PIMCO Canada Corp. Unveils Exciting Quarterly ETF Distributions
Announcement of Quarterly Distributions by PIMCO Canada Corp.
PIMCO Canada Corp. has announced the third quarter cash distributions for the Exchange Traded Fund (ETF) series of its mutual funds. Unitholders of record of the ETF Series as of the close of business on September 19 will receive their cash distribution on or about September 29.
Distribution Details
Investors should take note of the following per- unit cash distribution amounts for the various funds:
- PIMCO Managed Conservative Bond Pool (Ticker: PCON) will distribute $0.17677 per unit.
- PIMCO Managed Core Bond Pool (Ticker: PCOR) will distribute $0.20875 per unit.
- PIMCO Canadian Core Bond Fund (Ticker: CORE) will distribute $0.1775 per unit.
Investment Management by PIMCO Canada
PIMCO Canada is dedicated to managing and administering its ETFs, with the support of Pacific Investment Management Company LLC (PIMCO) that provides sub-advisory services. This collaboration enhances the investment strategies and ensures effective management of the funds.
About PIMCO
PIMCO stands as a global leader in the active fixed income space, showcasing extensive knowledge across both public and private markets. The company invests its clients' capital into a diversifying range of fixed income and credit opportunities, leveraging decades of expertise in navigating intricate debt markets.
Through strategic partnerships and deep issuer relationships, PIMCO has established itself as a premier provider in delivering both traditional and non-traditional investment solutions to companies needing financing and investors pursuing robust risk-adjusted returns.
Understanding Investment Risks
Investing inevitably carries certain risks, and it is essential for potential investors to be mindful of these factors before proceeding. The fluctuations in market interest rates, performance of the funds, and changes in realized and projected market returns are all aspects that can influence the distribution rates of funds.
Particularly during times of falling interest rates, funds may experience declines in distributable income. This situation can arise if the fund's assets are invested in lower-yielding instruments, which may impact the overall returns to unitholders.
Performance Fluctuations
Various series of funds may have different fees and minimum investment requirements that can affect performance. Hence, understanding which series aligns best with an investor’s financial strategy is crucial.
It is recommended that individual investors collaborate with their financial professionals to ensure they're choosing the most suitable investment options for their unique circumstances. This point of contact is vital for determining how best to approach investments considering the current market landscape.
PIMCO Canada's Commitment to Transparency
PIMCO Canada is committed to maintaining high standards of transparency and communication with its investors. The funds' prospectus, which provides essential details about fund management and performance expectations, is readily accessible through authorized financial advisors.
Moreover, while PIMCO Canada retains responsibility for managing its investment strategies, the partnership with PIMCO LLC enables an optimal balance of oversight and expert advisory services, ensuring a comprehensive approach to fund management.
Company Contact Information
For further inquiries, PIMCO Canada Corp. can be reached at their Toronto office, located at 199 Bay Street, Suite 2050, Commerce Court Station, P.O. Box 363, Toronto, ON, M5L 1G2. Interested parties can call 416-368-3350 for assistance.
Media relations can be contacted via:
Agnes Crane
PIMCO – Media Relations
Phone: +212 597.1054
Frequently Asked Questions
What are the latest distributions announced by PIMCO Canada Corp.?
PIMCO Canada Corp. has announced distributions for its ETF series with amounts like $0.17677 for PCON and $0.20875 for PCOR.
How often does PIMCO Canada distribute its cash?
The cash distributions are made quarterly for the funds in the ETF series.
Who manages the ETFs for PIMCO Canada?
PIMCO Canada manages its ETFs and collaborates with PIMCO for sub-advisory services to ensure effective fund management.
What should investors consider before investing?
Investors should consider market risks, fund performance, and changes in market conditions that may impact distribution rates.
Where can I find more information about PIMCO funds?
The prospectus detailing investment strategies and fund performance is available through financial advisors.
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