Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
March 30 2022 - 4:05PM
Edgar (US Regulatory)
PIMCO CORPORATE & INCOME OPPORTUNITY FUND
(the Fund)
Supplement dated March 30, 2022 to the Funds Prospectus and Statement of Additional
Information dated November 23, 2020, each as supplemented from time to time
(respectively, the Prospectus and the SAI)
On March 25, 2022, the Funds Board of Trustees (the Board) approved a change to the Funds
fiscal year end from July 31 to June 30, beginning with the current fiscal year, which will now end on June 30, 2022, effective April 1, 2022. The change will be reflected in the Funds annual report on Form N-CSR for the period August 1, 2021 to June 30, 2022.
In addition, on
March 25, 2022, the Board approved the removal of the Funds non-fundamental investment guideline limiting the Funds investments in securities denominated in foreign (non-U.S.) currencies to 25% of the Funds total assets, effective April 29, 2022. Accordingly, effective April 29, 2022, the fifth sentence of the first paragraph of the Portfolio
Contents section on the cover pages of the Prospectus is deleted and replaced with the following:
The Fund may invest without limit in non-U.S. dollar denominated
securities (of both developed and emerging market countries).
In addition, effective April 29, 2022,
(i) the first sentence of the second paragraph of the Prospectus Summary Portfolio Contents and Portfolio Contents sections of the Prospectus; (ii) the third sentence of the first paragraph of the
Portfolio Contents Foreign (Non-U.S.) Investments section of the Prospectus; and (iii) the first sentence of the first paragraph of the Investment Objective and
Policies Foreign (Non-U.S.) Securities section of the SAI are deleted and replaced with the following:
Subject to the limitations set forth in this prospectus, including the limit on investments in emerging
market securities and instruments, the Fund may invest without limit in non-U.S. dollar denominated securities (of both developed and emerging market countries), including obligations of non-U.S. governments and their respective sub-divisions, agencies and government-sponsored enterprises.
In addition, effective April 29, 2022, the last sentence of the first paragraph of the Investment Objectives and
Policies Bank Obligations section of the SAI is deleted and replaced with the following:
Subject to any other investment limitations applicable to the Fund, including the limitation on concentration
of more than 25% of its net assets in the securities of issuers in a particular industry, the Fund may invest without limit in obligations of foreign banks.
In addition, on March 25, 2022, the Funds Board of Trustees approved the Funds investment in PIMCO Funds:
Private Account Portfolio Series PIMCO Short-Term Floating NAV Portfolio III and PIMCO Funds: Private Account Portfolio Series PIMCO Short Asset Portfolio, each a series of PIMCO Funds. Accordingly, effective immediately, the
Portfolio Contents Other Investment Companies section of the Prospectus is deleted and replaced with the following:
The Fund may invest in securities of other open- or closed-end
investment companies (including those advised by PIMCO), including, without limitation, ETFs, to the extent that such investments are consistent with the Funds investment objectives, strategies and policies and permissible under the 1940 Act.
The Fund may invest in other investment companies to gain broad market or sector exposure or for cash management purposes, including during periods when it has large amounts of uninvested cash or when PIMCO believes share prices of other investment
companies offer attractive values. The Fund may invest in certain money market funds and/or short-term bond funds (Central Funds), to the extent permitted by the 1940 Act, the rules thereunder or
exemptive relief therefrom. The Central Funds are registered investment companies created for use by certain registered investment companies advised by PIMCO in connection with their cash
management activities. The Fund treats its investments in other investment companies that invest primarily in types of securities in which the Fund may invest directly as investments in such types of securities for purposes of the Funds
investment policies (e.g., the Funds investment in an investment company that invests primarily in debt securities will be treated by the Fund as an investment in a debt security). As a shareholder in an investment company, the Fund would bear
its ratable share of that investment companys expenses and would remain subject to payment of the Funds management fees and other expenses with respect to assets so invested. Common Shareholders would therefore be subject to duplicative
expenses to the extent the Fund invests in other investment companies. The securities of other investment companies may be leveraged, in which case the NAV and/or market value of the investment companys shares will be more volatile than
unleveraged investments. See Principal Risks of the FundLeverage Risk.
Investors Should Retain This Supplement for
Future Reference
PTY_SUPP1_033022
PIMCO Corporate and Inco... (NYSE:PTY)
Historical Stock Chart
From Aug 2024 to Sep 2024
PIMCO Corporate and Inco... (NYSE:PTY)
Historical Stock Chart
From Sep 2023 to Sep 2024