PGP News and Press, Pimco Global Stocksplus & Income Fund StocksPlus & Income Fund of Beneficial Interest From 04/26/23

2023-04-26 13:55:48 ET Summary We tend to avoid funds when they trade at significantly outsized premiums. PCM is pushing near all-time high premiums in an area of the market that is susceptible to performing poorly in a bad economy. Due to an excessive premium, the distributio...

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 11:48:38 ET Summary What could go wrong with a fund near an all-time high 105% market price premium combined with a near all-time low NAV? Shareholders of the Gabelli Utility Trust may think they own a safe utility stock fund offering a very attractive 8.4% current mark...

2023-04-04 04:20:17 ET PIMCO Global StocksPLUS and Income Fund ( NYSE: PGP ) declares $0.069/share monthly dividend , in line with previous. Forward yield 11.23% Payable May 1; for shareholders of record April 13; ex-div April 12. See PGP Dividend Scorecard, ...

Summary 0 out of 22 closed-end fund sectors positive on price and 3 out of 22 sectors positive on NAV last week. KIO rights offering results. MLPs are the most discounted CEF sector. Author’s note: This article was released to CEF/ETF Income Laboratory members on ...

Summary GLO was a fund I wasn't excited about throughout most of 2022, instead mentioned that PGP could be a better idea. In 2023, the outlook looks different, with GLO presenting a potential opportunity. While there are certainly headwinds through this year, valuation makes it a be...

Summary 2022 was a year to forget, while most believe 2023 will begin with the same issues that took the equity and bond markets well into bear market territory last year. That is, a hawkish Federal Reserve that doesn't want to let up on strangling inflation into submission while draini...

Summary Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are HFRO, ARDC and HYB. "Quality" Closed-End Fund Report Quantitative screens help to rapidly narrow down attractive candidates from the databas...

Summary GOF is known for its steady distribution that's never been cut. However, this popularity seems to be pushing it to never before seen premiums. With distribution coverage lacking, a high premium generally sets a fund up for a sharp drop at some point. Fo...

Summary Eaton Vance offers what may be the most popular equity-based closed-end funds available to income investors. As a result, the funds have been trading at mostly premium-market price valuations for some time. But all that momentum changed when on Nov. 1, Eaton Vance cut the distri...