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TORONTO, Dec. 04, 2024 (GLOBE NEWSWIRE) -- PIMCO Canada Corp. (“ PIMCO Canada ”) announced today that at special meetings of the unitholders of PIMCO Tactical Income Fund (TSX: PTI), PIMCO Tactical Income Opportunities Fund (TSX: PTO) and PIMCO Multi-Sector Income Fund (TSX: PIX) (collectively, the “ Funds ”) held on December 4, 2024, unitholders of the Funds approved all matters relating to the reorganization of each Fund (the “ Mergers ”), each currently structured as a trust, whereby holders of units of the Funds will become holders of the same class of units of PIMCO Monthly Enhanced Income Fund (TSX: PMEI), a new non-redeemable investment fund structured as a trust managed by PIMCO Canada, all as more particularly described in the Management Information Circular of the Funds dated October 18, 2024. The necessary regulatory and independent review committee approvals have also been received. Accordingly, PIMCO Canada expects to proceed with the Mergers on December 20, 2024. The Funds will continue to trade as normal up until the Mergers. Units of each Fund are anticipated to be delisted from the Toronto Stock Exchange at market close on December 20, 2024. Subject to satisfying the listing requirements of the Toronto Stock Exchange, units of PIMCO Monthly Enhanced Income Fund are anticipated to commence trading on Monday, December 23, 2024 following the Merger. A copy of the final non-offering prospectus for PIMCO Monthly Enhanced Income Fund will be filed by the Manager and available at the Manager’s website at www.pimco.ca or at www.sedarplus.com. About PIMCO PIMCO is one of the world’s premier fixed income investment managers. With its launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 50+ years since, the firm continued to bring innovation and expertise to our partnership with clients seeking the best investment solutions. Today PIMCO has offices across the globe and 2,500+ professionals united by a single purpose: creating opportunities for investors in every environment. PIMCO is owned by Allianz SE, a leading global diversified financial services provider. Forward-Looking Statements Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect”, “anticipate”, “will” and similar expressions to the extent they relate to the Funds. The forward-looking statements are not historical facts but reflect the Fund’s, PIMCO Canada and/or PIMCO’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including, but not limited to, market factors. Although the Fund, PIMCO Canada and/or PIMCO believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Fund, PIMCO Canada and/or PIMCO undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other factors which affect this information, except as required by law. You will usually pay brokerage fees to your dealer if you purchase or sell units of the investment funds on Toronto Stock Exchange. If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the investment fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. A word about risk: All investments contain risk and may lose value. Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and low interest rate environments increase this risk. Reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed. PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. Individual investors should contact their own financial professional to determine the most appropriate investment options for their financial situation. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO is a trademark of Allianz Asset Management of America LLC in the United States and throughout the world. ©2024, PIMCO The products and services provided by PIMCO Canada Corp. may only be available in certain provinces or territories of Canada and only through dealers authorized for that purpose. PIMCO Canada has retained PIMCO LLC as sub-adviser. PIMCO Canada will remain responsible for any loss that arises out of the failure of its sub-adviser. PIMCO Canada Corp. 199 Bay Street, Suite 2050, Commerce Court Station, P.O. Box 363, Toronto, ON, M5L 1G2 is a company of PIMCO, 416-368-3350 Contact: Agnes Crane PIMCO – Media Relations Ph. 212-597-1054 Email: agnes.crane@pimco.com

NoneOn Friday’s broadcast of CNN’s “OutFront,” Washington Post columnist and CNN host Fareed Zakaria stated that Russia is getting help from China, North Korea, and Iran and “the axis of Russia, China, North Korea, they’re collaborating more than the Japanese and the Germans did during World War II.” Zakaria said [relevant remarks begin around 33:30] that he’s not sure he would describe things as World War III, but “I think it’s fair to say that you now have the outlines of a global coalition. The Russians are being actively assisted by the Chinese, by the North Koreans, by the Iranians. And Ukraine, of course, has the support of a very large cohort of Western and significant non-Western countries. So, if you think of it in those terms, this is a struggle limited in one place, but the coalitions are global. And if you think about the axis of Russia, China, North Korea, they’re collaborating more than the Japanese and the Germans did during World War II. So, yeah, there is a global dimension to it. Though, I don’t think it’s a world war in the sense that it’s not going on all over the world.” Follow Ian Hanchett on Twitter @IanHanchett

