Relevant:
- Pimco Delays Dividend Payment on Two Closed-End Funds
- Fed Fails to Restore Creditor Confidence, Pimco Says
- Pimco Cuts U.S., U.K. Bonds as Borrowing Increase
- Pimco's flagship fund loses status as world's largest bond fund (Bernanke to the Rescue??)
- Investors Pull $7.7 Billion From Pimco Total Return Fund in August
2011-07-06 — sfgate.com
"Pimco REIT Inc., which filed for an initial public offering in April, disclosed last week that its annual management fee would decline to 1.0 percent from 1.5 percent if the fund loses money over a one-year period. Newport Beach, California-based Pimco's prior filings with the U.S. Securities and Exchange Commission didn't call for any change in the fee, which is based on shareholders' equity."
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