PTY News and Press, Pimco Corporate & Income Opportunity Fund From 02/02/23

RICHMOND, Va., Feb. 02, 2023 (GLOBE NEWSWIRE) -- The Brink’s Company (NYSE:BCO), the global leader in total cash management, route-based secure logistics and payment solutions, will host a conference call on Wednesday, February 22, at 8:30 a.m. (ET) to review fourth-quarter and full year 2...

Summary Constantly swaying between narrative and reality, financial markets are supported and fueled by emotions, feelings, dreams, aspirations, and fears. When the narrative is shared, financial markets take a definite direction, drawing scenarios of growth or recession, as in the curr...

Summary PIMCO's Corporate & Income Opportunity Fund is hot. We share comparative data on over 100 big-yield CEFs, including performance, yield, strategy, discount versus premium, z-scores and more. We review four big-yield CEFs from the list (two that may be overheating and two ...

RICHMOND, Va., Jan. 20, 2023 (GLOBE NEWSWIRE) -- The board of directors of The Brink’s Company (NYSE:BCO) today declared a regular quarterly dividend of 20 cents per share on the company’s common stock. The dividend is payable on March 1, 2023, to shareholders of record on February ...

Summary PIMCO finally did it. They chopped the muni CEF distribution by up to 45%. PCQ was the biggest risk as it was trading at a ridiculous 45% premium to NAV going into the cut. Post-cut, valuations are being re-rated significantly. All the funds may eventually trade at a discoun...

Summary The Dividend Harvesting Portfolio is now generating $758.88 in annual dividends, yielding 7.6%. The Dividend Harvesting portfolio has a 73.47% record of finishing the week in the black since its inception, 72/98 weeks. In week 98, I added to JEPI, PDI, PTY, and AQN. ...

Summary Credit Suisse Asset Management Income Fund is a U.S. HY closed end fund. The CEF has a 10% true dividend yield, with no ROC currently utilized. The fund runs substantial credit risk, with the 'B' and 'CCC' buckets having very large allocations. The vehicle has a -5% disc...

Summary Since its inception in March 2003, PTY has generated $37.94 of income through its dividends, which is significantly larger than the -12.33% share price decline since the IPO. PTY has recognized a sharp decline in share price, which has pushed its yield past 10% and is making thi...

Summary Closed-end funds are great income investments thanks to tax laws and tradition. Being required to pay out most of their taxable gains explains a lot about how CEFs act. CEFs can be great income investments. Co-produced with Beyond Saving. Introduction W...

Summary 3 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. PIMCO muni CEFs cut. PCQ's fall another reminder of why CEF premium/discount valuation matters. Author’s note: This article was released to CEF/ETF Income Laborato...