NEW YORK, Aug. 14, 2023 (GLOBE NEWSWIRE) -- PIMCO Corporate & Income Opportunity Fund (
NYSE: PTY), PIMCO Corporate & Income Strategy Fund (
NYSE: PCN), PIMCO High Income Fund (
NYSE: PHK), PIMCO Income Strategy Fund (
NYSE: PFL), PIMCO Income Strategy Fund II (
NYSE: PFN), PIMCO California Municipal Income Fund (
NYSE: PCQ), PIMCO California Municipal Income Fund II (
NYSE: PCK), PIMCO California Municipal Income Fund III (
NYSE: PZC), PIMCO Municipal Income Fund (
NYSE: PMF), PIMCO Municipal Income Fund II (
NYSE: PML), PIMCO Municipal Income Fund III (
NYSE: PMX), PIMCO New York Municipal Income Fund (
NYSE: PNF), PIMCO New York Municipal Income Fund II (
NYSE: PNI) and PIMCO New York Municipal Income Fund III (
NYSE: PYN) (each, a “Fund” and, together, the “Funds”) today announced that each Fund has commenced a voluntary tender offer (each, a “Tender Offer” and, together, the “Tender Offers”) for up to 100% of its outstanding auction rate preferred shares (“ARPS”) at a price equal to 96%, with respect to PTY, 93.25%, with respect to PCN and PHK, 94.25%, with respect to PFL and PFN, and 94.5% with respect to PCQ, PCK, PZC, PMF, PML, PMX, PNF, PNI and PYN, of the ARPS’ per share liquidation preference of $25,000 per share (or $24,000 per share for PTY, $23,312.50 per share for PCN and PHK, $23,562.50 per share of PFL and PFN, and $23,625 per share for PCQ, PCK, PZC, PMF, PML, PMX, PNF, PNI, and PYN) and any unpaid dividends accrued through the expiration date of the Tender Offer. Each Fund's Tender Offer will expire at 5:00 P.M., New York City Time, on September 18, 2023, unless the Tender Offer is extended.
