PIMCO Dynamic Income Strategy Fund

PIMCO Access Income Fund

PCM Fund

PIMCO Corporate & Income Strategy Fund

PIMCO Dynamic Income Fund

PIMCO Dynamic Income Opportunities Fund

PIMCO Income Strategy Fund

PIMCO Income Strategy Fund II

PIMCO Corporate & Income Opportunity Fund

We take a look at coverage, leverage, and performance metrics of the PIMCO CEF suite. Taxable and Muni PIMCO CEF coverage diverge further in March, with average taxable coverage at new lows over the last 12 months. Leverage levels across the PIMCO taxable suite remain subdued, reflecting the lack of compelling opportunities in the credit market.

PIMCO CEF Update: Income Volatility And Yield Curve Risk

Pimco California Municipal Income Fund II

Pimco California Municipal Income Fund

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 New York Municipal Income Fund III

Pimco California Municipal Income Fund III

PIMCO Strategic Income Fund Inc

NEW YORK, May 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 June 3, 2024 to shareholders of record on May 13, 2024, with an ex-dividend date of May 10, 2024.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

We take a look at a number of coverage, leverage, and performance metrics of the PIMCO CEF suite.

PIMCO CEF Update: PDX Allocation Starts To Move

Aberdeen Standard Global Infr Inc Fd

BlackRock Utilities Infrastructure & Power Opportunities Trust

John Hancock Tax-Advantaged Dividend Income Fund

Nuveen AMT-Free Municipal Value Fund

Western Asset Investment Grade Income Fund

John Hancock Premium Dividend Fund

4 Closed-End Fund Buys In The Month Of March 2024

PIMCO offers a suite of closed-end funds for investors to receive attractive monthly distributions. PIMCO Dynamic Income Opportunities Fund has seen a meaningful improvement in its distribution coverage and remains trading at a slight premium. PIMCO Dynamic Income Strategy Fund (PDX) is transitioning to a multi-sector bond fund and offers an opportunity to pick up shares at a deep discount.

PDO And PDX: Delivering Monthly Income To Investors

BlackRock Science and Technology Trust II

First Trust MLP & Energy Income Fund

First Trust Energy Income and Growth Fund

First Trust Energy Infrastructure Fund

First Trust New Opportunities Mlp & Energy Fund

Western Asset High Income Fund

5 out of 22 closed-end fund sectors positive on price and 1 out of 22 sectors positive on NAV. Saba targets BSTZ, while PDX moves to a monthly distribution. First Trust MLP CEF mergers are approved by shareholders.

Weekly CEF Roundup: First Trust MLP CEF Mergers Approved, Saba Buys BSTZ, PDX Goes Monthly

SAN DIEGO--(BUSINESS WIRE)--Crown Bioscience, a global contract research organization (CRO) and a JSR Life Sciences company, will showcase significant contributions in preclinical and translational oncology research at the American Association for Cancer Research (AACR) 2024 meeting. Highlighting its latest research, the company will present ten posters covering a broad spectrum of data from the company's R&D program. The data presented will cover a range of innovative techniques in oncolog.

Crown Bioscience Announces New Preclinical and Translational Oncology Data Across Ten Poster Presentations at AACR 2024

Apple

Broadcom

ArrowMark Financial

Enterprise Products Partners

Energy Transfer LP Unit

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Eaton Vance Tax-Managed Diversified Equity Income Fund

Morgan Stanley India Investment Fund Inc

Barings Participation Investors

Microsoft

ONEOK

Oxford Lane Capital

LMP Capital and Income Fund

Liberty All Star Equity Fund

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For 8.5% Yield (March 2024)

I first recommended the PIMCO Dynamic Income Strategy fund (PDX) January 2022 at $13.20. Back then, the fund was known as the PIMCO Energy & Tactical Credit Opportunities fund (NRGX), and after a rough start during COVID-19, PDX has been the No. 1 CEF performer. And when I say CEFs, I'm talking about equity and bond CEFs. And yet, PDX still trades at a wide -13.3% discount, the lowest valuation of all the PIMCO funds.

