Company name PIMCO Fds: Glbl Inv
Headline Notice of AGM


RNS Number : 8370N
PIMCO Funds: Global Investors Ser.
11 August 2017
 

This document is important and requires your immediate attention.  If you are in doubt as to the action you should take you should seek advice from your stockbroker, bank manager, solicitor, tax adviser, accountant or other independent financial adviser.  If you have sold or transferred all of your Shares in PIMCO Funds: Global Investors Series plc, please pass this document at once to the stockbroker, bank or other agent through whom the sale or transfer was effected, for transmission to the purchaser or transferee as soon as possible. The Directors of PIMCO Funds: Global Investors Series plc are the persons responsible for the information contained in this document. Please note that this document is not reviewed by the Central Bank of Ireland.

 

 

CIRCULAR TO SHAREHOLDERS OF

 

 

MULTI-SECTOR FIXED INCOME FUNDS

 


Euro Bond Fund

Income Fund

Euro Low Duration Fund

Low Average Duration Fund

Euro Income Bond Fund

Total Return Bond Fund

Global Advantage Fund

 

Unconstrained Bond Fund

 

UK Low Duration Fund

 

Global Bond ESG Fund

Global Bond Fund

 

Global Bond Ex-US Fund

Global Libor Plus Bond Fund

 

 

 

CREDIT FUNDS

 


Diversified Income Fund

Global Investment Grade Credit Fund

Diversified Income Duration Hedged Fund

US High Yield Bond Fund

Euro Credit Fund

UK Corporate Bond Fund

Global High Yield Bond Fund

US Investment Grade Corporate Bond Fund

PIMCO Credit Absolute Return Fund

PIMCO Capital Securities Fund

Low Duration Global Investment Grade Credit Fund

Mortgage Opportunities Fund

 

LONG DURATION FIXED INCOME FUNDS

 


Euro Long Average Duration Fund

UK Long Term Corporate Bond Fund

Euro Ultra-Long Duration Fund


 

EMERGING MARKETS FUNDS

 


Emerging Markets Short-Term Local Currency Fund

 

Emerging Markets Corporate Bond Fund

Emerging Asia Bond Fund

Emerging Markets Bond Fund

Emerging Local Bond Fund

Socially Responsible Emerging Markets Bond Fund

Emerging Markets 2018 Fund

Emerging Markets Full Spectrum Bond Fund

 



 

EQUITY FUNDS

 


PIMCO RAE Fundamental PLUS Global Developed Fund

 

PIMCO Global Dividend Fund

 

PIMCO RAE Fundamental US Fund

 

PIMCO RAE Fundamental Europe Fund

 

PIMCO MLP & Energy Infrastructure Fund

 

StocksPLUS™ Fund*

 

PIMCO RAE Fundamental PLUS US Fund

 

PIMCO RAE Fundamental PLUS Emerging Markets Fund

 

PIMCO RAE Fundamental Global Developed Fund

 

PIMCO RAE Fundamental Emerging Markets Fund

 

 

INFLATION PROTECTION FUNDS

 


Commodity Real Return Fund

Global Real Return Fund

Euro Real Return Fund

Inflation Strategy Fund

Global Advantage Real Return Fund

Global Low Duration Real Return Fund

 

ALTERNATIVE FUNDS

 


PIMCO TRENDS Managed Futures Strategy Fund


 

MULTI-ASSET FUNDS

 


Global Multi-Asset Fund

 

PIMCO Dividend and Income Builder Fund

 

Dynamic Multi-Asset Fund

 

Strategic Income Fund

 

SHORT-TERM FUNDS


US Short-Term Fund

 

 

 

 

 

 

Euro Short-Term Fund

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*Trademark of Pacific Investment Management Company LLC in the United States.

 

each sub-funds of

 

PIMCO FUNDS: GLOBAL INVESTORS SERIES PLC

(An open-ended umbrella type investment company with variable capital and with segregated liability between Funds incorporated with limited liability in Ireland under the Companies Act 2014 with registered number 276928 and established as an undertaking for collective investment in transferable securities pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011, as amended).



