PGP News and Press, Pimco Global Stocksplus & Income Fund StocksPlus & Income Fund of Beneficial Interest From 12/20/21

As a kid, my Dad used to drive Oldsmobiles as his car of choice. Once, we were surprised to look under the hood and see a Chevrolet engine! That's when I realized manufacturers often interchanged identical parts, even though they marketed (and priced) the products quite differently. ...

PGP's managers have done a terrific job earning an annualized 15% per annum on this PIMCO fund's net assets over the past 10 years. But that's little consolation to investors who've lost their shirts because they bought it four or five years ago at nosebleed-level premiums o...

Hybrid CEFs have generated very strong returns over the past year due to a strong rally in both equities and fixed-income - the two asset class holdings of this sector. PGP has generated one of the highest returns in the sector in NAV terms, while seeing its premium trade at its lower...

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...

PGP is at a much better valuation than where it had been a couple of years ago. The distribution rate is attractive and, better yet, seems sustainable with a NAV distribution yield of 7.72%. From now on, PGP could deliver much better results than what shareholders would have recei...

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...

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

PDI and PCI continue to have weak fundamentals. PDO continues to be the best buy in the space. PMX falls back to the buy-range. Since this article, PDO's valuation has skyrocketed above what we deem fair value.  Subsequently, coverage ratios for PCI and PDI have fallen dr...

We take a look at PIMCO CEF leverage and coverage numbers from April. Taxable funds saw strong growth in leverage, though it's not clear exactly why as underlying credit valuations remain historically expensive. We continue to like PDO due to its more attractive valuation with the...

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...