PFN News and Press, PIMCO Income Strategy Fund II From 11/16/21

I have favored the PIMCO CEFs for obtaining exposure to fixed income securities as PIMCO has a world-class active management skill. PDO is by far the cheapest means to obtain exposure to the expertise of PIMCO's asset managers. Although none of these funds are safe from future div...

PTY is a closed end fund managed by PIMCO that utilizes a diversified portfolio to drive current income and total return. The fund is one of PIMCO’s flagship CEFs, outperforming its peers and even the S&P 500. A recent distribution cut combined with an extreme premium t...

2 out of 23 CEF sectors positive on price and 2 out of 23 sectors positive on NAV last week. MLPs lead while convertibles lag. Asia equity is the highest-yielding CEF sector. For further details see: Weekly Closed-End Fund Roundup: October 3, 2021

Three out of 23 CEF sectors positive on price and six out of 23 sectors positive on NAV last week. GOF/GGM/GPM merger has been approved. RIV announces a new rights offering. For further details see: Weekly Closed-End Fund Roundup: Sept. 26, 2021

August was quite the busy month for my closed-end fund portfolio, though 4 of the additions came about as swaps for better valued funds. DLY was a recent fund I covered, and is one that I swapped out from PKO, but I also added additional capital. I sold out two funds in August but...

Major indices hit record highs again this week with mid-caps joining large-cap at all-time highs. August was the seventh consecutive month of gains for the S&P. Discounts widened for the third straight week with taxables going from 2.21% on August 15 to +0.68% on September 5. Whil...

Three PIMCO closed-end funds recently cut their dividends, causing some analysts to state that the resulting selloff is a buying opportunity. The cuts by themselves don't necessarily imply further downside for the funds, but potentially increasing interest rates and high-yield spreads...

PIMCO trimmed distributions on their 3 taxable funds: PTY, PFL and PFN echoing a different trio cut in 2020. We put the cuts in the context of our distribution vulnerability framework and what investors should focus on going forward. We also highlight the most recent shareholder r...

PIMCO Funds have a history of exceptional performance. Three funds just announced distribution cuts. We examine this event in light of our thesis to avoid these like the bubonic plague. For further details see: PTY, PFL And PFN: It Is Only A Flesh Wound, So Far

NEW YORK, Sept. 01, 2021 (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 di...