PTY News and Press, Pimco Corporate & Income Opportunity Fund From 04/04/23

2023-04-04 12:41:57 ET Summary We provide a February update for the PIMCO CEF taxable suite. Taxable CEFs continued to deleverage despite NAVs largely holding steady through February, possibly as a result of a low level of net income generated by leveraged assets. Six-month ro...

2023-04-04 11:48:38 ET Summary What could go wrong with a fund near an all-time high 105% market price premium combined with a near all-time low NAV? Shareholders of the Gabelli Utility Trust may think they own a safe utility stock fund offering a very attractive 8.4% current mark...

2023-04-03 11:59:27 ET Summary The world seeks complexity, but simplicity often trumps complexity. For my investment goals, I have made the choice to focus mainly on CEFs and ETFs, carefully weighing their merits and drawbacks. Those of us who invest in these income vehicles a...

2023-03-28 13:21:51 ET Summary The Fed is very worried indeed: systemic financial risk is growing. Fed credibility will support financial markets for a while. It is a crucial asset now to engineer a soft landing. There is a window of opportunity this year to cure the macroecon...

2023-03-18 09:00:00 ET Summary Jane's retirement accounts generated a total of $1,846.54 of dividend income for February 2023 vs. $1,331.63 of dividend income for February 2022. Jane's Traditional IRA had a balance of $427.1K as of February 28, 2023, vs. $430.5K on February 28, 20...

2023-03-13 16:13:39 ET Summary Unbeknownst to many investors, PIMCO’s big-yield funds, PDI and PTY, have sometimes included a significant return of capital in their beloved big distributions (made opaque through derivative swaps transactions). We reached out to PIMCO for co...

2023-03-09 10:52:28 ET Summary PTY's 10.5% monthly paid distribution rate looks at risk with a fiscal year-to-date distribution coverage ratio of 68%. The CEF's highly diversified portfolio of fixed-income securities is set to come under continued pressure on the back of risi...

2023-03-07 08:00:00 ET Summary We last covered SJNK and SHYG in an era of return free risk. Things have changed as the Federal Reserve went from complete complacency to utter panic on inflation. The two funds offer an 8% yield today. We look at their characteristics and pr...

Summary As in Led Zeppelin’s famous song, for me, investments in high-dividend securities represent a kind of stairway to heaven. Indeed, their steady flow of money relieves psychological pressure during times of market uncertainty and helps me experience them with greater peace ...

Summary We provide a January update for the PIMCO CEF taxable suite. Taxable and Muni funds continued to deleverage in January despite rising NAVs - in effect PIMCO is deleveraging over and above what is already done by NAVs. This dynamic is likely due to the poor economics of holdi...