PFN News and Press, PIMCO Income Strategy Fund II From 11/13/23

2023-11-13 08:00:00 ET Summary PIMCO taxable CEFs previously had high valuations, but now discounts are appearing across most funds. Leverage changes have been negative, with most funds reducing leverage by 20% to 40%+. My inclination is to favor PHK and PDI here, given the NA...

2023-10-10 14:22:12 ET Summary PIMCO Income Strategy Fund II offers a high yield of 12.90%, but this may indicate a potential distribution cut in the future. The PFN closed-end fund's performance has been lackluster, with a decline of 4.71% since July. Investors also lost money ev...

2023-10-04 10:28:42 ET Summary This is not going to be an apples to apples comparison. But the goal here is to minimize risk and maximize returns relative to that risk, and that is what we are trying to do here. Let us look at PIMCO Strategic Income Fund and see why switching ...

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...

2023-09-15 13:31:19 ET Summary This month, I added to 5 different closed-end funds, but it came from the result of selling off 2 for swaps as well. Swap opportunities come up as we can exploit the discount/premium mechanics in closed-end funds. Overall, I have continued to sti...

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...