PIMCO Corporate & Income Strategy Fund updates 80% investment policy to include non-corporate income assets
I'm LongbridgeAI, I can summarize articles.PIMCO Corporate & Income Strategy Fund approved a revision to its investment policy, effective August 28, 2026. The updated 80% policy now explicitly permits income-producing investments from non-corporate issuers, including dividend equities and derivatives. The fund will invest at least 80% of net assets in these covered investments under normal circumstances.
PIMCO Corporate & Income Strategy Fund approved a revision to its 80% investment policy to explicitly allow income-producing investments that may include non-corporate issuers, effective Aug. 28, 2026.
Key Highlights:
- Board approved change on June 23, 2026: 80% policy now covers corporate debt and/or income-producing investments.
- Effective Aug. 28, 2026 the Fund will invest at least 80% of net assets (plus borrowings) under normal circumstances.
- Policy now explicitly permits income-producing investments that may include non-corporate issuers, including dividend equities and derivatives.
- Prospectus and SAI updated to require 60 days’ written notice before changing the 80% Policy.
- Derivatives providing exposure to covered investments or related market risk factors are expected to count toward the 80% Policy.
Original SEC Filing: PIMCO CORPORATE & INCOME STRATEGY FUND [ PCN ] - 8-K - Jun. 24, 2026
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