PFN News and Press, PIMCO Income Strategy Fund II From 04/27/23

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...

2023-04-13 17:23:24 ET Summary Investors are desperately in need of income due to the rapidly rising cost of living. PIMCO Income Strategy Fund II invests in a portfolio of junk debt and other income-producing securities to deliver a high level of current income. The PFN close...

2023-04-04 12:41:57 ET Summary We provide a February update for the PIMCO CEF taxable suite. Taxable CEFs continued to deleverage despite NAVs largely holding steady through February, possibly as a result of a low level of net income generated by leveraged assets. Six-month ro...

2023-04-04 04:19:37 ET PIMCO Income Strategy Fund II ( NYSE: PFN ) declares $0.0718/share monthly dividend , in line with previous. Forward yield 11.93% Payable May 1; for shareholders of record April 13; ex-div April 12. See PFN Dividend Scorecard, Yield Cha...

2023-03-13 16:13:39 ET Summary Unbeknownst to many investors, PIMCO’s big-yield funds, PDI and PTY, have sometimes included a significant return of capital in their beloved big distributions (made opaque through derivative swaps transactions). We reached out to PIMCO for co...

2023-03-06 05:00:15 ET Do you know how much money you need to retire? If you’re like most folks, you might think the answer is “too much,” and for good reason. It seems like every day we hear another study or pundit saying we need millions to do so comfortably. ...

Summary We provide a December update for the PIMCO CEF taxable suite. Most funds deleveraged further while PDO added borrowings. Coverage continued to drop across all funds except PGP with only two funds now having coverage over 100%. We discuss the recent shift in the swaps por...

Summary PFN invests in a portfolio of fixed-income securities in an effort to provide a high level of current income to its investors. The fund includes floating-rate securities, which may hold their value better than traditional fixed-rate bonds as the Federal Reserve continues to tigh...

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 markets have added to the gains they started in October. I add to my investments every month; however, this month, I did quite a bit of movement with several positions I sold too. The opportunities weren't always with similar funds, but the decisions were valuation drive...