% PIMCO Dynamic Income Fund (NYSE: PDI) 5/30/2012 NAV 14.47% 10.09% 7.61% 10.89% MKT 12.19% 9.27% 8.64% 10.92% PIMCO Dynamic Income Opportunities Fund (NYSE: PDO) 1/29/2021 NAV 14.19% - - 1.90% MKT 16.90% - - 2.93% PIMCO Municipal Income Fund (NYSE: PMF) 6/29/2001 NAV -2.14% -0.75% 1.62% 4.79% MKT -3.19% -2.71% -0.69% 3.94% PIMCO California Municipal Income Fund (NYSE: PCQ) 6/29/2001 NAV -2.21% -0.50% 1.93% 4.88% MKT 0.54% -6.64% -0.60% 3.85% PIMCO New York Municipal Income Fund (NYSE: PNF) 6/29/2001 NAV -2.86% -1.27% 1.12% 3.40% MKT -0.22% -2.93% 0.30% 2.69% PIMCO Municipal Income Fund II (NYSE: PML) 6/28/2002 NAV -1.69% -0.59% 1.93% 4.07% MKT -1.28% -3.44% 0.87% 3.51% PIMCO California Municipal Income Fund II (NYSE: PCK) 6/28/2002 NAV -2.04% -0.94% 1.76% 3.08% MKT 2.07% -3.34% -0.56% 2.11% PIMCO New York Municipal Income Fund II (NYSE: PNI) 6/28/2002 NAV -2.93% -1.06% 1.25% 3.45% MKT -0.11% -1.68% -1.06% 2.63% PIMCO Municipal Income Fund III (NYSE: PMX) 10/31/2002 NAV -2.04% -1.05% 1.84% 3.81% MKT -1.11% -3.02% 0.78% 3.16% PIMCO California Municipal Income Fund III (NYSE: PZC) 10/31/2002 NAV -1.99% -0.43% 1.94% 3.28% MKT -4.68% -3.05% -0.08% 2.47% PIMCO New York Municipal Income Fund III (NYSE: PYN) 10/31/2002 NAV -2.83% -1.27% 0.94% 2.19% MKT -0.21% -3.59% -1.14% 1.42% PIMCO Access Income Fund (NYSE: PAXS) 1/31/2022 NAV 12.62% - - 3.06% MKT 11.19% - - 3.87% PIMCO Dynamic Income Strategy Fund (NYSE: PDX) 02/01/2019 NAV 7.38% 30.89% - 10.22% MKT 11.26% 31.85% - 9.97% Performance for periods of more than one year is annualized. Past performance is not a guarantee or a reliable indicator of future results. There can be no assurance that a Fund or any investment strategy will achieve its investment objectives or structure its investment portfolio as anticipated. An investment in a Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate. Shares may be worth more or less than original purchase price. Due to market volatility, current performance may be lower or higher than average annual returns shown. Returns are calculated by determining the percentage change in net asset value ('NAV') or market price (as applicable) of the Fund's common shares in the specific period. The calculation assumes that all dividends and distributions, if any, have been reinvested. NAV and market price returns do not reflect broker sales charges or commissions in connection with the purchase or sales of Fund shares and includes the effect of any expense reductions. Returns for a period of less than one year are not annualized. Returns for a period of more than one year represent the average annual return. Performance at market price will differ from results at NAV. Although market price returns typically reflect investment results over time, during shorter periods returns at market price can also be influenced by factors such as changing views about a Fund, market conditions, supply and demand for a Fund's shares or changes in Fund dividends and distributions. Additional Information Distributions from PMF, PML, PMX, PCQ, PCK, PZC, PNF, PNI and PYN are generally exempt from regular federal income taxes (i.e., excluded from gross income for federal income tax purposes but not necessarily exempt from the federal alternative minimum tax). In addition, distributions from PCQ, PCK and PZC are also generally exempt from California state income taxes, and distributions from PNF, PNI and PYN are generally exempt from New York State and city income taxes. There can be no assurance that all distributions paid by these Funds will be exempt from federal income taxes or applicable state or local income taxes. Distributions may include ordinary income, net capital gains and/or a return of capital. Generally, a return of capital occurs when the amount distributed by a Fund includes a portion of (or is comprised entirely of) your investment in the Fund in addition to (or rather than) your pro-rata portion of the Fund's net income or capital gains. A Fund's distributions in any period may be more or less than the net return earned by the Fund on its investments, and therefore should not be used as a measure of performance or confused with 'yield' or 'income.' A return of capital is not taxable; rather it reduces a shareholder's tax basis in his or her shares of a Fund. If a Fund estimates that a portion of a distribution may be comprised of amounts from sources other than net investment income, as determined in accordance with its internal accounting records and related accounting practices, the Fund will notify shareholders of the estimated composition of such distribution through a Section 19 Notice. For these purposes, a Fund estimates the source or sources from which a distribution is paid, to the close of the period as of which it is paid, in reference to its internal accounting records and related accounting practices. If, based on such