PIMCO Canada Announces Mergers of Certain Closed-end Funds
TORONTO, Sept. 05, 2024 (GLOBE NEWSWIRE) -- PIMCO Canada Corp. (“PIMCO Canada”) today announced its intention to merge three of its existing closed-end funds, PIMCO Tactical Income Fund (TSX: PTI), PIMCO Tactical Income Opportunities Fund (TSX: PTO) and PIMCO Multi-Sector Income Fund (TSX: PIX) (collectively, the “Existing Funds”) into a new closed-end fund that will be created for this purpose. PIMCO Canada expects that the new combined fund may benefit from larger economies of scale and increa