PIMCO Income Strategy Fund II

PIMCO Income Strategy Fund II operates as a closed end investment trust. It engages in the provision of current income, consistent with the preservation of capital. The company was founded on October 29, 2004 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 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, 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?

Liberty All-Star Growth Fund

BlackRock Resources & Commodities Strategy Trust

BlackRock Science & Technology

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Eaton Vance Tax-Managed Global Diversified Equity Income Fund

Barings Corporate Investors

Putnam High Income Securities Fund

abrdn Life Sciences Investors 

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.

5 Best CEFs To Buy This Month (May 2023)

PIMCO CEF Update: What's Ailing PDI?

Investors are desperately in need of income due to the rapidly rising cost of living. PIMCO Income Strategy Fund II invests in a portfolio of junk debt and other income-producing securities to deliver a high level of current income.

PFN: Underperforming Some Of PIMCO's Other CEFs And Trading At A Premium

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

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

PFN invests in a portfolio of fixed-income securities in an effort to provide a high level of current income to its investors. The fund includes floating-rate securities, which may hold their value better than traditional fixed-rate bonds as the Federal Reserve continues to tighten.

PFN: A Solid Bond Fund For Income-Hungry Investors

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

Eagle Point Income Company Inc

First Trust Specialty Finance and Financial Opportunities Fund

Nuveen Real Estate Income Fund

Cohen & Steers Real Estate Opportunities and Income Fund

Tortoise Energy Infrastructure

Western Asset Diversified Income Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

The markets have added to the gains they started in October. I add to my investments every month; however, this month, I did quite a bit of movement with several positions I sold too.

4 Closed-End Fund Buys In The Month Of November 2022

Cash was made to appear to be trash by lowering risk free rate. The relentless bid in assets actually made cash the king of all trades.

PTY & PFN: The Paradox Of Cash Appearing To Be Trash

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.

Credit Investing Looks More Attractive Than Ever (Turn Off CNBC!)

PFN has traded modestly well since my last review, so caution was vindicated over the longer term. I see merit to owning and/or holding this fund, given the double-digit yield and strong income metrics.

PFN: Reasonable, But Not Compelling

Aberdeen Income Credit Strategies Fund

Advent Convertible and Income Fund

Eagle Point Credit

Eaton Vance Limited Duration Income Fund

Virtus AllianzGI Convertible & Income Fund

Virtus AllianzGI Convertible & Income Fund II

Oxford Lane Capital

Virtus Global Multi-Sector Income Fund

Using strategies that incorporate high-yield bonds or collateralized loan obligations, some funds have outpaced inflation. They're worth a look.

10 Funds That Beat Inflation and Offer Steady Monthly Income, With Some Risk

PTY, PFL and PFN have performed exactly as we expected.

PTY, PFL, And PFN: Listen To Your Chart

Flaherty & Crumrine Dynamic Preferred & Income Fund

Blackrock Debt Strategies Fund Inc

Flaherty & Crumrine Total Return Fund Inc

Blackrock Floating Rate Income Strategies Fund Inc

John Hancock Preferred Income Fund

Recent market volatility has opened up discount valuation divergences between very similar CEFs.

Pick Up Yield In These CEF Relative Value Switches

PTY, PFL, And PFN: Are We Panicking Yet?

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

We have had bearish ratings on all the popular PIMCO closed-end funds.

PTY, PFL, And PFN: Are We There Yet?

Guggenheim Strategic Opportunities Fund

KKR Income Opportunities Fund

Nuveen Core Plus Impact Fund

Relative opportunities abound but you need to be cognizant of the risks. Even opportunities that from a relative standpoint look great, can be dangerous.

November 2021 CEF Report: Cracks Are Already Sealing

BlackRock 2022 Global Income Opportunity Trust

MFS High Yield Municipal Trust

MFS High Income Municipal Trust

MFS Investment Grade Municipal Trust

Delaware Enhanced Global Dividend & Income Fund

Eaton Vance Floating-Rate 2022 Target Term Trust

Templeton Global Income Fund

Ivy High Income Opportunities Fund

Nuveen High Income November 2021 Target Term Fund

John Hancock Investors Trust

Nuveen Credit Strategies Income Fund

Invesco Municipal Income Opportunities Trust

Royce Value Trust

Franklin Templeton Emerging Markets Income Fund

Tri-Continental

Invesco Dynamic Credit Opportunities Fund

Major indices hit record highs again this week with mid-caps joining large-cap at all-time highs. August was the seventh consecutive month of gains for the S&P. Discounts widened for the third straight week with taxables going from 2.21% on August 15 to +0.68% on September 5. While 1.6% is not all that worrisome, the trend is.

CEF Weekly Commentary Sept. 5, 2021: Have Discounts Peaked?

Three PIMCO closed-end funds recently cut their dividends, causing some analysts to state that the resulting selloff is a buying opportunity.

PIMCO Closed-End Funds: To Soon To Buy

PIMCO trimmed distributions on their 3 taxable funds: PTY, PFL and PFN echoing a different trio cut in 2020. We put the cuts in the context of our distribution vulnerability framework and what investors should focus on going forward.

PIMCO Distribution And Income Update: There You Go Again

Center Coast Brookfield MLP & Energy Infrastructure Fund

Cornerstone Strategic Value Fund Inc

Cornerstone Total Return Fund Inc

Eaton Vance Short Duration Diversified Income Fund

Highland Income Fund

NexPoint Strategic Opportunities Fund

Neuberger Berman MLP Income Fund, Inc.

NexPoint Real Estate Finance

Tortoise MLP Fund

Pimco Income Opportunity Fund

Salient Midstream & MLP Fund

Cushing MLP & Infrastructure Total Return Fund

Funds at the largest discounts don't necessarily make great investments, with several of the deepest discounted funds worth avoiding.

Discounts And Premiums Not All Created Equal

DoubleLine Income Solutions Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

PIMCO Dynamic Credit and Mortgage Income Fund

We take a look at the PIMCO CEF leverage and coverage numbers for December. Overall, December was a pretty good month for shareholders as coverage increased across the board, NAV gains exceeded distributions while PIMCO took aggregate leverage lower to reflect less attractive valuations.

December Taxable PIMCO CEF Update

News for PIMCO Income Strategy Fund II ETF (PFN)