Exchange Bulletin
PIMCO Tactical Income Fund (PTI.UN) To Trade On Toronto Stock Exchange
October 16, 2020
Issuer: PIMCO Tactical Income Fund (the "Fund")
| Security | Symbol | Issued and Outstanding Securities | Reserved Securities | Issue 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 |