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philucky link Subscribe Search Search Sort by Relevance Title Date Subscribe Christopher Nolan's upcoming multi-starrer film is titled The Odyssey, Universal Studios revealed on Monday. The film is an adaptation of ancient Greek poet Homer's genre-defining epic, the studio further added in a post on X (formerly Twitter). Christopher Nolan's The Odyssey “Christopher Nolan’s next film The Odyssey is a mythic action epic shot across the world using brand new IMAX film technology. The film brings Homer’s foundational saga to IMAX film screens for the first time and opens in theaters everywhere on July 17, 2026,” the studio announced on Monday in a message posted to X. Nolan's film boasts of a powerful star cast led by Tom Holland, which also includes Matt Damon, Anne Hathaway, Zendaya, Robert Pattinson, Lupita Nyong’o, and Charlize Theron. There had been speculations about what Nolan's film is about, with reports claiming everything from a tale of two helicopter pilots to a vampire saga. However, it has now been revealed that the film will adapt the popular story, originally written in the 8th century BC. The Odyssey is expected to start shooting early next year and is slated for a release in the summer of 2026. All about Homer's epic Odyssey, the ancient Greek poem, tells the story of the King of Ithaca, Odysseus, and his journey back home after the Trojan War. Seen as a companion piece to Iliad, the story focuses on Odysseus' perilious and tragic journey and deals with themes of heroism, loyalty, cunning, and the struggle against divine will. While Nolan's film will be the most high-profile adaptation of the epic, there have been previous films and shows that have brought Odyssey to the screens. The 1954 Italian film Ulysses was directed by Mario Camerini and starred Kirk Douglas, while the 1997 miniseries The Odyssey was directed by Andrei Konchalovsky and starred Armand Assante. Most recently, Ralph Fiennes played Odysseus in Uberto Pasolini’s The Return, released earlier this month. The Coen Brothers’ O Brother, Where Art Thou?, released in 2000, also drew inspiration from the poem. SyndiGate editors manage to post the latest news from our contributors while monitoring the adherence to Al Bawaba guidelines, copy-editing, and image selection. Subscribe Sign up to our newsletter for exclusive updates and enhanced content Subscribe Now Subscribe Sign up to get Al Bawaba's exclusive celeb scoops and entertainment news Subscribe to our newsletter for exclusive updates and enhanced content SubscribeNew Delhi: The year 2024 saw India’s aviation industry grow on the back of American aircraft manufacturer Boeing's white tail planes - those that are built without any pre-existing customer. However, the new year is likely to see slower deliveries of Boeing aircraft, leading to Indian airlines inducting fewer planes than they did in 2024. Still, India's largest air carrier IndiGo could add to its fleet in the Indian skies if it's able to get some of its grounded planes airworthy with the availability of engines. According to media reports, Indian carriers were expected to induct around 150 aircraft in 2024. Data shared by Cirium, an aviation analytics firm, showed Indian airlines have already taken delivery of 97 commercial aircraft so far in 2024, with ten scheduled deliveries in the remaining days of December. By contrast, Cirium’s fleet data indicates Indian airlines expect to add 86 new commercial aircraft in 2025. In 2024, deliveries by two main global manufacturers, Airbus and Boeing, were affected due to global supply chain challenges, precipitated by geopolitical tensions. However, deliveries by Airbus to Air India group and IndiGo remained in line with expectations. But deliveries by Boeing were affected by the weeks-long workers' strike at its manufacturing facility in the US. As per data available on Boeing's website, the American firm delivered only 30 B-737 MAX aircraft to Air India group and Akasa. In 2025, Indian air carriers will not be able to induct white tail aircraft. According to a Cirium official, "Neither Airbus nor Boeing has any stock of white tail aircraft remaining, so this is unlikely to be a route to fleet expansion for Indian carriers." Of the of 86 aircraft that are likely to be delivered in 2025, a majority - about 55 - will go to IndiGo, followed by Air India. As per Cirium, Indigo will get deliveries of 22 A320neo, 30 A321neo (including 5 A321neoXLR) and 3 ATR 72-600). Air India is likely to induct 19 new aircraft in 2025. This would include 8 A320NEO, 6 A321NEO, 1 A350-1000 and 4 A350-900. From Boeing, the Air India group is expected to get only 3 deliveries of B-737 MAX 8 aircraft for budget carrier Air India Express. IndiGo currently has over 60 grounded A320NEO and A321NEO, due to issues with Pratt & Whitney's PW-1700G engines. The airline anticipates that groundings will moderate going forward. The number of grounded aircraft is expected to reduce to a little over 40 aircraft in the first half of 2025. Boring deliveries Currently, the US Federal Aviation Administration (FAA) has imposed a cap on the production of 737 MAX. As per this cap, in 2025 Boeing, will be able to manufacture only 38 MAX aircraft a month. It is expected to attempt to ramp up MAX production in 2025. Cirium said, "Potentially, Boeing is expected to expand production beyond 38 aircraft every month once certain conditions are met. With that in mind, we expect to see increasing numbers of 737 MAX by 2026, including 22 for Akasa Air and four for Air India," Cirium analysts said. Forecast for 2025 Cirium’s data indicates that both Indian domestic and outbound international capacities are expected to grow 12% year-on-year in the first quarter of 2025. Cirium’s fleet forecast projects the passenger aircraft fleet in service to reach almost 900 aircraft at the end of 2025. Experts believe that revival of the grounded fleet, which is around 90 in the country, is a more important area to focus on in 2025. Mark D. Martin of Martin Consulting believes that the government needs to take a stern action against Pratt & Whitney. "India fleet induction and deliveries need to be fast-tracked. Along with it, OEMs (original equipment manufacturers) need to work on component and engine reliability. The catch-22 we deal with today is brand new aircraft being inducted and simultaneously getting grounded as a result of the Pratt and Whitney GTF engine," he told . "Today, there around 90 aircraft grounded because of engines failing, and now it's time the government did something about this by taking up stern action on Pratt and Whitney, said Martin.

Macau Sees Surge in Bond Listings in Pivot Away From GamblingA court in Vietnam has upheld a death sentence for a real estate tycoon after rejecting her appeal against a conviction for embezzlement and bribery, state media reported. Truong My Lan, the chairwoman of real estate developer Van Thinh Phat Holdings Group, for her role in a financial fraud worth more than $12bn, Vietnam's biggest on record. The 67-year-old chair of the company Van Thinh Phat (VTP) was found guilty of embezzlement, bribery and violations of banking rules following a month-long trial. Lan and her accomplices were charged with illegally controlling the Saigon Joint Stock Commercial Bank (SCB) between 2012 and 2022 to siphon off funds through thousands of ghost companies and by paying bribes to government officials. From early 2018 to October 2022, when the state bailed out SCB after a run on its deposits, Lan appropriated large sums by arranging unlawful loans to shell companies, investigators said. Vietnamese news outlet VnExpress reported that if Lan is able to return three-quarters of the money embezzled while on death row, it is possible the sentence could be commuted to life imprisonment.

