PHK News and Press, Pimco High Income Fund From 08/03/20

Author’s note: This article was released to members of CEF/ETF Income Laboratory on July 27, 2020. Please check latest data before investing. Chemist's "Quality" Closed-End Fund Report Quantitative screens help to rapidly narrow down attractive candidates from the database of 50...

NEW YORK, Aug. 03, 2020 (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 dis...

Author's note: This article was released to members of CEF/ETF Income Laboratory on July 21. Please check latest data before investing. Dear CEF/ETF Income Laboratory members, I would like to welcome the new members who have joined us recently. Newer members should check out the " Gett...

The broader market continues to defy gravity in the face of a spike in COVID-19 cases in many states. This has caused many states to halt or slow down their plans to reopen the economy fully. But in spite of the spike, there are positive signs, and we are learning to deal with the virus more...

With the release of June PIMCO coverage figures we take a look at recent trends. Over the month municipal CEFs have increased 6-month rolling distribution coverage by 3%, rising to 95% on average. Sharp falls in leverage costs to rockbottom levels have supported municipal fund earnings. Taxabl...

If there was any doubt about the intention and ability of PIMCO CEF to generate strong earnings going forward, it was partly put to rest with the strong level of borrowing activity in June. Taxable CEFs added $332m in leverage outstanding - by far the biggest monthly figure this year. Although...

Co-produced with Beyond Saving The unknown creates both risk and opportunity for investors. It's the unpleasant surprises that can lead to losses, while at the same time, the fear of the unknown frequently causes investments to be priced lower than the actual risk calls for. We've all ...

(This report was issued to members of Yield Hunting on June 18.) The monthly update on PIMCO CEFs came out this week without much changes to the figures. Overall, we think the report was relatively benign and continues to signal the same result: Nothing to be afraid of here. However...

Written by Nick Ackerman, co-produced by Stanford Chemist In the closed-end fund world, there are plenty of fund sponsors offering funds worthy of investing. Investors looking at getting started with CEFs may be interested in knowing where to get started. One of the first steps that can ...

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. This is a fund I have avoided for years, despite regularly buying and recommending other PIMCO CEFs. As we move into the second half of 2020, I conti...