Tender Offers for PIMCO Flexible Real Estate Income Fund

Form Type: N-23C3A

Filing Date: 2025-01-06

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312525002000

Comments: On January 6, 2025, PIMCO Flexible Real Estate Income Fund (REFLX) issued a notification regarding a quarterly repurchase offer under Rule 23c-3. The Fund offers to repurchase up to 5% of its outstanding shares, specifically targeting liquidity for shareholders as the shares are not redeemable daily and are not publicly traded. Shareholders have the option to tender their shares for repurchase without incurring fees from the Fund, although transaction fees may apply if shares are held through intermediaries. The submission period for repurchase requests will run from January 6, 2025, until February 7, 2025, with repurchases occurring at the net asset value (NAV) as of that date. The notice details the procedures and deadlines for submitting repurchase requests, including conditions for pro-rata repurchase if the response exceeds the offer amount. There is an emphasis on tax implications, advising shareholders to consult their financial advisors. The NAV of the shares was reported as $10.48 as of January 2, 2025, for both Institutional and Class F shares. Shareholders are reminded that this repurchase event is a taxable event, and the Fund reserves the right to postpone or suspend the offer under specific conditions.

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