PFN News and Press, PIMCO Income Strategy Fund II From 09/01/23

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...

2023-08-01 23:43:00 ET Summary The article evaluates the PIMCO Income Strategy Fund II as an investment option. There is merit to owning as an equity hedge and for a more risk-on-income play. But challenges put some pressure on that thesis. PFN's value has not significantly ch...

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 19:00:34 ET Summary Investors today are desperate for any source of income as the cost of living continues to increase at a very rapid pace. PIMCO Income Strategy Fund II invests in a portfolio of bonds with the goal of providing its shareholders with a very high level ...

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...

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 ...

2023-06-01 06:12:54 ET Summary We provide an April update for the PIMCO CEF taxable suite. PIMCO taxable CEFs deleveraged slightly as total borrowings fell below their February level to a new low. Six-month rolling coverage deflated further while three-month coverage was relat...

2023-05-20 09:00:00 ET Summary For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatil...