Daniel J. Ivascyn Updates Stake in PIMCO Flexible Real Estate Income Fund

The amended filing shows a reduced ownership percentage due to an increase in fund shares.

November 01, 2024

Ivascyn Holds 10% Stake in PIMCO Flexible Real Estate Income Fund Amid Share Increase

Daniel J. Ivascyn, a prominent investor and key figure at PIMCO, recently filed an amendment to his Schedule 13D, disclosing an updated ownership stake in the PIMCO Flexible Real Estate Income Fund. As of the filing date, Ivascyn holds approximately 2,636,175 shares in the fund, representing about 10% of the total outstanding common shares. This figure includes both his direct holdings and shares held in trusts for his children.

Ownership Percentage Impacted by Increased Share Count

The reduction in Ivascyn’s ownership percentage stems from an increase in the total number of outstanding shares in the PIMCO Flexible Real Estate Income Fund. While the number of shares under his control has not changed significantly, the rise in total shares available means his proportional stake has effectively decreased. This adjustment underscores the dynamic nature of fund ownership as share counts fluctuate.

Strategic Long-Term Involvement

Ivascyn’s continued investment in the PIMCO Flexible Real Estate Income Fund highlights his long-term commitment to real estate and income-focused assets. The fund primarily aims to generate income by investing in a diversified real estate portfolio, aligning well with Ivascyn’s investment philosophy. His involvement in the fund may signal a positive outlook on real estate-backed income streams, particularly as markets adapt to changing economic conditions.