PIMCO Income Strategy Fund

PIMCO Income Strategy Fund is a closed-end investment fund. The firm's investment objective is to seek high current income, consistent with the preservation of capital. The company was founded on June 19, 2003 and is headquartered in New York, NY.

PIMCO Income Strategy Fund is a closed-end investment fund. It engages in investment activities. It provides investment for current income, consistent with the preservation of capital. The company was founded on June 19, 2003 and is headquartered in New York, NY.

The article evaluates the PIMCO Income Strategy Fund as an investment option at its current market price. This fund has performed extremely well since my buy rating, but I believe a more moderate stance is the right call going in to Q2. I see challenges for high yield credit and non-US debt. PFL is overweight both.

PFL: After A Big Run, I'd Be More Cautious Here (Rating Downgrade)

PIMCO Access Income Fund

PIMCO Corporate & Income Strategy Fund

PIMCO Dynamic Income 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

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.

PIMCO CEF Update: Performance Reversal And New Swap Shenanigans

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

PIMCO Income Strategy Fund offers a high level of income with a double-digit distribution yield of 11.94%. The PFL closed-end fund's share price has increased by 7.49% in the past two months, outperforming the Bloomberg U.S. Aggregate Bond Index. The fund's objective is to provide current income while preserving capital, primarily investing in bonds with a small allocation to common equities.

PFL: Market Appears Exuberant, So Caution Could Be Advisable

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

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

PIMCO Income Strategy Fund offers a high current yield of 12.92%, but the market suggests it may be unsustainable in the future. The PFL closed-end fund's performance has been poor, falling 7.69% since July 2023, but still outperformed the S&P 500. Fixed-income securities have been suffering due to the Federal Reserve's fight against inflation and high interest rates are expected to continue.

PFL: Good Bond CEF But Bond Bear Market Is A Big Risk

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

Western Asset Mortgage Opportunity Fund

Nuveen Mortgage Opportunity Term Fund

Western Asset Diversified Income Fund

We provide a July update for the PIMCO CEF taxable suite. Taxable coverage fell for the second straight month while tax-exempt coverage remained stable. PIMCO is doing a tender offer of their very expensive auction-rate preferreds.

PIMCO CEF Update: ARPS Go On The Chopping Block

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

Investors today are desperate for any source of income as the high inflation in the United States has pushed up all of our regular expenses. PIMCO Income Strategy Fund invests in a portfolio of debt securities to provide investors with a high level of income to meet their overall desire. The PFL closed-end fund has a mix of fixed-rate and floating-rate securities, but it still has a great deal of exposure to interest rates.

PFL: A Solid Bond CEF For Income, But It Isn't Cheap

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

We provide an April update for the PIMCO CEF taxable suite. PIMCO taxable CEFs deleveraged slightly as total borrowings fell below their February level to a new low. Six-month rolling coverage deflated further while three-month coverage was relatively stable. We expect six-month coverage to stabilize going forward.

PIMCO CEF Update: How Low Can Coverage Go?

PIMCO CEF Update: What's Ailing PDI?

PFL: A Few Reasons I Think Its Next Move Will Be Higher (Rating Upgrade).

PFL: A Few Reasons I Think Its Next Move Will Be Higher (Rating Upgrade)

We provide a February update for the PIMCO CEF taxable suite. Taxable CEFs continued to deleverage despite NAVs largely holding steady through February, possibly as a result of a low level of net income generated by leveraged assets.

PIMCO CEF Update: Bad But Not As Bad As It Looks

Investors are desperate for income as inflation still remains high and most things continue to have negative real yields. PIMCO Income Strategy Fund invests in a portfolio of bonds and applies leverage to provide its investors with a very high level of current income.

PFL: Great Bond Fund Selling At A Small Premium

We provide a January update for the PIMCO CEF taxable suite. Taxable and Muni funds continued to deleverage in January despite rising NAVs - in effect PIMCO is deleveraging over and above what is already done by NAVs.

PIMCO CEF Update: Rolling Horror Show

Gabelli Equity Trust

Brookfield Real Assets Income Fund

A recent Bloomberg story, for example, said we'd need $3 million saved to clock out comfortably!

3 Clicks To A 12% Dividend (With Big Upside This Year)

We provide a December update for the PIMCO CEF taxable suite. Most funds deleveraged further while PDO added borrowings.

PIMCO CEF Update: Deleveraging And Swaps Take A Toll On Income

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

PFL invests in a diversified portfolio of bonds to provide investors with a high level of current income. The fund will likely see share price declines over the next few months as the Federal Reserve continues monetary tightening.

PFL: This Very High Yielding Bond Fund May Be Worth Buying Today

Apollo Senior Floating Rate Fund

Ares Capital

Barings BDC Inc

VanEck Vectors BDC Income ETF

TCG BDC

BlackRock Corporate High Yield Fund

PGIM High Yield Bond Fund

Invesco Senior Income Trust

I have often compared CNBC to the ESPN sports network, with panels of experts giving non-stop commentary on the sports or financial worlds. Both have the same business model: get viewers addicted so they'll watch all the time, regardless of whatever is happening.

News for PIMCO Income Strategy Fund ETF (PFL)