0001193125-24-203754.txt : 20240820 0001193125-24-203754.hdr.sgml : 20240820 20240820172341 ACCESSION NUMBER: 0001193125-24-203754 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240820 DATE AS OF CHANGE: 20240820 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PIMCO Income Strategy Fund II CENTRAL INDEX KEY: 0001296250 ORGANIZATION NAME: IRS NUMBER: 201619298 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-249436 FILM NUMBER: 241226336 BUSINESS ADDRESS: STREET 1: 1633 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212 739-4000 MAIL ADDRESS: STREET 1: 1633 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: PIMCO Floating Rate Strategy Fund DATE OF NAME CHANGE: 20040701 424B3 1 d885509d424b3.htm 424B3 424B3

PIMCO INCOME STRATEGY FUND II

(the “Fund”)

Supplement dated August 20, 2024 to the Fund’s Prospectus Supplement and Prospectus, each dated April 24, 2024, as supplemented from time to time

(respectively, the “Prospectus Supplement” and the “Prospectus”)

On August 15, 2024, the Fund’s Board of Trustees (the “Board”) approved the addition of a non-fundamental investment guideline for the Fund to invest at least 50% of the Fund’s total assets in corporate securities.

Accordingly, effective September 20, 2024, the following sentence is added before (i) the first sentence of the third paragraph of the “Portfolio Contents” section on the cover pages of the Prospectus; (ii) the first sentence of the fourth paragraph of the “Prospectus Summary—Portfolio Contents” section of the Prospectus; and (iii) the first sentence of the fourth paragraph of the “Portfolio Contents—Principal Investment Techniques” section of the Prospectus:

The Fund normally invests at least 50% of its total assets in corporate debt obligations and other corporate securities, including fixed-, variable- and floating-rate bonds, debentures, notes and other similar types of corporate debt instruments, such as preferred shares, convertible securities, bank loans and loan participations and assignments, payment-in-kind securities, step-ups, zero-coupon bonds, bank capital securities, bank certificates of deposit, fixed time deposits and bankers’ acceptances, stressed debt securities, structured notes and other hybrid instruments, common stocks and other equity securities.

Investors Should Retain This Supplement for Future Reference

PFN_SUPP1_082024