PIMCO Mortgage Income Trust Inc. Postpones Initial Public Offering

NEWPORT BEACH, Calif., May 14, 2019 (GLOBE NEWSWIRE) -- PIMCO Mortgage Income Trust Inc. (the “Company”) today announced that it has postponed its previously announced initial public offering. The Company elected to postpone the offering as a result of unfavorable equity market conditions, specifically in the market for initial public offerings.

A registration statement on Form S-11, including a prospectus, relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective.  These securities may not yet be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About PIMCO Mortgage Income Trust

The Company is a real estate finance company that intends to acquire, manage and finance, directly or through our subsidiaries, Agency RMBS, MSRs, Non-Agency RMBS, residential mortgage loans and other real estate-related assets. The Company is externally managed and advised by Pacific Investment Management Company LLC.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. In particular, statements pertaining to the Company’s use of the net proceeds from the offering and the concurrent private placement contain forward-looking statements. When used in this press release, the words “estimate,” “anticipate,” “expect,” “believe,” “intend,” “may,” “will,” “should,” “seek,” “approximately” or “plan,” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters are intended to identify forward-looking statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions of management. Forward-looking statements involve numerous risks and uncertainties and you should not rely on them as predictions of future events. Forward-looking statements depend on assumptions, data or methods that may be incorrect or imprecise and the Company may not be able to realize them. The Company does not guarantee that the transactions and events described will happen as described (or that they will happen at all). You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. While forward-looking statements reflect the Company’s good faith beliefs, they are not guarantees of future performance. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as required by law. In light of these risks and uncertainties, the forward-looking events discussed in this press release might not occur as described, or at all.

Contact:
Agnes Crane
PIMCO – Media Relations
Ph. 212-597-1054
Email: [email protected]