PTY News and Press, Pimco Corporate & Income Opportunity Fund From 10/03/20

PTY has proven to be one of the best fixed-income CEFs ever. Complexity creates opportunity and today's fixed-income market is full of it. There are plenty of hazards for retail investors. For further details see: PTY: Safest +9% Yield Cash Machine, Paid Monthly

PTY has performed very well after bottoming out in March, registering a gain well above the broader market. This performance has come at a price, with the fund's premium above 25%, making it the most expensive non-muni CEF from PIMCO. The largest sector by weighting for PTY, which...

Co-produced with Treading Softly I have a Bernese Mountain dog named Samson, we call him Sammy for short. For those of you who are not "dog people" Bernese Mountain dogs are a large breed (bigger than a Labrador Retriever) and bred to work. Mostly they were used in mountainous regions to p...

The Income Factory® has gained a lot more acceptance from the mainstream investment community since I first developed and shared the strategy and ideas behind it here on Seeking Alpha over the past decade. But judging by comments and questions, many readers and followers still find it to ...

A Sense of Freedom I love music. From the time I was a child, I always loved music. Although some of my friends played guitar, I never learned to play an instrument. However, I always listened to my audio cassettes when I was a teenager. Even today, I usually spend time in the company of goo...

Co-produced with Beyond Saving We recently wrote an article " Juicing Your Retirement Yield With CEFs " where we discussed the power of CEFs to provide your portfolio with a high-level of current income. One of the CEFs we highlighted in that article was the PIMCO Dynamic Credit Income ...

Coverage and UNII Update The new report came out with a lot of questions surrounding the low coverage ratios. It led to a significant sell off in some of the funds: PIMCO Income Opp ( PKO ): -2.66% PIMCO Dynamic Income ( PDI ): -1.58% PIMCO Dynamic Credit & Mort ( PCI ): -0.63%...

PIMCO recently released their July distribution coverage figures, creating a lot of consternation in the income investor community. In this article, we discuss some of the surprises of the release, particularly in the taxable space. We continue to maintain an allocation to the High Income Fund...

Co-produced with Beyond Saving At High Dividend Opportunities, our goal is to build a high level of current income through dividends. Dividends provide the flexibility to redirect the income into other profitable investments, or they are used by many as retirement income or spending mone...

Author’s note: this article was released to members of CEF/ETF Income Laboratory on August 3, 2020. Please check latest data before investing. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF]...