[Form 3] PIMCO INCOME STRATEGY FUND Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Form 3 filed for PIMCO Income Strategy Fund (PFL) by Mark D. Michel, reporting his relationship to the issuer as a Director. The filing reports no securities beneficially owned by the reporting person at the time of the event dated 09/18/2025. The form is signed by an attorney-in-fact on behalf of Mark D. Michel and includes an Exhibit 24 power of attorney. This is an initial ownership statement required under Section 16 that discloses the absence of any direct or indirect holdings.

Positive

• Director relationship disclosed for transparency
• Form filed and signed, meeting SEC disclosure requirements
• Exhibit 24 power of attorney included indicating proper authorization

Negative

• No securities beneficially owned, so no stake disclosed in the issuer

Insights

Financial Analyst

TL;DR: Routine Form 3 disclosure showing directorship with no reported holdings; neutral for investors.

The filing simply establishes the reporting persons status as a director of PIMCO Income Strategy Fund and states that no securities are beneficially owned. There are no non-derivative or derivative positions disclosed, and no transactions or holdings to quantify. For market or valuation impact, the filing provides no actionable financial data.

Corporate Governance Expert

TL;DR: Governance disclosure completed; absence of holdings is noted but not unusual for initial filings.

The form fulfills Section 16 disclosure obligations and includes a signed power of attorney exhibit. The director designation is disclosed, but because there are no reported equity interests, there are no potential insider trading or beneficial ownership concerns raised by this filing.

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 INCOME STRATEGY FUND [ PFL ]

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 does the Form 3 for PFL filed by Mark D. Michel report?

The filing discloses that Mark D. Michel is a Director of PIMCO Income Strategy Fund (PFL) and that he does not beneficially own any securities of the issuer as of the event date 09/18/2025.

When is the event date reported on this Form 3 for PFL?

The event date listed on the Form 3 is 09/18/2025.

Was the Form 3 signed and by whom?

Yes, the form is signed by Ryan Leshaw, Attorney-in-Fact for Mark D. Michel on 09/25/2025.

Does the filing list any derivative or non-derivative holdings for PFL?

No. The filing explicitly states no securities are beneficially owned and lists no derivative or non-derivative positions.

Is there any exhibit attached to the Form 3?

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