PIMCO Corporate & Income Strategy Fund

PIMCO Corporate & Income Strategy Fund is a non-diversified and closed-end management investment company. Its objective is to seek high current income, as well as capital preservation and appreciation. The company was founded on October 17, 2001 and is headquartered in New York, NY.

PIMCO Access Income Fund

PIMCO Dynamic Income Fund

PIMCO Income Strategy Fund

PIMCO Income Strategy Fund II

Pimco High Income Fund

PIMCO Corporate & Income Opportunity Fund

Funds rely on at-the-market offerings and capital gains to make up for earnings shortfalls and maintain distributions. Coverage levels for taxable funds declined in January due to the falling value of the dollar. Net investment income production has been declining for several years, leading to potential distribution cuts and overvalued NAVs.

PIMCO Update Feb 2024 | PDX Makes The Move, Valuations Remain Rich

The PIMCO Corporate & Income Strategy Fund offers a competitive 9.88% distribution yield, higher than many of its peers. The PCN closed-end fund has underperformed the Bloomberg U.S. Aggregate Bond Index in terms of price performance over the past six months. The fund's high premium to net asset value and potential weakness in the bond market suggest a "hold" rating.

PCN: Good Bond CEF With Fully-Covered Distribution, But Huge Premium Is Problematic

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Cohen & Steers Infrastructure Fund Inc

Surrounded by the smoothness of the Tuscan landscape, I have always thought that the pursuit of harmony in human activities is the first step toward happiness. I also chase a balance in investments, seeking to create a portfolio whose securities provide a steady cash flow over time and grow the nominal capital invested.

My 9% Income Portfolio - Harmony In Investment

PCM Fund

PIMCO Dynamic Income Opportunities Fund

PIMCO Dynamic Income Strategy Fund

Coverage for PIMCO CEFs has improved for muni funds but fell slightly for taxable funds.

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Pimco California Municipal Income Fund II

Pimco California Municipal Income Fund

Pimco Global Stockplus & Income Fund

Pimco Municipal Income Fund

Pimco Municipal Income Fund II

Pimco Municipal Income Fund III

Pimco New York Municipal Income Fund

Pimco New York Municipal Income Fund II

Pimco New York Municipal Income Fund III

Pimco California Municipal Income Fund III

PIMCO Strategic Income Fund Inc

NEW YORK, March 01, 2024 (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 distributions are payable on April 1, 2024 to shareholders of record on March 11, 2024, with an ex-dividend date of March 8, 2024.

Pimco Closed-End Funds Declare Monthly Common Share Distributions

Adams Diversified Equity Fund

Oxford Lane Capital

For those who invest for dividends, the goal is to look for securities that can guarantee sustainable dividends and distributions over time. Choices about how to deploy the income generated by those instruments are personal and depend on each investor's needs, financial means, and age.

My 9% Income Portfolio-In Search For Happiness

Liberty All-Star Growth Fund

Aberdeen Standard Global Infr Inc Fd

Blackstone Strategic Credit Fund

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Dreyfus Municipal Income

Eagle Point Credit

Eagle Point Credit Company Inc - 6.6875% NT REDEEM 30/04/2028 USD 25

Clough Global Dividend and Income Fund

MainStay CBRE Global Infrastructure Megatrends Fund

Nuveen Build America Bond Fund

Nuveen Municipal High Income Opportunity Fund

Brookfield Real Assets Income Fund

Liberty All Star Equity Fund

Western Asset Premier Bond Fund

Macro markets saw positive movement, with the S&P 500 up 1.81% and bonds performing well. The PPI report offset slightly hot CPI, leaving uncertainty about how the Fed will respond to rising inflation figures. PIMCO Corp & Inc Strat (PCN), a fund I've been high on for some time, has gone parabolic. There was a recommendation from a Seeking Alpha author that likely drove.

CEF Weekly Commentary | Swap Some MAIN Bonds?

Not much has changed fundamentally in taxable PIMCOs, but there has been a shift in valuations and sentiment. The drop in the dollar has put downward pressure on funds with exposure to foreign bonds and currency forwards contracts. Leverage is a key consideration for assessing NAV trends, and some funds have reduced leverage significantly in the past month.

PIMCO Update (Quick) | January 2024 | Watch The NAV Momentum Turn

Total Return is the actual rate of return for an investment over a given evaluation period, typically one, three, five, or ten years. The Total NAV Return is the sum of all dividends/distributions, assuming they are reinvested, plus the change in the NAV of the fund, be it positive or negative. However, managing our portfolio is not only about applying financial rules, because it is not certain that dividends can and will always be reinvested.

My 9% Income Portfolio-Living Off Dividends

The article evaluates the PIMCO Corporate & Income Strategy Fund as an investment option. The fund's premium to NAV, poor income metrics, and the market's narrowing of high-yield corporate spreads all suggest caution is warranted going forward. There is some good news, such as modest growth in corporate bond issuance globally and the potential for yield "pick up" in non-US holdings.

