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.

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

PIMCO Access Income Fund

Pimco California Municipal Income Fund II

PCM Fund

Pimco California Municipal Income Fund

PIMCO Dynamic Income Fund

PIMCO Dynamic Income Opportunities Fund

PIMCO Income Strategy Fund

PIMCO Income Strategy Fund II

Pimco Global Stockplus & Income Fund

Pimco High 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 Corporate & Income Opportunity Fund

Pimco New York Municipal Income Fund III

Pimco California Municipal Income Fund III

PIMCO Strategic Income Fund Inc

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

Ares Capital

BlackRock Science & Technology

Crescent Capital BDC Inc

Calamos Dynamic Convertible & Income Fund

Calamos Global Total Return Fund

Eaton Vance Enhanced Equity Income Fund II

Eaton Vance Tax Advantaged Global Dividend Opportunities Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

Guggenheim Strategic Opportunities Fund

John Hancock Tax-Advantaged Dividend Income Fund

JPMorgan Equity Premium Income ETF

JPMorgan Nasdaq Equity Premium Income ETF

John Hancock Premium Dividend Fund

Global X NASDAQ 100 Covered Call ETF

Cohen & Steers Quality Income Realty Fund

Royce Value Trust

Global X Russell 2000 Covered Call ETF

Special Opportunities Fund Inc

Credit Suisse X-Links Crude Oil Shares Covered Call ETN

Cohen & Steers Infrastructure Fund Inc

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

Liberty All-Star Growth Fund

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.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

PIMCO CEF Update: What's Ailing PDI?

My Income Portfolio And Return Of Capital.

My Income Portfolio And Return Of Capital

PCN: A Very Good Bond Fund With A Sustainable Yield, But Price Is Way Too High

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.

My Income Portfolio - Keep It Simple, Sweetheart

Owl Rock Capital Corp

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 of mind.

My Income Portfolio: A Stairway To Heaven

PCN has been on a roll lately, registering a gain over 15% since my bullish review in September. This comes as the market rallies and the "risk-on" mode is back. With high yield enjoying underlying support, this rally could continue.

PCN: Love The Momentum, But Don't Love The Premium

Aberdeen Income Credit Strategies Fund

Alpine Global Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

BlackRock Utilities Infrastructure & Power Opportunities Trust

Delaware Investments Dividend and Income Fund

Delaware Enhanced Global Dividend & Income Fund

DoubleLine Income Solutions Fund

Virtus Stone Harbor Emerging Markets Income Fund 

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Advantaged Bond & Opportunity Stategies Fund

First Trust / Aberdeen Emerging Opportunity Fund

Cohen & Steers Closed-End Opportunity Fund

Gabelli Multimedia Trust

Gabelli Utility Trust

Ivy High Income Opportunities Fund

Nuveen Core Equity Alpha Fund

Macquarie Global Infrastructure Total Return Fund Inc

Nuveen California Select Tax-Free Income Portfolio

21 out of 22 CEF sectors were positive on price and 20 out of 22 sectors were positive on NAV last week. MLPs are the most discounted CEF sector.

Weekly Closed-End Fund Roundup: January 8, 2023

Financial markets are set to close a difficult year amid the war in Ukraine, pandemic aftershocks, and inflation-eroding purchasing power. As always, the first rule for every investor is to try to survive and avoid making mistakes that could prove fatal.

My Income Portfolio's Year-End Check-Up

We provide a November update for the PIMCO CEF taxable suite. Taxable PIMCO CEFs continued to deleverage in November, bringing the average leverage level of the suite to its lowest in over a year.

PIMCO CEF Update: Coverage Continues To Fall Plus Recapping Our Strategy

The rising cost of living in the United States and abroad has forced investors to increase their incomes just to maintain their standard of living. PCN can help investors get extra income by investing in a very high-yielding portfolio of corporate bonds.

PCN: Good Bond Fund But Bad Value

NEW YORK, Dec. 05, 2022 (GLOBE NEWSWIRE) -- The Boards of Trustees of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a special year-end distribution for each Fund's common shares as summarized below. The distributions are payable on December 22, 2022 to shareholders of record on December 15, 2022, with an ex-dividend date of December 14, 2022. In addition to the regular monthly dividends, these special year-end distributions are being paid to allow the Funds to meet its 2022 distribution requirements for federal excise tax purposes. The Fund's total distributions will be taxable to shareholders in 2022.

PIMCO Closed-End Funds Declare Special Year-End Distribution

Global X S&P 500 Covered Call ETF

Ten months of this troubling 2022 have passed, and my overall portfolio is beginning to take its final shape. Some positions have long since been completed, while for others, I am taking small acquisition steps each time the market turns downward.

My Income Portfolio - Memo From An 'Olive Farmer'

PCN has joined most of the credit world by seeing a very negative return in 2022. Since my article in September 2021, PCN has performed very poorly. If we look forward, however, the picture seems a bit brighter. The valuation of the fund has come down to Earth and credit spreads have widened, improving the attractiveness relative to equities.

PCN: Much Better Entry Point Than A Year Ago

The PIMCO Corporate & Income Strategy Fund invests in multiple segments of the US and International Fixed Income markets. PCN is one of five CEFs that PIMCO classifies as Corporate despite it investing in other sectors of the market. The CEF is reviewed in-depth here to understand that reasoning.

PCN: A Review Of This PIMCO Multi-Sector Debt CEF

Credit plays have been punished in 2022 so far. This could open up some buying opportunities, especially for those with a more long-term view.

PCN: After Some Thought, I'm Still Not A Buyer

PCN is a closed end fund managed by PIMCO that utilizes a diversified fixed income portfolio to drive income and total return. The fund is one of PIMCO's oldest continuously operating CEFs, outperforming its peer group and the broader fixed income market substantially.

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