PIMCO Global Income Opportunities Fund completes initial public offering

On March 21, 2014, PIMCO Canada Corp. (PIMCO), announced the closing of the initial public offering of its PIMCO Global Income Opportunities Fund (the Fund). Pursuant to the offering, the fund issued an aggregate 60 million Class A units at a price of C$10 per Class A unit, for gross proceeds of C$600 million. This is the first closed-end fund launched in Canada by PIMCO and the third largest completed closed-end fund offering in Canada.

RBC Capital Markets, CIBC, TD Securities and National Bank Financial co-led the syndicate of agents, which also included Scotiabank, BMO Capital Markets, Canaccord Genuity Corp., GMP Securities L.P., Manulife Securities Inc., Raymond James Ltd., Desjardins Securities, and Mackie Research Capital Corp. (the "Agents").

The fund granted the Agents an over-allotment option to subscribe for an additional 9 million units at the same offering price of C$10 per Class A unit, at any time prior to April 20, 2014. The first tranche of 8.5 million units was issued on March 28, 2014, for gross proceeds of C$85 million. The remaining 500,000 units were issued on April 8, 2014, for additional proceeds of C$5 million, for an aggregate total of C$690 million.

The fund has been created to invest in an actively managed portfolio comprised primarily of fixed-income securities selected from multiple global fixed-income sectors.

PIMCO Canada Corp. is a subsidiary of Pacific Investment Management Company, a leading global investment management firm, with offices in 12 countries throughout North America, Europe and Asia, with approximately US$1.9 trillion in assets under management as of December 31, 2013.

Further information can be found on PIMCO's website.