PCM Fund Board Holds Monthly Distribution at $0.064240 per Share

The board of PCM Fund, Inc. declared a monthly distribution of $0.064240 per common share on Nov. 2, keeping the payment at October’s level. The PIMCO closed-end fund’s distribution is scheduled for Dec. 1.

The board set Nov. 13 as both the record date and the ex-dividend date. Shareholders recorded on Nov. 13 qualify for the payment; buyers on or after the ex-dividend date are not entitled to this distribution.

PCM’s primary investment objective is high current income. The fund also seeks capital gains from investment sales as a secondary objective.

As of Sept. 30, the annualized distribution rate was 14.49% of net asset value and 15.48% of market price. These rates do not measure investment performance and may include a return of capital.