AP News Summary at 5:31 p.m. EST

Next U.S. ambassador Hoekstra 'easier to do business' with: former envoyPenn State notes: Linemen Anthony Donkoh, Alonzo Ford Jr. suffer long-term injuriesMore than 72 million people are expected to shop during Cyber Monday, according to the National Retail Federation . The end-of-year shopping surge provides a major boost for retailers. "The last six weeks of the year makes a big difference," said Brian Miller, owner of Geppetto's Toys in San Diego. "It can make or break your year as a retailer." Retailers already got a major bump from Black Friday spending. Consumers spent a record $10.8 billion online on Friday, according to Adobe Analytics . That's up more than 10% from last year. "It's not only bonanza for the shoppers, but it's bonanza for the stores," said Professor Alan Gin of the University of San Diego's Knauss School of Business. "People have just gotten a misconception of what was happening. Yes, prices are up, but in this recent time period here, what we've seen is that wages have risen faster than prices have increased. So, people's real incomes have gone up." Last month, consumer confidence hit its highest level in more than a year, according to the Conference Board, a nonprofit that tracks business and consumer sentiment. RELATED STORY | 'Essentially, I just gifted a scammer $100': Gift card draining costing shoppers and retailers Americans are paying with plastic for a lot of their shopping. According to a survey from the National Retail Federation, 39% of shoppers said they plan to use credit cards for their holiday spending. More than one in four shoppers say they plan to take on some debt during the holidays — either by carrying a credit card balance or using a buy now, pay later service, according to Bankrate . American credit card debt hit a record $1.17 trillion in the third quarter of this year. Experts say setting a budget and sticking to it can help people from overspending and taking on debt during the holidays.Which winter gloves for women should you buy? The skin on your hands can take some harsh punishment during cold weather. Even prolonged exposure to the air during a chilly snap can leave your hands with dry skin or chilblains. If you live in an area where extreme cold is a high probability, spending time outdoors makes gloves an absolute necessity. But to make sure your gloves can withstand the winter season, you need a pair that’s fit for your climate and lifestyle. Types of winter gloves for women Women’s gloves fall into three main categories: Fashion: For the most part, gloves worn for style purposes focus less on comfort and warmth and more on overall look. That’s not to say that they won’t keep your hands warm on a chilly winter day. But they are not likely to be fit for all situations. Work: Work gloves are made with physical activity in mind. They may not always look particularly stylish, but are effective at keeping your hands protected and warm in the winter. A good example of this category would be winter gardening gloves. Recreation: Similarly, many recreational activities require gloves, which can have a dual purpose. They keep your hands warm and let you keep your grip. What to consider before buying winter gloves Size: Bulkier gloves typically come as one-size-fits-all. But for sleeker designs, you may need to select among different sizes so the gloves fit nicely. Fit: Some gloves provide more flexibility than others. Consider how well you’ll be able to use your hands and fingers while wearing them. Mittens, for example, can make it difficult to perform tasks that require finger dexterity. Other gloves come with fingertips that can be pulled back for moments where you need a little more flexibility. Purpose: If you need gloves for day-to-day wear, you don’t need to consider much beyond how they look. But if you need gloves for outdoor activities or sports, you’ll want to make sure they’ll do the job. Material: Gloves made from materials such as leather, wool or cashmere are not super practical in wet weather or snow. However, in dry conditions they’re warm and comfortable. Gloves with surfaces made from polyester or other synthetic materials will keep your hands dry. The gloves’ internal material also makes a big difference. If you need something warm, for example, look for a soft fleece on the inside. Durability: Some pairs of gloves go through a rough time, especially if their primary use is outdoor activities. If that’s the case for you, make sure you choose a pair that are made from strong material and endure regular machine washing. Extra features: There are lots of extra features that can make your gloves more wearable. If you’re in a particularly cold climate, look for heated gloves that use wires to generate warmth throughout the material. If you’re on your phone a lot, some gloves come with special material on the fingertips that lets you use touch screens without removing them. 9 best women’s winter gloves to buy Dimore Winter Gloves for Women These fashionable gloves are soft, comfortable and will help keep your hands warm through the fall and winter. They come with touch-screen technology that lets you use your smartphone while out in the cold without having to take your gloves off. Geyoga Elastic Cuff Winter Warm Fleece Gloves Equipped with an elastic cuff so they can slip under your jacket’s sleeve, these gloves create an insulating effect on your hands and wrist. The warm fleece line keeps your hands warm in winter, and the gloves are machine-washable. Trendoux Winter Gloves These black gloves are made with 50% conductive yarn on the fingertips so you can use your tablet or smartphone without taking off your gloves. They’re thickened to be windproof, have a warm lining and come with triangle silicone non-slip designs on the palms. Fantastic Zone Women’s Winter Touch-screen Gloves These fleece gloves are made with breathable material to keep hands warm without irritating sensitive skin. Although they are hand-wash only, they are made with high-density, ultra-soft chenille fabric and have three touchscreen-friendly fingertips on each hand. Isotoner Women’s Spandex Cold Weather Stretch Gloves This fashionable pair of gloves have vegan leather patches, fleece lining and stretch spandex to give you a comfortable, warm experience through the cold days of winter. The stretch fabric helps the gloves to repel snow and rain, so your hands stay nice and dry. Carhartt Women’s Quilted Insulated Gloves This set of cold weather gloves is made of polyester with a loop and hook closure and microfiber lining with a stretchy fleece cuff. They’re waterproof and quilted to keep hands dry and warm. Bodvera Thermal Insulation Fingerless Texting Wool Gloves These wool and acrylic gloves have a double-layered elastic cuff and are made with comfortable fabric that insulates your hands during cold snaps. They have flip-up fingertips for convenience, flexibility and style. Vislivin Full-Hand Women’s Gloves These lambskin gloves come in a high-end gift box, making them a lovely gift or treat for yourself or a loved one. The full-finger gloves let you operate a touch screen and the lambskin exterior provides grip for activities such as driving or cycling. Alepo Winter PU Leather Gloves for Women The cashmere lining in these gloves will keep hands nice and snug during cold snaps. The elegant design comes from the gloves’ leather outer lining, which is not only high-quality but soft and supple, too. Prices listed reflect time and date of publication and are subject to change. Check out our Daily Deals for the best products at the best prices and sign up here to receive the BestReviews weekly newsletter full of shopping inspo and sales. BestReviews spends thousands of hours researching, analyzing and testing products to recommend the best picks for most consumers. BestReviews and its newspaper partners may earn a commission if you purchase a product through one of our links. Distributed by Tribune Content Agency, LLC. Click to share on Facebook (Opens in new window) Click to share on X (Opens in new window) Click to print (Opens in new window) Click to email a link to a friend (Opens in new window) Click to share on Facebook (Opens in new window) Click to share on X (Opens in new window) Most Popular Hitman who killed Navy officer in Newport News among 37 death row inmates commuted by Biden Hitman who killed Navy officer in Newport News among 37 death row inmates commuted by Biden NORAD’s Santa Tracker: Live global feed NORAD’s Santa Tracker: Live global feed Man sentenced to life in prison for drug-robbery slaying of popular skateboarder Man sentenced to life in prison for drug-robbery slaying of popular skateboarder Public records: Hampton EDA buys Kelly’s Tavern building, restaurants and retailers sign leases Public records: Hampton EDA buys Kelly’s Tavern building, restaurants and retailers sign leases Williamsburg leaders to prioritize funding for regional Trail757 project Williamsburg leaders to prioritize funding for regional Trail757 project David Teel: Why Norfolk State? For Michael Vick, the 757 is home David Teel: Why Norfolk State? For Michael Vick, the 757 is home Police identify Hampton man found dead at Great Dismal Swamp Police identify Hampton man found dead at Great Dismal Swamp Phoebus’ Jeremy Blunt named VHSL Class 4 Coach of the Year Phoebus’ Jeremy Blunt named VHSL Class 4 Coach of the Year Festival of Lights begins today to celebrate Hanukkah Festival of Lights begins today to celebrate Hanukkah Seven Poquoson football players take Class 2 all-state honors Seven Poquoson football players take Class 2 all-state honors Trending Nationally 1 dead, 5 injured in boat explosion and fire at Florida marina California wharf partially collapses; 3 rescued from water Nordstrom family to take chain private in $6.25 billion deal A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now? Need a cuddle? Check out America’s first CuppaPug café

Srikanth Avancha, a seasoned leader in IT service delivery, has made significant strides in transforming operational environments by integrating strategic foresight with hands-on leadership. In a recent conversation, he shared insights into how he navigates the complexities of managing large-scale IT operations while balancing short-term imperatives with long-term business goals. Balancing strategy and agility Leadership in IT services often requires balancing the immediate demands of the business with broader strategic objectives. Avancha believes this is achievable through foresight and adaptive planning. “The key is in crafting processes that can shift focus when necessary, but always remain aligned with the broader vision,” he said. Drawing from his experience leading high-stakes projects, he highlighted the importance of data analytics and continuous performance monitoring to inform decisions and keep the organization on track. Risk management: Prevention over reaction Risk management is another cornerstone of Avancha’s approach to service delivery. “The best way to handle risks is to identify them early, before they balloon into bigger problems,” he explained. With his extensive experience managing large-scale IT operations, Avancha has implemented risk mitigation strategies from the outset of projects. Proactive communication with stakeholders, he noted, is crucial to building trust and minimizing surprises. Driving profitability through operational efficiency For Avancha, operational efficiency is central to driving profitability in IT services. He has led several initiatives focused on process optimization, resulting in significant cost savings while enhancing service quality. “By automating routine tasks and closely monitoring service levels, we’ve been able to deliver more value with fewer resources,” he said. Empowering teams with the right tools and training has been key to improving response times and fostering innovation at the grassroots level. Empathy and mentorship in team management Avancha also stressed the importance of the human side of leadership, especially in managing large teams across multiple geographies. “It’s about understanding each individual’s strengths, challenges, and motivations,” he said. His approach centers on open communication, mentorship, and creating a sense of ownership within the team. This not only improves team performance but also nurtures future leaders who will drive continued success and innovation. Innovation through technology and curiosity With technology constantly evolving, Avancha places a strong emphasis on innovation. His team-driven approach to embracing new technologies—such as using data analytics tools like Tableau—ensures that the organization remains competitive. “Innovation is about more than adopting new tools; it’s about ensuring they add tangible value,” he said. Global leadership and adaptability Having worked across different cultures and geographies, Avancha’s leadership style has been shaped by the need for adaptability. He’s learned to navigate cultural differences in communication and decision-making, which has helped him build cohesive teams worldwide. In conclusion, Srikanth Avancha’s leadership philosophy highlights the importance of strategic vision, risk management, and human-centered management in IT services. His ability to adapt to changing landscapes while keeping the focus on people and innovation has made him a standout figure in the industry.

