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.

Calamos Dynamic Convertible & Income 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

PIMCO Dynamic Income Fund

John Hancock Premium Dividend Fund

PIMCO Corporate & Income Opportunity Fund

Cohen & Steers Quality Income Realty Fund

Special Opportunities Fund Inc

Cohen & Steers Infrastructure Fund Inc

Reaves Utility Income Fund

NAV performance, discount on NAV, and leverage constitute the three main parameters of my rule of thumb to select funds for a long-term CEF portfolio.

CEF Focus Investing: 'Everything You Always Wanted To Know About Total Return'

Nuveen Preferred & Income Term Fund

I am sold on leveraged closed-end debt funds, junk bonds and floating-rate bank loan funds.

Where to Find Yield in 2022

Blackrock Health Sciences Trust

DNP Select Income Fund Inc

GGM Macro Alignment ETF

Gabelli Global Utility & Income Trust

Guggenheim Enhanced Equity Income Fund

Pimco Income Opportunity Fund

There were a total of 7 closed-end funds that have never cut their distributions with inceptions before 2008/09's GFC. We will see the loss of one of those names with PKO set to merge with PDI.

Closed-End Funds: Revisiting The Funds That Have Never Cut Distributions And Have An Inception Pre-2008

Virtus AllianzGI Diversified Income & Convertible Fund

Virtus Artificial Intelligence & Technology Opportunities Fund

Blackrock Core Bond Trust

BlackRock Science & Technology

BlackRock Utilities Infrastructure & Power Opportunities Trust

Calamos Convertible And High Income Fund

BlackRock Enhanced Capital and Income Fund

Calamos Strategic Total Return Fund

Flaherty & Crumrine Dynamic Preferred & Income Fund

DoubleLine Income Solutions Fund

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Gabelli Dividend & Income Trust

Macquarie Global Infrastructure Total Return Fund Inc

Nuveen Select Tax-Free Income Portfolio

Cohen & Steers Select Preferred and Income Fund

A reliable selection criterion for building a portfolio of funds that are likely to produce above-average returns over the long haul is the goal of every CEF investor. For me, the flexible combination of a positive NAV since inception, discount on NAV, and leverage represents a practical rule of thumb for long-term CEF investing.

CEF Focus Investing - My Rule Of Thumb In Action

In the years since I first discovered CEFs, I have focused on formulating the best selection criteria for building a portfolio of reliable securities over time. I have developed a personal rule of thumb for long-term CEF investing, obtained by the flexible combination of three basic parameters: positive NAV since inception, discount on NAV, and leverage.

A Rule Of Thumb For Long-Term CEF Investing

PIMCO CEFs made news recently, with distribution cuts to a number of funds. The pain was swift, and even those that did not see cuts got impacted.

PCN: Income Constant, Premium Still Sky-High

Credit Suisse X-Links Gold Shares Covered Call ETN

JPMorgan Equity Premium Income ETF

NEOS Nasdaq-100 Hedged Equity Income ETF

Invesco CEF Income Composite ETF

Global X NASDAQ 100 Covered Call ETF

Global X Russell 2000 Covered Call ETF

Global X Superdividend ETF

Credit Suisse X-Links Silver Shares Covered Call ETN

Credit Suisse X-Links Crude Oil Shares Covered Call ETN

Global X S&P 500 Covered Call ETF

YieldShares High Income ETF

If rationality is the winning weapon of the Capricorn, I hope it will help me in the field of finance, preventing me from acting on impulse in the short term. One of my recent decisions was to reduce my Cupolone Income Portfolio to 12 CEFs by liquidating my entire position in RNP.

My Income Portfolio - Opinions Of A Capricorn

Saba Closed-End Funds ETF

Navistar

Cohen & Steers Reit And Preferred Income Fund Inc

The Net Asset Value (NAV) for a CEF remains, for me, a primary measure of its overall health.

My Income Portfolio - NAV Of My Life

BlackRock Enhanced Equity Dividend Trust

BlackRock Health Sciences Trust II

Eaton Vance Enhanced Equity Income Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Eaton Vance Tax-Managed Diversified Equity Income Fund

Eaton Vance Tax-Advantaged Bond & Opportunity Stategies Fund

Eaton Vance Tax-Managed Global Diversified Equity Income Fund

Tying together our previous coverage of mistakes and misunderstandings related to taxes.

Closed-End Fund Tax Benefits (Or Not) Of Distributions

PCN continues to deliver strong returns, coupled with an improving macro picture and the persistence of a high premium to NAV. Credit risk is not my primary concern for the high-yield sector, considering all the new cash that was raised under very low interest rates. However, duration risk is a key concern.

PCN: Another Strong Performer With A Persistent Premium

Virtus AllianzGI Convertible & Income Fund

Virtus AllianzGI Convertible & Income Fund II

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

PIMCO Dynamic Credit and Mortgage Income Fund

PCM Fund

PIMCO Income Strategy Fund

PIMCO Income Strategy Fund II

Pimco Global Stockplus & Income Fund

Pimco High 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

First Trust Energy Income and Growth Fund

Gabelli Equity Trust

Not all funds were forced to cut distributions during market panics. Today's list is of funds that have been paying the same or more regular distribution for a long time.

Closed-End Funds: These Funds Have Never Cut Distributions And Have An Inception Pre-2008

Last year was tough for everyone, including investors. Staying afloat in the financial markets involved considerable effort. Having reached the end of a troubled 2020, it is time to take stock of how the funds in my portfolio performed.

My Income Portfolio - Investing Wearies

Cornerstone Total Return Fund Inc

Gabelli Utility Trust

If I Owned These 3 Funds, I'd Be Very Worried

The relationship between risk and return is of fundamental importance when choosing and evaluating a financial investment. For generations, investors have believed that risk and return are inseparable, convinced that the higher the returns, the greater the risks.

My Income Portfolio - The Risk-Return Paradox

Pimco California Municipal Income Fund

Pimco Municipal Income Fund II

PIMCO Strategic Income Fund Inc

Invesco DB US Dollar Index Bullish Fund

Coverage rebounded in September as the dollar rallied off the interim lows. We take a hard look at what the dollar is doing so far in October to forecast ratios. The PIMCO muni funds look fundamentally the healthiest they have been for many years now. The average coverage ratio is 106.3%.

PIMCO Closed-End Fund Update: Most Compelling Valuation Look In Some Time

My Income Portfolio - The NAV Evolution

Pimco California Municipal Income Fund II

PIMCO Monthly Update August 2020: Coverage Scares Investors, Providing An Opportunity

PCN: Modest Outlook Going Forward

PIMCO taxable funds have added over $300m to their borrowings, increasing the average fund leverage level by over 2%.

PIMCO CEFs Sharply Releverage In June

It’s no secret why most people buy closed-end funds (CEFs): big dividends!

The Inside Story On 3 Big Dividends About To Collapse

We think too much is being made of the lower coverage in the UNII report and that those ratios tend to ebb and flow over time.

Nothing To Worry About With PIMCO Taxable CEFs

Lower asset prices have led to a wave of distribution cuts across the CEF space as many funds have had to deleverage in order to comply with their leverage covenants.

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