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

The purchase of 300,000 common shares signals a significant investment move in the real estate income fund.

September 13, 2024

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

The purchase of 300,000 common shares signals a significant investment move in the real estate income fund.

Daniel J. Ivascyn, a prominent member of the Pacific Investment Management Company LLC (PIMCO), recently acquired a substantial number of shares in the PIMCO Flexible Real Estate Income Fund (REFLX). According to the latest SEC filing, Ivascyn, a member of PIMCO's Executive Committee and a portfolio manager for the fund, added 300,000 common shares to his portfolio on September 12, 2024, at a purchase price of $10.51 per share.

With this acquisition, Ivascyn's direct ownership now stands at over 2.55 million common shares in the fund, indicating a strategic move to strengthen his position. Furthermore, a portion of the shares is held indirectly through family trusts, with approximately 38,643 shares in each of two separate trusts for children, reinforcing the alignment of family interests with the fund's performance.

Insight into the PIMCO Real Estate Fund

The PIMCO Flexible Real Estate Income Fund, advised by PIMCO, is designed to invest in real estate-related securities. Ivascyn's purchase is notable because it underscores confidence in the fund's potential for growth and income generation. As a senior executive at one of the world’s leading asset management firms, Ivascyn's investment decisions often draw attention, given his insight into market trends and asset performance.

Dividend Reinvestment Plan

A closer look at the filing also reveals that shares were acquired as part of a qualified dividend reinvestment plan. This allows for dividends earned on existing shares to be reinvested in purchasing additional shares, potentially compounding the value over time. The fund itself seeks to achieve its investment objectives by providing a mix of current income and capital appreciation through exposure to a variety of real estate assets.