Davis Polk advised Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, UBS Securities LLC and Wells Fargo Securities, LLC as representatives of the several underwriters on the $1.015 billion SEC-registered initial public offering of 40,600,000 shares of common stock of PIMCO Dynamic Income Fund. The shares are listed on the New York Stock Exchange under the symbol “PDI.”
PIMCO Dynamic Income Fund is a newly organized, non-diversified, closed-end management investment company advised by Allianz Global Investors Fund Management LLC and sub-advised by Pacific Investment Management Company LLC.
The Davis Polk corporate team included partner Joseph A. Hall and associates John K. Doulamis and Roshni S. Banker. Partner Rachel D. Kleinberg and associate Gregory T. Hannibal provided tax advice. Counsel Susan Betteridge Baker provided Investment Company Act advice. Counsel Marcie A. Goldstein provided FINRA advice. Rosemarie Melendez was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.
