PHK News and Press, Pimco High Income Fund From 04/24/20

Written by Nick Ackerman, co-produced by Stanford Chemist We are continuing to navigate a volatile environment. Most are quite aware of the risks of the distribution cuts that will be coming down the pipeline shortly. We have already begun seeing cuts from some of the funds in the CEF wo...

Written by Nick Ackerman, co-produced by Stanford Chemist Throughout the massive COVID-19 selloff, Stanford Chemist and I have received several inquiries relating to the bankruptcy of closed-end funds or funds going "bust." As we aren't out of the woods yet with selloff pressures, now mi...

NEW YORK, April 01, 2020 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution for each Fund’s common shares as summarized below. The distribu...

With Covid-19-induced turmoil shaking bond markets, the underlying assets in bond mutual funds and ETFs become harder to price and that's leading to huge selloffs for mutual funds and ETFs. More news on: Braddock Multi-Strategy Income Fund Class A Shares A, iShares iBoxx $ Investment Grade...

Is now the time to buy? For the last year or so we have attempted to invest conservatively, focusing on U.S. Treasury and Agency securities, as well as very high credit quality securities in corporate bonds and asset-backed securities. We tried to stay on the sidelines of risk as much as ...

Co-produced by Stanford Chemist In a previous piece, we covered why an N-2 filing is important and what this could mean when the 497 was filed. We discussed that the N-2 was when closed-end funds filed a registration for new shares. This ultimately meant that a fund was either conducti...

Based on the price action in mortgage REITs (agency, credit, commercial), and other borrow short/lend long players, there's real question about whether 1) They'll be able to continue to find financing, and/or 2) Whether their borrowers can pay them back. More news on: Annaly Capital Manage...

One of the interesting things about the coronavirus selloff is whether it is driven by retail investor fear or institutional repositioning. On a few Bloomberg podcasts, I've heard a few analysts make this point, and recent fund flows data gives us a complicated picture. On the one hand, retail...

Author's note: This article was initially released to CEF/ETF Income Laboratory members on February 10, 2020. Please check latest data before investing. Chemist's Closed-End Fund Report Quantitative screens help to rapidly narrow down attractive candidates from the database of 500-plus...

(This article was first published to members of Yield Hunting on Feb. 13. Al data herein is from that date.) We have written extensively on PIMCO Dynamic Income ( PDI ) and PIMCO Dynamic Credit and Mortgage ( PCI ) over the last several years. We have recommended and owned both PCI a...