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PCN · PIMCO Corporate & Income Strategy Fund

Know the company

Company overview

PIMCO Corporate & Income Strategy Fund owns income-producing debt across credit markets. Borrowers' interest payments are its income engine, while active credit and interest-rate decisions shape the value of the portfolio.

Business: Multi-sector credit CEF
Listing: PCN · New York Stock Exchange
Reporting period: 2026-06-30
Dividend schedule: Monthly

How the business works

PCN earns interest from the bonds and other debt it owns. After financing and fund costs, the remainder becomes net investment income for common shareholders. Credit gains or losses and changing bond values are separate parts of the fund's total result.

PIMCO Corporate & Income Strategy Fund: financial report supporting reported earnings

Dividend & earnings snapshot

Dividend payments

Per common share

$0.1125Reviewed declaration · Payment Oct 1, 2026

Regular dividend

Announced Sep 1, 2026

Dates and company reports

Announcement: Sep 1, 2026
Declaration: Sep 1, 2026
Ex-dividend: Sep 11, 2026
Record: Sep 11, 2026
Payment: Oct 1, 2026

Dividend declaration for payment Oct 1, 2026 · www.pimco.com · Announced Sep 1, 2026

Extras are shown separately and are not assumed to repeat.

Reported earnings

Each measure shown separately, per share

Net investment income$1.16

Jul 1, 2025 to Jun 30, 2026

Distribution yield11.84%Sourced distributions divided by dated market price

Trailing 12-month income yield10.85%Net investment income for Jul 1, 2025 to Jun 30, 2026, divided by market price $10.6900 on Sep 29, 2026. Historical income; not a forecast.

Reported annual investment income$1.16Per share for 2026 FY. Excludes investment gains.

Annual dividend$1.35Current regular payment annualized per share

Dividend payment history

Date or month	Per share
Oct 1, 2026	$0.1125

Reported earnings and sources

Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.

Reporting period	Per share	Source
Jul 1, 2025 to Jun 30, 2026	$1.16	SEC Announced Sep 4, 2026

Cash distributions and reported returns

Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.

Reporting period	Ending NAV	NAV change	Distributions / share	Reported NAV total return	Source
Jul 1, 2025 to Jun 30, 2026	$11.50	-2.71%	$1.35	Not available	PCN financial highlights; reported period, not annualized. NAV total return omitted where the table reports only market-price return. Original PCN own-CIK SEC URL retained for provenance: https://www.sec.gov/Archives/edgar/data/0001160990/000119312526382391/d102382dncsr.htm
Jul 1, 2024 to Jun 30, 2025	$11.82	+3.68%	$1.35	Not available	PCN financial highlights; reported period, not annualized. NAV total return omitted where the table reports only market-price return. Original PCN own-CIK SEC URL retained for provenance: https://www.sec.gov/Archives/edgar/data/0001160990/000119312526382391/d102382dncsr.htm

View older history (up to 7 years)

Reporting period	Ending NAV	NAV change	Distributions / share	Reported NAV total return	Source
Jul 1, 2023 to Jun 30, 2024	$11.40	+2.33%	$1.35	Not available	PCN financial highlights; reported period, not annualized. NAV total return omitted where the table reports only market-price return. Original PCN own-CIK SEC URL retained for provenance: https://www.sec.gov/Archives/edgar/data/0001160990/000119312526382391/d102382dncsr.htm
Jul 1, 2022 to Jun 30, 2023	$11.14	-3.97%	$1.50	Not available	PCN financial highlights; reported period, not annualized. NAV total return omitted where the table reports only market-price return. Original PCN own-CIK SEC URL retained for provenance: https://www.sec.gov/Archives/edgar/data/0001160990/000119312526382391/d102382dncsr.htm
Aug 1, 2021 to Jun 30, 2022	$11.60	-20.22%	$1.24	Not available	SEC Financial Highlights, exact PCN common-share eleven-month fiscal bridge from August 1, 2021 through June 30, 2022 after fiscal year-end change. Cash is not annualized. The reported -27.59% total investment return uses market price, not NAV; no NAV return is inferred. Company fiscal market value $12.65 is source evidence only, not an approved exchange close.

NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.

How to read PCN income

Interest after fund expenses is the main recurring income measure. Compare it with distributions for the same full reporting period.

Watch defaults, interest-rate changes and expenses. Income can hold up while falling bond or loan values reduce NAV.

Income and distributions

Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. Interest after fund expenses is the main recurring income measure. Compare it with distributions for the same full reporting period.

