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On January 20, 2023, PIMCO Tactical Income Fund announced an $80 million at-the-market (ATM) offering of Class A Units, active until February 16, 2025, or upon reaching the full issuance target. Units are being sold on the TSX under the symbol "PTI.UN" at market prices, with National Bank Financial Inc. as the sole agent.
Proceeds support the Fund’s investment in global credit markets, emphasizing income generation and capital appreciation. Legal advisors include Blake, Cassels & Graydon LLP for the Fund and McCarthy Tétrault LLP for the agent. The agent earns a commission of up to 2.5% of gross proceeds.
Parties
Company
PIMCO Tactical Income Fund
Bank
National Bank Financial Inc.
Deal Type
Public/Private OfferingIndustry
Banking/FinanceTransaction
$ 80,000,000Deal Status
ActiveClosing Date