AMENDMENT TO

INVESTMENT MANAGEMENT AGREEMENTS

 

Pacific Investment Management Company LLC

650 Newport Center Drive

Newport Beach, California 92660

 

March 25, 2022

 

PIMCO-Sponsored Closed-End Funds

650 Newport Center Drive

Newport Beach, California 92660

 

RE:Investment in PIMCO Private Account Portfolio Series To whom it may concern:

 

As of the date hereof, Pacific Investment Management Company LLC (“PIMCO”) and each of PCM Fund, Inc., PIMCO Access Income Fund, PIMCO California Municipal Income Fund, PIMCO California Municipal Income Fund II, PIMCO California Municipal Income Fund III, PIMCO Corporate & Income Opportunity Fund, PIMCO Corporate & Income Strategy Fund, PIMCO Dynamic Income Fund, PIMCO Dynamic Income Opportunities Fund, PIMCO Energy and Tactical Credit Opportunities Fund, PIMCO Flexible Credit Income Fund, PIMCO Flexible Emerging Markets Income Fund, PIMCO Flexible Municipal Income Fund, PIMCO Global StocksPLUS & Income Fund, PIMCO High Income Fund, PIMCO Income Strategy Fund, PIMCO Income Strategy Fund II, PIMCO Municipal Income Fund, PIMCO Municipal Income Fund II, PIMCO Municipal Income Fund III, PIMCO New York Municipal Income Fund, PIMCO New York Municipal Income Fund II, PIMCO New York Municipal Income Fund III and PIMCO Strategic Income Fund, Inc. (each, a “Fund”) hereby agree to amend the investment management agreement, as amended, restated and/or supplemented (each, an “Agreement”), between PIMCO and the Fund, as set forth on Appendix A hereto, to add the following to Schedule A of each Agreement:

 

The Fund may invest in shares of PIMCO Funds: Private Account Portfolio Series – PIMCO Short-Term Floating NAV Portfolio III and PIMCO Funds: Private Account Portfolio Series – PIMCO Short Asset Portfolio, each a series of PIMCO Funds (the “PAPS Central Funds”). The PAPS Central Funds are offered only to the Fund and other registered investment companies (or series thereof) for which PIMCO serves as investment adviser (each, an “Investing Fund”). The PAPS Central Funds and their wholly-owned subsidiaries (if any) do not pay an investment advisory fee to PIMCO. By investing in a PAPS Central Fund, each Investing Fund agrees that 0.005% of the investment management fee that such Investing Fund is currently obligated to pay PIMCO, as indicated on this Schedule A, will be designated as compensation for the investment advisory services PIMCO provides to the applicable PAPS Central Fund and its wholly-owned subsidiary (if any) under the investment advisory contract with PIMCO.

 

 

 

 

If the foregoing correctly sets forth the Agreement between the PIMCO and the Fund, please so indicate by signing, dating and returning to PIMCO the enclosed copy hereof.

 

 

 

 

  Very truly yours,
     
  PACIFIC INVESTMENT MANAGEMENT COMPANY LLC
     
  By: /s/Peter Strelow
  Name: Peter Strelow
  Title: Managing Director

 

ACCEPTED:

 

EACH FUND LISTED ON APPENDIX A HERTO 

(with respect to each Fund, severally and neither jointly nor
jointly and severally with any other Fund)

 

By: /s/Eric Johnson  
Name: Eric Johnson  
Title: President

 

PIMCO FUNDS, on behalf of its series PIMCO Funds:

Private Account Portfolio Series - PIMCO Short-Term Floating
NAV Portfolio III and PIMCO Funds: Private Account
Portfolio Series - PIMCO Short Asset Portfolio

 

By: /s/Eric Johnson  
Name: Eric Johnson  
Title: President

 

 

 

 

Appendix A

 

Agreement Applicable Fund(s)

Investment Management Agreement dated September 5, 2014

 

PCM Fund, Inc. 

PIMCO California Municipal Income Fund

PIMCO California Municipal Income Fund II

PIMCO California Municipal Income Fund III

PIMCO Corporate & Income Strategy Fund

PIMCO Corporate & Income Opportunity Fund

PIMCO Dynamic Income Fund 

PIMCO Global StocksPLUS & Income Fund

PIMCO High Income Fund 

PIMCO Municipal Income Fund 

PIMCO Municipal Income Fund II

PIMCO Municipal Income Fund III 

PIMCO New York Municipal Income Fund

PIMCO New York Municipal Income Fund II

PIMCO New York Municipal Income Fund III 

PIMCO Strategic Income Fund, Inc. 

Investment Management Agreement dated September 5, 2014

PIMCO Income Strategy Fund

PIMCO Income Strategy Fund II

Amended and Restated Investment Management Agreement dated March 21, 2018 

PIMCO Flexible Credit Income Fund 

PIMCO Flexible Municipal Income Fund 

Investment Management Agreement dated December 13, 2018 

PIMCO Energy and Tactical Credit Opportunities Fund 

Investment Management Agreement dated October 8, 2020 

PIMCO Dynamic Income Opportunities Fund
Investment Management Agreement dated June 30, 2021 PIMCO Flexible Emerging Markets Income Fund

Investment Management Agreement dated December 9, 2021 

PIMCO Access Income Fund