accounting records and practices, it is estimated that a particular distribution does not include capital gains or paid-in surplus or other capital sources, a Section 19 Notice generally would not be issued. It is important to note that differences exist between a Fund's daily internal accounting records and practices, the Fund's financial statements presented in accordance with U.S. GAAP, and recordkeeping practices under income tax regulations. For instance, a Fund's internal accounting records and practices may take into account, among other factors, tax-related characteristics of certain sources of distributions that differ from treatment under U.S. GAAP. Examples of such differences may include, among others, the treatment of paydowns on mortgage-backed securities purchased at a discount and periodic payments under interest rate swap contracts. Accordingly, among other consequences, it is possible that a Fund may not issue a Section 19 Notice in situations where the Fund's financial statements prepared later and in accordance with U.S. GAAP and/or the final tax character of those distributions might later report that the sources of those distributions included capital gains and/or a return of capital. Please visit for the most recent Section 19 Notice, if applicable, and most recent shareholder reports for additional information regarding the estimated composition of distributions. Final determination of a distribution's tax character will be provided to shareholders when such information is available. The tax treatment and characterization of a Fund's distributions may vary significantly from time to time because of the varied nature of the Fund's investments. For example, a Fund may enter into opposite sides of multiple interest rate swaps or other derivatives with respect to the same underlying reference instrument (e.g., a 10-year U.S. treasury) that have different effective dates with respect to interest accrual time periods for the principal purpose of generating distributable gains (characterized as ordinary income for tax purposes) that are not part of the Fund's duration or yield curve management strategies. In such a 'paired swap transaction', the Fund would generally enter into one or more interest rate swap agreements whereby the Fund agrees to make regular payments starting at the time the Fund enters into the agreements equal to a floating interest rate in return for payments equal to a fixed interest rate (the 'initial leg'). The Fund would also enter into one or more interest rate swap agreements on the same underlying instrument, but take the opposite position (i.e., in this example, the Fund would make regular payments equal to a fixed interest rate in return for receiving payments equal to a floating interest rate) with respect to a contract whereby the payment obligations do not commence until a date following the commencement of the initial leg (the 'forward leg'). A Fund may engage in investment strategies, including those that employ the use of derivatives, to, among other things, seek to generate current, distributable income, even if such strategies could potentially result in declines in the Fund's NAV. A Fund's income and gain-generating strategies, including certain derivatives strategies, may generate current income and gains taxable as ordinary income sufficient to support monthly distributions even in situations when the Fund has experienced a decline in net assets due to, for example, adverse changes in the broad U.S. or non-U.S. equity markets or the Fund's debt investments, or arising from its use of derivatives. Because some or all of these transactions may generate capital losses without corresponding offsetting capital gains, portions of a Fund's distributions recognized as ordinary income for tax purposes (such as from paired swap transactions) may be economically similar to a taxable return of capital when considered together with such capital losses. The tax treatment of certain derivatives in which a Fund invests may be unclear and thus subject to recharacterization. Any recharacterization of payments made or received by a Fund pursuant to derivatives potentially could affect the amount, timing or character of Fund distributions. In addition, the tax treatment of such investment strategies may be changed by regulation or otherwise. The common shares of the Funds trade on the New York Stock Exchange. As with any stock, the price of a Fund's common shares will fluctuate with market conditions and other factors. If you sell your common shares of a Fund, the price received may be more or less than your original investment. Shares of closed-end investment management companies, such as the Funds, frequently trade at a discount from their net asset value and may trade at a price that is less than the initial offering price and/or the net asset value of such shares. Further, if