PGP News and Press, Pimco Global Stocksplus & Income Fund StocksPlus & Income Fund of Beneficial Interest From 06/19/21

PGP was a notorious CEF from PIMCO, historically trading at a sky-high valuation until it crashed. After its valuation came back down to earth, the fund actually became a relatively good value. Since then, it has performed very well, and its NAV rise has contained its premium. Wit...

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Muni CEFs feature in the top list of widest discount. For further details see: The Quality Closed-End Fund Report: May 2021

The most recent UNII report showed continued deterioration in the coverage ratios and UNII values of the taxable funds. Coverage ratios were weaker on the taxable side in part because of a weaker dollar relative to the pound. Muni CEF coverage remains very strong. I'm concerned ab...

Expensive valuations, low underlying yields and increased issuer calls have generated concerns about CEF distribution cuts. We take a look at ways investors can mitigate the risk of CEF distribution cuts. We also highlight a number of investment options across CEFs and senior secu...

There are three primary things that I see a lot of newer CEF investors get hung up on; return of capital, section 19a and data aggregators distribution classifications. All three of these have to do with the tax character of the distributions and the mistakes that can be made. The...

We discuss the leverage and distribution coverage figures of PIMCO CEFs for February. We also highlight the interest-rate positioning in the taxable suite, which, in large part, is responsible for the performance of the taxable funds in this rising rate environment. We continue to...

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. The top DxY funds are CEV, JPC, and DSL. For further details see: The Quality Closed-End Fund Report, February 2021

We take a look at the PIMCO CEF leverage and coverage numbers for December. Overall, December was a pretty good month for shareholders as coverage increased across the board, NAV gains exceeded distributions while PIMCO took aggregate leverage lower to reflect less attractive valuatio...

The taxable PIMCO CEFs are still trading below 100% coverage thanks to the falling dollar. That could improve in January as the dollar has rebounded some. In this space, we continue to like RCS and PHK. PGP is a good S&P 500 proxy. Muni CEF coverage continues to get healthier....

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...