PIMCO Dynamic Income Fund (PDI) Initial Form 3—No Holdings Reported

Rhea-AI Filing Summary

Mark D. Michel, reporting as a director of PIMCO Dynamic Income Fund (PDI), filed an initial Form 3 reporting that he does not beneficially own any securities of the issuer as of the event date. The filing lists the reporting person’s business address at PIMCO, 650 Newport Center Drive, Newport Beach, CA, and indicates the Form was signed by an attorney-in-fact on behalf of Mr. Michel on 09/25/2025. The document includes Exhibit 24 (Power of Attorney) and contains no holdings or derivative positions disclosed.

Insights

Securities Compliance Analyst

TL;DR: Routine initial Section 16 filing; reports no ownership, so no Section 16 reporting obligations beyond this initial statement for holdings.

The Form 3 is an initial statement required when a director relationship exists but, in this case, discloses no beneficial ownership of PDI securities. From a compliance perspective, the filing establishes a baseline and documents power-of-attorney execution. Investors and regulators should note the absence of holdings means no immediate insider trading disclosures are triggered; future acquisitions would require Forms 4 or 5 as applicable.

Corporate Governance Expert

TL;DR: Governance disclosure completed; director listed with no securities, limiting conflict-of-interest signals from this filing.

As an initial filing for a director, the absence of reported holdings reduces potential immediate conflict concerns and indicates Mr. Michel did not hold equity or derivative positions in PDI at the event date. The inclusion of Exhibit 24 (Power of Attorney) confirms a delegated filing process. This is a routine governance disclosure with no material effect on shareholder interests.

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
PIMCO Dynamic Income Fund [ PDI ]

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 Form 3 for PDI?

The Form 3 reports that no securities are beneficially owned by Mark D. Michel in PIMCO Dynamic Income Fund (PDI).

What is the event date reported on the Form 3 for PDI?

The date of the event requiring the statement is 09/18/2025.

When was the Form 3 signed and who signed it?

The Form 3 was signed by Ryan Leshaw, Attorney-in-Fact for Mark D. Michel on 09/25/2025.

Does the filing disclose any derivative or non-derivative holdings?

No. The filing explicitly states no securities are beneficially owned and discloses no derivatives or underlying positions.

What exhibit is included with the Form 3?

The filing includes Exhibit 24, which is a Power of Attorney.