PIMCO Dynamic Income Fund executed its offering of shares of beneficial interest for total gross proceeds of approximately $92.6 million. The shares are listed on the New York Stock Exchange under the symbol “PDI.”
Morgan Stanley & Co. LLC, UBS Securities LLC and RBC Capital Markets, LLC acted as joint book-running managers. Janney Montgomery Scott LLC, JonesTrading Institutional Services LLC, Wedbush Securities Inc., AmeriVet Securities, Inc. and Loop Capital Markets LLC acted as co-managers.
PIMCO Dynamic Income Fund is a diversified closed-end management investment company advised by Pacific Investment Management Company LLC.
The Davis Polk corporate team included partners Joseph A. Hall (Picture) and Pedro J. Bermeo and associate Johnathan M. Nixon. Partner Lucy W. Farr and associates Liang Zhang and Eitan Ulmer provided tax advice. Partner Gregory S. Rowland and counsel Sarah E. Kim provided Investment Company Act advice. Counsel Marcie A. Goldstein provided FINRA advice.
Involved fees earner: Pedro Bermeo – Davis Polk & Wardwell; Lucy Farr – Davis Polk & Wardwell; Marcie Goldstein – Davis Polk & Wardwell; Joseph Hall – Davis Polk & Wardwell; Sarah Kim – Davis Polk & Wardwell; Johnathan Nixon – Davis Polk & Wardwell; Gregory Rowland – Davis Polk & Wardwell; Eitan Ulmer – Davis Polk & Wardwell; Liang Zhang – Davis Polk & Wardwell;
Law Firms: Davis Polk & Wardwell;
By: Ambrogio Visconti