PGP Statement on SEC Settlement
16 Junio 2023 - 4:14PM
Pacific Investment Management Company LLC (“PIMCO”), the investment
manager of PIMCO Global StocksPLUS® & Income Fund (NYSE: PGP),
a closed-end fund (“PGP” or the “Fund”), has entered into a
settlement with the U.S. Securities and Exchange Commission (“SEC”)
that relates to PGP.
The settlement, which contains SEC findings that
PIMCO neither admits nor denies, does not affect in any way PIMCO’s
ability to manage PGP or any other client fund or account. The
settlement relates to disclosures concerning paired interest rate
swaps used by PGP, which the SEC alleges became a more significant
source of the Fund’s current distributable income from September 1,
2014 through August 26, 2016. The disclosures in question
subsequently were updated in PGP’s fiscal year-end 2016 annual
shareholder report. PIMCO has agreed to pay the SEC $6.5 million in
monetary penalties to settle the matter. The settlement contains no
findings that PIMCO intended to mislead investors or breach any
law.
Additional Information
The common shares of the Fund trade on the New
York Stock Exchange. As with any stock, the price of the Fund’s
common shares will fluctuate with market conditions and other
factors. If you sell your common shares of the Fund, the price
received may be more or less than your original investment. Shares
of closed-end investment management companies, such as the Fund,
frequently trade at a discount from their net asset value and may
trade at a price that is less than the initial offering price
and/or the net asset value of such shares. Further, if the Fund’s
shares trade at a price that is more than the initial offering
price and/or the net asset value of such shares, including at a
substantial premium and/or for an extended period of time, there is
no assurance that any such premium will be sustained for any period
of time and will not decrease, or that the shares will not trade at
a discount to net asset value thereafter.
The Fund’s daily New York Stock Exchange closing
market prices, net asset values per share, as well as other
information, including updated portfolio statistics and performance
are available at pimco.com/closedendfunds or by calling the Fund’s
shareholder servicing agent at (844) 33-PIMCO. Updated portfolio
holdings information about the Fund will be available approximately
15 calendar days after the Fund’s most recent fiscal quarter end,
and will remain accessible until the Fund files a shareholder
report or a publicly-available Form N-PORT for the period that
includes the date of the information.
The Fund’s shares do not represent a deposit or
obligation of, and are not guaranteed or endorsed by, any bank or
other insured depository institution, and are not insured by the
FDIC, the Federal Reserve Board or any other government agency. You
may lose money by investing in the Fund.
An investor should consider, among other
things, the Fund’s investment objectives, risks, charges and
expenses carefully before investing. The Fund’s annual report
contains (or will contain) this and other information about the
Fund.
About PIMCO
PIMCO was founded in 1971 in Newport Beach, California and is
one of the world’s premier fixed income investment managers. Today
we have offices across the globe and 3,000+ professionals united by
a single purpose: creating opportunities for investors in every
environment. PIMCO is owned by Allianz S.E., a leading global
diversified financial services provider.
Except for the historical information and discussions contained
herein, statements contained in this news release constitute
forward-looking statements. These statements may involve a number
of risks, uncertainties and other factors that could cause actual
results to differ materially, including the performance of
financial markets, the investment performance of PIMCO’s sponsored
investment products and separately managed accounts, general
economic conditions, future acquisitions, competitive conditions
and government regulations, including changes in tax laws. Readers
should carefully consider such factors. Further, such
forward-looking statements speak only on the date at which such
statements are made. PIMCO undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after
the date of such statement.
This material has been distributed for informational purposes
only and should not be considered as investment advice or a
recommendation of any particular security, strategy or investment
product. No part of this material may be reproduced in any form, or
referred to in any other publication, without express written
permission. PIMCO is a trademark of Allianz Asset Management of
America L.P. in the United States and throughout the world. PIMCO
Investments LLC, 1633 Broadway, New York, NY 10019, is a company of
PIMCO. ©2023, PIMCO.
For information on the PIMCO Closed-End Funds:Financial
Advisors: (800) 628-1237Shareholders: (844) 337-4626 or (844)
33-PIMCOPIMCO Media Relations: (212) 597-1054
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