PFL News and Press, PIMCO Income Strategy Fund Shares of Beneficial Interest From 10/01/23

2023-10-01 11:49:38 ET Summary PDI, a fund with poor fundamentals and pricing, has underperformed the S&P 500 and other junk bond ETFs. Despite macro headwinds not playing out, PDI's pricing threw the returns under a bus. We tell you why we are upgrading this one and what ...

2023-09-29 00:46:46 ET Summary We provide an August update for the PIMCO CEF taxable suite. Coverage remained steady at nearly 70% on average for taxable funds. Borrowings ticked higher but remain in a six-month range. We highlight some interesting tidbits from the latest ...

2023-09-28 13:56:32 ET Summary PIMCO Income Strategy Fund offers a high current yield of 12.92%, but the market suggests it may be unsustainable in the future. The PFL closed-end fund's performance has been poor, falling 7.69% since July 2023, but still outperformed the S&P 50...

NEW YORK, Sept. 20, 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 M...

2023-09-01 04:32:44 ET Summary We provide a July update for the PIMCO CEF taxable suite. Taxable coverage fell for the second straight month while tax-exempt coverage remained stable. PIMCO is doing a tender offer of their very expensive auction-rate preferreds. PIMCO taxa...

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 ...

2023-07-24 19:26:30 ET Summary Investors today are desperate for any source of income as the high inflation in the United States has pushed up all of our regular expenses. PIMCO Income Strategy Fund invests in a portfolio of debt securities to provide investors with a high level o...

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...

2023-06-29 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 ...