News & Resources

Olshan Client Ironsides Partners Launches Campaign to Seek Board Representation at PIMCO Bond Fund

April 2, 2015

Bloomberg Business and other media outlets reported on the launch of a campaign by Olshan client, Ironsides Partners LLC, seeking the election of two candidates to the Board of Trustees of Pimco Dynamic Credit Income Fund (PCI), which is managed by Pacific Investment Management Company, LLC (PIMCO), a global investment management firm headquartered in Newport Beach, California. Ironsides Partners published an open letter wanting PCI to eliminate the 10 percent discount to its $3 billion net asset value of liquid bonds, repurchase shares, and consider a tender offer and an overhaul of the fund’s management after its underperformance. Adam Finerman and Jason Saltsberg represent Ironsides Partners in connection with its activist campaign at PCI.