Tender Offer - PIMCO HIGH INCOME FUND

Form Type: 424B5

Filing Date: 2025-04-15

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312525080459

Filing Summary: PIMCO High Income Fund has entered into a Sales Agreement with JonesTrading Institutional Services LLC to offer and sell common shares of beneficial interest, with an aggregate offering price of up to $350,000,000. As of March 31, 2025, the Fund sold an aggregate of 30,542,581 common shares in prior offerings, generating net proceeds of $149,298,758. The common shares are listed on the New York Stock Exchange under the symbol 'PHK.' The latest sale price was reported at $4.89 per share, with a net asset value (NAV) at $4.65 per share. The Fund, initiated in 2003, aims to provide high current income and capital appreciation, utilizing a diversified strategy across multiple fixed income sectors. Notably, the Fund recently completed a tender offer for preferred shares in April 2024, after which no preferred shares remain outstanding as of this filing. The document highlights the risks associated with investments in the Fund, particularly those regarding high yield securities and foreign investments.