SINGAPORE: Three mass casualty incidents that played out in just nine days - the recent spate of what seems to be “revenge on society” attacks in China are raising concerns about underlying societal issues and cannot be dismissed as isolated acts of troubled individuals, analysts told CNA. A brutal car attack in the southern city of Zhuhai on Nov 11 killed 35 people exercising at a sports stadium . Days later, a stabbing incident at a vocational college in eastern China’s Yixing city killed eight and badly injured 17 and on Tuesday (Nov 19), an SUV ploughed into students and pedestrians outside a primary school in Hunan’s Changde, where scores of children were seen fleeing in fear . While the attacker’s motives and the exact injury toll of the latest incident are still unknown, the attacks in Zhuhai and Yixing were “triggered by the dissatisfaction with the division of property following a divorce” and the “failure to obtain a diploma due to poor exam results” respectively, based on police statements. According to official statistics, violent crime in China is lower than global averages. The country’s murder rate in 2023 was 0.46 cases per 100,000 people as compared to 5.7 in the US. But the recent attacks are still raising alarm among many. In addition to the incidents in November, others have been reported in recent months, including a mass stabbing at a supermarket in Shanghai in September and a stabbing at a top school in Beijing the following month in October. ‘THE WORLD IS CRAZY’ Before posts and comments were swiftly taken down , Chinese social media users expressed anger and shock about the recent killings, asking if it was a sign of underlying issues facing society today. “They (the perpetrators) are seeking revenge on society,” remarked a user on the Sina Weibo microblogging site in a comment on a state media post about the Zhuhai car attack, which was later removed. “Why are such incidents happening every day,” asked a user on Douyin, the Chinese version of TikTok especially popular among young users. Another said bluntly: “The world is crazy.” Dr Zhao Litao, a senior research fellow at the National University of Singapore (NUS), told CNA that while it was challenging to establish a link between the rampage incidents “due to limited publicly available information”, there was a common thread – “their nature of acts as ‘social revenge’ (in which) perpetrators act on personal grievances by attacking strangers”. “Victims were often random and unrelated to the perpetrators, which highlighted the unpredictability and indiscriminate targeting involved,” he said, adding that the incidents “amplified public concern about whether the pattern reflected deeper underlying issues”. A police report shows that the 62-year-old perpetrator in Zhuhai took “social revenge” after anger over his divorce settlement. He later attempted suicide and is now in a coma. The 21-year-old suspect in the Yixing stabbing rampage vented his frustration and “attacked others after failing an exam and not receiving his graduation certificate”, according to a statement issued by the Yixing Public Security Bureau. He had also been deeply unhappy over his low internship pay, the statement added. “The complex web of personal traumas and grievances... led them to this fatalistic moment,” said Mr Barclay Bram, a Fellow on Chinese Society at the Asia Society Policy Institute’s Center for China Analysis, who has also researched mental health and psychological counselling in China. He told CNA that the “inability to find other means of resolving issues, access to weapons, and the social contagion effect of other acts of mass violence” could also be contributing factors. Dr Zhao said the attacks highlighted structural issues such as socioeconomic disparities, weakened social norms as well as gaps in psychological support. “Individual mental health challenges are often shaped by broader societal stressors. For instance, work pressures, unemployment, strained relationships, or economic disputes can escalate stress levels,” he added. “It’s critical to ask how and why individuals transition from normalcy to extremity – and what environmental or systemic conditions might be facilitating this shift.” A “sustainable approach” would require tackling the root causes of social discontent, Dr Zhao said. “Policies promoting equitable economic development, robust social safety nets, accessible mental health services and fair dispute resolution mechanisms can reduce the pressures that drive individuals to extreme actions,” he added. THE IMPORTANCE OF MENTAL HEALTH AWARENESS China’s economy is facing a number of challenges – a property crisis, steep public debt as well as rising youth unemployment rates, all of which have taken a toll on both economic and mental health. Mental health remains a growing issue in the country – with reports of people feeling stressed, burnt out , anxious and depressed . Experts have also cited issues like rising costs of living, high unemployment rates and the lack of state support amid a turbulent economy still in post-pandemic recovery. “Chinese society is under significant stress due to a slowing economy, uncertain future and an unstable global climate,” said Mr Bram, who also stressed that it was “hard to generalise across a population as large as that of China”. The long tail of the COVID-19 pandemic and public mistrust caused by the government’s harsh lockdowns “contributed to a sense of hopelessness amongst many in society”, he added. The Blue Book of National Depression, published by the Chinese Academy of Science in 2022, found that for every one million people in China, only 20 had proper access to mental health