a Fund's shares trade at a price that is more than the initial offering price and/or the net asset value of such shares, including at a substantial premium and/or for an extended period of time, there is no assurance that any such premium will be sustained for any period of time and will not decrease, or that the shares will not trade at a discount to net asset value thereafter. The Funds' daily New York Stock Exchange closing market prices, net asset values per share, as well as other information, including updated portfolio statistics and performance are available at or by calling the Funds' shareholder servicing agent at (844) 33-PIMCO. Updated portfolio holdings information about a Fund will be available approximately 15 calendar days after such Fund's most recent fiscal quarter end, and will remain accessible until such Fund files a shareholder report or a publicly available Form N-PORT for the period that includes the date of the information. A Fund's shares do not represent a deposit or obligation of, and are not guaranteed or endorsed by, any bank or other insured depository institution, and are not insured by the FDIC, the Federal Reserve Board or any other government agency. You may lose money by investing in a Fund. Certain risks associated with investing in a Fund are summarized below. An investor should consider, among other things, a Fund's investment objectives, risks, charges and expenses carefully before investing. A Fund's annual report contains (or will contain) this and other information about the Fund. A word about risk: Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and low interest rate environments increase this risk. Reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed. Mortgage and asset-backed securities may be sensitive to changes in interest rates, subject to early repayment risk, and their value may fluctuate in response to the market's perception of issuer creditworthiness; while generally supported by some form of government or private guarantee there is no assurance that private guarantors will meet their obligations. Investing in foreign-denominated and/or -domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. Corporate debt securities are subject to the risk of the issuer's inability to meet principal and interest payments on the obligation and may also be subject to price volatility due to factors such as interest rate sensitivity, market perception of the creditworthiness of the issuer and general market liquidity. Bank loans are often less liquid than other types of debt instruments and general market and financial conditions may affect the prepayment of bank loans, and as such the prepayments cannot be predicted with accuracy. There is no assurance that the liquidation of any collateral from a secured bank loan would satisfy the borrower's obligation, or that such collateral could be liquidated. Contingent Convertible ('Coco') Bonds are bonds that are converted into equity of the issuing company if a pre-specified trigger occurs. Co-cos are subject to a different type of risk from traditional bonds and may result in a partial or total loss of value or may be converted into shares of the issuing company which may also have suffered a loss in value. Collateralized Loan Obligations (CLOs) may involve a high degree of risk and are intended for sale to qualified investors only. Investors may lose some or all of the investment and there may be periods where no cash flow distributions are received. CLOs are exposed to risks such as credit, default, liquidity, management, volatility, interest rate, and credit risk. Convertible securities may be called before intended, which may have an adverse effect on investment objectives. Floating rate loans are not traded on an exchange and are subject to significant credit, valuation and liquidity risk. A Fund may invest without limit in below investment grade debt securities (commonly referred to as 'high yield' securities or 'junk bonds'), including securities of stressed and distressed issuers. High-yield, lower-rated, securities involve greater risk than higher-rated securities; portfolios that invest in them may be subject to greater levels of credit and liquidity risk than portfolios that do not. Real estate investment trusts (or REITs) are subject to risk, such as poor performance by the manager, adverse changes to tax laws or failure to qualify for tax-free pass-through of income. Investments in residential/commercial mortgage loans and commercial real estate debt are subject to risks that include prepayment, delinquency, foreclosure, risks of loss, servicing risks and adverse regulatory developments, which risks may be heightened in the case of non-performing loans. Investing in distressed loans and bankrupt companies is speculative and the repayment of default obligations contains significant