<SEC-DOCUMENT>0001193125-21-358180.txt : 20211216
<SEC-HEADER>0001193125-21-358180.hdr.sgml : 20211216
<ACCEPTANCE-DATETIME>20211215192740
ACCESSION NUMBER:		0001193125-21-358180
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20211216
DATE AS OF CHANGE:		20211215

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PIMCO Dynamic Income Fund
		CENTRAL INDEX KEY:			0001510599
		IRS NUMBER:				274580758
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-250288
		FILM NUMBER:		211495488

	BUSINESS ADDRESS:	
		STREET 1:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		212-739-4000

	MAIL ADDRESS:	
		STREET 1:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<FILENAME>d215212d424b3.htm
<DESCRIPTION>424B3
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<TITLE>424B3</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Filed pursuant to Rule 424(b)(3) <BR> File No. 333-250288 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PIMCO Dynamic Income Fund </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(the &#147;Fund&#148;) </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Supplement dated December&nbsp;15, 2021 to the Fund&#146;s Prospectus, Statement of Additional </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Information and Prospectus Supplement, each dated November&nbsp;19, 2020, as supplemented </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">Effective as of December&nbsp;13, 2021, the annual management fee rate paid by the Fund to Pacific Investment Management Company LLC
(&#147;PIMCO&#148;), the Fund&#146;s investment manager, was reduced from 1.15% to 1.10% of the Fund&#146;s average daily total managed assets (the &#147;Fee Reduction&#148;). (Please see the Fund&#146;s prospectus for information regarding how the
Fund&#146;s average daily total managed assets are calculated.) The Fee Reduction went into effect upon the consummation of the reorganization of each of PIMCO Income Opportunity Fund (&#147;PKO&#148;) and PIMCO Dynamic Credit and Mortgage Income
Fund (&#147;PCI&#148;) with and into the Fund (the &#147;Reorganizations&#148;), which occurred following the scheduled close of regular trading on the New York Stock Exchange on December&nbsp;10, 2021. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">For more information regarding the Fund or the Reorganizations, please call 844-337-4626. The proxy statement/prospectus relating to the
Reorganizations is also available for free on the Securities and Exchange Commission&#146;s web site (http://www.sec.gov). Please read the most recent Fund prospectus carefully, available for free on PIMCO&#146;s website (https://www.pimco.com/),
before making any investment decisions. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Investors Should Retain This Supplement for Future Reference </U></B></P>
<P STYLE="margin-top:36pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">PDI_SUPP1_121521 </P>
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</SEC-DOCUMENT>
