On November 4, 2019, PIMCO Municipal Income Fund announced that Dryden Capital, LLC, has nominated Derrick A. Clark as a competing preferred shares trustee nominee for the Company at its annual general meeting scheduled to be held on December 17, 2019. The Company stated that the current Board nominated trustees do not support the Dryden nominee and urged the shareholders to vote in favor of re-electing the incumbent preferred share Board nominees; Sarah E. Cogan, David N. Fisher, James A. Jacobson, and Alan Rappaport.