PIMCO Dynamic Credit Income Fund and Pacific Investment Management Company LLC, the Fund's sub-adviser, announced that effective immediately, Daniel J. Ivascyn will join the Fund's portfolio management team and Marc P. Seidner will no longer be a portfolio manager for the Fund. Alfred T. Murata, Mark R. Kiesel, Elizabeth MacLean and Sai S. Devabhaktuni will continue as portfolio managers on the team along with Mr. Ivascyn. Mr. Murata will replace Mr. Seidner as lead portfolio manager primarily responsible for the day-to-day management of the Fund.

He, along with Mr. Ivascyn, is a co-manager for the PIMCO Dynamic Income Fund.