PCN News and Press, Pimco Corporate & Income Strategy Fund From 08/14/23

NEW YORK, Aug. 14, 2023 (GLOBE NEWSWIRE) -- PIMCO Corporate & Income Opportunity Fund (NYSE: PTY), PIMCO Corporate & Income Strategy Fund (NYSE: PCN), PIMCO High Income Fund (NYSE: PHK), PIMCO Income Strategy Fund (NYSE: PFL), PIMCO Income Strategy Fund II (NYSE: PFN), PIMCO California Mu...

2023-07-27 10:53:42 ET Summary We provide a June update for the PIMCO CEF taxable suite. The SEC fined PIMCO $6.5m for inadequate disclosure of its paired swap strategy. Coverage turned back down for taxable funds to close out the fiscal year. Most taxable funds continued ...

2023-07-17 03:27:10 ET Summary 6 out of 22 CEF sectors positive on price and 3 out of 22 sectors positive on NAV last week. PDT reduces distribution by 15%, FSCO boosts distribution by 15%. Some CEFs getting bubbly. Author’s note: This article was released t...

2023-07-12 15:10:26 ET Summary Investors today are desperate for any source of income in order to maintain their lifestyles in an inflationary environment. PIMCO Corporate & Income Strategy Fund invests in a portfolio of bonds to provide its investors with a very high level of...

NEW YORK, July 03, 2023 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution for each Fund’s common shares as summarized below. The distribut...

2023-07-03 15:03:27 ET Summary The Beta coefficient measures the behavior of a security relative to the market: a Beta greater than one indicates the investment is more volatile than the market, and vice versa. Standard Deviation, on the other hand, measures the range of an invest...

2023-06-29 11:26:44 ET Summary We provide a May update for the PIMCO CEF taxable suite. PIMCO taxable CEFs deleveraged slightly as total borrowings fell to a new low. Six-month rolling coverage stabilized and recovered as we expected in the last monthly update. We discuss ...

2023-06-01 17:18:39 ET Summary The market is composed of the intelligence and emotions of its participants, millions of people whose judgments and assessments guide its prices. Right now, the market is dominated by the expectation of a recession, and any data is read in its antici...

2023-04-30 01:44:27 ET Summary Discounts/premiums are one of the most important metrics for CEFs that can provide opportunities for investors. Closed-end funds often see expanded discounts during volatile years, which we experienced in 2022. Volatility has been coming down in ...

2023-04-27 09:18:37 ET Summary We provide a March update for the PIMCO CEF taxable suite. Taxable coverage continued to tick lower while Muni coverage remained fairly stable. Taxable borrowings increased for only the second time over the past year, as PIMCO likely took advanta...