[Form 3] PIMCO Income Strategy Fund II Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Mark D. Michel, identified as a Director of PIMCO Income Strategy Fund II (ticker: PFN), submitted an Initial Statement of Beneficial Ownership (Form 3) reporting that he does not beneficially own any securities of the issuer. The filing lists the reporting address as PIMCO, 650 Newport Center Drive, Newport Beach, CA, and shows the event date of 09/18/2025 with the form signed by an attorney-in-fact on 09/25/2025. An Exhibit 24 power of attorney is attached.

Positive

• Initial Form 3 was filed identifying Mark D. Michel as a Director of PIMCO Income Strategy Fund II (PFN).
• The filing explicitly states no securities are beneficially owned, and includes Exhibit 24 (Power of Attorney) for signature authority.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Initial ownership disclosure filed showing the director currently holds no beneficial shares.

The Form 3 is an initial disclosure required when a person becomes an officer, director, or beneficial owner subject to Section 16. This filing documents the reporting persons relationship to the issuer as a director and explicitly states "No securities are beneficially owned." The attached Exhibit 24 indicates delegation via power of attorney for signature. From a governance perspective, the form meets disclosure expectations by identifying the role and providing the requisite exhibit; it does not indicate any cash or equity holdings to disclose.

Securities Compliance Analyst

TL;DR: Compliance disclosure completed; no reportable holdings or derivative positions listed.

The Form 3 contains the standard fields for Section 16 reporting: reporting person name and address, issuer and ticker, relationship (marked as Director), and a statement that no securities are beneficially owned. Table I and Table II contain no entries. The signature block shows filing by an attorney-in-fact with Exhibit 24 appended, supporting the authority to sign. There are no listed transactions, holdings, or derivative instruments that would trigger further Section 16 reporting at this time.

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 II [ PFN ]

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 filed for PFN report about Mark D. Michel's holdings?

The Form 3 states that Mark D. Michel does not beneficially own any securities of PIMCO Income Strategy Fund II (PFN).

What role does the reporting person hold at PFN according to the filing?

The filing identifies Mark D. Michel as a Director of the issuer.

What dates are shown on the Form 3 for the event and the filing signature?

The event date is 09/18/2025 and the form shows a signature date of 09/25/2025 by an attorney-in-fact.

Is there any signature authorization attached to the Form 3?

Yes. The filing references Exhibit 24 - Power of Attorney, and the signature block indicates filing by an attorney-in-fact (Ryan Leshaw).

Are any derivative securities or transactions disclosed in this Form 3?

No. Table I and Table II contain no entries; no derivatives or transactions are reported.