Business News • MarketWire • PIMCO Corporate & Income Opportunity Fund Announces Final Results of Tender Offer for Auction Rate Preferred Shares |
PIMCO Corporate & Income Opportunity Fund Announces Final Results of Tender Offer for Auction Rate Preferred Shares |
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PIMCO Corporate & Income Opportunity Fund Announces Final Results of Tender Offer for Auction Rate Preferred Shares
NEW YORK, NY--(Marketwired - Feb 27, 2015) - PIMCO Corporate & Income Opportunity Fund (NYSE: PTY) (the "Fund") today announced the expiration and final results for its issuer tender offer (the "Tender Offer") for up to 100% of the Fund's outstanding auction rate preferred shares ("ARPS") at a price equal to 87% of the ARPS' per share liquidation preference of $25,000 per share (or $21,750 per share), and any unpaid dividends accrued through the expiration date of the Tender Offer. In addition, each tendering ARPS holder will receive one non-transferrable contingent payment right as described in the Fund's Offer to Purchase. The Fund's Tender Offer expired on February 27, 2015 at 5:00 p.m. New York City time. All ARPS that were validly tendered and not withdrawn during the offering period have been accepted for payment.
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