SEC Filing Summary: PIMCO Corporate & Income Opportunity Fund
Business Context and Reporting Period
This Form 8-K was filed by PIMCO Corporate & Income Opportunity Fund (Ticker: PTY) on September 26, 2023. The registrant is a Massachusetts corporation with principal executive offices in New York, NY. The filing reports a material change to the Fund's investment guidelines effective October 27, 2023.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a change to investment policy rather than financial performance results.
Material Changes
- Investment Guideline Modification: Effective October 27, 2023, the Fund is removing the guideline that previously limited investments in illiquid investments to 20% of the Fund's total assets.
- Documentation: A supplement to the Fund's prospectus and statement of additional information detailing this change is attached as Exhibit 99.1.
Guidance, Outlook, and Risks
The filing does not contain specific financial guidance, management commentary on future performance, or a discussion of new risks arising from the guideline change. The removal of the 20% cap on illiquid investments implies a potential increase in the Fund's exposure to less liquid assets, which may affect liquidity management strategies, though specific contingencies are not detailed in this text.
Key Facts for Investor Verification
- Verify the effective date of the guideline change (October 27, 2023).
- Review Exhibit 99.1 (Supplement to Prospectus) for details on how the removal of the 20% illiquid investment cap impacts the Fund's risk profile.
- Confirm the Fund's current allocation to illiquid assets to assess immediate exposure changes.