uncertainties. Distressed and Defaulted Securities involve substantial risks, including the risk of default. Such investments may be in default at the time of investment. In addition, these securities may fluctuate more in price, and are typically less liquid. Commodities contain heightened risk, including market, political, regulatory and natural conditions, and may not be appropriate for all investors. Many energy sector master limited partnerships (or MLPs) and other companies in which PDX may invest operate natural gas, natural gas liquids, crude oil, refined products, coal, or other facilities within the energy sector and will be susceptible to adverse economic, environmental, or regulatory occurrences affecting the sector including sharp decreases in crude oil or natural gas prices. Energy Sector Risk. PDX will be concentrated in the energy sector, and will therefore be susceptible to adverse economic, environmental, or regulatory occurrences affecting that sector. Private credit involves an investment in non-publicly traded securities which may be subject to illiquidity risk. Portfolios that invest in private credit may be leveraged and may engage in speculative investment practices that increase the risk of investment loss. A Fund will also have exposure to such risks through its investments in mortgage and asset-backed securities, which are highly complex instruments that may be sensitive to changes in interest rates and subject to early repayment risk. Income from municipal bonds is exempt from federal income tax and may be subject to state and local taxes and at times the alternative minimum tax; a strategy concentrating in a single or limited number of states is subject to greater risk of adverse economic conditions and regulatory changes. Structured products such as collateralized debt obligations are also highly complex instruments, typically involving a high degree of risk; use of these instruments may involve derivative instruments that could lose more than the principal amount invested. Sovereign securities are generally backed by the issuing government, obligations of U.S. Government agencies and authorities are supported by varying degrees but are generally not backed by the full faith of the U.S. Government; portfolios that invest in such securities are not guaranteed and will fluctuate in value. Concentration of assets in one or a few sectors may entail greater risk than a fully diversified portfolio and should be considered as only part of a diversified portfolio. Investing in foreign-denominated and/or -domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. Leveraging transactions, including borrowing, typically will cause a portfolio to be more volatile than if the portfolio had not been leveraged. Leveraging transactions typically involve expenses, which could exceed the rate of return on investments purchased by a fund with such leverage and reduce fund returns. The use of leverage may cause a portfolio to liquidate positions when it may not be advantageous to do so. Leveraging transactions may increase a fund's duration and sensitivity to interest rate movements. Derivatives may involve certain costs and risks, such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. Each of PDO, PNF and PYN is non-diversified, which means that it may invest its assets in a smaller number of issuers than a diversified Fund. Limited Term Risk. With respect to PDX, PDO and PAXS (each, for purposes of this paragraph only, a 'Limited Term Fund'), unless the limited term provision of a Limited Term Fund's Amended and Restated Agreement and Declaration of Trust (the 'Declaration of Trust') is amended by shareholders in accordance with the Declaration of Trust, or unless a Limited Term Fund completes a tender offer, as of a date within twelve months preceding the Dissolution Date (as defined below), to all common shareholders to purchase 100% of the then outstanding common shares of such Limited Term Fund at a price equal to the NAV per common share on the expiration date of the tender offer (an 'Eligible Tender Offer'), and converts to perpetual existence, such Limited Term Fund will terminate. PDX will terminate on or about January 29, 2031; PDO will terminate on or about January 27, 2033; and PAXS will terminate on or about January 27, 2034 (each such termination date, a 'Dissolution Date'). No Limited Term Fund is a 'target term' fund whose investment objective is to return its original net asset value on the Dissolution Date or in an Eligible Tender Offer. Because the assets of each Limited Term Fund will be liquidated in connection with the dissolution, such Limited Term Fund will incur transaction costs in connection with dispositions of portfolio securities. The Limited Term Funds do not limit their investments to securities having a maturity date prior to the applicable Dissolution Date and may