PIMCO CORPORATE & INCOME STRATEGY FUND (PCN) Form 424B5 — Jun 4, 2026
PIMCO Corporate & Income Strategy Fund (PCN) filed a prospectus supplement to offer up to $350 million of common shares via an at-the-market (ATM) facility through JonesTrading. The shares will be sold at prevailing market prices, with JonesTrading receiving a commission of up to 1.00% of gross proceeds. As of April 30, 2026, the fund had 74.7 million shares outstanding with a NAV of $11.56, trading at a 3.98% premium to NAV ($12.02). The fund estimates that selling the full $350 million authorization would result in approximately 29.1 million new shares, representing significant potential dilution to existing shareholders.
Key figures
- Net Proceeds
- 346031012
- Total Assets
- 863423039
- Cash Position
- 0
- Gross Proceeds
- 350000000
- Offering Price
- 12.02
- Shares Offered
- 29118136
- Shares Outstanding
- 74721061
- Sales Load
- 1.00%
- Nav Per Share
- 11.56
- Premium To Nav
- 3.98%
- Shelf Capacity
- 400000000
- Prior Atm Shares Sold
- 31526520
- Market Price Per Share
- 12.02
- Prior Atm Net Proceeds
- 421632646
Price after filing
Close on the filing date to close N calendar days later (from $11.82). Historical, not a forecast.
AI analysis
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