PIMCO Tactical Income Fund Class A (TSE:PTI.UN) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
PIMCO Canada Corp. has announced the proposal to merge its closed-end funds into a new fund called PIMCO Monthly Enhanced Income Fund, aiming to increase market liquidity and achieve economies of scale. The merger will not incur costs for unitholders, as all expenses will be covered by the management. Special meetings for unitholders to vote on this proposal are scheduled for December 4, 2024.
For further insights into TSE:PTI.UN stock, check out TipRanks’ Stock Analysis page.