Shaw and Partners appointed as Joint Lead Manager to the IPO of PIMCO Global Income Opportunities Trust Corporate15 Mar 2022

Shaw and Partners is delighted to be appointed as Joint Lead Manager to the proposed IPO of PIMCO Global Income Opportunities Trust.

 

The Company is seeking to raise approximately A$502.5 million at the subscription price of $2.00 per unit (with the Company reserving the right to take up to an additional A$201.0 million based on oversubscription facilities).

 

PIMCO, one of the world’s premier fixed income investment managers with $2.2tn of firm wide assets under management, has released details of its first listed investment trust for Australian investors, as it begins a three-week national roadshow to promote the Trust. The PIMCO Global Income opportunities Trust (PMX) aims to deliver regular income and attractive risk adjusted returns by targeting PIMCO’s best income-generating ideas across multiple fixed income sectors globally.

 

The Trust will be managed by a team that includes three of PIMCO’s most senior portfolio managers: Dan Ivascyn, Managing Director and Group Chief Investment Officer; Rob Mead, Managing Director, Head of Australia and Co-head of Asia-Pacific Portfolio Management; and Alfred Murata, Managing Director and Portfolio Manager, Mortgage Credit. Other members of the Portfolio Management team are Adam Bowe, Portfolio Manager, Australia; Giang Bui, Portfolio Manager, Securitized Debt; and Jing Yang, Portfolio Manager, Structured Credit.

 

PMX is aiming to raise an amount of A$500 million and expects to begin trading on the Australian Securities Exchange on 21 April 2022. It is targeting a distribution of 4.75% to 5.75% per annum, paid monthly.

 

For more information or to receive a copy of the Prospectus, please contact your Shaw and Partners Adviser.

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