Exchange Bulletin
PIMCO Multi-Sector Income Fund (PIX.UN) To Trade On Toronto Stock Exchange
March 8, 2022
| Issuer: | PIMCO Multi-Sector Income Fund (the "Fund") |
| Security: | Class A units (the "Units") |
| Symbol: | PIX.UN |
| Issued and outstanding securities: | 65,000,000 |
| Reserved securities: | 16,000,000 |
| Issue price: | $10.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of Units (the "Offering") |
| Listing date: | March 9, 2022 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | March 10, 2022 |
| Posted for trading date: | March 10, 2022 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Temporary market maker: | Independent Trading Group |
| Security ownership registration: | CDS book-entry system and Non-Certificated Issue |
| Investor relations: | Agnes Crane Media Relations (347) 952-8954 acrane@pimco.com |
| Incorporation: | An investment fund established as a trust under the laws of the Province of Ontario pursuant to a declaration of trust dated January 26, 2022. |
| Manager and Trustee: | PIMCO Canada Corp. |
| Fiscal year end: | December 31 |
| Nature of business: | The Fund seeks to provide holders of Units with current income as a primary objective and capital appreciation as a secondary objective, through various market cycles, by utilizing a dynamic asset allocation strategy among multiple sectors in the global credit markets, including corporate debt, mortgage-related and other asset-backed securities, government and sovereign debt, municipal bonds, other fixed-, variable- and floating-rate income-producing securities of U.S. and global issuers, including emerging market issuers, and real estate-related investments. The Fund has been created to invest in an actively managed portfolio of (i) debt obligations and other income-producing securities and instruments of any type and credit quality with varying maturities and related derivatives, and (ii) real estate-related investments. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Distributions | The Fund does not have a fixed monthly distribution amount. The Fund intends to provide Unitholders with monthly cash distributions. While the Fund will not have a fixed distribution, distributions are initially targeted to be 5.5% to 6.25% per annum on the initial NAV of $10.00 per Unit (approximately $0.04583 to $0.05208 per Unit per month or $0.55 to $0.625 per annum). The initial cash distribution of $0.04583 to $0.05208 per Unit will be payable to Unitholders of record on May 31, 2022 and is expected to be paid on or about June 15, 2022. |
| Sponsorship: | Not applicable |
| Disclosure document: | Prospectus dated February 17, 2022, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Disclosure document. |
| Initial public offering: | Pursuant to the terms of the Prospectus, a maximum of 65,000,000 Units (and a minimum of 5,000,000 Units) at a price of $10.00 per Unit, are being offered to the public. In addition, the underwriters have been granted an over-allotment option to purchase up to an additional 9,750,000 Units from treasury at the Offering price. |
| TSX contact: | Selma Thaver, Director, TSX Listings. |