PIMCO HIGH INCOME FUND 8-K

What Happened
PIMCO High Income Fund (PHK) filed an 8-K on June 24, 2026 announcing changes to its investment policy. Effective June 24, 2026, the Fund is permitted to invest in and/or originate loans as a principal investment strategy. Additionally, effective July 24, 2026, the Fund is permitted to invest without limitation in bank loans. A prospectus/SAI supplement describing these changes is attached as Exhibit 99.1 to the filing.

Key Details

• Filing date: June 24, 2026 (8-K).
• Effective June 24, 2026: Fund may invest in and/or originate loans as a principal investment strategy.
• Effective July 24, 2026: Fund may invest without limitation in bank loans.
• Disclosure supplement: Prospectus and statement of additional information supplement included as Exhibit 99.1. The 8-K was signed by Ryan G. Leshaw, Chief Legal Officer and Secretary, on June 24, 2026.

Why It Matters
This change formally broadens the Fund’s allowable strategies to include originating loans and unrestricted investment in bank loans, which can alter the Fund’s credit, interest-rate and liquidity profile. For investors, that means PHK may increase exposure to loan instruments (including floating-rate bank loans) as a primary way to pursue yield—potentially affecting income, volatility and risk characteristics of the fund. Review the attached prospectus/SAI supplement (Exhibit 99.1) for details on how portfolio construction, risks and objectives may be adjusted.