The Board of Trustees of the PIMCO Dynamic Income Opportunities Fund (?Fund?) has declared a special year-end distribution for its common shares of $0.49 per share. The distribution is payable on December 21, 2021 to shareholders of record on December 14, 2021, with an ex-dividend date of December 13, 2021. In addition to the regular monthly dividend, this special year-end distribution is being paid to allow the Fund to meet its 2021 distribution requirements for federal excise tax purposes. The Fund?s total distribution will be taxable to shareholders in 2021.