Form 3: PCM Director Mark D. Michel Files Initial Statement Showing No Securities

Rhea-AI Filing Summary

Mark D. Michel, a director at PCM Fund, Inc. (PCM), filed an initial Form 3 reporting no beneficial ownership of the issuer's securities. The event date is 09/18/2025 and the form was signed on behalf of Mr. Michel by attorney-in-fact Ryan Leshaw on 09/25/2025. The filing lists Mr. Michel's address as c/o PIMCO, 650 Newport Center Drive, Newport Beach, CA 92660 and includes Exhibit 24 (Power of Attorney).

Insights

Financial Analyst

TL;DR: Form 3 shows a director with no reported holdings, which is a routine disclosure and carries no immediate market impact.

The filing records that Mark D. Michel is a director of PCM Fund, Inc. and reports no securities beneficially owned as of the 09/18/2025 event date. This is an initial ownership statement required by Section 16(a). Because there are no reported holdings or transactions, there are no quantifiable effects on share count, insider concentration, or potential insider sales.

Corporate Governance Expert

TL;DR: Disclosure compliance completed; absence of holdings means no insider alignment with equity-based incentives to disclose.

The Form 3 identifies Mr. Michel as a director and confirms the use of a power of attorney (Exhibit 24) with Ryan Leshaw signing on his behalf. From a governance perspective, the absence of reported holdings is informational only and does not signal director purchases, sales, or equity incentives. The filing fulfills statutory reporting obligations.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Michel Mark D.

(Last) (First) (Middle)

C/O PIMCO

650 NEWPORT CENTER DRIVE

(Street)

NEWPORT BEACH CA 92660

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/18/2025

3. Issuer Name and Ticker or Trading Symbol
PCM FUND, INC. [ PCM ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney No Securities are beneficially owned.

No securities are beneficially owned.

	/s/ Ryan Leshaw, Attorney-in-Fact for Mark D. Michel	09/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Mark D. Michel report on his Form 3 for PCM (PCM)?

The Form 3 states that no securities are beneficially owned by Mark D. Michel as of the 09/18/2025 event date.

What is Mark D. Michel's role at PCM according to the filing?

The filing lists Mark D. Michel's relationship to the issuer as Director.

When was the Form 3 event date and when was it signed?

The event date is 09/18/2025 and the form was signed by attorney-in-fact Ryan Leshaw on 09/25/2025.

Does the filing include any exhibits or powers of attorney?

Yes. The filing references Exhibit 24 - Power of Attorney and the signature was made by the attorney-in-fact.

Where is the reporting person's address listed in the Form 3?

The address is listed as c/o PIMCO, 650 Newport Center Drive, Newport Beach, CA 92660.