PIMCO Energy and Tactical Credit Opportunities Fund Declares Special Year-End Distributions
06 Décembre 2019 - 10:36PM
The Board of Trustees of PIMCO Energy and Tactical Credit
Opportunities Fund (the “Fund”) (NYSE: NRGX) has declared a special
year-end distribution as summarized below. The distributions are
payable on December 23, 2019 to shareholders of record on December
16, 2019, with an ex-dividend date of December 13, 2019. In
addition to the regular quarterly dividend, this special year-end
distribution is being paid to allow the Fund to meet its 2019
distribution requirement for federal excise tax purposes. The
Fund’s total distribution will be taxable to shareholders in 2019.
Distribution Per Share |
|
Net Income |
Short-Term Capital Gains |
Long-Term Capital Gains |
Total |
$0.0000 |
$0.2800 |
$0.0000 |
$0.2800 |
|
|
|
|
Distributions may include ordinary income, net
capital gains and/or returns of capital. Generally, a return of
capital occurs when the amount distributed by the Fund includes a
portion of (or is comprised entirely of) your investment in the
Fund in addition to (or rather than) your pro-rata portion of the
Fund’s net income or capital gains. The Fund’s distributions in any
period may be more or less than the net return earned by the Fund
on its investments, and therefore should not be used as a measure
of performance or confused with “yield” or “income.” A return of
capital is not taxable; rather it reduces a shareholder’s tax basis
in his or her shares of the Fund. If the Fund estimates that a
portion of its distribution may be comprised of amounts from
sources other than net investment income, the Fund will notify
shareholders of the estimated composition of such distribution
through a separate written Section 19 notice. Such notices are
provided for informational purposes only, and should not be used
for tax reporting purposes. Final tax characteristics of Fund
distributions will be provided on Form 1099-DIV, which is mailed
after the close of the calendar year.
It is important to note that differences exist
between the Fund’s daily internal accounting records and practices,
the Fund’s financial statements prepared in accordance with U.S.
GAAP, and recordkeeping practices under income tax regulations. It
is possible that the Fund may not issue a Section 19 Notice in
situations where the Fund’s financial statements prepared later and
in accordance with U.S. GAAP and/or the final tax character of
those distributions might later report that the sources of those
distributions included capital gains and/or a return of capital.
Please see the Fund’s most recent shareholder report for more
details.
The Fund’s distribution rate may be affected by
numerous factors, including changes in realized and projected
market returns, Fund performance, and other factors. There can be
no assurance that a change in market conditions or other factors
will not result in a change in the Fund’s distribution rate at a
future time.
The Fund may engage in investment strategies,
including the use of derivatives, to, among other things, seek to
generate current, distributable income even if such strategies
could potentially result in declines in the Fund’s net asset value.
The Fund’s income and gain-generating strategies, including certain
derivatives strategies, may generate current income and gains
taxable as ordinary income sufficient to support monthly
distributions even in situations when the Fund has experienced a
decline in net assets, including losses due to adverse changes in
the broad U.S. or non-U.S. equity markets or the Fund’s debt
investments, or arising from its use of derivatives. The tax
treatment of certain derivatives may be open to different
interpretations. Any recharacterization of payments made or
received by the Fund pursuant to derivatives potentially could
affect the amount, timing or character of Fund distributions. In
addition, the tax treatment of such investment strategies may be
changed by regulation or otherwise.
As with any stock, the price of the Fund’s
common shares will fluctuate with market conditions and other
factors. Shares of closed-end management investment companies
frequently trade at a price that is less than (a “discount”) or
more than (a “premium”) their net asset value. If the Fund’s shares
trade at a premium to net asset value, there is no assurance that
any such premium will be sustained for any period of time and will
not decrease, or that the shares will not trade at a discount to
net asset value thereafter.
The Fund expects to apply for an order granting
an exemption from Section 19(b) of the Investment Company Act of
1940 (the “1940 Act”) and Rule 19b-1 thereunder to permit the Fund
to include realized long-term capital gains as a part of its
regular distributions to common shareholders more frequently than
would otherwise be permitted by the 1940 Act (generally once per
taxable year). There is no assurance that the Securities and
Exchange Commission will grant the Fund’s request for such an
exemptive order if such a request is made. If the Fund were to
receive the exemptive order discussed above, the Fund may, but will
not necessarily, seek to pay distributions generally at a rate
based on a fixed percentage of the common shares’ net asset value
at a particular time (a “managed distribution policy”). Any such
managed distribution policy may be modified by the Board of
Trustees of the Fund from time to time. If the Fund were to seek to
make distributions under a managed distribution policy, it would
typically be intended to result in the payment of approximately the
same percentage of the Fund’s net asset value to common
shareholders each period.
The Fund’s daily New York Stock Exchange closing
market prices, net asset values per share, as well as other
information, including updated portfolio statistics and performance
are available at pimco.com/closedendfunds or by calling the Fund’s
shareholder servicing agent at (844) 33-PIMCO. Updated portfolio
holdings information about the Fund will be available approximately
15 calendar days after the Fund’s most recent fiscal quarter end,
and will remain accessible until the Fund files a Form N-Q or a
shareholder report for the period which includes the date of the
information.
About PIMCO
PIMCO is one of the world’s premier fixed income
investment managers. With our launch in 1971 in Newport Beach,
California, PIMCO introduced investors to a total return approach
to fixed income investing. In the 45+ years since, we have
continued to bring innovation and expertise to our partnership with
clients seeking the best investment solutions. Today we have
offices across the globe and 2,150+ professionals united by a
single purpose: creating opportunities for investors in every
environment. PIMCO is owned by Allianz S.E., a leading global
diversified financial services provider.
Except for the historical information and
discussions contained herein, statements contained in this news
release constitute forward-looking statements. These statements may
involve a number of risks, uncertainties and other factors that
could cause actual results to differ materially, including the
performance of financial markets, the investment performance of
PIMCO's sponsored investment products and separately managed
accounts, general economic conditions, future acquisitions,
competitive conditions and government regulations, including
changes in tax laws. Readers should carefully consider such
factors. Further, such forward-looking statements speak only on the
date at which such statements are made. PIMCO undertakes no
obligation to update any forward-looking statements to reflect
events or circumstances after the date of such statement.
This material has been distributed for
informational purposes only and should not be considered as
investment advice or a recommendation of any particular security,
strategy or investment product. No part of this material may be
reproduced in any form, or referred to in any other publication,
without express written permission. PIMCO is a trademark of Allianz
Asset Management of America L.P. in the United States and
throughout the world. ©2019, PIMCO
For information on PIMCO Closed-End
Funds:Financial Advisors: (800) 628-1237 Shareholders: (844)
337-4626 or (844) 33-PIMCOPIMCO Media Relations: (212) 597-1054
PIMCO Energy and Tactica... (NYSE:NRGX)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
PIMCO Energy and Tactica... (NYSE:NRGX)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024