NRGX - Pimco Dynamic Income Strategy Fund Declares Common Share Distributions | Benzinga
NEW YORK, March 01, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees (the "Board") of PIMCO Dynamic Income Strategy Fund (the "Fund") (NYSE:PDX)1 has declared the next two distributions for the Fund's common shares, as summarized below. In addition, the Board has approved a change in the Fund's distribution frequency, from quarterly to monthly, starting with the April Distribution (as defined below).
A quarterly distribution for the Fund's common shares is payable on April 1, 2024 to shareholders of record on March 11, 2024, with an ex-dividend date of March 8, 2024 (the "March Distribution"). The March Distribution reflects an increase of $0.040000 per common share as compared to the Fund's prior quarterly distribution that was paid on January 2, 2024 to shareholders of record on December 11, 2023.
March Distribution
Per Common Share
| Fund |
| NYSE Symbol |
| Amount |
| Change From Previous Quarter |
| Percentage Change From Previous Quarter |
| PIMCO Dynamic Income Strategy Fund |
| (NYSE:PDX) |
| $0.260000 |
| $0.040000 |
| 18.18% |
The Fund's first monthly distribution is payable on May 1, 2024 to shareholders of record on April 11, 2024, with an ex-dividend date of April 10, 2024 (the "April Distribution"). As noted above, starting with the April Distribution, the Fund intends to make distributions monthly instead of quarterly.
April Distribution
Per Common Share
| Fund |
| NYSE Symbol |
| Amount |
| Hypothetical Change From March Distribution2 |
| Hypothetical Percentage Change From March Distribution2 |
| PIMCO Dynamic Income Strategy Fund |
| (NYSE:PDX) |
| $0.1133 |
| $0.026633 |
| 30.73% |
Fund Distribution Information as of January 31, 2024:
| Fund |
| NYSE Symbol |
| March distribution |
| Annualized March Distribution rate expressed as a percentage of NAV as of 1/31/2024 |
| Annualized March Distribution rate expressed as a percentage of Market Price as of 1/31/2024 |
| PIMCO Dynamic Income Strategy Fund |
| (NYSE:PDX) |
| $0.260000 |
| 4.62% |
| 5.38% |
| Fund |
| NYSE Symbol |
| April distribution |
| Annualized April Distribution rate expressed as a percentage of NAV as of 1/31/2024 |
| Annualized April Distribution rate expressed as a percentage of Market Price as of 1/31/2024 |
| PIMCO Dynamic Income Strategy Fund |
| (NYSE:PDX) |
| $0.1133 |
| 6.04% |
| 7.04% |
Distribution rates are not performance and are calculated by annualizing the current distribution per share announced in this press release and dividing by the net asset value ("NAV") or Market Price, as applicable, as of the reported date. The Fund's distribution rate may be affected by numerous factors, including changes in realized and projected market returns, Fund performance, and other factors. There can be no assurance that a change in market conditions or other factors will not result in a change in the Fund's distribution rate at a future time. Distributions may be comprised of ordinary income, net capital gains, and/or a return of capital ("ROC") of your investment in the Fund. Because the distribution rate may include a ROC, it should not be confused with yield or income.
Average Annual Total Returns Based on NAV and Market Price ("MKT") of Common Shares as of January 31, 2024:
| Fund |
| NYSE Symbol |
| Inception Date |
| 1 Year |
| 5 Year |
| Since Inception |
| PIMCO Dynamic Income Strategy Fund |