The Board of Trustees/Directors of the PIMCO closed-end funds has declared a special year-end distribution of PIMCO Income Opportunity Fund at $0.1600 per share. The distributions are payable on December 23, 2019 to shareholders of record on December 16, 2019, with an ex-dividend date of December 13, 2019. In addition to the regular monthly dividend, this special year-end distribution is being paid to allow the Funds to meet their 2019 distribution requirements for federal excise tax purposes. The Funds’ total distribution will be taxable to shareholders in 2019.