PCN: Still Not A Buy As We Look To 2024

NEW YORK, Nov. 01, 2023 (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 distributions are payable on December 1, 2023 to shareholders of record on November 13, 2023, with an ex-dividend date of November 10, 2023.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

The PIMCO Corporate & Income Strategy Fund has experienced a significant drawdown, opening up a potential value gap. The fund's portfolio is diversified across various corporate sectors, presenting investors with exposure to credit risk premiums, which look set to revert to mean. The fund's high dividend yield and moderate premium to NAV add to our bullish outlook.

PCN CEF: Possible Gains In Store For The Brave

We provide an August update for the PIMCO CEF taxable suite. Coverage remained steady at nearly 70% on average for taxable funds. Borrowings ticked higher but remain in a six-month range.

PIMCO CEF Update: Key Tidbits From The Shareholder Report

The PIMCO Corporate & Income Strategy Fund offers a high level of income with a 9.83% yield. The fund has performed well in the market, but there are concerns about the market's optimism on bonds and interest rates. The fund's shares appear to be overvalued, which presents risks in the event of the bond market realizing that interest rates will not come down.

PCN: Great Bond Fund, But Enormous Premium Presents Risks

NEW YORK, Sept. 01, 2023 (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 distributions are payable on October 2, 2023 to shareholders of record on September 11, 2023, with an ex-dividend date of September 8, 2023.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

Reaves Utility Income Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

Perfection is defined as being complete and correct in every way, and can be pursued in various fields, including art and investing. For years now, I have been employing all my strength in investing in CEFs and ETFs, plus some “flirtations” with ETNs and BDCs. My portfolio is certainly not perfect, but acceptably fulfills the task for which it was designed: namely, to provide me with a steady stream of dividends over time.

My 9% Income Portfolio - Nobody Is Perfect

CEFs trade on the public markets, just like stocks, so you can buy and sell them anytime during regular trading hours.

3 Clicks For $4,000 In Monthly Dividends

NEW YORK, Aug. 14, 2023 (GLOBE NEWSWIRE) -- PIMCO Corporate & Income Opportunity Fund (NYSE: PTY), PIMCO Corporate & Income Strategy Fund (NYSE: PCN), PIMCO High Income Fund (NYSE: PHK), PIMCO Income Strategy Fund (NYSE: PFL), PIMCO Income Strategy Fund II (NYSE: PFN), PIMCO California Municipal Income Fund (NYSE: PCQ), PIMCO California Municipal Income Fund II (NYSE: PCK), PIMCO California Municipal Income Fund III (NYSE: PZC), PIMCO Municipal Income Fund (NYSE: PMF), PIMCO Municipal Income Fund II (NYSE: PML), PIMCO Municipal Income Fund III (NYSE: PMX), PIMCO New York Municipal Income Fund (NYSE: PNF), PIMCO New York Municipal Income Fund II (NYSE: PNI) and PIMCO New York Municipal Income Fund III (NYSE: PYN) (each, a “Fund” and, together, the “Funds”) today announced that each Fund has commenced a voluntary tender offer (each, a “Tender Offer” and, together, the “Tender Offers”) for up to 100% of its outstanding auction rate preferred shares (“ARPS”) at a price equal to 96%, with respect to PTY, 93.25%, with respect to PCN and PHK, 94.25%, with respect to PFL and PFN, and 94.5% with respect to PCQ, PCK, PZC, PMF, PML, PMX, PNF, PNI and PYN, of the ARPS' per share liquidation preference of $25,000 per share (or $24,000 per share for PTY, $23,312.50 per share for PCN and PHK, $23,562.50 per share of PFL and PFN, and $23,625 per share for PCQ, PCK, PZC, PMF, PML, PMX, PNF, PNI, and PYN) and any unpaid dividends accrued through the expiration date of the Tender Offer. Each Fund's Tender Offer will expire at 5:00 P.M., New York City Time, on September 18, 2023, unless the Tender Offer is extended.

Certain PIMCO Closed-End Funds Announce Tender Offers for Auction Rate Preferred Shares

PIMCO Multi Sector Bond Active ETF

We provide a June update for the PIMCO CEF taxable suite. The SEC fined PIMCO $6.5m for inadequate disclosure of its paired swap strategy. Coverage turned back down for taxable funds to close out the fiscal year.

PIMCO CEF Update: SEC Goes After PIMCO For Paired Swaps

FS Credit Opportunities Corp

6 out of 22 CEF sectors positive on price and 3 out of 22 sectors positive on NAV last week. PDT reduces distribution by 15%, FSCO boosts distribution by 15%. Some CEFs getting bubbly.

Weekly Closed-End Fund Roundup: PDT Cuts, FSCO Boosts, Some CEFs Getting Bubbly (July 9, 2023)

Investors today are desperate for any source of income in order to maintain their lifestyles in an inflationary environment. PIMCO Corporate & Income Strategy Fund invests in a portfolio of bonds to provide its investors with a very high level of income. The bond market appears to be pricing in near-term rate hikes that are unlikely to actually occur.

PCN: A Very Good CEF For Income, But The Market Is Overvaluing It

NEW YORK, July 03, 2023 (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 distributions are payable on August 1, 2023 to shareholders of record on July 13, 2023, with an ex-dividend date of July 12, 2023.

News for PIMCO Corporate & Income Strategy Fund ETF (PCN)