be required to sell portfolio securities when they otherwise would not, including at times when market conditions are not favorable, which may cause such Limited Term Fund to lose money. In particular, a Limited Term Fund's portfolio may still have large exposures to illiquid securities as its Dissolution Date approaches, and losses due to portfolio liquidation may be significant. Beginning one year before the applicable Dissolution Date (the 'Wind-Down Period'), a Limited Term Fund may begin liquidating all or a portion of its portfolio, and may deviate from its investment strategy and may not achieve its investment objectives. As a result, during the Wind-Down Period, a Limited Term Fund's distributions may decrease, and such distributions may include a return of capital. A Limited Term Fund's investment objectives and policies are not designed to seek to return investors' original investment upon termination of such Limited Term Fund, and investors may receive more or less than their original investment upon termination of such Limited Term Fund. As the assets of a Limited Term Fund will be liquidated in connection with its termination, such Limited Term Fund may be required to sell portfolio securities when it otherwise would not, including at times when market conditions are not favorable, which may cause such Limited Term Fund to lose money. 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. Closed-end funds may be leveraged and carry various risks depending upon the underlying assets owned by a fund. Investment policies, management fees and other matters of interest to prospective investors may be found in each closed-end fund annual and semi-annual report. For additional information, please contact your investment professional or call 1-844-337-4626. 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. Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statement. 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. 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. PIMCO Investments LLC, 1633 Broadway, New York, NY 10019, is a company of PIMCO. ©2025, PIMCO. For information on PIMCO Closed-End Funds:Financial Advisors: (800) 628-1237Shareholders: (844) 337-4626 or (844) 33-PIMCOPIMCO Media Relations: (212) 597-1054Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Unaudited information of Invalda INVL group for 3 months of 2025
Invalda INVL had equity of EUR 238.1 million at the end of March this year, or EUR 19.82 per share. Those figures were 30.9% and 30.8% larger, respectively, than a year earlier, including the dividends that have been paid out. In January-March 2025, Invalda INVL earned an unaudited net profit of EUR 15.9 million, or 3.4 times more than in the same period last year, when the net profit was EUR 4.7 million. The asset management group recorded EUR 3 million loss for its clients in the first quarter of this year, due to global market corrections. However, the total value of client assets under management grew by 27.9% from a year earlier to more than EUR 1.9 billion at the end of March 2025. 'The main highlight for the start of this year was the successful launch of INVL Private Equity Fund II – a strategically important step for us and currently the largest fund in the Baltics,' says Darius Šulnis, the CEO of Invalda INVL. Strategic core business: asset management and family office activities Invalda INVL's revenue from the management of assets entrusted by clients totalled EUR 3.9 million in the first quarter of 2025, 32.8% more than in January-March 2024. The profit of the strategic core business, which also includes the company's own investments in the products the group manages, was EUR 1.2 million, compared with a profit of EUR 1.4 million in the same period last year. As of 1 April, Andrius Načajus, a finance executive with many years of experience, became the CEO of INVL Asset Management. 'The successful management of entrusted assets, focusing on creating long-term value and delivering appropriate returns to investors is the key priority for our business. Asset divestments are a natural part of this process,' Darius Šulnis notes. 'In the first quarter of this year, the INVL Baltic Sea Growth Fund completed the sale of InMedica Group, Lithuania's largest private healthcare network. That investment is a great example of a rational growth strategy and its consistent implementation: a company that is a leader in its field was created, an exceptionally high return was earned, and thus a significant portion of the capital invested in the fund was returned to investors. We continue to actively grow the fund's portfolio companies and selectively divesting some of them.' 