Clearstream Banking1 inform customers that PIMCO ETFs plc intends to convert its Irish-domiciled Exchange-Traded Funds (ETFs) to the ICSD model in Common Depository structure effective
26 October 2020
This migration will consist of 17 ETFs issued under the PIMCO ETFs plc umbrella with record date 23 October 2020 and effective date 26 October 2020.
Impact on customers
No action is required from customers for the conversion of the securities into the international ETF structure. However, depending on the customers’ current settlement arrangements, there may be actions for them to take. Please refer to the attached PDF, which provides relevant details.
Further information
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
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1. Clearstream Banking refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500, and Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248.
