On June 5, 2013, PIMCO Income Strategy Fund announced that it has received notice that, at the upcoming annual meeting, Brigade intends to nominate another non-incumbent candidate for preferred share Trustee of PIMCO Income Strategy Fund II, which is a position elected by Company's preferred shareholders voting as a single class apart from the common shareholders. PIMCO Income Strategy Fund also announced that The Continuing Trustees of the Company do not believe such a liquidity event for Brigade and other Preferred Shareholders is in the best interests of the Company. Thus, they urge shareholders to vote in favor of re-electing Company's incumbent preferred share Trustee nominee, James A. Jacobson.

PIMCO Income Strategy Fund also asked shareholders not to return any proxy card sent by Brigade.