 

 

NOTICE CONVENING AN ANNUAL GENERAL MEETING TO BE HELD ON 29 SEPTEMBER, 2017 IS SET OUT IN APPENDIX I. IF YOU DO NOT PROPOSE TO ATTEND THE ANNUAL GENERAL MEETING YOU ARE REQUESTED TO COMPLETE AND RETURN THE RELEVANT FORM OF PROXY SET OUT IN APPENDIX II BY 12P.M ON 27 SEPTEMBER, 2017 AT THE LATEST IN ACCORDANCE WITH THE INSTRUCTIONS PRINTED THEREON. 

 

FORMS OF PROXY ARE SET OUT IN APPENDIX II AND SHOULD BE RETURNED NO LATER THAN 48 HOURS BEFORE THE TIME FIXED FOR THE HOLDING OF THE ANNUAL GENERAL MEETING TO:

 

Ciara Timon

State Street Fund Services (Ireland) Limited

78 Sir John Rogerson's Quay, Dublin 2, D02 HD32, Ireland

or

Fax No. +353 1 4161450

PIMCO Funds: Global Investors Series plc (the "Company")

 

Commodity Real Return, Diversified Income, Diversified Income Duration Hedged, Dynamic Multi-Asset, Emerging Asia Bond, Emerging Local Bond, Emerging Markets Corporate Bond, Emerging Markets Bond, Emerging Markets Full Spectrum Bond, Emerging Markets Short-Term Local Currency, Euro Bond, Euro Income Bond, Euro Credit, Euro Long Average Duration, Euro Low Duration, Euro Real Return, Euro Short-Term, Euro Ultra-Long Duration, Global Advantage, Global Advantage Real Return, Global Bond, Global Bond Ex-US, Global High Yield Bond, Global Investment Grade Credit, Global Libor Plus Bond, Global Low Duration Real Return, Global Multi-Asset, Global Real Return, US High Yield Bond, Income, Inflation Strategy, Low Average Duration, Low Duration Global Investment Grade Credit, PIMCO Capital Securities, PIMCO Credit Absolute Return, PIMCO Dividend and Income Builder,  PIMCO MLP & Energy Infrastructure,  PIMCO TRENDS Managed Futures Strategy, PIMCO Global Dividend, Emerging Markets 2018, PIMCO RAE Fundamental US, PIMCO RAE Fundamental Global Developed, PIMCO RAE Fundamental Europe, PIMCO RAE Fundamental Emerging Markets, PIMCO RAE Fundamental PLUS Global Developed, PIMCO RAE Fundamental PLUS US, PIMCO RAE Fundamental PLUS Emerging Markets, Socially Responsible Emerging Markets Bond, StocksPLUS™, Strategic Income, Total Return Bond, UK Corporate Bond, UK Long Term Corporate Bond, UK Low Duration, Unconstrained Bond, US Short-Term, US Investment Grade Corporate Bond, Global Bond ESG and Mortgage Opportunities Funds (the "Funds")

 

11 August, 2017

 

Dear Shareholder,

 

1.     Introduction

 

As you are aware, the Company is an investment company with variable capital and with segregated liability between funds, incorporated with limited liability under the laws of Ireland, authorised on 28 January, 1998 by the Central Bank of Ireland (the "Central Bank") pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011, as amended (the "Regulations"). The Company is an umbrella company, which comprises a number of sub-funds.

 

Unless the context otherwise requires and except as varied or otherwise specified in this circular, words and expressions (including defined terms) used in the circular shall bear the same meaning as in the current Prospectus of the Company.

 

The Directors will convene an annual general meeting of the Shareholders of the Company on 29 September, 2017, at which the following matters will be presented to the Shareholders:

 

General Business

 

(a)           To receive and consider the Directors' report, the auditor's report and financial statements for the fiscal year ended 31 December 2016 and to review the Company's affairs

 

Shareholders will be asked to receive and consider the Directors' report, the auditor's report and financial statements for the fiscal year ended 31 December 2016 (which are available at www.pimco.com) and to review the Company's affairs.

 

(b)           To re-appoint PricewaterhouseCoopers as auditors to the Company

 

Shareholders will be asked to approve the reappointment of PricewaterhouseCoopers as auditors to the Company.

 

(c)           To authorise the Directors to fix the remuneration of the auditors

 

Shareholders will be asked to authorise the Directors to fix the annual remuneration of the auditors.