services – as compared to 1,000 Americans (per million) who enjoyed those benefits and support in the US. Experts like Dr Zhao suggested more proactive approaches to promote mental health awareness and encourage empathy. “The role of social support systems is crucial,” he said. “When individuals lack effective avenues to cope with stress or resolve disputes, their frustrations may accumulate to a breaking point.” But there was also still strong social stigma around treatment and seeking help. “Stigma often prevents individuals from seeking help, leading many to suffer in silence or keep their struggles within the family,” said Dr Jared Ng, a psychiatrist and also the Medical Director of Connections MindHealth, a clinic in Singapore which provides mental health services to a diverse clientele, including Chinese students studying abroad. Limited access to care is another challenge, Dr Ng added. “Psychological support services are concentrated in urban centres like major cities but rural areas have far fewer resources,” he said, adding that early detection and intervention was also crucial in preventing violent episodes. “Socio-economic stressors can push individuals to their breaking point and when combined with substances like drugs or alcohol, these pressures can escalate into extreme actions including harm to themselves or others.” Psychological support alone cannot solve the deep rooted issues, other experts said. “Would increased psychological support be a good thing in this case? Of course,” said Mr Bram. “(But) would it have prevented these instances of social violence altogether? Possibly not, as the dynamics involved are both specific and complex.” ADDRESSING SOCIAL DISCONTENT The violent episodes have also raised questions about the ability of the Chinese government to deal with grievances in society. Following the car attack in Zhuhai, authorities pledged to solve the root of the problem, by better handling issues such as family and property-related disputes. Though not all are buying it. “This is what happens when a government prioritises money and economic growth over the welfare of people,” read a highly rated comment on Weibo before it was deleted. “For those in power, achieving wealth and status is more important than people’s lives,” said another user. Conundrums have existed and persisted over the past decade, said Associate Professor Alfred Wu from the Lee Kuan Yew School of Public Policy (LKYSPP). “Beijing has traditionally relied on a top-down approach to governance to manage security,” Assoc Prof Wu said. “But in reality, the central government can’t actually handle so many things.” “A more effective way would be a rethink on fostering a healthy society and managing that well – including by allowing more grassroots-level initiatives,” he said. In the aftermath of recent incidents, the more immediate response from authorities was to censor information and discourse on the internet. Graphic images showing the extent of the crime scene in Zhuhai – blood and bodies lying in the street, were scrubbed off sites like Weibo and comments critical of efforts by the authorities removed. This level of censorship can be expected, experts previously told CNA, especially in the aftermath of a serious tragedy to “try and control the narrative”. A post sharing details of the most recent incident in Changde on an official procuratorate’s Douyin channel initially garnered over 4,000 comments. However, the number of comments dropped to less than 80 by the next day. Checks by CNA also found that comment sections had been disabled on Weibo a day after the incident. “Such responses (by the Chinese authorities) are largely reactive,” said Dr Zhao, adding that censorship efforts focused more on “containment after incidents occur rather than addressing root causes.” Assoc Prof Wu said that the Chinese government’s current approach has “not been to solve the problem but rather the people who voice out” – and was aimed more at “blocking” and controlling rather than “easing” the situation at hand. But some netizens also caution against oversharing and reporting news about violent incidents, out of concern that they might inspire copycat attacks. “(With a population) of 1.4 billion, there are definitely extremists,” said a user on Xiaohongshu who went by the name Yang Lm, who referenced both car attacks in Changde and Zhuhai. “This is why we shouldn’t report such incidents, there are too many copycat criminals.” There are some merits to restricting and filtering content on social media, said Dr Ng, who also agreed that it could inadvertently lead to “copycat behaviour”. “It is crucial that the content being shared does not glorify the incident,” he said. “Social media platforms have a responsibility to balance raising awareness with protecting the mental well-being of their users,” he added. While efforts by authorities like “risk mapping and enhanced surveillance” may mitigate immediate threats, they are “far from sufficient” as long-term solutions, said Dr Zhao. “The unpredictable nature of attacks makes it nearly impossible to identify all potential perpetrators in advance. Moreover, these measures risk alienating communities if perceived as overly intrusive,” he said. “Policies promoting equitable economic development, robust social safety nets and accessible mental health services can reduce the pressures that drive individuals to extreme actions.” “Building a society where people feel secure, supported and hopeful is key to preventing such tragedies.”

