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PIMCO Dynamic Credit and Mortgage Income Fund
Ticker Symbol: PCI* CUSIP: 72202D106 Exchange: NYSE
* NOTE: This security is no longer trading as of 12/13/2021
Company's Online Profile
FUND DESCRIPTION: PIMCO Dynamic Credit and Mortgage Income Fund, formerly PIMCO Dynamic Credit Income Fund, is an exchange-traded closed-end fund or a closed-end ETF which is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The PIMCO Dynamic Credit and Mortgage Income Fund seeks current income as a primary objective and capital appreciation as a secondary objective. FUND STRATEGY: The Fund will seek to achieve its investment objectives by utilizing a dynamic asset allocation strategy among multiple fixed-income sectors in the global credit markets, including corporate debt, mortgage-related and other asset-backed securities, government and sovereign debt, taxable municipal bonds and other fixed-, variable- and floating-rate income-producing securities of U.S. and foreign issuers, including emerging market issuers. The Fund may invest in investment grade debt securities and below investment grade debt securities (commonly referred to as high yield securities or junk bonds), including securities of stressed issuers. The Fund will be managed according to strategies that focus on credit quality, duration management and other risk management techniques. The sub-adviser employs an active approach to allocation among multiple fixed-income sectors based on, among other things, market conditions, valuation assessments and economic outlook, credit market trends and other economic factors. The Fund will focus on seeking the best income generating investment ideas across multiple fixed income sectors, with an emphasis on seeking opportunities in developed and emerging global credit markets. The Fund intends, subject to favorable market conditions, to add leverage to its portfolio by utilizing reverse repurchase agreements, dollar rolls or borrowings, such as through bank loans or commercial paper and/or other credit facilities, such that the leverage initially obtained represents approximately 30% of the Fund’s total assets. The Fund may also enter into transactions that may give rise to a form of leverage including, among others, futures and forward contracts (including foreign currency exchange contracts), credit default swaps, total return swaps and other derivative transactions, loans of portfolio securities, short sales and when-issued, delayed delivery and forward commitment transactions. FUND MANAGEMENT: Allianz Global Investors Fund Management LLC serves as the Fund's investment manager and is responsible for managing, either directly or through others selected by it, the investment activities of the Fund, the Fund’s business affairs and other administrative matters. Pacific Investment Management Company LLC (PIMCO) serves as the sub-adviser to the Fund and is responsible for managing the Fund’s portfolio investments.
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Notes: The PIMCO Dynamic Credit and Mortgage Income Fund reorganized with and into PIMCO Dynamic Income Fund on 10 December 2021.
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IPO - 1/30/2013 - 121.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Name: PIMCO Dynamic Credit Income Fund Changed: 7/29/2016
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 1633 Broadway, New York, NY 10019 |
| Main Phone Number |
212-739-3371 |
| Fax Number |
Not Available |
| Investor Contact
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844-337-4626
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| Toll Free Phone Number |
844-337-4626 |
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