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home / news releases / SBSAA - PGP: Still A Mixed Bag But High Yield Should Support Share Price

SBSAA - PGP: Still A Mixed Bag But High Yield Should Support Share Price

Spanish Broadcasting System Inc.

Main Thesis

The purpose of this article is to evaluate the PIMCO Global StocksPLUS & Income Fund (PGP) as an investment option at its current market price. PGP has had a rocky 2019, experiencing a free fall drop after moving higher to start the year. This was primarily due to a distribution cut in April. However, the fund's underlying value remained stable, driven by continued demand for fixed-income products and declining interest rates. This has had the effect of markedly lowering the fund's premium, to the point where it sits at about half

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Stock Information
Company Name: Spanish Broadcasting System Inc.
Stock Symbol: SBSAA
Market: OTC
Website: spanishbroadcasting.com
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