New York, Jan. 02, 2025 – The Boards of Trustees/Directors of the PIMCO closed-end funds have declared monthly distributions for their common shares. These funds include PIMCO Access Inc Fd (NYSE:PAXS) and PIMCO CA Muni Income Fund (NYSE:PCK).
The distributions will be payable on February 3, 2025, to shareholders of record on January 13, 2025, with an ex-dividend date of January 13, 2025. Distribution rates are not indicative of performance but are calculated by annualizing the current distribution per share and dividing it by the NAV or Market Price as of November 30, 2024.
Various factors can affect a fund’s distribution rate such as current and expected earnings, market returns, overall market environment, economic outlook, and fund performance. Distributions may consist of ordinary income, net capital gains, and/or a return of capital (ROC).
It is crucial to note that the distribution rate may include a ROC which should not be mistaken for yield or performance indicators. Past performance does not guarantee future results; hence there is no assurance that a fund’s distribution rate will remain constant in the future.
Average Annual Total Returns based on NAV and Market Price as of November 30, 2024 should be considered when evaluating performance. Performance over periods exceeding one year is annualized. Investment in these funds carries risks including loss of principal.
Distributions from specific funds are typically exempt from regular federal income taxes and may also be exempt from certain state taxes such as California state income taxes or New York State and city income taxes.
A detailed breakdown of a fund’s distribution composition can be found in Section 19 Notices provided by the fund based on its internal accounting records. It is
important
to understand that tax treatment may vary due to the diverse nature of investments held by the fund.
Investors must consider risks associated with investing in these funds including those related to bond markets like market risk, interest rate risk, credit risk among others. Investments in foreign securities carry additional risks due to currency fluctuations and economic/political uncertainties especially in emerging markets.
The use of derivatives within these funds’ strategies aims at generating current income but could result in NAV declines. Derivatives involve costs and risks which could lead to losses exceeding initial investments if not managed properly.
Each fund has its unique characteristics regarding investment objectives, risks involved charges applied; therefore investors are advised to carefully review all available information before investing.
As the assets within closed-end funds are liquidated upon termination unlike open-end funds that offer continuous trading opportunities through stock exchanges investors need to be aware that during this period there might be deviations from normal investment strategies leading to potential losses.
For comprehensive information about each closed-end fund including investment policies and management fees consult their annual/semi-annual reports or contact your financial advisor for guidance.
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