8 material Form 8-K filings that 8 companies we cover made with the SEC in December 2022, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).
The board of PIMCO Global StocksPLUS & Income Fund (PGP) approved removing a non-fundamental investment disclosure guideline on leverage, along with related asset segregation and coverage requirements it said no longer apply, effective immediately. The fund remains subject to other leverage limits under Section 18 of the Investment Company Act of 1940, and the change is a disclosure update rather than a stated change to the fund's investments.
Board approved removal of a non-fundamental leverage disclosure guideline, effective immediately (December 22, 2022 filing)
Related asset segregation and coverage requirements also removed as no longer applicable
Fund remains subject to other Section 18 leverage limitations under the Investment Company Act of 1940
Change will appear in shareholder reports starting with the semi-annual N-CSRS for the period ended December 31, 2022
Shareholders of Japan Smaller Capitalization Fund approved on December 15, 2022 a new Management Agreement with Nomura Asset Management U.S.A. Inc. that changes the fee structure, with the new agreement effective December 31, 2022. The filing says all other terms are substantially identical to the current agreement, so the fee schedule is the main change for shareholders.
Management fee of 0.90% annually on average weekly net assets up to $250 million
Management fee of 0.80% annually on average weekly net assets above $250 million
Shareholders approved the agreement on December 15, 2022; effective date is December 31, 2022
The fund entered a distribution agreement dated December 14, 2022, with Foreside Fund Services, allowing it to sell common shares worth up to $150 million at market prices over time. Foreside has also engaged UBS Securities as a sub-placement agent for these sales. The filing does not report any shares sold yet, but future sales could add shares outstanding and raise capital for the fund.
Up to $150 million of common shares may be offered through Foreside Fund Services as agent, from time to time.
The fund pays Foreside a 1.00% commission on gross sale proceeds; Foreside pays UBS up to 0.80% of those proceeds.
Agreements are dated December 14, 2022, under a prospectus supplement and a shelf registration on Form N-2 (File No. 333-267555).
The fund may not sell shares below current net asset value, excluding distributing commissions or discounts.
Terreno Realty Corporation's board expanded by one seat and appointed Irene H. Oh as a director, effective January 1, 2023. She will also serve on the Nominating and Corporate Governance, Compensation, and Audit committees, and the board determined she meets applicable independence and qualification requirements. The change adds a board member rather than altering the company's financial results or operations.
Board appointed Irene H. Oh as a director on December 12, 2022, effective January 1, 2023
Board expanded by one seat to accommodate the appointment
Oh will serve on the Nominating and Corporate Governance, Compensation, and Audit committees
Oh will receive standard independent director compensation and enter an indemnification agreement
Eagle Capital Growth Fund, Inc. reported a change in its independent auditor under Item 4.01 of Form 8-K. The filing includes a December 5, 2022 letter from Plante & Moran, PLLC, which says the firm agrees with the Item 4.01 statements about it and has no basis to agree or disagree with the rest of the disclosure. The filing does not include the Item 4.01 text itself, so the reason for the change is not stated here.
Form 8-K dated and filed December 5, 2022, citing Item 4.01 (Auditor Change) and Item 9.01 (Financial Statements and Exhibits)
Exhibit 99.1 is a letter from Plante & Moran, PLLC, Grand Rapids, MI, dated December 5, 2022, addressed to the SEC
Plante & Moran states it agrees with the Item 4.01 statements about the firm and has no basis to agree or disagree with other statements
Report signed by Luke E. Sims, President and Chief Executive Officer
The fund's board declared a monthly distribution of $0.2205 per common share, payable January 3, 2023, to shareholders of record on December 12, 2022, with an ex-dividend date of December 9, 2022. The filing says the distribution is one of several declared across PIMCO closed-end funds and reports no change from the prior month's amount.
Distribution amount: $0.220500 per common share (NYSE: PDI)
Payable January 3, 2023; record date December 12, 2022; ex-dividend date December 9, 2022
Filing reports no change from the previous month and an annualized current distribution rate of 14.34% of NAV and 13.34% of market price as of October 31, 2022
PCM Fund, Inc.'s board declared a monthly distribution of $0.08 per common share, payable January 3, 2023 to holders of record on December 12, 2022, with an ex-dividend date of December 9, 2022. The distribution amount is unchanged from the previous month, and the filing reports no change in the fund's results.
Monthly distribution of $0.08 per common share (NYSE: PCM), unchanged from the previous month
Payable January 3, 2023 to shareholders of record on December 12, 2022
Ex-dividend date is December 9, 2022
Fund distribution rate was 13.15% of NAV and 11.66% of market price as of October 31, 2022
The board of PIMCO Strategic Income Fund, Inc. (NYSE: RCS) declared a monthly distribution of $0.051 per common share, unchanged from the previous month. Shareholders of record on December 12, 2022 will receive the payment on January 3, 2023, with an ex-dividend date of December 9, 2022.
Monthly distribution of $0.051 per common share, unchanged from the previous month
Ex-dividend date is December 9, 2022; record date is December 12, 2022
Payment date is January 3, 2023
Annualized current distribution rate was 14.13% of NAV and 12.05% of market price as of October 31, 2022
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Briefs marked “Written later” were written in November 2026 for filings that were by then more than three weeks old, so months before mid-October 2026 hold a selection: every material 8-K of the past year for the 100 largest companies we cover and the last 15 important 8-Ks of every other one. Briefs the number check holds back are not shown or counted. Also: the last 45 days, briefs by company, A–Z and the live SEC filings wire.