Liquidation: PIMCO CORPORATE & INCOME STRATEGY FUND

Form Type: N-CSRS

Filing Date: 2025-03-06

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525047471

Filing Summary: PIMCO Corporate & Income Strategy Fund reported an involuntary liquidation preference of Auction-Rate Preferred Shares (ARPS) which were redeemed at face value between November 4, 2024 and November 8, 2024. This redemption occurred because there was no active trading market for the ARPS, making it challenging to estimate their third-party market value. Consequently, as of the date of the report, the Funds no longer have outstanding ARPS, and the stands in liquidity and operations of the investment fund have potentially changed due to this process. The document discusses various investment strategies and associated risks under current economic conditions, including the impacts of rising interest rates and market volatility on fund performance and liquidity. The Fund has a history of adoptions and changes in investment guidelines relevant to the performance and management of the Fund and its assets.

Document Link: View Document