Tuesday’s contest features the Iowa Hawkeyes (5-1) and the South Carolina Upstate Spartans (2-6) facing off at Carver-Hawkeye Arena in what is expected to be a one-sided matchup, with a projected 94-66 victory for heavily favored Iowa according to our computer prediction. Game time is at 8:00 PM ET on November 26. According to our computer prediction, South Carolina Upstate should cover the point spread, which currently sits at 29.5. The two sides are projected to go under the 167.5 over/under. Watch men’s college basketball, other live sports and more on Fubo. What is Fubo? Fubo is a streaming service that gives you access to your favorite live sports and shows on demand. Use our link to sign up for a free trial. Place your bets on any men’s college basketball matchup at BetMGM. Sign up today using our link. Iowa has compiled a 3-3-0 record against the spread this season, while South Carolina Upstate is 4-2-0. In terms of hitting the over, games involving the Hawkeyes are 2-4-0 and the Spartans are 6-0-0. The two teams average 165.3 points per game combined, 2.2 fewer than this matchup’s total. Bet on this or any men’s college basketball matchup at BetMGM. Rep your favorite players with officially licensed gear. Head to Fanatics to find jerseys, shirts, hats, and much more. Not all offers available in all states, please visit BetMGM for the latest promotions for your area. Must be 21+ to gamble, please wager responsibly. If you or someone you know has a gambling problem, contact 1-800-GAMBLER .Vascular Graft Market Poised for Tremendous Growth from 2024 to 2032 12-25-2024 03:43 PM CET | Health & Medicine Press release from: Cognate Insights Vascular Graft Market Latest Market Overview The global vascular graft market is projected to reach USD 4.8 billion by 2024, with a compound annual growth rate (CAGR) of 7.2% during the forecast period from 2024 to 2032. Vascular grafts are used in surgical procedures to treat vascular diseases such as coronary artery diseases, peripheral arterial diseases, and end-stage renal disease (ESRD). The increasing incidence of cardiovascular diseases, aging populations, and advancements in graft technology are key drivers fueling the growth of this market. Additionally, the rising demand for minimally invasive procedures and improvements in healthcare infrastructure globally are contributing to the expansion of the vascular graft market. The Vascular Graft Market has experienced steady growth in recent years and is expected to continue expanding at a strong pace from 2024 to 2032. This analysis offers a comprehensive overview, providing valuable insights into key trends and developments within the Vascular Graft industry. These findings equip business leaders with the necessary knowledge to devise more effective strategies and enhance profitability. Furthermore, the report serves as a useful resource for new and emerging businesses, helping them make informed decisions as they navigate the market and seek growth opportunities. Major Players of Vascular Graft Market are: Medtronic (Ireland): $31.2 billion revenue (2023). B. Braun Melsungen AG (Germany): $8.5 billion revenue (2023). W. L. Gore & Associates (U.S.): $4 billion revenue (2023). Terumo Corporation (Japan): $6.5 billion revenue (2023). Getinge AB (Sweden): $2.9 billion revenue (2023). Get Latest PDF Sample Report @ https://www.cognateinsights.com/request-sample/vascular-graft-market-research Our Report covers global as well as regional markets and provides an in-depth analysis of the overall growth prospects of the market. Global market trend analysis including historical data, estimates to 2024, and compound annual growth rate (CAGR) forecast to 2032 is given based on qualitative and quantitative analysis of the market segments involving economic and non-economic factors. Furthermore, it reveals the comprehensive competitive landscape of the global market, the current and future market prospects of the industry, and the growth opportunities and drivers as well as challenges and constraints in emerging and emerging markets. Global Vascular Graft Market Landscape and Future Pathways: North America: United States Canada Europe: Germany France U.K. Italy Russia Asia-Pacific: China Japan South Korea India Australia China Taiwan Indonesia Thailand Malaysia Latin America: Mexico Brazil Argentina Korea Colombia Middle East & Africa: Turkey Saudi Arabia UAE Korea Speak to Our Analyst for A Discussion on The Above Findings, And Ask for A Discount on The Report @ https://www.cognateinsights.com/check-discount/vascular-graft-market-research Key drivers and challenges influencing the Vascular Graft market: Regional Analysis: The report involves examining the Vascular Graft market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets. Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Vascular Graft market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends. Company Analysis: Report covers individual Vascular Graft manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies. Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Vascular Graft This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application. Technology Analysis: Report covers specific technologies relevant to Vascular Graft. It assesses the current state, advancements, and potential future developments in Vascular Graft areas. Reason to Buy this Report: -Analysis of the impact of technological advancements on the market and the emerging trends shaping the industry in the coming years. -Examination of the regulatory and policy changes affecting the market and the implications of these changes for market participants. -Overview of the competitive landscape in the Vascular Graft market, including profiles of the key players, their market share, and strategies for growth. -Identification of the major challenges facing the market, such as supply chain disruptions, environmental concerns, and changing consumer preferences, and analysis of how these challenges will affect market growth. -Evaluation of the potential of new products and applications in the market, and analysis of the investment opportunities for market participants. For In-Depth Competitive Analysis - Purchase this Report now at @ https://www.cognateinsights.com/purchase-report/vascular-graft-market-research Contact Us: Cognate Insights Web: www.cognateinsights.com Email: info@cognateinsights.com Phone: +91 8424946476 About Us: We are leaders in market analytics, business research, and consulting services for Fortune 500 companies, start-ups, financial & government institutions. Since we understand the criticality of data and insights, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available. To be at our client's disposal whenever they need help on market research and consulting services. We also aim to be their business partners when it comes to making critical business decisions around new market entry, M&A, competitive Intelligence and strategy. This release was published on openPR.

