PTY News and Press, Pimco Corporate & Income Opportunity Fund From 09/21/21

PTY is a very popular fund, both on Seeking Alpha and amongst PIMCO investors. The fund gets a lot of coverage, and its massive premium to NAV indicates many die-hard followers. With this hype, PTY seems to be the king of the jungle, sitting at top the pack in terms of premium for the...

Major indices hit record highs again this week with mid-caps joining large-cap at all-time highs. August was the seventh consecutive month of gains for the S&P. Discounts widened for the third straight week with taxables going from 2.21% on August 15 to +0.68% on September 5. Whil...

Three PIMCO closed-end funds recently cut their dividends, causing some analysts to state that the resulting selloff is a buying opportunity. The cuts by themselves don't necessarily imply further downside for the funds, but potentially increasing interest rates and high-yield spreads...

The crowd often stampedes in the wrong direction. Investing into panic leads to outsized returns. I am buying the big dip, the opportunity will not last long! I will also present a deep dive into PTY, looking at what it does, and why. For further details see: PTY: I ...

We review CEF market valuation and performance over the first short week of September and highlight recent market events. Discounts continue to move sideways even as NAVs keep edging higher. Distribution cuts in the PIMCO suite have highlighted the gap between fund distribution ra...

PTY's discount has dropped from 48% to 25% in a matter of weeks. Although the fund's premium remains excessively elevated, it seems to be nearing buy levels. In this article, I'll quantify the exact premium at which the fund is a buy, considering its distribution yield and returns...

PIMCO trimmed distributions on their 3 taxable funds: PTY, PFL and PFN echoing a different trio cut in 2020. We put the cuts in the context of our distribution vulnerability framework and what investors should focus on going forward. We also highlight the most recent shareholder r...

After 27 weeks and $2,700, the Dividend Harvesting Portfolio is generating $184.67 in estimated annual income and $15.39 in monthly estimated income. In week 27 I added to Goldman Sachs BDC (GSBD), British American Tobacco (BTI), PIMCO Corporate & Income Opportunity Fund (PTY), an...

NFJ is invested in various equities and convertible securities, while it uses a covered call option strategy for downside protection. It has been trading higher compared to its pre-pandemic levels so far in 2021. The fund offers a quarterly distribution of $0.2250 per share, which...

PIMCO Funds have a history of exceptional performance. Three funds just announced distribution cuts. We examine this event in light of our thesis to avoid these like the bubonic plague. For further details see: PTY, PFL And PFN: It Is Only A Flesh Wound, So Far