PIMCO Canada announces revised termination date for PIMCO Balanced Income Fund (Canada)
TORONTO, ONTARIO (June 16, 2020) – PIMCO Canada Corp. (“PIMCO Canada”), the manager of the PIMCO Canada Funds, has decided to extend the termination date for PIMCO Balanced Income Fund (Canada) (the “Fund”). PIMCO Canada has now determined that the termination will occur on or about October 30, 2020.
PIMCO Canada had previously announced by way of press release dated June 5, 2020 that the termination of the Fund would occur on or about August 28, 2020.
PIMCO Canada made the determination to extend the termination date in order to give investors more time to decide how to reinvest their proceeds.
Investors may redeem their units of the Fund, or switch their units into the same series of another PIMCO Canada mutual fund, up to the close of business on October 30, 2020. PIMCO Canada will waive any redemption fees, sales charges or short-term trading fees for redemptions of units of the Fund. The Fund is closed to new purchases, and the Fund’s units will no longer be switched under PIMCO Canada’s Fee Alignment Program. PIMCO Canada will send notice to each investor in the Fund regarding the termination.
For further information on PIMCO Canada and the PIMCO mutual funds, please visit www.pimco.ca or call us at 1 866 341 3350 (416 368 3350 in Toronto).