WASHINGTON — Federal prosecutors moved Monday to dismiss the criminal charges against President-elect Donald Trump that accused him of plotting to overturn the 2020 election and to abandon the classified documents case against him, citing longstanding Justice Department policy that says sitting presidents cannot face criminal prosecution. The decision by special counsel Jack Smith, who had fiercely sought to hold Trump criminally accountable for his efforts to subvert the 2020 election, represented the end of the federal effort against the former president following his election victory this month despite the election-related cases and multiple other unrelated criminal charges against him and is headed back to the White House. FILE - Special counsel Jack Smith speaks to the media about an indictment of former President Donald Trump, Aug. 1, 2023, at an office of the Department of Justice in Washington. (AP Photo/J. Scott Applewhite, File) The decision, revealed in court filings, also amounts to a predictable but nonetheless stunning conclusion to criminal cases that had been seen as the most perilous of the multiple legal threats Trump has faced. It reflects the practical consequences of Trump’s victory, ensuring he enters office free from scrutiny over his hoarding of top secret documents and his efforts to overturn the 2020 presidential election he lost to Democrat Joe Biden. Smith’s team emphasized that the move to abandon the prosecutions, in federal courts in Washington and Florida, was not a reflection of their view on the merits of the cases but rather a reflection of their commitment to longstanding department policy. “That prohibition is categorical and does not turn on the gravity of the crimes charged, the strength of the Government’s proof, or the merits of the prosecution, which the Government stands fully behind,” the prosecutors wrote in Monday’s court filing in the election interference case. The decision was expected after Smith's team began assessing how to wind down both the 2020 election interference case and the separate classified documents case in the wake of Trump's victory over Vice President Kamala Harris. The Justice Department believes Trump can no longer be tried in accordance with longstanding policy that says sitting presidents cannot be prosecuted. Trump has cast both cases as politically motivated, and had vowed to fire Smith as soon as he takes office in January. President-elect Donald Trump arrives before the launch of the sixth test flight of the SpaceX Starship rocket Tuesday, Nov. 19, 2024 in Boca Chica, Texas. (Brandon Bell/Pool via AP) The 2020 election case brought last year was once seen as one of the most serious legal threats facing the Republican as he vied to reclaim the White House. But it quickly stalled amid legal fighting over Trump’s sweeping claims of immunity from prosecution for acts he took while in the White House. The U.S. Supreme Court in July ruled for the first time that former presidents have broad immunity from prosecution, and sent the case back to U.S. District Judge Tanya Chutkan to determine which allegations in the indictment, if any, could proceed to trial. The case was just beginning to pick up steam again in the trial court in the weeks leading up to this year’s election. Smith’s team in October filed a lengthy brief laying out new evidence they planned to use against him at trial, accusing him of using “resorting to crimes” in an increasingly desperate effort to overturn the will of voters after he lost to Biden. ___ Among President-elect Donald Trump's picks are Susie Wiles for chief of staff, Florida Sen. Marco Rubio for secretary of state, former Democratic House member Tulsi Gabbard for director of national intelligence and Florida Rep. Matt Gaetz for attorney general. Susie Wiles, 67, was a senior adviser to Trump's 2024 presidential campaign and its de facto manager. Trump named Florida Sen. Marco Rubio to be secretary of state, making a former sharp critic his choice to be the new administration's top diplomat. Rubio, 53, is a noted hawk on China, Cuba and Iran, and was a finalist to be Trump's running mate on the Republican ticket last summer. Rubio is the vice chairman of the Senate Intelligence Committee and a member of the Senate Foreign Relations Committee. “He will be a strong Advocate for our Nation, a true friend to our Allies, and a fearless Warrior who will never back down to our adversaries,” Trump said of Rubio in a statement. The announcement punctuates the hard pivot Rubio has made with Trump, whom the senator called a “con man" during his unsuccessful campaign for the 2016 GOP presidential nomination. Their relationship improved dramatically while Trump was in the White House. And as Trump campaigned for the presidency a third time, Rubio cheered his proposals. For instance, Rubio, who more than a decade ago helped craft immigration legislation that included a path to citizenship for people in the U.S. illegally, now supports Trump's plan to use the U.S. military for mass deportations. Pete Hegseth, 44, is a co-host of Fox News Channel’s “Fox & Friends Weekend” and has been a contributor with the network since 2014, where he developed a friendship with Trump, who made regular appearances on the show. Hegseth lacks senior military or national security experience. If confirmed by the Senate, he would inherit the top job during a series of global crises — ranging from Russia’s war in Ukraine and the ongoing attacks in the Middle East by Iranian proxies to the push for a cease-fire between Israel, Hamas and Hezbollah and escalating worries about the growing alliance between Russia and North Korea. Hegseth is also the author of “The War on Warriors: Behind the Betrayal of the Men Who Keep Us Free,” published earlier this year. Trump tapped Pam Bondi, 59, to be attorney general after U.S. Rep. Matt Gaetz withdrew his name from consideration. She was Florida's first female attorney general, serving between 2011 and 2019. She also was on Trump’s legal team during his first impeachment trial in 2020. Considered a loyalist, she served as part of a Trump-allied outside group that helped lay the groundwork for his future administration called the America First Policy Institute. Bondi was among a group of Republicans who showed up to support Trump at his hush money criminal trial in New York that ended in May with a conviction on 34 felony counts. A fierce defender of Trump, she also frequently appears on Fox News and has been a critic of the criminal cases against him. Trump picked South Dakota Gov. Kristi Noem, a well-known conservative who faced sharp criticism for telling a story in her memoir about shooting a rambunctious dog, to lead an agency crucial to the president-elect’s hardline immigration agenda. Noem used her two terms leading a tiny state to vault to a prominent position in Republican politics. South Dakota is usually a political afterthought. But during the COVID-19 pandemic, Noem did not order restrictions that other states had issued and instead declared her state “open for business.” Trump held a fireworks rally at Mount Rushmore in July 2020 in one of the first large gatherings of the pandemic. She takes over a department with a sprawling mission. In addition to key immigration agencies, the Department of Homeland Security oversees natural disaster response, the U.S. Secret Service, and Transportation Security Administration agents who work at airports. The governor of North Dakota, who was once little-known outside his state, Burgum is a former Republican presidential primary contender who endorsed Trump, and spent months traveling to drum up support for him, after dropping out of the race. Burgum was a serious contender to be Trump’s vice presidential choice this summer. The two-term governor was seen as a possible pick because of his executive experience and business savvy. Burgum also has close ties to deep-pocketed energy industry CEOs. Trump made the announcement about Burgum joining his incoming administration while addressing a gala at his Mar-a-Lago club, and said a formal statement would be coming the following day. In comments to reporters before Trump took the stage, Burgum said that, in recent years, the power grid is deteriorating in many parts of the country, which he said could raise national security concerns but also drive up prices enough to increase inflation. “There's just a sense of urgency, and a sense of understanding in the Trump administration,” Burgum said. Robert F. Kennedy Jr. ran for president as a Democrat, than as an independent, and then endorsed Trump . He's the son of Democratic icon Robert Kennedy, who was assassinated during his own presidential campaign. The nomination of Kennedy to lead the Department of Health and Human Services alarmed people who are concerned about his record of spreading unfounded fears about vaccines . For example, he has long advanced the debunked idea that vaccines cause autism. Scott Bessent, 62, is a former George Soros money manager and an advocate for deficit reduction. He's the founder of hedge fund Key Square Capital Management, after having worked on-and-off for Soros Fund Management since 1991. If confirmed by the Senate, he would be the nation’s first openly gay treasury secretary. He told Bloomberg in August that he decided to join Trump’s campaign in part to attack the mounting U.S. national debt. That would include slashing government programs and other spending. “This election cycle is the last chance for the U.S. to grow our way out of this mountain of debt without becoming a sort of European-style socialist democracy,” he said then. Scott Turner is a former NFL player and White House aide. He ran the White House Opportunity and Revitalization Council during Trump’s first term in office. Trump, in a statement, credited Turner, the highest-ranking Black person he’s yet selected for his administration, with “helping to lead an Unprecedented Effort that Transformed our Country’s most distressed communities.” Sean Duffy is a former House member from Wisconsin who was one of Trump's most visible defenders on cable news. Duffy served in the House for nearly nine years, sitting on the Financial Services Committee and chairing the subcommittee on insurance and housing. He left Congress in 2019 for a TV career and has been the host of “The Bottom Line” on Fox Business. Before entering politics, Duffy was a reality TV star on MTV, where he met his wife, “Fox and Friends Weekend” co-host Rachel Campos-Duffy. They have nine children. A campaign donor and CEO of Denver-based Liberty Energy, Write is a vocal advocate of oil and gas development, including fracking — a key pillar of Trump’s quest to achieve U.S. “energy dominance” in the global market. Wright also has been one of the industry’s loudest voices against efforts to fight climate change. He said the climate movement around the world is “collapsing under its own weight.” The Energy Department is responsible for advancing energy, environmental and nuclear security of the United States. Wright also won support from influential conservatives, including oil and gas tycoon Harold Hamm. Hamm, executive chairman of Oklahoma-based Continental Resources, a major shale oil company, is a longtime Trump supporter and adviser who played a key role on energy issues in Trump’s first term. President-elect Donald Trump tapped billionaire professional wrestling mogul Linda McMahon to be secretary of the Education Department, tasked with overseeing an agency Trump promised to dismantle. McMahon led the Small Business Administration during Trump’s initial term from 2017 to 2019 and twice ran unsuccessfully as a Republican for the U.S. Senate in Connecticut. She’s seen as a relative unknown in education circles, though she expressed support for charter schools and school choice. She served on the Connecticut Board of Education for a year starting in 2009 and has spent years on the board of trustees for Sacred Heart University in Connecticut. Brooke Rollins, who graduated from Texas A&M University with a degree in agricultural development, is a longtime Trump associate who served as White House domestic policy chief during his first presidency. The 52-year-old is president and CEO of the America First Policy Institute, a group helping to lay the groundwork for a second Trump administration. She previously served as an aide to former Texas Gov. Rick Perry and ran a think tank, the Texas Public Policy Foundation. Trump chose Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and a cryptocurrency enthusiast, as his nominee for commerce secretary, a position in which he'd have a key role in carrying out Trump's plans to raise and enforce tariffs. Trump made the announcement Tuesday on his social media platform, Truth Social. Lutnick is a co-chair of Trump’s transition team, along with Linda McMahon, the former wrestling executive who previously led Trump’s Small Business Administration. Both are tasked with putting forward candidates for key roles in the next administration. The nomination would put Lutnick in charge of a sprawling Cabinet agency that is involved in funding new computer chip factories, imposing trade restrictions, releasing economic data and monitoring the weather. It is also a position in which connections to CEOs and the wider business community are crucial. Doug Collins is a former Republican congressman from Georgia who gained recognition for defending Trump during his first impeachment trial, which centered on U.S. assistance for Ukraine. Trump was impeached for urging Ukraine to investigate Joe Biden in 2019 during the Democratic presidential nomination, but he was acquitted by the Senate. Collins has also served in the armed forces himself and is currently a chaplain in the United States Air Force Reserve Command. "We must take care of our brave men and women in uniform, and Doug will be a great advocate for our Active Duty Servicemembers, Veterans, and Military Families to ensure they have the support they need," Trump said in a statement about nominating Collins to lead the Department of Veterans Affairs. Karoline Leavitt, 27, was Trump's campaign press secretary and currently a spokesperson for his transition. She would be the youngest White House press secretary in history. The White House press secretary typically serves as the public face of the administration and historically has held daily briefings for the press corps. Leavitt, a New Hampshire native, was a spokesperson for MAGA Inc., a super PAC supporting Trump, before joining his 2024 campaign. In 2022, she ran for Congress in New Hampshire, winning a 10-way Republican primary before losing to Democratic Rep. Chris Pappas. Leavitt worked in the White House press office during Trump's first term before she became communications director for New York Republican Rep. Elise Stefanik, Trump's choice for U.S. ambassador to the United Nations. Former Hawaii Rep. Tulsi Gabbard has been tapped by Trump to be director of national intelligence, keeping with the trend to stock his Cabinet with loyal personalities rather than veteran professionals in their requisite fields. Gabbard, 43, was a Democratic House member who unsuccessfully sought the party's 2020 presidential nomination before leaving the party in 2022. She endorsed Trump in August and campaigned often with him this fall. “I know Tulsi will bring the fearless spirit that has defined her illustrious career to our Intelligence Community,” Trump said in a statement. Gabbard, who has served in the Army National Guard for more than two decades, deploying to Iraq and Kuwait, would come to the role as somewhat of an outsider compared to her predecessor. The current director, Avril Haines, was confirmed by the Senate in 2021 following several years in a number of top national security and intelligence positions. Trump has picked John Ratcliffe, a former Texas congressman who served as director of national intelligence during his first administration, to be director of the Central Intelligence Agency in his next. Ratcliffe was director of national intelligence during the final year and a half of Trump's first term, leading the U.S. government's spy agencies during the coronavirus pandemic. “I look forward to John being the first person ever to serve in both of our Nation's highest Intelligence positions,” Trump said in a statement, calling him a “fearless fighter for the Constitutional Rights of all Americans” who would ensure “the Highest Levels of National Security, and PEACE THROUGH STRENGTH.” Trump has chosen former New York Rep. Lee Zeldin to serve as his pick to lead the Environmental Protection Agency . Zeldin does not appear to have any experience in environmental issues, but is a longtime supporter of the former president. The 44-year-old former U.S. House member from New York wrote on X , “We will restore US energy dominance, revitalize our auto industry to bring back American jobs, and make the US the global leader of AI.” “We will do so while protecting access to clean air and water,” he added. During his campaign, Trump often attacked the Biden administration's promotion of electric vehicles, and incorrectly referring to a tax credit for EV purchases as a government mandate. Trump also often told his audiences during the campaign his administration would “Drill, baby, drill,” referring to his support for expanded petroleum exploration. In a statement, Trump said Zeldin “will ensure fair and swift deregulatory decisions that will be enacted in a way to unleash the power of American businesses, while at the same time maintaining the highest environmental standards, including the cleanest air and water on the planet.” Trump has named Brendan Carr, the senior Republican on the Federal Communications Commission, as the new chairman of the agency tasked with regulating broadcasting, telecommunications and broadband. Carr is a longtime member of the commission and served previously as the FCC’s general counsel. He has been unanimously confirmed by the Senate three times and was nominated by both Trump and President Joe Biden to the commission. Carr made past appearances on “Fox News Channel," including when he decried Democratic Vice President Kamala Harris' pre-Election Day appearance on “Saturday Night Live.” He wrote an op-ed last month defending a satellite company owned by Trump supporter Elon Musk. Rep. Elise Stefanik is a representative from New York and one of Trump's staunchest defenders going back to his first impeachment. Elected to the House in 2014, Stefanik was selected by her GOP House colleagues as House Republican Conference chair in 2021, when former Wyoming Rep. Liz Cheney was removed from the post after publicly criticizing Trump for falsely claiming he won the 2020 election. Stefanik, 40, has served in that role ever since as the third-ranking member of House leadership. Stefanik’s questioning of university presidents over antisemitism on their campuses helped lead to two of those presidents resigning, further raising her national profile. If confirmed, she would represent American interests at the U.N. as Trump vows to end the war waged by Russia against Ukraine begun in 2022. He has also called for peace as Israel continues its offensive against Hamas in Gaza and its invasion of Lebanon to target Hezbollah. President-elect Donald Trump says he's chosen former acting Attorney General Matt Whitaker to serve as U.S. ambassador to NATO. Trump has expressed skepticism about the Western military alliance for years. Trump said in a statement Wednesday that Whitaker is “a strong warrior and loyal Patriot” who “will ensure the United States’ interests are advanced and defended” and “strengthen relationships with our NATO Allies, and stand firm in the face of threats to Peace and Stability.” The choice of Whitaker as the