PIMCO Canada Corp. Announces Changes to PIMCO Global Advantage Strategy Bond Fund (Canada)

TORONTO, Dec. 20, 2017 (GLOBE NEWSWIRE) -- PIMCO Canada Corp. ("PIMCO"), the manager of PIMCO Global Advantage Strategy Bond Fund (Canada) (the "Fund"), today announced several changes affecting the Fund.

Effective immediately, the U.S. dollar denominated units of the Fund -- Series A(US$), Series F(US$), Series I(US$), Series M(US$) and Series O(US$) -- are closed to new purchases including pre-authorized contribution plans ("PACs"). Existing PACs in the U.S. dollar-dominated Series will be cancelled.  All other series of the Fund remain available for purchase. The U.S. dollar-denominated series will be terminated effective on or about February 23, 2018.

Effective on February 23, 2018, Fund will be renamed the PIMCO Flexible Global Bond Fund (Canada). Also, certain series of the Fund will be redesignated and the annual management fees of certain series of the Fund will be reduced, as follows:

• Series O units will be redesignated as Series A units;
• Series M units will be redesignated as Series F units;
• The management fee payable with respect to Series A units will be reduced to 1.15%; and
• The management fee payable with respect to Series F units will be reduced to 0.65%.

For further information on PIMCO and the PIMCO mutual funds, please visit www.pimco.ca or call us at 1 866 341 3350 (416 368 3350 in Toronto).

About PIMCO 
PIMCO is one of the world's premier fixed income investment managers. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 45+ years since, we have continued to bring innovation and expertise to our partnership with clients seeking the best investment solutions. Today we have offices across the globe and 2,150+ professionals united by a single purpose: creating opportunities for investors in every environment. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors should consult their financial advisor to determine if the PIMCO Mutual Funds may be sold in their jurisdiction.

The products and services provided by PIMCO Canada Corp. may only be available in certain provinces or territories of Canada and only through dealers authorized for that purpose. PIMCO Canada has retained PIMCO LLC as sub-adviser. PIMCO Canada will remain responsible for any loss that arises out of the failure of its sub-adviser.

Contact:
Agnes Crane
PIMCO ? Media Relations
Phone: +212 597.1054