PIMCO Income Strategy Fund II 8-K

What Happened
PIMCO Income Strategy Fund II (PFN) announced in an 8-K filed June 24, 2026 (Item 8.01) that, effective as of June 24, 2026, the Fund is permitted to, as a principal investment strategy, invest in and/or originate loans. A supplement to the Fund’s prospectus and statement of additional information disclosing this change is attached to the filing as Exhibit 99.1. The filing is signed by Ryan G. Leshaw, Chief Legal Officer and Secretary, dated June 24, 2026.

Key Details

• Effective date: June 24, 2026.
• Change: Fund may "invest in and/or originate loans" as a principal investment strategy.
• Disclosure: Prospectus and SAI supplement included as Exhibit 99.1 to the 8-K.
• Filing: Reported under Item 8.01 (Other Events); Exhibit filing noted under Item 9.01.

Why It Matters
Allowing the Fund to invest in or originate loans expands the types of assets the portfolio can hold, which can affect yield potential, credit exposure, and liquidity characteristics of the Fund. Retail investors should review the prospectus supplement (Exhibit 99.1) for details on the types of loans, underwriting standards, concentration limits, and any new risks or fee changes. This filing does not disclose transaction sizes, target allocation or performance estimates, so investors should watch future reports and statements for how this strategy is implemented.