/EINPresswire.com/ -- TORONTO, ONTARIO -- (Marketwired) -- 08/04/16 -- PIMCO Canada Corp. (PIMCO), the manager of the PIMCO Canada Funds, today announced management fee reductions to PIMCO Canadian Short Term Bond Fund and PIMCO Canadian Total Return Bond Fund. Effective September 1, 2016, PIMCO will reduce management fees by up to 20 basis points on PIMCO Canadian Short Term Bond Fund and PIMCO Canadian Total Return Bond Fund.

Effective on or about October 3, 2016, PIMCO will change the distribution policy of PIMCO Balanced Income Fund (Canada). PIMCO Balanced Income Fund (Canada) will declare and distribute income to unitholders quarterly, rather than crediting net income daily to unitholders' accounts and distributing net income quarterly. PIMCO Balanced Income Fund (Canada) will continue to distribute net realized capital gains annually.

Fee Reductions

Effective September 1, 2016, PIMCO will reduce management fees on PIMCO Canadian Short Term Bond Fund to: Series A (1.00%), Series F (0.50%), Series M (0.45%) and Series O (0.95%) and on PIMCO Canadian Total Return Bond Fund to: Series A (1.00%), Series F (0.50%), Series M (0.46%) and Series O (0.96%).

For further information on PIMCO Canada Corp. and the PIMCO Canada Funds, please visit www.pimco.ca or call 1-877-506-8126 (416-506-8187 in Toronto).

About PIMCO

PIMCO is a leading global investment management firm, with 13 offices in 12 countries throughout the Americas, Europe and Asia. Founded in 1971, PIMCO offers a wide range of innovative solutions to help millions of investors worldwide meet their needs. PIMCO's goal is to provide attractive returns while maintaining a strong culture of risk management and long-term discipline. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.

Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The PIMCO Canada Mutual Funds are available for sale in each of the provinces and territories of Canada and only through dealers authorized for that purpose. PIMCO Canada Corp., 199 Bay Street, Suite 2050, Commerce Court Station, P.O. Box 363, Toronto, ON, M5L 1G2, 416-368-3350.

Contacts:
Michael Reid
PIMCO - Media Relations
212-739-3253