Pimco REIT Files For $600 Mln IPO

(RTTNews) – Real estate investment trust Pimco REIT Inc. has filed for an initial public offering of up to $600 million of its common stock.
The company, which is managed by a unit of bond-fund manager Pacific Investment Management Co.
LLC, said in a filing with the Securities and Exchange Commission that it will apply to list its common stock on the New York stock exchange under the symbol “PIMR”.Pimco REIT is a newly formed real estate finance company that intends to invest in mortgage-backed securities and other real-estate debt and assets.
Upon completion of the IPO, the company will acquire a portfolio of agency residential mortgage-backed securities issued or guaranteed either by a U.S.
government agency or a federally chartered company like Fannie Mae (FNMA.OB:

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