Pacific Investment Management Co Llc - Sep 17, 2021 Form 4 Insider Report for Clear Channel Outdoor Holdings, Inc. (CCO)

Role: 10%+ Owner
Signature: By: /s/ Jason Nagler, Senior Vice President
Stock symbol: CCO
Transactions as of: Sep 17, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/21/2021, 08:56 PM
Previous filing: Aug 11, 2021
Next filing: Oct 25, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CCO	Common Stock	Other		+183K	+0.17%		105M	Sep 17, 2021	See footnote	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects a transfer of 182,893 shares of the Issuer's common stock (the "Transferred Shares") from a discretionary account for which the Reporting Person is the investment adviser to PIMCO Income Fund, an investment fund for which the Reporting Person is also the adviser. In exchange for the Transferred Shares, the relevant discretionary account received shares of the PIMCO Income Fund with a value of $488,324. Following that transaction, PIMCO Income Fund holds 50,862,666 shares of the Issuer's common stock. The total number of shares of the Issuer's common stock held by investment advisory clients and discretionary accounts of the Reporting Person did not change as a result of that transaction.
F2	The Reporting Person is the investment adviser to certain investment advisory clients and discretionary accounts that hold the shares reported herein. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of its pecuniary interest therein.

Content

Reflects a transfer of 182,893 shares of the Issuer's common stock (the "Transferred Shares") from a discretionary account for which the Reporting Person is the investment adviser to PIMCO Income Fund, an investment fund for which the Reporting Person is also the adviser. In exchange for the Transferred Shares, the relevant discretionary account received shares of the PIMCO Income Fund with a value of $488,324. Following that transaction, PIMCO Income Fund holds 50,862,666 shares of the Issuer's common stock. The total number of shares of the Issuer's common stock held by investment advisory clients and discretionary accounts of the Reporting Person did not change as a result of that transaction.

The Reporting Person is the investment adviser to certain investment advisory clients and discretionary accounts that hold the shares reported herein. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of its pecuniary interest therein.