As filed with the Securities and Exchange Commission on September 20, 2023
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE TO
Tender Offer Statement Under Section 14(d)(1) or 13(e)(1) of the
Securities Exchange Act Of 1934
Amendment No. 1
PIMCO Corporate & Income Opportunity Fund
(Name of Subject Company (Issuer))
PIMCO Corporate & Income Opportunity Fund
(Name of Filing Person (Issuer))
Auction-Rate Preferred Shares, Series M, Series T, Series W, Series TH, and Series F, Par Value $0.00001
(Title of Class of Securities)
72201B200
72201B309
72201B408
72201B507
72201B606
(CUSIP Number of Class of Securities)
Ryan Leshaw
PIMCO Corporate & Income Opportunity Fund
1633 Broadway
New York, NY 10019
Telephone: (949) 720-6980
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of the Person(s) Filing Statement)
With a Copy to:
David C. Sullivan
Ropes & Gray LLP
Prudential Tower
800 Boylston Street
Boston, MA 02199-3600
Telephone: (617) 951-7362
Calculation of Filing Fee
| Transaction Valuation | Amount of Filing Fee | |
| $204,144,000 (a) | $22,496.67 (b) | |
(a) Calculated as the aggregate maximum purchase price to be paid for 8,506 shares in the offer, based upon a price of 96% of the liquidation preference of $25,000 per share (or $24,000 per share).
(b) Calculated at $110.20 per $1,000,000 of the Transaction Valuation.
| ☒ | Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. |
| Amount Previously Paid: | 22,496.67 | Filing Party: | PIMCO Corporate & Income Opportunity Fund | |||
| Form or Registration No.: | Schedule TO | Date Filed: | August 14, 2023 | |||
| ☐ | Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. |
Check the appropriate boxes below to designate any transactions to which the statement relates:
| ☐ | third party tender offer subject to Rule 14d-1. |
| ☒ | issuer tender offer subject to Rule 13e-4. |
| ☐ | going-private transaction subject to Rule 13e-3. |
| ☐ | amendment to Schedule 13D under Rule 13d-2. |
Check the following box if the filing is a final amendment reporting the results of the tender offer. ☐
ITEMS 1THROUGH 9AND ITEM 11.
This Amendment No. 1 (this “Amendment”) amends and supplements the Tender Offer Statement on Schedule TO initially filed by PIMCO Corporate & Income Opportunity Fund, a Massachusetts business trust (the “Fund”). This Schedule TO relates to the Fund’s offer to purchase for cash up to 100% of its outstanding shares of auction-rate preferred shares, $0.00001 par value and a liquidation preference of $25,000 per share, designated Auction-Rate Preferred Shares, Series M, Series T, Series W, Series TH, and Series F (the “Preferred Stock”), upon the terms and subject to the conditions set forth in the Offer to Purchase dated August 14, 2023 (the “Offer to Purchase”) and in the Fund’s related Letter of Transmittal (the “Letter of Transmittal” which, together with the Offer to Purchase, as each may be amended and supplemented from time to time, constitutes the “Offer”), copies of which have been previously filed as Exhibits (a)(1)(i) and (a)(1)(ii) to the Schedule TO, respectively. The price to be paid for the Preferred Stock is an amount per share, net to the seller in cash, equal to 96% of the liquidation preference of $25,000 per share (or $24,000 per share) in cash, plus any unpaid dividends accrued through September 18, 2023, less any applicable withholding taxes and without interest, and subject to the conditions set forth in the Offer, if properly tendered and not withdrawn prior to the Expiration Date (as defined in the Offer). The information set forth in the Offer is incorporated herein by reference with respect to Items 1 through 9 and Item 11 of this Amendment.
This Amendment is the final amendment to the Statement and is being filed to report the results of the Offer. Filed herewith as Exhibit (a)(5)(ii) and incorporated herein by reference is a copy of the press release issued by the Fund dated September 20, 2023 announcing the results of the Offer.
ITEM 10.
Not applicable.
ITEM 12. EXHIBITS.
| Exhibit No. | Document | |
| (a)(1)(i) | Offer to Purchase dated August 14, 2023. (1) | |
| (a)(1)(ii) | Form of Letter of Transmittal. (1) | |
| (a)(1)(iii) | Form of Notice of Guaranteed Delivery. (1) | |
| (a)(1)(iv) | Form of Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees. (1) | |
| (a)(1)(v) | Form of Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees. (1) | |
| (a)(1)(vi) | Form of Notice of Withdrawal. (1) | |
| (a)(5)(i) | Press Release issued on August 14, 2023.(2) | |
| (a)(5)(ii) | Press Release issued on September 20, 2023.* | |
| (d)(i) | Tender Offer Agreement, dated August 11, 2023, by and among PIMCO Corporate & Income Opportunity Fund, PIMCO Corporate & Income Strategy Fund, PIMCO High Income Fund, PIMCO Income Strategy Fund, PIMCO Income Strategy Fund II, PIMCO California Municipal Income Fund, PIMCO California Municipal Income Fund II, PIMCO California Municipal Income Fund III, 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, Pacific Investment Management Company LLC and Bank of America, N.A. (1) | |
| (d)(ii) | Tender Offer Agreement, dated August 11, 2023, by and among PIMCO Corporate & Income Opportunity 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, Pacific Investment Management Company LLC and Oppenheimer & Co., Inc. (1) | |
| EX-FILING FEES | Calculation of Filing Fees Table* | |
*Filed herewith. (1) Incorporated by reference to the Fund’s Schedule TO, as filed with the Securities and Exchange Commission on August 14, 2023. | ||
ITEM 13.
Not applicable.
SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
| PIMCO Corporate & Income Opportunity Fund | ||
| By: | /s/ Eric D. Johnson | |
| Name: | Eric D. Johnson | |
| Title: | President | |
Dated as of: September 20, 2023
EXHIBIT INDEX
| Exhibit No. | Document | |
| (a)(1)(i) | Offer to Purchase dated August 14, 2023. (1) | |
| (a)(1)(ii) | Form of Letter of Transmittal. (1) | |
| (a)(1)(iii) | Form of Notice of Guaranteed Delivery. (1) | |
| (a)(1)(iv) | Form of Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees. (1) | |
| (a)(1)(v) | Form of Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees. (1) | |
| (a)(1)(vi) | Form of Notice of Withdrawal. (1) | |
| (a)(5)(i) | Press Release issued on August 14, 2023.(2) | |
| (a)(5)(ii) | Press Release issued on September 20, 2023.* | |
| (d)(i) | Tender Offer Agreement, dated August 11, 2023, by and among PIMCO Corporate & Income Opportunity Fund, PIMCO Corporate & Income Strategy Fund, PIMCO High Income Fund, PIMCO Income Strategy Fund, PIMCO Income Strategy Fund II, PIMCO California Municipal Income Fund, PIMCO California Municipal Income Fund II, PIMCO California Municipal Income Fund III, 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 and PIMCO New York Municipal Income Fund III, Pacific Investment Management Company LLC, and Bank of America, N.A. (1) | |
| (d)(ii) | Tender Offer Agreement, dated August 11, 2023, by and among PIMCO Corporate & Income Opportunity 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 and PIMCO New York Municipal Income Fund III, Pacific Investment Management Company LLC, and Oppenheimer & Co., Inc. (1) | |
| EX-FILING FEES | Calculation of Filing Fees Table* | |
*Filed herewith. (1) Incorporated by reference to the Fund’s Schedule TO, as filed with the Securities and Exchange Commission on August 14, 2023. | ||