 

 

 

 

Special Business - Shareholders of the Global Advantage Real Return Fund only

 

2.             Amendment to the Investment Policy of the Global Advantage Real Return Fund (Appendix III)

 

Subject to the approval of Shareholders of the Global Advantage Real Return Fund and the requirements of the Central Bank, the Investment Policy of the Global Advantage Real Return Fund shall be amended to exclude fixed income instruments denominated in their local currency issued by governments, their agencies or instrumentalities, or supranationals from the investment limit of 10% in respect of the assets which can be invested in fixed income instruments that are rated lower than Baa by Moody's or lower than BBB by S&P or equivalently rated by Fitch, but rated at least B by Moody's or S&P or equivalently rated by Fitch (or, if unrated, determined by the Investment Advisor to be of comparable quality). Accordingly, reference to the fund investing primarily in investment grade fixed income instruments shall also be deleted.

 

This amendment shall permit the Global Advantage Real Return Fund greater flexibility in investing in government bonds of countries rated below investment grade (currently, for example, Brazil and Turkey government inflation-linked bonds).

 

Following the Annual General Meeting and subject to Shareholder approval,  the revised Supplement is expected to be noted by the Central Bank on or around 13 October, 2017.

 

2.     Shareholders' approval

 

For the sanctioning of the ordinary resolutions in relation to the re-appointment of PricewaterhouseCoopers as auditors to the Company and the authorisation of the Directors to fix the remuneration of the auditors, a majority of the Shareholders, consisting of fifty per cent (50%) or more of the total number of votes cast, present in person or by proxy, who cast votes at the annual general meeting of the Shareholders, are required to vote in favour of it.

 

For the sanctioning of the Ordinary Resolution in relation to the amendment to the Investment Policy of Global Advantage Real Return Fund, a majority of the Shareholders of the Global Advantage Real Return Fund, consisting of fifty per cent (50%) or more of the total number of votes cast present in person or by proxy are required to vote in favour of it. The results of the ordinary resolution shall be available from the Administrator.

 

The quorum for the annual general meeting is two Shareholders present (in person or by proxy). If within half an hour from the time appointed for the annual general meeting, a quorum is not present, it shall be adjourned to the same day in the next week, at the same time and place or to such other day and at such other time and place as the Directors may determine.

 

If you are a registered holder of Shares, you will receive a proxy form with this circular.  Please read the notes printed on the form, which will assist you in completing the proxy form, and return the proxy form to us.  To be valid, your appointment of proxy must be received no later than 48 hours before the time appointed for the annual general meeting and therefore by 12p.m. on 27 September, 2017 (Irish time) at the latest. You may attend and vote at the annual general meeting even if you have appointed a proxy.

 

3.     Director's Recommendation

 

We believe that the proposed resolutions are in the best interests of the Shareholders as a whole and therefore recommend that you vote in favour of the proposals. These proposals do not change the value of your investments.

 

Shareholders may continue to redeem their investments in the Company free of charge on any Dealing Day in accordance with the provisions of the Prospectus.

 

4.     Notification of appointment of sub-investment advisors

 

As provided for in the prospectus of the Company, Pacific Investment Management Company LLC, PIMCO Asia Pte Ltd, PIMCO Europe Limited and PIMCO Deutschland GmbH (each an "Investment Advisor") have been appointed as investment advisor to various Funds of the Company.

 

In accordance with the prospectus each Investment Advisor may delegate the discretionary investment management of certain Funds to one or more sub-investment advisors, subject to all applicable legal and regulatory requirements. Accordingly, it is intended that where an Investment Advisor is appointed to a specific Fund, the Investment Advisor will appoint each of the other Investment Advisors as sub-investment advisor in respect of the particular Fund or Funds. The fees of each sub-investment advisor so appointed shall be paid by the Manager, or by the Investment Advisors on behalf of the Manager, from the Management Fee.  Details of such appointment will be provided to Shareholders on request and shall be further disclosed in the Company's periodic reports.

 

5.     Notice and Proxy Forms

 

Details of the specific resolutions which Shareholders will be asked to approve are detailed in the notice and proxy forms attached to this circular. 

 

This circular is accompanied by the following documents:

 

1.             Notice of the annual general meeting of the Company to be held at 12pm on 29 September, 2017 at the offices of State Street Fund Services (Ireland) Limited, 78 Sir John Rogerson's Quay, Dublin 2, D02 HD32, Ireland (Appendix I);

 

2.             A proxy form which allows you to cast your vote by proxy (Appendix II);

 

3.             Audited accounts for the Company prepared for the fiscal year ended 31 December 2016 which include a statement of the assets and liabilities of each of the Funds; and

 

4.             Extract of the proposed amendment to the Supplement for the Global Advantage Real Return Fund (Appendix III).

