Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 19)*
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PIMCO FLEXIBLE REAL ESTATE INCOME FUND (Name of Issuer) |
Institutional Class Common Shares (Title of Class of Securities) |
72203N509 (CUSIP Number) |
Daniel J. Ivascyn c/o Pacific Investment Management Co LLC, 650 Newport Center Drive Newport Beach, CA, 92660 (888) 877-4326 Regina M. Schlatter, Esq. Latham & Watkins LLP, 650 Town Center Drive, 20th Floor Costa Mesa, CA, 92626 (714) 540-1235 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
02/05/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
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| CUSIP No. | 72203N509 |
| 1 |
Name of reporting person
Daniel J Ivascyn | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
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| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
PF | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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| 6 | Citizenship or place of organization
UNITED STATES
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 11 | Aggregate amount beneficially owned by each reporting person
4,138,497.19 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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| 13 | Percent of class represented by amount in Row (11)
13.7 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13D
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| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
Institutional Class Common Shares | |
| (b) | Name of Issuer:
PIMCO FLEXIBLE REAL ESTATE INCOME FUND | |
| (c) | Address of Issuer's Principal Executive Offices:
650 NEWPORT CENTER DRIVE, NEWPORT BEACH,
CALIFORNIA
, 92660. | |
Item 1 Comment:
This Schedule 13D, as amended, of the Reporting Person ("Schedule") is being filed to report a change in beneficial ownership resulting from the recent acquisition of shares, and to update the percentage of s
hares beneficially owned as reported in the Schedule 13D/As filed on January 23, 2025 and January 27, 2025 (collectively, the "January Reports"), which were based on the number of Institutional Class Shares Outstanding. The updates are as follows: On January 23, 2025, the Reporting Person beneficially owned 9.1% based on total Common Shares outstanding as of January 21, 2025 of 28,941,346. On January 27, 2025, the Reporting Person beneficially owned 10.8% based on total Common Shares outstanding as of January 23, 2025 of 29,004,532. Except as set forth herein, the January Reports and the Schedule are unmodified. | ||
| Item 3. | Source and Amount of Funds or Other Consideration | |
On February 5, 2025, the Reporting Person bought 1,000,000 shares at $10.49 per share in the open market for an aggregate purchase price of approximately $10,490,000. The source of funds for such purchases was the existing personal funds of the Reporting Person. | ||
| Item 5. | Interest in Securities of the Issuer | |
| (a) | The Reporting Person beneficially owns 4,138,497.188 Common Shares directly and an aggregate of 79,608.01 Common Shares held through two trusts for the benefit of 2 children and as to which the Reporting Person is trustee, which represents approximately 13.7% of the Issuer's currently outstanding Common Shares, based upon 30,219,707 Common Shares outstanding as of February 5, 2025. | |
| (b) | The Reporting Person has the sole power to vote or direct the vote, and to dispose or direct the disposition of, all of the Common Shares beneficially owned by the Reporting Person described in paragraph (a) above. | |
| (c) | Except as set forth in the Schedule filed with the SEC on January 27, 2025, as amended hereto, and as supplemented in Item 3, the Reporting Person has not effected any transactions in the Issuer's Common Shares within the past 60 days. | |
| (d) | No person other than the Reporting Person has the right to receive or the power to direct the receipt of dividends from, or the proceeds of the sale of, his Common Shares. | |
| (e) | Not applicable. | |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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