nation’s representative to the North Atlantic Treaty Organization is an unusual one, given his background is as a lawyer and not in foreign policy. A Republican congressman from Michigan who served from 1993 to 2011, Hoekstra was ambassador to the Netherlands during Trump's first term. “In my Second Term, Pete will help me once again put AMERICA FIRST,” Trump said in a statement announcing his choice. “He did an outstanding job as United States Ambassador to the Netherlands during our first four years, and I am confident that he will continue to represent our Country well in this new role.” Trump will nominate former Arkansas Gov. Mike Huckabee to be ambassador to Israel. Huckabee is a staunch defender of Israel and his intended nomination comes as Trump has promised to align U.S. foreign policy more closely with Israel's interests as it wages wars against the Iran-backed Hamas and Hezbollah. “He loves Israel, and likewise the people of Israel love him,” Trump said in a statement. “Mike will work tirelessly to bring about peace in the Middle East.” Huckabee, who ran unsuccessfully for the Republican presidential nomination in 2008 and 2016, has been a popular figure among evangelical Christian conservatives, many of whom support Israel due to Old Testament writings that Jews are God’s chosen people and that Israel is their rightful homeland. Trump has been praised by some in this important Republican voting bloc for moving the U.S. embassy in Israel from Tel Aviv to Jerusalem. Trump on Tuesday named real estate investor Steven Witkoff to be special envoy to the Middle East. The 67-year-old Witkoff is the president-elect's golf partner and was golfing with him at Trump's club in West Palm Beach, Florida, on Sept. 15, when the former president was the target of a second attempted assassination. Witkoff “is a Highly Respected Leader in Business and Philanthropy,” Trump said of Witkoff in a statement. “Steve will be an unrelenting Voice for PEACE, and make us all proud." Trump also named Witkoff co-chair, with former Georgia Sen. Kelly Loeffler, of his inaugural committee. Trump asked Rep. Michael Waltz, R-Fla., a retired Army National Guard officer and war veteran, to be his national security adviser, Trump announced in a statement Tuesday. The move puts Waltz in the middle of national security crises, ranging from efforts to provide weapons to Ukraine and worries about the growing alliance between Russia and North Korea to the persistent attacks in the Middle East by Iran proxies and the push for a cease-fire between Israel and Hamas and Hezbollah. “Mike has been a strong champion of my America First Foreign Policy agenda,” Trump's statement said, "and will be a tremendous champion of our pursuit of Peace through Strength!” Waltz is a three-term GOP congressman from east-central Florida. He served multiple tours in Afghanistan and also worked in the Pentagon as a policy adviser when Donald Rumsfeld and Robert Gates were defense chiefs. He is considered hawkish on China, and called for a U.S. boycott of the 2022 Winter Olympics in Beijing due to its involvement in the origin of COVID-19 and its mistreatment of the minority Muslim Uighur population. Stephen Miller, an immigration hardliner , was a vocal spokesperson during the presidential campaign for Trump's priority of mass deportations. The 39-year-old was a senior adviser during Trump's first administration. Miller has been a central figure in some of Trump's policy decisions, notably his move to separate thousands of immigrant families. Trump argued throughout the campaign that the nation's economic, national security and social priorities could be met by deporting people who are in the United States illegally. Since Trump left office in 2021, Miller has served as the president of America First Legal, an organization made up of former Trump advisers aimed at challenging the Biden administration, media companies, universities and others over issues such as free speech and national security. Thomas Homan, 62, has been tasked with Trump’s top priority of carrying out the largest deportation operation in the nation’s history. Homan, who served under Trump in his first administration leading U.S. Immigration and Customs Enforcement, was widely expected to be offered a position related to the border, an issue Trump made central to his campaign. Though Homan has insisted such a massive undertaking would be humane, he has long been a loyal supporter of Trump's policy proposals, suggesting at a July conference in Washington that he would be willing to "run the biggest deportation operation this country’s ever seen.” Democrats have criticized Homan for his defending Trump's “zero tolerance” policy on border crossings during his first administration, which led to the separation of thousands of parents and children seeking asylum at the border. Dr. Mehmet Oz, 64, is a former heart surgeon who hosted “The Dr. Oz Show,” a long-running daytime television talk show. He ran unsuccessfully for the U.S. Senate as the Republican nominee in 2022 and is an outspoken supporter of Trump, who endorsed Oz's bid for elected office. Russell Vought held the position during Trump’s first presidency. After Trump’s initial term ended, Vought founded the Center for Renewing America, a think tank that describes its mission as “renew a consensus of America as a nation under God.” Vought was closely involved with Project 2025, a conservative blueprint for Trump’s second term that he tried to distance himself from during the campaign. Vought has also previously worked as the executive and budget director for the Republican Study Committee, a caucus for conservative House Republicans. He also worked at Heritage Action, the political group tied to The Heritage Foundation, a conservative think tank. Scavino, whom Trump's transition referred to in a statement as one of “Trump's longest serving and most trusted aides,” was a senior adviser to Trump's 2024 campaign, as well as his 2016 and 2020 campaigns. He will be deputy chief of staff and assistant to the president. Scavino had run Trump's social media profile in the White House during his first administration. He was also held in contempt of Congress in 2022 after a month-long refusal to comply with a subpoena from the House committee’s investigation into the Jan. 6, 2021, attack on the U.S. Capitol. Blair was political director for Trump's 2024 campaign and for the Republican National Committee. He will be deputy chief of staff for legislative, political and public affairs and assistant to the president. Blair was key to Trump's economic messaging during his winning White House comeback campaign this year, a driving force behind the candidate's “Trump can fix it” slogan and his query to audiences this fall if they were better off than four years ago. Budowich is a veteran Trump campaign aide who launched and directed Make America Great Again, Inc., a super PAC that supported Trump's 2024 campaign. He will be deputy chief of staff for communications and personnel and assistant to the president. Budowich also had served as a spokesman for Trump after his presidency. McGinley was White House Cabinet secretary during Trump's first administration, and was outside legal counsel for the Republican National Committee's election integrity effort during the 2024 campaign. In a statement, Trump called McGinley “a smart and tenacious lawyer who will help me advance our America First agenda, while fighting for election integrity and against the weaponization of law enforcement.” Associated Press writer Colleen Long contributed to this story. Stay up-to-date on the latest in local and national government and political topics with our newsletter.NEW YORK, Dec. 02, 2024 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution for each Fund’s common shares as summarized below. The distributions are payable on January 2, 2025 to shareholders of record on December 12, 2024, with an ex-dividend date of December 12, 2024. Fund Distribution Information as of October 31, 2024: Distribution rates are not performance and are calculated by annualizing the current distribution per share announced in this press release and dividing by the NAV or Market Price, as applicable, as of the reported date. A Fund’s distribution rate may be affected by numerous factors, including changes in realized and projected market returns, Fund performance, and other factors. There can be no assurance that a change in market conditions or other factors will not result in a change in a Fund’s distribution rate at a future time. Distributions may be comprised of ordinary income, net capital gains, and/or a return of capital (“ROC”) of your investment in a Fund. Because the distribution rate may include a ROC, it should not be confused with yield or performance. Average Annual Total Returns Based on NAV and Market Price (“MKT”) of Common Shares as of October 31, 2024: Performance for periods of more than one year is annualized. Past performance is not a guarantee or a reliable indicator of future results. There can be no assurance that a Fund or any investment strategy will achieve its investment objectives or structure its investment portfolio as anticipated. An investment in a Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate. Shares may be worth more or less than original purchase price. Due to market volatility, current performance may be lower or higher than average annual returns shown. Returns are calculated by determining the percentage change in net asset value (“NAV”) or market price (as applicable) of the Fund’s common shares in the specific period. The calculation assumes that all dividends and distributions, if any, have been reinvested. NAV and market price returns do not reflect broker sales charges or commissions in connection with the purchase or sales of Fund shares and includes the effect of any expense reductions. Returns for a period of less