Reporting period	Net investment income/share	Total distributions/share	Income coverage
2025-07-01 to 2026-06-30	$1.16	$1.35	85.9%
2024-07-01 to 2025-06-30	$1.20	$1.35	88.9%

View older history (up to 7 years)

Reporting period	Net investment income/share	Total distributions/share	Income coverage
2023-07-01 to 2024-06-30	$0.99	$1.35	73.3%
2022-07-01 to 2023-06-30	$1.16	$1.50	77.3%
2021-08-01 to 2022-06-30	$1.11	$1.24	89.5%

The assets behind the earnings

How PCN makes money

Financial snapshot: 2026-06-30. Research reviewed 2026-09-18. Compare results for the reporting periods shown. Historical results are not a forecast.

The assets it owns

$850.159 million net assets662 holdings · As of 6/30/2026

Net assets checked 2026-09-11. Borrowings and preferred financing are excluded from this net-assets figure.

A complete, comparable portfolio allocation is not available for this chart. No percentages have been estimated.

PIMCO Corporate & Income Strategy Fund: net assets and portfolio information, checked 2026-09-11

Reported earnings and distributions

2025-07-01 through 2026-06-30 · $ per share

Fund net investment income per common share; actual reporting period, not annualized$1.1600

For the year ended June 30, 2026, PCN reported $1.16 of net investment income per share against $1.35 of regular distributions. Income covered much of the monthly cash paid, with a remaining gap to revisit in the next comparable filing.

PIMCO Corporate & Income Strategy Fund: financial report supporting reported earnings

The income-producing business

Portfolio dividends and interest, realized investment results and any option activity contribute to distribution resources after expenses. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.

The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.

PIMCO Corporate & Income Strategy Fund: financial report supporting reported earnings

Financing can amplify income and losses

The portfolio information checked September 11, 2026 reports effective leverage of 22.37%.

Financing can increase earning assets, but its cost reduces income available to common shareholders. When borrowing costs rise or portfolio income falls, the distribution can become harder to sustain.

PIMCO Corporate & Income Strategy Fund: net assets and portfolio information, checked 2026-09-11

What the reported earnings support

PIMCO Corporate & Income Strategy Fund reported $1.1600 per share for 2025-07-01 through 2026-06-30, measured as Fund net investment income per common share; actual reporting period, not annualized.

Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.

PIMCO Corporate & Income Strategy Fund: financial report supporting reported earnings

Portfolio risk

Losses or weaker cash generation in corporate and securitized credit can reduce the resources available for future distributions.

Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.

PIMCO Corporate & Income Strategy Fund: financial report supporting reported earnings

Distribution sustainability

A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.

Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.

PIMCO Corporate & Income Strategy Fund: financial report supporting reported earnings

What would change the earnings picture?

Watch next year's net investment income beside regular distributions. Borrower performance, funding costs and NAV will help explain whether support is improving.

Net asset value (NAV)

NAV per share$10.98Sep 29, 2026

Market price$10.69Sep 29, 2026

PREMIUM / DISCOUNT TO NAV2.64% discountCalculated from the displayed same-date values.

NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.

CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.

NAV source · Market-price source

Fly High context

Watch next year's net investment income beside regular distributions. Borrower performance, funding costs and NAV will help explain whether support is improving.

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U.S. federal · Tax year 2025 · Selected payments only

Dividend tax treatment

For six payments from February through July 2025, PIMCO reported $0.079830 of return of capital out of $0.6750 distributed per common share.

These figures cover only the February through July 2025 payments. They describe $0.6750 per share across 6 payments, not the full 2025 tax mix. The company form identifies return of capital for these six payments only. It does not classify the rest of the payments as ordinary dividends, or tell us the full calendar-year mix. Use your Form 1099-DIV for the full year. See the company's tax filing.

Total ordinary dividends: Not confirmed
Qualified dividends: Not confirmed
Capital-gain distributions: Not confirmed
Return of capital: 11.83%

The payments named above have company-backed tax information, and that is worth seeing. Other 2025 payments may have a different mix, so we have not extended these percentages beyond the dates the source actually covers. Your full-year tax statement completes the story.

Read the source behind these figures. Your Form 1099-DIV is the guide for your own filing.

Tax year: 2025, selected payments only.

Tax details and source

Total ordinary dividends (includes qualified): Not confirmed
Section 199A portion (within ordinary dividends): Not confirmed
Exempt-interest distributions: Not confirmed
Reporting form: Form 1099-DIV
Source date: Not stated

Covered payment dates: 2025-02-03, 2025-03-03, 2025-04-01, 2025-05-01, 2025-06-02, 2025-07-01.

Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.

Tax source

Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.

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