PGP News and Press, Pimco Global Stocksplus & Income Fund StocksPlus & Income Fund of Beneficial Interest From 02/01/21

PGP has delivered a very strong return since late November, which would normally make me cautious. Yet, I see a path for more gains. The fund's premium is still quite reasonable and sits under 5%. This is lower than many alternative funds from PIMCO. PGP's effective duration is al...

Coverage ratios were fairly flat month-over-month but UNII values fell a bit. I'm not concerned about the distribution being cut on the taxable funds. NAV performance has been stellar across the entirety of the funds but primarily in the higher-risk funds like PHK and RCS. Those t...

The higher-risk funds from PIMCO - PGP, PHK, and RCS - have been untouchable for some time due to their high premiums. What exactly is PGP anyway?  It's a unique strategy that has been around a long time from PIMCO but seldom highlighted. We like the shares as an equity-incom...

PGP is a fund I have long told investors to stay away from, and it has performed terribly since I started covering it. Part of this negative track record stems from the fact that PGP traded at enormous premiums to NAV. Today, PGP's premium is the lowest among non-muni PIMCO CEFs. ...

We review October leverage figures for the PIMCO taxable suite. We find that fund borrowings decreased slightly, possibly due to already high leverage levels and tightening underlying asset valuations. We also look at the recent outperformance of funds with greater yield curve ste...

Only funds with yield over 7.5%, coverage higher than 90% and trading at a discount are considered. Top lists from various ranking screens are given. The top DxYxZ funds are PGZ, AOD and AGD. For further details see: The Chemist's 'High-High-Low' Closed-End Fund Report: ...

Coverage rebounded in September as the dollar rallied off the interim lows. We take a hard look at what the dollar is doing so far in October to forecast ratios. The PIMCO muni funds look fundamentally the healthiest they have been for many years now. The average coverage ratio is 106...

PIMCO taxable CEFs continued to add borrowings at a fast pace in September. The average fund leverage is approaching 40% - the highest level for the year. More attractive asset valuations, an early-cycle market environment and low leverage costs are likely driving PIMCO to boost l...

PIMCO Global StocksPLUS & Income Fund (PGP) declares $0.069/share monthly dividend, in line with previous.Forward yield 9.95%Payable Nov. 2; for shareholders of record Oct. 13; ex-div Oct. 9.See PGP Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: PIM...

The CEF market is not always particularly efficient, which offers discerning investors opportunities to make attractive strategic or tactical acquisitions. One such opportunity described here is to acquire what we call shadow high-yielders - funds that have high earnings levels but ma...