Liquidation: PIMCO HIGH INCOME FUND

Form Type: N-CSRS

Filing Date: 2025-03-06

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525047431

Filing Summary: On November 8, 2024, PIMCO High Income Fund completed the redemption of each outstanding series of Auction-Rate Preferred Shares (ARPS) at their full liquidation preference. The redemption followed a period where there was no active trading market for the ARPS, and valuation was uncertain. The ARPS liquidation value coincided with its face value and reflected amounts that included potential unpaid dividends. This action signifies the Fund's commitment to restructure and improve its liquidity position, ensuring financial stability amidst market fluctuations and rising interest rates. Moreover, the Fund is adjusting its investment strategies in light of changing market conditions, particularly towards increased risks associated with interest rates as the Federal Reserve continues to influence economic stability through rate changes. It positions itself as diversifying accordingly with adjustments based on regulatory changes and market performances indicated in investor reports.

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