PFN News and Press, PIMCO Income Strategy Fund II From 03/03/22

Coverage ratios and UNII levels for most of the taxable PIMCO funds look very compelling here. NAVs remain weak and leverage is in the middle of their range for the last several years. If NAVs can stabilize, we think the current valuations are extremely attractive and could be bou...

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promise high distributions and reasonable total returns. Closed-end funds are generally characterized by higher volatility and deeper drawdowns than the broad market...

We review CEF market valuation and performance through the fourth week of January and highlight recent market action. CEF discounts recovered this week after what looked like retail capitulation and despite NAVs moving lower on the week. Investors can sometimes be swayed by the op...

Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given. The top DxY funds are EHI, DSL and BGH. For further details see: The 'High-High-Low' Closed-End Fund Repor...

DSL has still been fully covering its distribution after its cut, as its latest report shows, which is what we anticipated. The coverage was strong enough that they announced a year-end special to meet the required payout. Eventually, a distribution boost could be an option in 202...

Moves in the 10-Year Treasury have been pushing DLY's share price to be more volatile lately. Though the fund's share price has been moving, the NAV has been relatively more stable, opening up a discount in the fund. The fund's latest report shows us that net investment income cov...

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promise high distributions and reasonable total returns. Closed-end funds are generally characterized by higher volatility and deeper drawdowns than the broad market...

Right now is one of the best times to get into what is typically thought of as the best-in-breed of the CEF world. Most of the funds are trading cheap thanks to the cut to three of the funds back in September. Investors are extrapolating those cuts to the rest of the taxables. But...

We have had bearish ratings on all the popular PIMCO closed-end funds. The recent drop was in line with our expectations. We are about halfway through this decline, but we are upgrading a few names. For further details see: PTY, PFL, And PFN: Are We There Yet?

Pimco Income Strategy Fund II (NYSE:PFN) declares $0.0718/share monthly dividend, in line with previous. Forward yield 9.04% Payable Jan. 3; for shareholders of record Dec. 13; ex-div Dec. 10. See PFN Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: Pimco...