'We're also intensely seeking suitable targets for investments of the INVL Private Equity Fund II. Some processes are already well advanced, so we expect to complete at least two acquisitions by the end of this year,' Šulnis adds. The Invalda INVL group also saw other significant events in the first quarter of 2025. The INVL Renewable Energy Fund I, with operations concentrated in Romania and Poland, successfully completed the offering of an EUR 8 million bond issue in February which was oversubscribed 1.7 times. INVL Asset Management launched the INVL Partner Strategic Lending Fund, which will invest in a vehicle managed by 17Capital, a private credit firm active in North America and Europe, that lends to major global private equity managers. 'We're also pleased with the successful work of the INVL Family Office. It has expanded its client base not only in Lithuania but also in Latvia and Estonia, while increasing their investments,' Invalda INVL's CEO says. In February, the INVL Family Office joined an initiative of the Vilnius Lyceum Alumni Endowment fund. The INVL Family Office will help to create and implement the fund's investment strategy. Equity investments Invalda INVL's other equity investments, aside from the asset management, had a EUR 17.7 million impact on earnings in the first quarter of 2025. This result was positively influenced by the strong performance of the banks in which the company holds stakes, along with their growth in value. Invalda INVL has investments in Artea Bank and in maib, Moldova's largest bank. Maib, showing excellent financial results and sustainable growth in all business segments, earned a record net profit of EUR 20.1 million in the first quarter, while Artea earned EUR 17.35 million. Artea Bank had a positive impact of EUR 15.6 million on Invalda INVL's pretax profit; maid had a positive impact of EUR 0.5 million. 'The profits generated by the agricultural business group Litagra, along with a favorable market environment, provide an optimistic outlook for the future performance of the group and its value,' Darius Šulnis notes. Litagra had a positive impact of EUR 1.6 million on Invalda INVL's result for the first quarter of 2025. Additional information is provided byDarius Sulnis, CEO of Invalda Invalda INVL Group overview 31 03 2025
National Post
13-05-2025
- Business
- National Post
Denali Growth Partners Raises $400 Million for Second Growth Equity Fund
Article content Article content BOSTON — Denali Growth Partners ('DGP') announced the final close of Denali Growth Partners Fund II ('Fund II') at $400 million in total limited partner capital commitments. Fund II exceeded its $350 million target, backed by strong demand from both existing and new investors. Article content Fund II builds on the success of DGP's debut fund, a $200 million-plus growth equity fund raised in 2021, and advances the firm's strategy of investing in growing, capital-efficient, and profitable companies led by exceptional entrepreneurs. The firm focuses on sectors where its domain expertise aligns with real-world business performance. Such sectors include healthcare, life sciences, professional services, technology-enabled platforms and services, and software. Article content 'DGP was founded to bring founder-aligned growth capital to companies doing extraordinary things, often outside the limelight,' said Jesse Lane, Founder and Managing Partner of DGP. 'We are incredibly grateful for the trust and support from our limited partners. Their collective conviction in our approach, and in the entrepreneurs we back, has been foundational to everything we do.' Article content Fund II attracted a highly respected group of institutional investors, including pension plans, insurance companies, family offices, funds of funds, foundations, endowments, and asset managers. Article content To date, DGP has invested in 11 platform companies that collectively generate over $900 million in revenue, produce more than $100 million in EBITDA, and employ more than 3,000 individuals. Article content Fund II provides DGP with additional capital to continue its mission of supporting exceptional founders building enduring, capital-efficient, and high-growth businesses. Article content Article content Article content Article content Article content Article content
Yahoo
01-05-2025
- Business
- Yahoo
Curql Fund II Nears Close at $309 Million with 83 Credit Union Investors
