PHK (PIMCO High Income Fund) Form 3 — No Beneficial Ownership Reported
Rhea-AI Filing Summary
Mark D. Michel, listed c/o PIMCO at Newport Beach, filed an Initial Form 3 for PIMCO High Income Fund (PHK) relating to the 09/18/2025 event. The filing identifies Mr. Michel as a director and indicates no securities are beneficially owned. The form was signed by attorney-in-fact Ryan Leshaw on 09/25/2025 and includes an Exhibit 24 power of attorney.
Positive
- Form 3 filed, satisfying Section 16 disclosure requirements
- Reporting person identified as a director, enhancing transparency
- Exhibit 24 (power of attorney) included, with attorney-in-fact signature documented
Negative
- No securities are beneficially owned—there are no holdings disclosed
Insights
TL;DR Director filed required initial ownership form and reports zero beneficial holdings, so no immediate ownership impact on shares.
The Form 3 fulfills Section 16 disclosure obligations by reporting the reporting person, relationship, and that no securities are beneficially owned. This is a routine filing that provides transparency about insider holdings. There are no transactions, holdings, or amounts disclosed that would affect valuation or liquidity metrics.
TL;DR Governance disclosure complete: director identity and power of attorney noted; absence of holdings is explicitly stated.
The filing properly identifies the reporting person as a director and attaches Exhibit 24 (power of attorney). The signature by an attorney-in-fact is documented. From a governance perspective, the document meets procedural disclosure standards but contains no substantive ownership information.