PHK News and Press, Pimco High Income Fund From 04/12/19

A modified version of this article was first released to CEF/ETF Income Laboratory subscribers on April 1, 2019. Sweeping cuts were announced after the close on April 1, 2019, to some PIMCO and AllianzGI funds. These changes are summarized in the table below. All of the funds pay monthly a...

This article was first released to subscribers 1 month ago. Quantitative screens help to rapidly narrow down attractive candidates from the database of 500-plus closed-end funds [CEFs] for further due diligence and investigation. Previous editions of the Report can be searched using the ke...

Main Thesis The purpose of this article is to evaluate the PIMCO High Income Fund ( PHK ) as an investment option at its current market price. While I have knocked PHK for some time, over the past trading year, it has defied my expectations. The fund had been trending higher while delivering...

April distributions announcements came out this week and the big headline has to do with PIMCO's widespread and in some cases significant chops to payouts. Allianz, the parent company of PIMCO, also cut the distribution on their two flagship convertible income funds. For April, we saw a ...

Let me throw out a simple calculation that would have saved investors a lot of money over the years. Yes, PIMCO cut the distributions on several of their most popular and overpriced CEFs yesterday, and the funds were down -11% plus yesterday as a result, but I'm not talking about just one da...

Quantitative screens help to rapidly narrow down attractive candidates from the database of 500-plus closed-end funds [CEFs] for further due diligence and investigation. Previous editions of the report can be searched using the keyword "cefrep". A database of CEFs was obtained from CEFConne...

This article was first released to subscribers 2 weeks ago. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week, as well as to highlight recently concluded or upcoming corporate...

This article was first released to subscribers 1 month ago. Quantitative screens help to rapidly narrow down attractive candidates from the database of 500-plus closed-end funds [CEFs] for further due diligence and investigation. Previous editions of the Report can be searched using the ke...

For the inaugural issue of The Chemist's CEF Report (September 2016), describing the background and rationale of the Report, please click here . This edition uses data taken from the close of August 1, 2018. Previous editions of the Report can be searched using the keyword "cefrep." Meth...

Main Thesis The purpose of this article is to articulate why I believe the Pimco High Income Fund (NYSE: PHK ) is not an attractive investment option at its current market price. PHK's premium continues to rise and it is now the most expensive Pimco CEF based on this metric, which is not a g...