PIMCO Dynamic Income Strategy Fund (PDX): New And Improved, Still Among Best-Performing CEFs

Virtus AllianzGI Convertible & Income 2024 Target Term Fund

Nuveen Quality Municipal Income Fund

We review CEF market valuation and performance through the second week of March and highlight recent market action. All sectors of the closed-end fund market saw a rise in NAVs, but discounts were mixed.

CEF Weekly Review: Discount Tightening Is Hard (Ask Nuveen)

Calamos Global Total Return Fund

China Fund

Virtus Stone Harbor Emerging Markets Income Fund 

ClearBridge Energy MLP Opportunity Fund Inc

Korea Fund

KKR Income Opportunities Fund

RiverNorth Flexible Mncpl Inm Fnd II Inc

Franklin Templeton Dragon Fund

Franklin Templeton Emerging Markets Income Fund

For the third month in four, equity CEFs (+1.81%) witnessed gains while their fixed income CEF (+0.52%) counterparts for the fourth month in a row posted plus-side returns.

The Month In Closed-End Funds: February 2024

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

PIMCO CEF Update: Performance Reversal And New Swap Shenanigans

PIMCO Energy and Tactical Credit Opportunities Fund

NEW YORK, March 01, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees (the “Board”) of PIMCO Dynamic Income Strategy Fund (the “Fund”) (NYSE: PDX)1 has declared the next two distributions for the Fund's common shares, as summarized below. In addition, the Board has approved a change in the Fund's distribution frequency, from quarterly to monthly, starting with the April Distribution (as defined below).

Pimco Dynamic Income Strategy Fund Declares Common Share Distributions

Nuveen Preferred & Income Term Fund

We review CEF market valuation and performance through the first week of February and highlight recent market action. All but one sector rallied this week despite Powell taking away the March cut punchbowl. Invesco hiked the dividends of its Muni CEFs by 10-23%, following the lead of Nuveen and BlackRock.

CEF Weekly Review: Invesco Succumbs To Peer Pressure

Pimco Dynamic Income Strategy Fund has surprised investors with its revised portfolio, which still heavily focuses on energy equities.

PDX: Not The Credit Fund We Had Wished For (Rating Downgrade)

Ares Dynamic Credit Allocation Fund

Carlyle Credit Income Fund

DoubleLine Income Solutions Fund

Stone Harbor Emerging Markets Total Income Fund

Flaherty & Crumrine Preferred Income OpportunityFund Inc

We review CEF market valuation and performance through the second week of January and highlight recent market action. Most CEF sectors were up on the week, with CMBS delivering the best return. Discounts are tightening across all but one sector. CEF sector designation is not a precise endeavor, creating potential pitfalls for investors.

CEF Weekly Review: Take Care With CEF Sector Designation

Barings BDC Inc

FS Credit Opportunities Corp

In this article, we highlight the key lessons of 2023 for income investors. These include keeping an eye on the Fed cycle, investment vehicle diversification, relative value and tactical opportunities as well as using valuation as the key allocation principle. These lessons are not unique to 2023 and are likely to keep delivering for income investors who take them into account in their allocation.

Key Income Lessons Of 2023

SPDR Bloomberg High Yield Bond ETF

We provide a November update for the PIMCO CEF taxable suite. Coverage across PIMCO's tax-exempt funds increased slightly in November, while coverage for taxable funds decreased by around 10% on average. PIMCO appears to have taken advantage of the swoon in credit prices in September and October.

PIMCO CEF Update: PIMCO Trades The October Swoon

Voya Global Advantage and Premium Opportunity Fund

The market is anticipating rate cuts, which led to a rally in November as rates on risk-free Treasuries retreated. Closed-end funds present good investment opportunities, trading at historically deep discounts. While the key theme this year had been primarily to avoid adding significant amounts of leverage, I made an exception with adding a PIMCO fund.

4 Closed-End Fund Buys From The Month Of November 2023

News for PIMCO Dynamic Income Strategy Fund ETF (PDX)