PIMCO Multi-Sector Income Fund Class A (TSE:PIX.UN) has released an update.
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PIMCO Canada Corp. is set to merge three of its closed-end funds into a new entity, PIMCO Monthly Enhanced Income Fund, to improve liquidity and achieve economies of scale. The unitholders of the existing funds will vote on this merger on December 4, 2024. The costs of the merger will be covered by the manager, ensuring no financial burden on the unitholders.
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