Business News • MarketWire • PIMCO High Income Fund and PIMCO Corporate & Income Strategy Fund Announce Final Results of Tender Offers for Auction Rate Preferred Shares |
PIMCO High Income Fund and PIMCO Corporate & Income Strategy Fund Announce Final Results of Tender Offers for Auction Rate Preferred Shares |
|
|
PIMCO High Income Fund and PIMCO Corporate & Income Strategy Fund Announce Final Results of Tender Offers for Auction Rate Preferred Shares
NEW YORK, NY--(Marketwired - Nov 20, 2015) - PIMCO High Income Fund (NYSE: PHK) and PIMCO Corporate & Income Strategy Fund (NYSE: PCN) (each, a "Fund" and, together, the "Funds") today announced the expiration and final results for their issuer tender offers (each, a "Tender Offer" and, together, the "Tender Offers") for up to 100% of each Fund's outstanding auction rate preferred shares ("ARPS") at a price equal to 83%, with respect to PHK, and 82.5%, with respect to PCN, of the ARPS' per share liquidation preference of $25,000 per share (or $20,750 per share for PHK and $20,625 per share for PCN) and any unpaid dividends accrued through the expiration date of the Tender Offers. The Funds' Tender Offers expired on November 20, 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 All ARPS that were validly tendered and not withdrawn during the offering period have been accepted for payment.
View More : http://www.marketwired.com/mw/release.do?id=2076013&sourceType=3
|
|
|