PCN News and Press, Pimco Corporate & Income Strategy Fund From 01/01/23

Summary Financial markets are set to close a difficult year amid the war in Ukraine, pandemic aftershocks, and inflation-eroding purchasing power. As always, the first rule for every investor is to try to survive and avoid making mistakes that could prove fatal. As for me, I hope I ...

Summary We provide a November update for the PIMCO CEF taxable suite. Taxable PIMCO CEFs continued to deleverage in November, bringing the average leverage level of the suite to its lowest in over a year. Distribution coverage also continued to fall at a pace faster than can be expl...

Summary The rising cost of living in the United States and abroad has forced investors to increase their incomes just to maintain their standard of living. PCN can help investors get extra income by investing in a very high-yielding portfolio of corporate bonds. The fund appears to ...

Summary Ten months of this troubling 2022 have passed, and my overall portfolio is beginning to take its final shape. Some positions have long since been completed, while for others, I am taking small acquisition steps each time the market turns downward. In spite of everythin...

Summary I created my main income portfolio, based on closed-end funds, during the financial crash that occurred in the spring of 2020. Over the course of 2021, I gradually lightened my positions, taking advantage of the vehement rise in the market, and set aside the resulting liqu...

Summary PCN has joined most of the credit world by seeing a very negative return in 2022. Since my article in September 2021, PCN has performed very poorly. If we look forward, however, the picture seems a bit brighter. The valuation of the fund has come down to Earth and credit s...

Summary August was a month of significant changes in the structure of my overall portfolio, which now contains 22 securities. Thanks to the gain from the last securities that I purchased in the spring, I was able to close all previous positions that had been showing a continuous l...

CEF Focus Investing means selecting quality funds to have a steady stream of sustainable income over time. However, if we feel the imperative to stay fully invested in the market as it rises, we won’t have any cash to invest when prices fall. We should be aware that sooner ...

PDO hiked its NAV distribution rate by 8%, now boasting a current yield of 10.77% as of this writing. The hike didn't catch our readers by surprise, as we've been discussing the fund's comically high coverage and UNII levels for months. We expect valuation of PDO to improve furthe...

The PIMCO Corporate & Income Strategy Fund invests in multiple segments of the US and International Fixed Income markets. PCN is one of five CEFs that PIMCO classifies as Corporate despite it investing in other sectors of the market. The CEF is reviewed in-depth here to understand...