Fitch Affirms Preferred Share Ratings of 4 PIMCO Closed End Funds at 'AAA'
NEW YORK--(BUSINESS WIRE)--
Fitch Ratings has affirmed the 'AAA' ratings assigned to the auction rate preferred shares (ARPS) issued by the following four closed-end funds sub-advised by Pacific Investment Management Company LLC (PIMCO):
PIMCO High Income Fund (NYSE: PHK - News)
--$292,000,000 of ARPS consisting of Series M, T, W, TH and F, each with a liquidation preference of $25,000 per share, affirmed at 'AAA';
PIMCO Corporate & Income Strategy Fund (NYSE: PCN - News)
--$169,000,000 of ARPS consisting of Series M, T, W, TH and F, each with a liquidation preference of $25,000 per share, affirmed at 'AAA';
PIMCO Income Strategy Fund (NYSE: PFL - News)
--$78,975,000 of ARPS consisting of Series T, W and TH, each with a liquidation preference of $25,000 per share, affirmed at 'AAA';
PIMCO Income Strategy Fund II (NYSE: PFN - News)
--$161,000,000 of ARPS consisting of Series M, T, W, TH and F, each with a liquidation preference of $25,000 per share, affirmed at 'AAA'.
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Fitch Affirms Preferred Share Ratings of 4 PIMCO Closed End Funds at 'AAA'