 

If you are unable to attend the annual general meeting but wish to exercise your vote, please complete the attached proxy form and return it to:

 

Ciara Timon,

State Street Fund Services (Ireland) Limited,

78 Sir John Rogerson's Quay,

Dublin 2,

D02 HD32,

Ireland.

 

To be valid, the proxy forms must be received at the above address or fax no. +353 1 4161450 no later than 48 hours before the time fixed for the holding of the annual general meeting.

 

For any questions regarding this matter, Shareholders may consult their financial adviser, the Company's appointed representative in that country or the Administrator.  The Administrator may be contacted via e-mail at PIMCOEMteam@StateStreet.com, or by telephone as follows:

 

EMEA: +353 1 776 9990

Hong Kong: +852 35561498

Singapore: +65 68267589

Americas: +1 416 5068337

 

 

Yours faithfully,

 

 

 

_____________________

 

Director,

For and on behalf of

PIMCO Funds: Global Investors Series plc



APPENDIX I

 

Notice of Annual General Meeting

 

PIMCO FUNDS: GLOBAL INVESTORS SERIES PLC

(the "Company")

 

Commodity Real Return, Diversified Income, Diversified Income Duration Hedged, Dynamic Multi-Asset, Emerging Asia Bond, Emerging Local Bond, Emerging Markets Corporate Bond, Emerging Markets Bond, Emerging Markets Full Spectrum Bond, Emerging Markets Short-Term Local Currency, Euro Bond, Euro Income Bond, Euro Credit, Euro Long Average Duration, Euro Low Duration, Euro Real Return, Euro Short-Term, Euro Ultra-Long Duration, Global Advantage, Global Advantage Real Return, Global Bond, Global Bond Ex-US, Global High Yield Bond, Global Investment Grade Credit, Global Libor Plus Bond, Global Low Duration Real Return, Global Multi-Asset, Global Real Return, US High Yield Bond, Income, Inflation Strategy, Low Average Duration, Low Duration Global Investment Grade Credit, PIMCO Capital Securities, PIMCO Credit Absolute Return, PIMCO Dividend and Income Builder,  PIMCO MLP & Energy Infrastructure,  PIMCO TRENDS Managed Futures Strategy, PIMCO Global Dividend, Emerging Markets 2018, PIMCO RAE Fundamental US, PIMCO RAE Fundamental Global Developed, PIMCO RAE Fundamental Europe, PIMCO RAE Fundamental Emerging Markets, PIMCO RAE Fundamental PLUS Global Developed, PIMCO RAE Fundamental PLUS US, PIMCO RAE Fundamental PLUS Emerging Markets, Socially Responsible Emerging Markets Bond, StocksPLUS™, Strategic Income, Total Return Bond, UK Corporate Bond, UK Long Term Corporate Bond, UK Low Duration, Unconstrained Bond, US Short-Term, US Investment Grade Corporate Bond, Global Bond ESG and Mortgage Opportunities Funds (the "Funds")

 

NOTICE IS HEREBY GIVEN that the annual general meeting of the Shareholders of the Company will be held at State Street Fund Services (Ireland) Limited, 78 Sir John Rogerson's Quay, Dublin 2, D02 HD32, Ireland on 29 September, 2017 at  12pm for the following purposes:

 

General Business

 

1.     To receive and consider the Directors' report, the auditor's report and financial statements for the fiscal year ended 31 December 2016 and to review the Company's affairs.

 

2.     To re-appoint PricewaterhouseCoopers as auditors to the Company.

 

3.     To authorise the Directors to fix the remuneration of the auditors.

 

4.     Any other business

 

Special Business

 

5.     Shareholders of the Global Advantage Real Return Fund only shall be asked to approve an amendment to the Investment Policy of the Fund Supplement.

 

____________________________________

For and on behalf of

State Street Fund Services (Ireland) Limited

Secretary

 

Dated this 11 day of August 2017

APPENDIX II

 

Note:      A Shareholder entitled to attend and vote at the above meeting is entitled to appoint a proxy or proxies to attend and vote in his/her stead.  A proxy need not be a Shareholder.

