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PIMCO Tactical Income Fund launches $80 million at-the-market offering

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.

Company

PIMCO Tactical Income Fund

Law Firm / Organization
Blake, Cassels & Graydon LLP

Bank

National Bank Financial Inc.

Law Firm / Organization
McCarthy Tétrault LLP
Public/Private Offering
Banking/Finance
$ 80,000,000
Active