Strictly Come Dancing fans all issue same complaint as Pete Wicks performsZF Group sells 4.3 pc stake in Indian subsidiary for Rs 1,022 croreVolkswagen AG ( OTCMKTS:VWAGY – Get Free Report ) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 463,400 shares, an increase of 24.7% from the November 30th total of 371,500 shares. Based on an average daily trading volume, of 1,142,900 shares, the days-to-cover ratio is presently 0.4 days. Analyst Upgrades and Downgrades Several equities analysts have recently issued reports on the company. Barclays raised Volkswagen to a “strong-buy” rating in a report on Monday, September 23rd. Royal Bank of Canada lowered Volkswagen from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, November 6th. Finally, Dbs Bank raised shares of Volkswagen to a “hold” rating in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”. Get Our Latest Stock Report on VWAGY Volkswagen Price Performance Volkswagen ( OTCMKTS:VWAGY – Get Free Report ) last issued its earnings results on Wednesday, October 30th. The company reported $0.27 earnings per share for the quarter. The firm had revenue of $86.25 billion during the quarter. Volkswagen had a net margin of 3.77% and a return on equity of 6.37%. As a group, equities analysts expect that Volkswagen will post 2.53 EPS for the current fiscal year. About Volkswagen ( Get Free Report ) Volkswagen AG manufactures and sells automobiles in Germany, other European countries, North America, South America, the Asia-Pacific, and internationally. The company operates through four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services. Featured Articles Receive News & Ratings for Volkswagen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Volkswagen and related companies with MarketBeat.com's FREE daily email newsletter .

The year Israel began to live in infamy

Percentages: FG 48.980, FT .769. 3-Point Goals: 6-19, .316 (Twidale 4-8, Krimili 1-3, Maul 1-2, Suarez 0-2, Williams 0-1, Donez 0-3) Blocked Shots: 2 (Abigor 1, Onyiah 1) Turnovers: 21 (Suarez 5, Williams 5, Donez 3, Krimili 3, Onyiah 2, Maul 1, Twidale 1, Team 1) Steals: 8 (Donez 3, Williams 3, Onyiah 1, Suarez 1) Technical Fouls: None Percentages: FG 40.000, FT .667. 3-Point Goals: 4-13, .308 (Jah 1-2, Jones 1-1, Paris 1-2, Williams 1-4, Swann 0-4) Blocked Shots: 2 (Beh 1, Jones 1) Turnovers: 13 (Jones 5, Paris 3, Jah 2, Williams 2, Ross 1) Steals: 11 (Jah 4, Jones 2, Williams 2, Dew 1, Paris 1, Swann 1) Technical Fouls: None A_315 Officials_Angie Leite, Clifford Sims, Scott Osborne

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Rovers produced an impressive first-half performance where they matched Middlesbrough, who had scored 15 goals in three games. In the second, they had to withdraw pressure from the hosts but maintained a threat on the counter-attack. They then took their opportunity with Dom Hyam turning in Todd Cantwell's cross. Having been to watch Boro at Oxford on Saturday, where they scored six, Eustace was impressed with how his team carried out their instructions. They restricted the hosts to two shots on target with Aynsley Pears not having a save of note to make. READ MORE: ROVERS PLAYER RATINGS AS DEFENCE AND MIDFIELD STAND FIRM "I am very proud of the performance," Eustace said. "In the first half, I thought we were very good with the ball. We played some very good stuff but we missed that little bit of belief and we weren't clinical enough in that final third. "In the second half, we were always going to be under pressure. Middlesbrough are a good team and we knew they'd come out strong against us so we had to show a different side to our game. "We were resilient and together and scored a really fantastic goal. We did a lot of work in the last few days, I went to watch them play against Oxford. I don't know if that was a good thing or a bad thing with the amount they scored! "They're an excellent team and we knew we'd have to be disciplined and concentrated with our shape. I thought the lads were excellent. "I try to watch all the opposition and you pick up on things that you don't see on the screens. It's small details but the lads have to go out, work their socks off and defend the box and play their football . It's our instructions but they have to carry