On May 8, 2014, Brigade Capital Management, LLC announced that it has had discussions with representatives of PIMCO Income Strategy Fund II and its sub-advisor regarding financing alternatives and a possible tender offer by the Company for the shares. During these discussions, in order to meet a deadline imposed by the Company's bylaws, Brigade Capital notified the secretary of the Company of its intention to nominate 1 individual for election to the Company's board of trustees at the next annual meeting of the Company's shareholders. Subsequent to the notification, Brigade Capital entered into a confidentiality agreement with the Company's investment manager and the Company's sub-advisor as part of the on-going discussions, which provides, among other things, that Brigade Capital has agreed to withdraw and suspend this nomination during a two-week period, subject to a possible later resubmission.
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5-day change | 1st Jan Change | ||
7.28 USD | -0.14% | -1.22% | +0.69% |
1st Jan change | Capi. | |
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+0.69% | 574M | |
+6.54% | 13.12B | |
+13.15% | 9.66B | |
+0.75% | 5.63B | |
+6.69% | 5.48B | |
+6.91% | 5.25B | |
+32.80% | 4.92B | |
+23.89% | 4.72B | |
+1.61% | 4.06B | |
+3.27% | 3.89B |
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- Brigade Capital Enters into a Confidentiality Agreement with PIMCO Income Strategy Fund II