 

PROXY FORM

 

PIMCO FUNDS: GLOBAL INVESTORS SERIES PLC

(the "Company")

 

I/We*                                                                                                                                                                                    

 

of                                                                                                                                                                                           

 

being a Shareholder/Shareholders* of the above named Company hereby appoint --the chairman

or, failing him/her, Jacqui Horgan, Ken Barry, Ciara Timon, Julieann Byrne, Ciara Long, Zuzana Caisova or Sheryl King of State Street (International) Limited or, failing him/her,

                                                                     of  ____________________________________________________

 

as my/our* proxy to vote on my/our* behalf in the manner indicated below at the annual general meeting of the Company to be held at the registered office of the Company, c/o State Street Fund Services (Ireland) Limited, 78 Sir John Rogerson's Quay, Dublin 2, D02 HD32, Ireland on 29 September 2017 at 12pm and at any adjournment thereof.

 

 

Signed    __________________________

 

Dated this ------____   day of ___--______, 2017

 

(*delete as appropriate)

 

FOR CONSIDERATION AND REVIEW

 

To receive and consider the Directors' report, the auditor's report and financial statements for the fiscal year ended 31 December 2016 and to review the Company's affairs.

 

ORDINARY RESOLUTIONS

                                                                                                                                                For/Yes            Against/No

1.     To re-appoint PricewaterhouseCoopers as auditors to the Company.

 



2.     To authorise the Directors to fix the remuneration of the auditors.

 



 

Shareholders of the GLOBAL ADVANTAGE REAL RETURN FUND - ORDINARY RESOLUTION 

                                                                                                                                                For/Yes            Against/No

1.     To approve the amendment to the Investment Policy as outlined in Appendix III.

 



 

Notes to Form of Proxy

 

 

1.      Two Shareholders present in person or by proxy entitled to vote shall be a quorum for all purposes.  If within half an hour from the time appointed for the annual general meeting, a quorum is not present, it shall be adjourned to the same day in the next week, at the same time and place or to such other day and at such other time and place as the Directors may determine. A Shareholder entitled to attend and vote at any such adjourned meeting is entitled to appoint a proxy to attend, speak and vote in his place and that proxy need not be a Shareholder of the Company.  This notice shall be deemed to constitute due notice of any such adjourned meeting within the meaning of the M&A. 

 

2.      A Shareholder may appoint a proxy of his own choice. If the appointment is made, insert the name of the person appointed as proxy in the space provided. A person appointed to act as a proxy need not be a Shareholder.

 

3.      If the appointer is a corporation, this form must be under the common seal or under the hand of an officer or attorney duly authorised on his behalf.

 

 

5.      If this form is returned without any indication as to how the person appointed proxy shall vote he will exercise his discretion as to how he votes or whether he abstains from voting.

 

6.      To be valid, this form must be completed and deposited by mail or by fax for the attention of Ciara Timon, State Street Fund Services (Ireland) Limited, 78 Sir John Rogerson's Quay, Dublin 2, D02 HD32, Ireland or sent to fax number +353 1 4161450, not less than 48 hours before the time fixed for holding the annual general meeting or adjourned meeting.

 

7.      If you have any questions regarding the information provided in this circular please contact PIMCO Shareholder Services at the following numbers: EMEA: +353 1 776 9990, Hong Kong: +852 35561498, Singapore: +65 68267589, Americas: +1 416 5068337.  Alternatively, you may contact us by email at: PIMCOEMteam@StateStreet.com.

 

 

 

 

 

 

  

 

APPENDIX III

 

 

Please find below the relevant extract from the Supplement of the Global Advantage Real Return Fund highlighting the proposed amendments thereto by deletion and underline.

 

Legend

Text which has been inserted

Text which has been deleted

 

1.             Paragraph 5 of the Investment Policy for the Global Advantage Real Return Fund shall be amended, as follows:

 

"The Fund invests primarily in investment grade Fixed Income Instruments, but may invest up to 10% of its assets in Fixed Income Instruments that are rated lower than Baa by Moody's or lower than BBB by S&P or equivalently rated by Fitch, but rated at least B by Moody's or S&P or equivalently rated by Fitch (or, if unrated, determined by the Investment Advisor to be of comparable quality). The aforementioned 10% limit shall not apply to Fixed Income Instruments denominated in their local currency issued by governments, their agencies or instrumentalities, or supranationals."

 

 

 

 

 

 

 

 

 

 

 

 

 

 

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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