Final opportunity to join the largest credit union-led fintech investment fund before July deadline DES MOINES, Iowa, May 01, 2025--(BUSINESS WIRE)--Curql, a collective of credit unions jointly investing in fintech, proudly announced today that Curql Fund II has surpassed $300 million in capital raised from 83 progressive credit unions across the nation. With the fund set to close at the end of July, credit unions now face their final opportunity to participate in a movement that's reshaping the financial services landscape — led by credit unions, for credit unions. Curql Fund I brought 64 credit unions together to invest $254 million, ultimately backing 38 fintech companies. Curql Fund II has already surpassed those milestones, and with greater capital and more credit unions aligned, the number of transformative fintech solutions in the portfolio is expected to grow significantly. To date, Curql investors have unlocked approximately $12 million in savings through negotiated fintech discounts, exclusive pricing, and early-access opportunities. With a broader portfolio expected through Fund II, the collective value of discounts and strategic benefits is anticipated to expand even further. "This is about more than just investment — it's about positioning credit unions to shape the future of fintech on their terms," said Nick Evens, President & CEO of Curql Collective. "Credit unions that join Curql Fund II are joining a movement to drive smarter, more relevant and member-centric innovation across the industry." Curql Fund II provides credit unions with: Direct access to a growing pipeline of fintech solutions aligned with credit union needs Exclusive savings through preferred pricing agreements across the portfolio A seat at the table to help shape the future of financial technology alongside other credit union leaders Ownership stake in the only credit union-focused fintech fund of its kind The investment window for Fund II closes July 31, 2025. Onboarding, board approval, and legal processes typically take 2–3 months — making now the time for credit unions to initiate internal review if they wish to participate. Credit unions interested in learning more can visit or contact the Curql team for next steps. About Curql Collective Curql, a collective of over 130 credit unions jointly investing in fintech, brings timely solutions to the credit union industry. With over 40 fintech partners in the Collective Portfolio, Curql ensures that technology is designed specifically for credit unions, allowing them to better serve their members and remain competitive in an evolving financial landscape. Visit to learn more before the window to join closes. View source version on Contacts Kristin EvansVP, MarCom727-303-2316kristin@ Sign in to access your portfolio
Zawya
11-04-2025
- Business
- Zawya
Oman-India Joint Investment Fund appoints Chavva as CEO
Muscat – The board of Oman-India Joint Investment Fund – Management Company (OIJIF), a private equity fund manager promoted by the Oman Investment Authority (OIA) and the State Bank of India (SBI), has appointed Satish Chavva as the Chief Executive Officer, effective April 1, 2025. Chavva joins from British International Investment (BII), UK's development finance institution, where he held different roles including heading Direct Private Equity for South Asia. He brings over 20 years of versatile experience across private equity investing and finance, according to a press statement issued by OIJIF. Chavva has led investments across diverse sectors and geographies, driving significant value creation for his portfolio companies. He has a deep association with OIJIF, having previously served as Director of Investments at OIJIF from 2016 to 2022. Chavva holds a Bachelor of Technology from the Indian Institute of Technology (IIT), Bombay, a Master of Science in Computational and Applied Mathematics from the University of Texas, and an MBA from INSEAD. During his tenure at OIJIF, he played a key role in shaping the firm's investment management strategy and led several of OIJIF's investments from Oman-India Joint Investment Fund II (Fund II). OIJIF said Chavva's collaborative approach and strong understanding of the fund will be crucial in guiding it through its next phase of growth. Chavva said, 'I am honoured to join as CEO at OIJIF, a distinguished organisation, with a strong legacy of excellence in the mid-market private equity sector in India. I look forward to collaborating with the board and the team to drive strategic growth, create value for investors, and support the long-term success of our portfolio companies. I am excited to lead the next chapter of innovation and opportunity at OIJIF.' OIJIF has recently received regulatory approval to launch its third fund, Oman-India Joint Investment Fund III (Fund III), a mid-market private equity fund, co-sponsored by the Oman Investment Authority and the State Bank of India. Fund III, with a target fund size of $250mn, will focus on investments across a wide range of sectors including consumer, financial services, healthcare, niche manufacturing, and technology. With Chavva's extensive experience and expertise in investment management, OIJIF believe it is poised to continue its growth trajectory and expand its impact across India's dynamic investment landscape. OIJIF said it is positive that under Chavva's leadership, the fund will continue to thrive, reach new milestones, and strengthen our partnerships. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
