PHK News and Press, Pimco High Income Fund From 03/18/24

2024-03-18 10:45:34 ET Summary I first recommended the PIMCO Dynamic Income Strategy fund (PDX) January 2022 at $13.20. Back then, the fund was known as the PIMCO Energy & Tactical Credit Opportunities fund (NRGX), and after a rough start during COVID-19, PDX has been the No. ...

NEW YORK, March 01, 2024 (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 distribu...

2024-02-06 03:29:18 ET Summary PIMCO High Income Fund offers high yields but has a history of shrinking distributions year after year. Even reinvesting dividends doesn't seem to catch up with distribution cuts (after 2016) even if you ignore inflation. It's hard to rely on thi...

2024-01-17 07:00:00 ET Summary Not much has changed fundamentally in taxable PIMCOs, but there has been a shift in valuations and sentiment. The drop in the dollar has put downward pressure on funds with exposure to foreign bonds and currency forwards contracts. Leverage is a ...

2023-12-13 07:00:00 ET Summary PIMCO Dynamic Income Strategy replaces NRGX energy fund, offering more flexibility in investment strategy. PDI distribution remains high compared to other funds, supported by at-the-market offerings and a dividend reinvestment plan. Leverage has ...

2023-11-24 10:00:00 ET Summary If you're a big-yield contrarian investor, the 9.2% yield Duff & Phelps Utility and Infrastructure Fund stands out like a sore thumb, as compared to 25 other top big yielders. Specifically, the fund has gotten slammed by its out-of-favor utilitie...

2023-11-22 21:37:01 ET Summary We provide an update for the PIMCO CEF suite. PIMCO took advantage of the recent back-up in yields and yield curve disinversion to add assets across the taxable suite. Muni CEF coverage continues to decrease, while taxable CEF coverage slightly i...

2023-11-19 02:34:45 ET Summary This article evaluates the PIMCO High Income Fund as an investment option, which is timely given the market's renewed interest in bonds and debt securities. While I am a "bond bull" right now, I see limited value in PHK as it still has a premium pric...

2023-11-13 08:00:00 ET Summary PIMCO taxable CEFs previously had high valuations, but now discounts are appearing across most funds. Leverage changes have been negative, with most funds reducing leverage by 20% to 40%+. My inclination is to favor PHK and PDI here, given the NA...

2023-10-17 07:28:41 ET Summary The PIMCO High Income Fund offers a relative value opportunity versus the more recently launched CEFs PDO and PAXS. PHK has a lower management fee, longer track record, and higher-quality allocation profile, which should keep its valuation well above...