UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 8.01 | Other Events. |
Effective October 27, 2023, the Fund’s investment guideline limiting the Fund’s investments in illiquid investments to 15% of the Fund’s total assets is removed. The supplement to the Fund’s prospectus and statement of additional information disclosing this change is attached hereto as Exhibit 99.1.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| 99.1 | Supplement, dated September 26, 2023 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PIMCO Corporate & Income Strategy Fund | ||
| By: | /s/ Ryan G. Leshaw | |
| Name: | Ryan G. Leshaw | |
| Title: | Chief Legal Officer | |
Date: September 26, 2023
PIMCO CORPORATE & INCOME STRATEGY FUND
(the “Fund”)
Supplement dated September 26, 2023 to the Fund’s Prospectus and Statement of Additional
Information dated December 1, 2020, each as supplemented from time to time
(respectively, the “Prospectus” and the “SAI”)
Effective October 27, 2023, the Fund’s investment guideline limiting the Fund’s investments in illiquid investments to 15% of the Fund’s total assets is removed. Accordingly, effective as of that date, (i) the second paragraph of the “Portfolio Contents” section on the cover pages of the Prospectus; (ii) the sixth paragraph of the “Prospectus Summary – Portfolio Contents” and “Portfolio Contents” sections of the Prospectus; and (iii) the first sentence of the first paragraph of the “Investment Objective and Policies – Illiquid Investments” section of the SAI are deleted and replaced with the following:
The Fund may invest without limit in illiquid investments.
In addition, effective October 27, 2023, the last sentence of the first paragraph of the “Principal Risks of the Fund – Liquidity Risk” section of the Prospectus is deleted and replaced with the following:
In such cases, the Fund, due to the difficulty in purchasing and selling such securities or instruments, may be unable to achieve its desired level of exposure to a certain sector.
In addition, effective October 27, 2023, the last sentence of the second paragraph of the “Investment Objective and Policies – Mortgage Dollar Rolls” section of the SAI is deleted and replaced with the following:
Furthermore, because dollar roll transactions may be for terms ranging between one and six months, dollar roll transactions may be deemed “illiquid.”
Investors Should Retain This Supplement for Future Reference
PCN_SUPP2_092623