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Press Release

PIMCO Canada announces changes to PIMCO Canadian Total Return Bond Fund including new ETF Series

TORONTO, ONTARIO (July 26, 2024) – PIMCO Canada Corp. (“PIMCO Canada”), the manager of the PIMCO Canadian Total Return Bond Fund (the “Fund”), today announced several changes affecting the Fund.

Effective August 16, 2024, the name of the Fund will be changed to PIMCO Canadian Core Bond Fund. In addition:

  • the management fee payable with respect to Series F units will be reduced from 0.50% to 0.29%;
  • the management fee payable with respect to Series A units will be reduced from 1.00% to 0.79%;
  • Series O and Series M units will be redesignated as Series A and Series F units, respectively; and
  • the Fund will create exchange-traded fund series units (the “ETF Series Units”), and has applied to list the ETF Series Units (TSX: CORE) on the Toronto Stock Exchange (“TSX”).

Listing of the ETF Series Units is subject to the approval of the TSX in accordance with its original listing requirements. The TSX has not conditionally approved the listing application and there is no assurance that the TSX will approve the listing application. Subject to receiving conditional approval and satisfying the TSX’s original listing requirements with respect to the ETF Series Units of the Fund, and a receipt being issued for an amended and restated simplified prospectus offering the ETF Series Units of the Fund by the securities regulatory authorities, the ETF Series Units of the Fund will be listed on the TSX on or about August 16, 2024.

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).

About PIMCO

PIMCO is one of the world’s premier fixed income investment managers.  With its launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 50+ years since, the firm continued to bring innovation and expertise to our partnership with clients seeking the best investment solutions. Today PIMCO has offices across the globe and 2,500+ professionals united by a single purpose: creating opportunities for investors in every environment. PIMCO is owned by Allianz SE, a leading global diversified financial services provider.

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