PIMCO Canada Corp. completes C$245M initial public offering of PIMCO Multi-Sector Income Fund

On March 10, 2022, PIMCO Canada Corp. completed a C$245 million initial public offering of PIMCO Multi-Sector Income Fund. The Fund was created to invest in an actively managed portfolio of debt obligations, other income-producing securities and instruments, and real estate-related investments.

The initial public offering was co-led by RBC Capital Markets, National Bank Financial Inc. and CIBC Capital Markets, together with a syndicate comprised of TD Securities Inc., BMO Capital Markets, Scotiabank, Canaccord Genuity Corp., Raymond James Ltd., Richardson Wealth Limited, Desjardins Securities Inc., Echelon Wealth Partners Inc., Hampton Securities Ltd., iA Private Wealth Inc., and Manulife Securities Inc.
PIMCO Canada Corp, headquartered in Toronto, Ontario, is a fixed income investment manager offering its clients investment solutions.

RBC Capital Markets, based in Toronto, Ontario, is a global investment bank providing services in banking, finance and capital markets to its clients.

McCarthy Tétrault LLP advised RBC Capital Markets, as co-lead agent, with a team led by Andrew Armstrong that included Victoria Zed (Business).