than one year are not annualized. Returns for a period of more than one year represent the average annual return. Performance at market price will differ from results at NAV. Although market price returns typically reflect investment results over time, during shorter periods returns at market price can also be influenced by factors such as changing views about a Fund, market conditions, supply and demand for a Fund’s shares or changes in Fund dividends and distributions. Additional Information Distributions from PMF, PML, PMX, PCQ, PCK, PZC, PNF, PNI and PYN are generally exempt from regular federal income taxes (i.e., excluded from gross income for federal income tax purposes but not necessarily exempt from the federal alternative minimum tax). In addition, distributions from PCQ, PCK and PZC are also generally exempt from California state income taxes, and distributions from PNF, PNI and PYN are generally exempt from New York State and city income taxes. There can be no assurance that all distributions paid by these Funds will be exempt from federal income taxes or applicable state or local income taxes. Distributions may include ordinary income, net capital gains and/or a return of capital. Generally, a return of capital occurs when the amount distributed by a Fund includes a portion of (or is comprised entirely of) your investment in the Fund in addition to (or rather than) your pro-rata portion of the Fund’s net income or capital gains. A Fund’s distributions in any period may be more or less than the net return earned by the Fund on its investments, and therefore should not be used as a measure of performance or confused with “yield” or “income.” A return of capital is not taxable; rather it reduces a shareholder’s tax basis in his or her shares of a Fund. If a Fund estimates that a portion of a distribution may be comprised of amounts from sources other than net investment income, as determined in accordance with its internal accounting records and related accounting practices, the Fund will notify shareholders of the estimated composition of such distribution through a Section 19 Notice. For these purposes, a Fund estimates the source or sources from which a distribution is paid, to the close of the period as of which it is paid, in reference to its internal accounting records and related accounting practices. If, based on such accounting records and practices, it is estimated that a particular distribution does not include capital gains or paid-in surplus or other capital sources, a Section 19 Notice generally would not be issued. It is important to note that differences exist between a Fund’s daily internal accounting records and practices, the Fund’s financial statements presented in accordance with U.S. GAAP, and recordkeeping practices under income tax regulations. For instance, a Fund’s internal accounting records and practices may take into account, among other factors, tax-related characteristics of certain sources of distributions that differ from treatment under U.S. GAAP. Examples of such differences may include, among others, the treatment of paydowns on mortgage-backed securities purchased at a discount and periodic payments under interest rate swap contracts. Accordingly, among other consequences, it is possible that a Fund may not issue a Section 19 Notice in situations where the Fund’s financial statements prepared later and in accordance with U.S. GAAP and/or the final tax character of those distributions might later report that the sources of those distributions included capital gains and/or a return of capital. Please visit www.pimco.com for the most recent Section 19 Notice, if applicable, and most recent shareholder reports for additional information regarding the estimated composition of distributions. Final determination of a distribution’s tax character will be provided to shareholders when such information is available. The tax treatment and characterization of a Fund’s distributions may vary significantly from time to time because of the varied nature of the Fund’s investments. For example, a Fund may enter into opposite sides of multiple interest rate swaps or other derivatives with respect to the same underlying reference instrument (e.g., a 10-year U.S. treasury) that have different effective dates with respect to interest accrual time periods for the principal purpose of generating distributable gains (characterized as ordinary income for tax purposes) that are not part of the Fund’s duration or yield curve management strategies. In such a “paired swap transaction”, the Fund would generally enter into one or more interest rate swap agreements whereby the Fund agrees to make regular payments starting at the time the Fund enters into the agreements equal to a floating interest rate in return for payments equal to a fixed interest rate (the “initial leg”). The Fund would also enter into one or more interest rate swap agreements on the same underlying instrument, but take the opposite position (i.e., in this example, the Fund would make regular payments equal to a fixed interest rate in return for receiving payments equal to a floating interest rate) with respect to a contract whereby the payment obligations do not commence until a date following the commencement of the initial leg (the “forward leg”). A Fund may engage in investment strategies, including those that employ the use of derivatives, to, among other things, seek to generate current, distributable income, even if such strategies could potentially result in declines in the Fund’s NAV. A Fund’s income and gain-generating strategies, including certain derivatives strategies, may generate current income and gains taxable as ordinary income sufficient to support monthly distributions even in situations when the Fund has experienced a decline in net assets due to, for example, adverse changes in the broad U.S. or non-U.S. equity markets or the Fund’s debt investments, or arising from its use of derivatives. Because some or all of these transactions may generate capital losses without corresponding offsetting capital gains, portions of a Fund’s distributions recognized as ordinary income for tax purposes (such as from paired swap transactions) may be economically similar to a taxable return of capital when considered together with such capital losses. The tax treatment of certain derivatives in which a Fund invests may be unclear and thus subject to recharacterization. Any recharacterization of payments made or received by a Fund pursuant to derivatives potentially could affect the amount, timing or character of Fund distributions. In addition, the tax treatment of such investment strategies may be changed by regulation or otherwise. The common shares of the Funds trade on the New York Stock Exchange. As with any stock, the price of a Fund’s common shares will fluctuate with market conditions and other factors. If you sell your common shares of a Fund, the price received may be more or less than your original investment. Shares of closed-end investment management companies, such as the Funds, frequently trade at a discount from their net asset value and may trade at a price that is less than the initial offering price and/or the net asset value of such shares. Further, if a Fund’s shares trade at a price that is more than the initial offering price and/or the net asset value of such shares, including at a substantial premium and/or for an extended period of time, there is no assurance that any such premium will be sustained for any period of time and will not decrease, or that the shares will not trade at a discount to net asset value thereafter. The Funds’ daily New York Stock Exchange closing market prices, net asset values per share, as well as other information, including updated portfolio statistics and performance are available at pimco.com/closedendfunds or by calling the Funds’ shareholder servicing agent at (844) 33-PIMCO. Updated portfolio holdings information about a Fund will be available approximately 15 calendar days after such Fund’s most recent fiscal quarter end, and will remain accessible until such Fund files a shareholder report or a publicly available Form N-PORT for the period that includes the date of the information. A Fund’s shares do not represent a deposit or obligation of, and are not guaranteed or endorsed by, any bank or other insured depository institution, and are not insured by the FDIC, the Federal Reserve Board or any other government agency. You may lose money by investing in a Fund. Certain risks associated with investing in a Fund are summarized below. An investor should consider, among other things, a Fund’s investment objectives, risks, charges and expenses carefully before investing. A Fund’s annual report contains (or will contain) this and other information about the Fund. A word about risk: Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and low interest rate environments increase this risk. Reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed. Mortgage and asset-backed securities may be sensitive to changes in interest rates, subject to early repayment risk, and their value may fluctuate in response to the market’s perception of issuer creditworthiness; while generally supported by some form of government or private guarantee there is no assurance that private guarantors will meet their obligations. Investing in foreign-denominated and/or -domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. Corporate debt securities are subject to the risk of the issuer’s inability to meet principal and interest payments on the obligation and may also be subject to price volatility due to factors such as interest rate sensitivity, market perception of the creditworthiness of the issuer and general market liquidity. Bank loans are often less liquid than other types of debt instruments and general market and financial conditions may affect the prepayment