Tender Offers for PIMCO Access Income Fund

Form Type: N-2/A

Filing Date: 2024-12-23

Corporate Action: Tender-offer

Type: Update

Accession Number: 000119312524283325

Comments: The PIMCO Access Income Fund filed an N-2/A form indicating its intention to conduct an Eligible Tender Offer for all outstanding Common Shares. The transaction will occur within twelve months prior to the expected dissolution date of January 27, 2034. The Offer will be at a price equal to the net asset value per share. The Fund must maintain a minimum net asset threshold of $200 million to assure its viability post-tender offer. It highlights the risks associated with their strategy, including leverage and potential illiquidity in below investment grade debt securities. The document details the fund's investment strategy aimed at achieving current income alongside capital appreciation, specifically noting that a significant portion of investments will be in non-investment grade assets. Additionally, it discusses the management fees, the impact of leverage on investment performance, and the nature of the financial instruments utilized in the Fund's investment strategy.

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