On June 20, 2014, Brigade Capital Management, LLC and Brigade Leveraged Capital Structures Fund Ltd. filed a preliminary proxy statement stating that the PIMCO Income Strategy Fund II's (PFN) current boards of trustees (except Alan Miller) have not acted in the best interests of the shareholders and sought the support of shareholders at the annual meeting of shareholders scheduled to be held on July 31, 2014 to vote 'for' the election of Marti Murray to serve as a Class I Preferred Shares trustee of PFN.