PIMCO Strategic Income Fund Inc

PIMCO Strategic Income Fund, Inc. is a closed-end and non-diversified management investment company. Its investment objective is to generate a level of income higher than that generated by intermediate-term United States debt securities as a primary objective and capital appreciation to the extent consistent with this objective. The company was founded on February 24, 1994 and is headquartered in New York, NY.

PIMCO Access Income Fund

Pimco California Municipal Income Fund II

PCM Fund

PIMCO Corporate & Income Strategy 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

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

Aberdeen Income Credit Strategies Fund

KKR Income Opportunities Fund

We provide an update for the PIMCO CEF suite. Coverage for PIMCO CEFs saw marginal declines for Muni funds and remained nearly flat for taxable funds. Borrowing and leverage levels remained fairly steady.

PIMCO CEF Update: PIMCO Struggled To Outperform Last Year

PIMCO Strategic Income Fund aims to provide high current income by investing in debt securities issued by American and foreign entities. The RCS closed-end fund has seen positive total returns over the past five years despite a decline in share price. The fund has a high level of leverage and a declining distribution over the past several years, which may be concerning for investors.

RCS: A Decent Bond Fund, But Best To Wait For A Better Entry Price Given Risks

We provide an update for the PIMCO CEF suite. PIMCO took advantage of the recent back-up in yields and yield curve disinversion to add assets across the taxable suite. Muni CEF coverage continues to decrease, while taxable CEF coverage slightly improved.

PIMCO CEF Update: Getting Ready For PDX

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 article evaluates the PIMCO Strategic Income Fund as an investment option for generating high income and capital appreciation. I have been monitoring RCS due to its exposure to agency MBS, but has not found a compelling buy thesis for a few years. My "hold" rating on RCS has been proven right and I expect that will continue to be the case for the remainder of 2023.

RCS: Safest Underlying Securities, But Not A Safe Fund

iShares 10+ Year Investment Grade Corporate Bond ETF

This is not going to be an apples to apples comparison. But the goal here is to minimize risk and maximize returns relative to that risk, and that is what we are trying to do here. Let us look at PIMCO Strategic Income Fund and see why switching to IGLB might be a fit.

RCS Vs. IGLB: PIMCO Fund Struggling With Distribution Coverage

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 Strategic Income Fund offers a high current yield of 11.27%, which is higher than most other assets in the market. The fund's share price has remained flat over the past year despite rising interest rates. This has been a better performance than most other bond funds. The fund primarily invests in investment-grade debt securities using leverage to boost its effective yield.

RCS: Far Too Expensive To Justify A Purchase

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

FS Credit Opportunities Corp

John Hancock Premium Dividend Fund

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)

The PIMCO Dynamic Income Fund carries significant risk due to its concentration in non-agency mortgage-backed securities and high-yield credit, particularly in the banking and finance sectors. The PIMCO Strategic Income Fund is considered a safer investment, with half of its portfolio in agency-backed securities and lower exposure to high-yield credit and external leverage than PDI. Despite PDI offering higher yield, RCS is a better choice in the current economic climate of surging interest rates and potential economic slowdown.

PDI Vs. RCS: Where The Spread Is Not Justified

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

The article evaluates the PIMCO Strategic Income Fund (RCS) as an investment option at its current market price. I have been cautious about investing in RCS due to its premium price and have maintained a "hold" position since January. The fund's performance has not been strong enough to justify the premium, and I continue to view it cautiously.

RCS: No Reason For An Upgrade In The Second Half Of The Year

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

RCS, a fixed income closed end fund, has an impressive long term performance. LQD, a fixed income ETF, has a solid track record too, but not as impressive.

PIMCO's RCS Likely To Cut Distribution, 30% Downside Possible

RCS continues to drop while I watch it. While buying now looks tempting, the fund is still too expensive. With high leverage and a high premium, the scars from 2022 remain forefront in my mind. This tells me investors should be cautious with options like this one.

RCS: Still Not The Time, Reiterate Hold

Ares Dynamic Credit Allocation Fund

Blackrock California Muni Income Trust

Barings Global Short Duration High Yield Fund

Blackstone/GSO Senior Floating Rate Term Fund

Brandywine Global Income Opportunities Fund Inc

Eaton Vance California Municipal Income Trust

MFS Investment Grade Municipal Trust

Flaherty & Crumrine Dynamic Preferred & Income Fund

DoubleLine Income Solutions Fund

Dreyfus Strategic Municipal Bond Fund Inc

Western Asset Global High Income Fund

Western Asset Emerging Markets Debt Fund

Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance California Municipal Bond Fund

Flaherty & Crumrine Preferred Securities Income Fund Inc

Flaherty & Crumrine Total Return Fund Inc

Federated Premier Municipal Income Fund

Western Asset Global Corp Defined Opportunity Fund Inc

Highland Income Fund

Western Asset High Income Fund

Pioneer Diversified High Income Trust

New American High Income Fund

Nuveen Preferred & Income Opportunities Fund

Nuveen Preferred & Income 2022 Term Fund

Deutsche Strategic Municipal Income Trust

BlackRock MuniYield Pennsylvania Quality Fund

Nuveen Missouri Quality Municipal Income Fund

Nuveen Pennsylvania Quality Municipal Income Fund

Oxford Lane Capital

Pioneer High Income Trust

Cushing MLP & Infrastructure Total Return Fund

Invesco Pennsylvania Value Municipal Income Trust

Western Asset Diversified Income Fund

Western Asset/Claymore Inflation-Linked Securities & Income Fund

Western Asset/Claymore Inflation-Linked Opportunities & Income Fund

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY, and DxYxZ are given.

Quality Closed-End Fund Report, November 2022

RCS has performed modestly since my last review roughly five months ago. However, my outlook for the fund has not improved in the interim. This CEF invests heavily in agency MBS. This has pros and cons right now. Spreads are up and refinancing is down, both of which are attractive. However, Fed tapering remains a risk.

RCS: Despite Flat Return, Value Proposition Is Much Worse

The PIMCO Strategic Income Fund is a multi-sector, international fixed-income CEF.  Its recent and long-term returns have been poor compared to other PIMCO CEFs. PIMCO offers about a dozen taxable fixed-income funds to pick from. Despite sharing management and analytical staff, there is a wide range in returns. RCS finds itself at the bottom over various time frames.

RCS: 1 Of PIMCO's Poorest-Performing Income CEFs

Liberty All-Star Growth Fund

BlackRock Innovation & Growth Trust

Today we're going to dive into a three-fund portfolio that throws off a massive 9.7% dividend yield.

3 Overlooked Funds Yielding 9.7% (With Upside)

RCS has been a very poor performer over the past few months. This pain could make for a contrarian buy signal.

RCS: It Has Dropped Almost 20%, And It's Still Not Cheap

Right now is one of the best times to get into what is typically thought of as the best-in-breed of the CEF world.

PIMCO CEFs Update: The Merger Is Nearly Complete As Buying Opportunities Are All Around

RCS has seen a flat return in the past four months, while other risk-on assets have performed well. The fund still sports a very expensive premium to NAV. This makes me reluctant to recommend buying at these levels.

RCS: I Still Can't Be Tempted

Wells Fargo Income Opportunities Fund

Let's shrug off today's “dividend desert” and do something most folks think is impossible.

News for PIMCO Strategic Income Fund Inc ETF (RCS)