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Exchange Bulletin

PIMCO Tactical Income Fund (PTI.UN) To Trade On Toronto Stock Exchange


October 16, 2020

Issuer: PIMCO Tactical Income Fund (the "Fund")

SecuritySymbolIssued and Outstanding SecuritiesReserved SecuritiesIssue Price
Class A units
(the "Units")
PTI.UN Up to 87,500,000 13,125,000 $10.00
Listing category: Non-Corporate
Trading currency: CDN$
Transaction: Initial public offering of Units (the "Offering")
Listing date: October 19, 2020 (as at 5:01 pm) in anticipation of closing of the Offering.
Anticipated closing date: October 20, 2020
Posted for trading date: October 20, 2020 (at the opening) subject to confirmation of closing of the Offering.
Other market(s): None
Temporary market maker: W.D. Latimer Co. Ltd.
Security ownership registration: CDS book-entry system
Investor relations: Agnes Crane
Media Relations
(347) 952-8954
acrane@pimco.com 
Incorporation: An investment fund established as a trust under the laws of the Province of Ontario pursuant to a master trust agreement dated as of February 26, 2014, as amended by the amended and restated supplemental trust agreement dated as of September 25, 2020.
Manager: PIMCO Canada Corp.
Trustee: State Street Trust Company Canada
Fiscal year end: December 31
Nature of business: The Fund seeks to provide holders of Units with current income as a primary objective and capital appreciation as a secondary objective, through various market cycles, by utilizing a dynamic asset allocation strategy among multiple sectors in the global credit markets, including corporate debt, mortgage-related and other asset-backed securities, government and sovereign debt, taxable municipal bonds, other fixed-, variable- and floating-rate income-producing securities of U.S. and global issuers, including emerging market issuers, and real estate-related investments. The Fund has been created to invest in an actively managed portfolio of (i) debt obligations and other income-producing securities and instruments of any type and credit quality with varying maturities and related derivatives, and (ii) real estate-related investments.
Transfer agent and registrar: AST Trust Company (Canada) at its principal office in Toronto.
Distributions The Fund does not have a fixed monthly distribution amount. The Fund intends to provide Unitholders with monthly cash distributions. While the Fund will not have a fixed distribution, distributions are initially targeted to be 6.0% to 6.5% per annum on the initial NAV of $10.00 per Class A Unit (approximately $0.05 to $0.05417 per Class A Unit per month or $0.60 to $0.65 per annum). The initial cash distribution of $0.05 to $0.05417 per Class A Unit will be payable to Unitholders of record on December 31, 2020 and is expected to be paid on or about January 15, 2021.
Sponsorship: Not applicable
Disclosure document: Prospectus dated September 25, 2020, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Disclosure document.
Initial public offering: Pursuant to the terms of the Prospectus, a maximum of 87,500,000 Units (and a minimum of 10,000,000 Units) at a price of $10.00 per Unit, are being offered to the public.
TSX contact: Chris Birkett,
Managing Director,
Toronto Stock Exchange