of bank loans, and as such the prepayments cannot be predicted with accuracy. There is no assurance that the liquidation of any collateral from a secured bank loan would satisfy the borrower’s obligation, or that such collateral could be liquidated. Contingent Convertible (“Coco”) Bonds are bonds that are converted into equity of the issuing company if a pre-specified trigger occurs. Co-cos are subject to a different type of risk from traditional bonds and may result in a partial or total loss of value or may be converted into shares of the issuing company which may also have suffered a loss in value. Collateralized Loan Obligations (CLOs) may involve a high degree of risk and are intended for sale to qualified investors only. Investors may lose some or all of the investment and there may be periods where no cash flow distributions are received. CLOs are exposed to risks such as credit, default, liquidity, management, volatility, interest rate, and credit risk. Convertible securities may be called before intended, which may have an adverse effect on investment objectives. Floating rate loans are not traded on an exchange and are subject to significant credit, valuation and liquidity risk. A Fund may invest without limit in below investment grade debt securities (commonly referred to as “high yield” securities or “junk bonds”), including securities of stressed and distressed issuers. High-yield, lower-rated, securities involve greater risk than higher-rated securities; portfolios that invest in them may be subject to greater levels of credit and liquidity risk than portfolios that do not. Real estate investment trusts (or REITs) are subject to risk, such as poor performance by the manager, adverse changes to tax laws or failure to qualify for tax-free pass-through of income. Investments in residential/commercial mortgage loans and commercial real estate debt are subject to risks that include prepayment, delinquency, foreclosure, risks of loss, servicing risks and adverse regulatory developments, which risks may be heightened in the case of non-performing loans. Investing in distressed loans and bankrupt companies is speculative and the repayment of default obligations contains significant uncertainties. Distressed and Defaulted Securities involve substantial risks, including the risk of default. Such investments may be in default at the time of investment. In addition, these securities may fluctuate more in price, and are typically less liquid. Commodities contain heightened risk, including market, political, regulatory and natural conditions, and may not be appropriate for all investors. Many energy sector master limited partnerships (or MLPs) and other companies in which PDX may invest operate natural gas, natural gas liquids, crude oil, refined products, coal, or other facilities within the energy sector and will be susceptible to adverse economic, environmental, or regulatory occurrences affecting the sector including sharp decreases in crude oil or natural gas prices. Energy Sector Risk. PDX will be concentrated in the energy sector, and will therefore be susceptible to adverse economic, environmental, or regulatory occurrences affecting that sector. Private credit involves an investment in non-publicly traded securities which may be subject to illiquidity risk. Portfolios that invest in private credit may be leveraged and may engage in speculative investment practices that increase the risk of investment loss. A Fund will also have exposure to such risks through its investments in mortgage and asset-backed securities, which are highly complex instruments that may be sensitive to changes in interest rates and subject to early repayment risk. Income from municipal bonds is exempt from federal income tax and may be subject to state and local taxes and at times the alternative minimum tax; a strategy concentrating in a single or limited number of states is subject to greater risk of adverse economic conditions and regulatory changes. Structured products such as collateralized debt obligations are also highly complex instruments, typically involving a high degree of risk; use of these instruments may involve derivative instruments that could lose more than the principal amount invested. Sovereign securities are generally backed by the issuing government, obligations of U.S. Government agencies and authorities are supported by varying degrees but are generally not backed by the full faith of the U.S. Government; portfolios that invest in such securities are not guaranteed and will fluctuate in value. Concentration of assets in one or a few sectors may entail greater risk than a fully diversified portfolio and should be considered as only part of a diversified portfolio. Investing in foreign-denominated and/or -domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. Leveraging transactions, including borrowing, typically will cause a portfolio to be more volatile than if the portfolio had not been leveraged. Leveraging transactions typically involve expenses, which could exceed the rate of return on investments purchased by a fund with such leverage and reduce fund returns. The use of leverage may cause a portfolio to liquidate positions when it may not be advantageous to do so. Leveraging transactions may increase a fund’s duration and sensitivity to interest rate movements. Derivatives may involve certain costs and risks, such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested. Each of PDO, PNF and PYN is non-diversified, which means that it may invest its assets in a smaller number of issuers than a diversified Fund. Limited Term Risk. With respect to PDX, PDO and PAXS (each, for purposes of this paragraph only, a “Limited Term Fund”), unless the limited term provision of a Limited Term Fund’s Amended and Restated Agreement and Declaration of Trust (the “Declaration of Trust”) is amended by shareholders in accordance with the Declaration of Trust, or unless a Limited Term Fund completes a tender offer, as of a date within twelve months preceding the Dissolution Date (as defined below), to all common shareholders to purchase 100% of the then outstanding common shares of such Limited Term Fund at a price equal to the NAV per common share on the expiration date of the tender offer (an “Eligible Tender Offer”), and converts to perpetual existence, such Limited Term Fund will terminate. PDX will terminate on or about January 29, 2031; PDO will terminate on or about January 27, 2033; and PAXS will terminate on or about January 27, 2034 (each such termination date, a “Dissolution Date”). No Limited Term Fund is a “target term” fund whose investment objective is to return its original net asset value on the Dissolution Date or in an Eligible Tender Offer. Because the assets of each Limited Term Fund will be liquidated in connection with the dissolution, such Limited Term Fund will incur transaction costs in connection with dispositions of portfolio securities. The Limited Term Funds do not limit their investments to securities having a maturity date prior to the applicable Dissolution Date and may be required to sell portfolio securities when they otherwise would not, including at times when market conditions are not favorable, which may cause such Limited Term Fund to lose money. In particular, a Limited Term Fund’s portfolio may still have large exposures to illiquid securities as its Dissolution Date approaches, and losses due to portfolio liquidation may be significant. Beginning one year before the applicable Dissolution Date (the “Wind-Down Period”), a Limited Term Fund may begin liquidating all or a portion of its portfolio, and may deviate from its investment strategy and may not achieve its investment objectives. As a result, during the Wind-Down Period, a Limited Term Fund’s distributions may decrease, and such distributions may include a return of capital. A Limited Term Fund’s investment objectives and policies are not designed to seek to return investors’ original investment upon termination of such Limited Term Fund, and investors may receive more or less than their original investment upon termination of such Limited Term Fund. As the assets of a Limited Term Fund will be liquidated in connection with its termination, such Limited Term Fund may be required to sell portfolio securities when it otherwise would not, including at times when market conditions are not favorable, which may cause such Limited Term Fund to lose money. Closed-end funds, unlike open-end funds, are not continuously offered. After the initial public offering, shares are sold on the open market through a stock exchange. Closed-end funds may be leveraged and carry various risks depending upon the underlying assets owned by a fund. Investment policies, management fees and other matters of interest to prospective investors may be found in each closed-end fund annual and semi-annual report. For additional information, please contact your investment professional or call 1-844-337-4626. About PIMCO PIMCO was founded in 1971 in Newport Beach, California and is one of the world’s premier fixed income investment managers. Today we have offices across the globe and 3,000+ professionals united by a single purpose: creating opportunities for investors in every environment. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider. Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO’s sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statement. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO is a trademark of Allianz Asset Management of America LLC in the United States and throughout the world. PIMCO Investments LLC, 1633 Broadway, New York, NY 10019, is a company of PIMCO. ©2024, PIMCO. For information on PIMCO Closed-End Funds: Financial Advisors: (800) 628-1237 Shareholders: (844) 337-4626 or (844) 33-PIMCO PIMCO Media Relations: (212) 597-1054

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