PIMCO Canada Corp. Announces Special Reinvested Distributions for PIMCO Canada Closed End Funds for 2022 Year-End

This information is not intended for distribution to United States newswire service or dissemination in the United States.

TORONTO (GLOBE NEWSWIRE, December 19, 2022) -- PIMCO Canada Corp. (the "PIMCO Canada") is happy to announce that it has declared special reinvested Income Distributions on Class A Units (the "Units") of certain PIMCO Canada closed fund (the "Funds") The reinvested distributions are payable to holders who were in business on December 30, 2022 at close. The reinvested distributions are reinvested in Units from the applicable Fund. The resulting Units will then be immediately consolidated so that each unitholder's total Units won't change. Unitholders who hold their Units in non-registered plans will be required to report taxable amounts and an increase in their Units' adjusted cost base.

These amounts are only for reinvested distributions and do not include ongoing cash distribution amounts which will be announced in a separate press statement.

The following are details about the distribution amounts of reinvested capital:

Fund Name

Ticker

Distribution Amount per Unit

PIMCO Global Income Opportunities Fund

PGI.UN

$0.09634

PIMCO Tactical Investment Fund

PTI.UN

$0.12826

PIMCO Tactical Investment Opportunities Fund

PTO.UN

$0.22006

PIMCO Canada's Manager retains Pacific Investment Management Company LLC ("PIMCO") to provide investment management services for the Funds.

About PIMCO

PIMCO was established in Newport Beach, California in 1971. It is one of the most respected fixed income investment managers in the world. We have offices around the world and more than 3,000 professionals who share a common goal: to create opportunities for investors in all environments. Allianz S.E. is the owner of PIMCO, a global financial services company that offers diversified financial services.

This is not an offer for Units to be sold. It is also not a solicitation to offer Units to purchase in any area where such an offer is not allowed. You should read carefully the Funds' disclosures and carefully consider the risks involved in investing in the Units. It is impossible to predict whether a Fund will be able achieve its investment goals or structure its portfolio as planned. Your financial advisor may have copies of disclosure documents for the Funds.

Forward-Looking Statements

Forward-looking statements include statements made in this news release, such as those identified with the expressions "expect", "intend", and "will" to the extent that they relate to Funds. Forward-looking statements do not reflect historical facts, but rather reflect the current expectations of each Fund, PIMCO Canada, and/or PIMCO regarding future events or results. These forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from expectations. This includes market factors. PIMCO Canada, the Funds and/or PIMCO believe that the forward-looking assumptions are reasonable. However, these statements do not guarantee future performance. Therefore, readers should not rely on forward-looking statements because of the inherent uncertainty. PIMCO Canada, the Funds and/or PIMCO are not obliged to publicly update or revise any forward looking statement or information.

If you sell or purchase Units on the Toronto Stock Exchange (the TSX'), your broker will typically charge brokerage fees. Investors may be charged more for Units if they are sold or bought on the TSX. However, the net asset value of Units may be less when they are sold or purchased. Owning Units comes with ongoing expenses and fees. Investment funds must prepare disclosure documents which contain key information about their fund. These documents contain more information about the Funds. You cannot guarantee the performance of investment funds. Their values can change often and their past performance may not repeat.

Each Fund is an investment fund that can be closed-end exchange traded. Closed end funds are not offered continuously, unlike open-ended funds. Shares of closed end funds can be sold on the stock exchange after the initial public offering. For additional information, contact your financial advisor.

The prospectus contains a summary of all the risks associated with investing in any Fund. Closed end funds often trade at a discount relative to their net assets value which can increase the risk of losing units. Distributions are not guaranteed, and can be changed or eliminated at any time.

PIMCO provides services to qualified institutions as well as financial intermediaries and institutional investors. To determine the best investment option for your financial situation, individual investors should consult their financial professional. This material includes the current opinions of the manager. These opinions can change at any time. This information is intended to be used for informational purposes only. It should not be construed as investment advice, or a recommendation for any security, strategy, or investment product. The information contained in this document has been obtained from reliable sources, but is not guaranteed. Without express written permission, no part of this material may ever be reproduced or referenced in any other publication. PIMCO is a trademark of Allianz Asset Management of America L.P. in America and around the world. PIMCO (c)2022, PIMCO

PIMCO Canada Corp. products and services may not be available in all provinces and territories of Canada. Only authorized dealers can sell them.

PIMCO Canada retained PIMCO LLC to act as its sub-adviser. PIMCO Canada will continue to be responsible for any loss resulting from the sub-adviser's failure.

Box 363, Toronto (ON), M5L 1G2, 416-368-3350

Contact:Agnes CranePIMCO-Media Relations Phone: +212 597.1054