it out and everyone was fantastic from the starters to the substitutes." Eustace admitted that Hyam was offside as he bundled the ball into the net. But given the decisions Rovers have had against them this season, the head coach was unapologetic for getting the rub of the green. "It's something the lads have been working on in training, getting those combinations on the sides," he said on the goal, another well-worked team move. "Becky coming in, we knew he could link up well with Todd just like Hedgey does. We have to allow the lads to play with freedom and style, we have good players at the football club. "The goal was another excellent one today. You don't always get the rub of the green but over the course of 46 games, it usually evens itself out. "Tonight we were fortunate because he looked slightly offside. That's what we've deserved after some other decisions and we got that today."

Shares of Atmos Energy Co. ( NYSE:ATO – Get Free Report ) have earned an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $144.31. Several equities research analysts have recently commented on ATO shares. LADENBURG THALM/SH SH boosted their price target on Atmos Energy from $144.00 to $150.50 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company upped their target price on Atmos Energy from $145.00 to $156.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. StockNews.com raised Atmos Energy from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Jefferies Financial Group initiated coverage on shares of Atmos Energy in a research note on Wednesday, October 2nd. They issued a “hold” rating and a $155.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their target price on shares of Atmos Energy from $134.00 to $144.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. View Our Latest Stock Analysis on ATO Atmos Energy Stock Down 0.1 % Atmos Energy Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 25th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Monday, November 25th. This is an increase from Atmos Energy’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a dividend yield of 2.32%. Atmos Energy’s dividend payout ratio is 46.87%. Insider Activity In related news, Director Edward Geiser acquired 2,500 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was purchased at an average cost of $144.89 per share, for a total transaction of $362,225.00. Following the purchase, the director now directly owns 2,602 shares in the company, valued at $377,003.78. This represents a 2,450.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link . Insiders own 0.50% of the company’s stock. Institutional Inflows and Outflows Institutional investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank grew its position in Atmos Energy by 18.6% in the 3rd quarter. Toronto Dominion Bank now owns 100,595 shares of the utilities provider’s stock valued at $13,954,000 after buying an additional 15,777 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in shares of Atmos Energy by 2.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,716 shares of the utilities provider’s stock worth $516,000 after acquiring an additional 104 shares during the period. Barclays PLC boosted its holdings in shares of Atmos Energy by 15.0% in the third quarter. Barclays PLC now owns 560,790 shares of the utilities provider’s stock valued at $77,788,000 after acquiring an additional 73,007 shares in the last quarter. LRI Investments LLC increased its stake in shares of Atmos Energy by 8.5% during the third quarter. LRI Investments LLC now owns 1,871 shares of the utilities provider’s stock valued at $270,000 after acquiring an additional 146 shares during the period. Finally, MML Investors Services LLC raised its holdings in Atmos Energy by 40.2% during the third quarter. MML Investors Services LLC now owns 10,852 shares of the utilities provider’s stock worth $1,505,000 after purchasing an additional 3,113 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock. About Atmos Energy ( Get Free Report Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states. Read More Receive News & Ratings for Atmos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atmos Energy and related companies with MarketBeat.com's FREE daily email newsletter .