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Pimco Funds

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Pimco Funds Under Investigation
  • Pimco Bond Funds

19 Pimco Funds Under Review

Overview

Questions Loom Over Investor Losses In Pimco Closed-End Funds

Pacific Investment Management Company (PIMCO), which manages the world's biggest bond fund, has hit a wall recently concerning several of its leveraged closed-end municipal bond funds. As reported Jan. 20, 2009, in the Washington Post, Pimco was forced to postpone dividend payouts on at least six of its funds last month following massive declines in the asset values of the funds' portfolios. The financial wreckage left the funds' asset coverage well below the 200% of outstanding auction-rate preferred shares that is required when making dividend payments under the Investment Company Act of 1940.

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FAQ's for Investors

Pimco Funds: What Investors Need To Know


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