PIMCO International Revenue Alternatives Fund Renews At-The-Market Fairness Program

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TORONTO, Feb. 18, 2025 (GLOBE NEWSWIRE) — PIMCO International Revenue Alternatives Fund (TSX: PGI.UN) (the “Fund”) introduced immediately that the Fund has renewed its at-the-market fairness program (the “ATM Program”). The ATM Program permits the Fund to subject Class A models of the Fund (the “Items”) having an mixture sale value of as much as $80,000,000, to the general public now and again, on the discretion of PIMCO Canada Corp. (the “Supervisor”). Any Items issued below the ATM Program will probably be offered on the prevailing market value on the time of sale by means of the Toronto Inventory Change (“TSX”) or every other market in Canada on which the Items are listed, quoted or in any other case traded. This ATM Program replaces the prior at-the-market fairness program of the Fund, which commenced on January 20, 2023 and expired on February 16, 2025.

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The amount and timing of distributions below the ATM Program, if any, will probably be decided on the Supervisor’s sole discretion. The ATM Program will probably be efficient till March 14, 2027, until terminated previous to such date by the Fund. The Fund intends to make use of the proceeds from the ATM Program in accordance with its funding aims, funding methods and funding restrictions.

Gross sales of Items by means of the ATM Program will probably be made pursuant to the phrases of an fairness distribution settlement entered into by the Fund (the “Fairness Distribution Settlement”), dated February 18, 2025, with Nationwide Financial institution Monetary Inc. (the “Agent”).

Gross sales of Items will probably be made by means of “at-the-market distributions” as outlined in Nationwide Instrument 44-102 Shelf Distributions on the TSX or on any market for the Items in Canada. Since Items will probably be distributed at prevailing market costs on the time of the sale, costs could differ amongst purchasers through the interval of distribution. The ATM Program is being provided pursuant to a prospectus complement dated February 18, 2025 (the “Prospectus Complement”) to the Fund’s brief type base shelf prospectus dated February 14, 2025 (the “Shelf Prospectus”).

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Copies of the Prospectus Complement, the Shelf Prospectus and the Fairness Distribution Settlement could also be obtained out of your registered monetary advisor utilizing the contact data for such advisor, or from representatives of the Agent, and can be found on SEDAR+ at www.sedarplus.ca.

The Supervisor retains Pacific Funding Administration Firm LLC (“PIMCO”), to offer funding administration companies to the Fund.

About
PIMCO

PIMCO is a worldwide chief in lively fastened earnings with deep experience throughout private and non-private markets. PIMCO invests their shoppers’ capital throughout a variety of fastened earnings and credit score alternatives, drawing upon PIMCO’s many years of expertise navigating complicated debt markets. PIMCO’s versatile capital base and deep relationships with issuers have helped PIMCO turn out to be one of many world’s largest suppliers of conventional and nontraditional options for corporations that want financing and buyers who search sturdy risk-adjusted returns.

This isn’t a suggestion to promote Items and never a solicitation of a suggestion to purchase Items in any area the place the provide or sale will not be permitted. Earlier than you make investments, you must rigorously learn the Fund’s disclosure paperwork and think about rigorously the dangers you assume while you spend money on the Items. There will be no assurance that the Fund will obtain its funding aims or be capable of construction its funding portfolio as anticipated. Copies of the Fund’s disclosure paperwork could also be obtained out of your monetary advisor.

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Ahead-Trying Statements

Sure statements included on this information launch represent forward-looking statements, together with, however not restricted to, these recognized by the expressions “count on”, “intend”, “will” and comparable expressions to the extent they relate to the Fund. The forward-looking statements will not be historic information however mirror the Fund, the Supervisor and/or PIMCO’s present expectations relating to future outcomes or occasions. These forward-looking statements are topic to a variety of dangers and uncertainties that might trigger precise outcomes or occasions to vary materially from present expectations, together with, however not restricted to, market elements. Though the Fund, the Supervisor and/or PIMCO believes that the assumptions inherent within the forward-looking statements are affordable, forward-looking statements will not be ensures of future efficiency and, accordingly, readers are cautioned to not place undue reliance on such statements because of the inherent uncertainty therein. The Fund, the Supervisor and/or PIMCO undertakes no obligation to replace publicly or in any other case revise any forward-looking assertion or data whether or not because of new data, future occasions or different elements which have an effect on this data, besides as required by legislation.

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You’ll normally pay brokerage charges to your vendor if you buy or promote Items on the TSX. If the Items are bought or offered on the TSX, buyers could pay greater than the present web asset worth when shopping for the Items and should obtain lower than the present web asset worth when promoting them. There are ongoing charges and bills related to proudly owning the Items. An funding fund should put together disclosure paperwork that include key details about the fund. You will discover extra detailed details about the Fund in these paperwork.

Funding funds will not be assured, their values change regularly and previous efficiency might not be repeated.

A brief type base shelf prospectus and a prospectus complement containing necessary detailed details about the securities being provided have been filed with securities commissions or comparable authorities in every of the provinces and territories of Canada. Copies of the Fairness Distribution Settlement, the brief type base shelf prospectus and the prospectus complement could also be obtained from the Agent. Buyers ought to learn the brief type base shelf prospectus and the prospectus complement earlier than investing resolution.

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PIMCO as a normal matter supplies companies to certified establishments, monetary intermediaries and institutional buyers. Particular person buyers ought to contact their very own monetary skilled to find out probably the most acceptable funding choices for his or her monetary state of affairs. This materials comprises the present opinions of the Supervisor and such opinions are topic to alter with out discover. This materials has been distributed for informational functions solely and shouldn’t be thought-about as funding recommendation or a suggestion of any explicit safety, technique or funding product. Info contained herein has been obtained from sources believed to be dependable, however not assured. No a part of this materials could also be reproduced in any type, or referred to in every other publication, with out categorical written permission. PIMCO is a trademark of Allianz Asset Administration of America LLC in america and all through the world. ©2025, PIMCO

The services supplied by PIMCO Canada Corp. could solely be accessible in sure provinces or territories of Canada and solely by means of sellers approved for that objective.
PIMCO Canada has retained PIMCO LLC as sub-adviser. PIMCO Canada will stay liable for any loss that arises out of the failure of its sub-adviser.

PIMCO Canada Corp. 199 Bay Avenue, Suite 2050, Commerce Court docket Station, P.O. Field 363, Toronto, ON, M5L 1G2, 416-368-3350.

Contact:
Agnes Crane
PIMCO – Media Relations
Ph. 212-597-1054
E mail: Agnes.Crane@pimco.com

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