PIMCO Dynamic Income Strategy Fund

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

PIMCO Strategic Income Fund Inc

NEW YORK, Nov. 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 December 2, 2024 to shareholders of record on November 12, 2024, with an ex-dividend date of November 12, 2024.

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

ArrowMark Financial

ArrowMark Financial Corp and PIMCO Dynamic Income Strategy Fund offer attractive distributions with the potential for future payout increases or specials. If we don't see increases or specials paid out, then these funds look like they have a good chance at some capital appreciation if they are retaining cash flow and gains. These funds are also trading at discounts to their NAV per share, so they aren't looking overvalued and are fairly attractive to consider initiating positions.

BANX And PDX: Generating Attractive Distributions With Upside Potential

Nuveen Quality Municipal Income Fund

We take a look at the PIMCO CEFs coverage, valuation, and performance. Distribution coverage for PIMCO's Muni CEFs has surged, coinciding to the retirement of auction-rate preferreds, but the increase is too high. Taxable CEFs' distribution coverage has declined, with only PDO maintaining over 100% coverage, while the rest average just above 71%.

PIMCO CEF Update: Muni Coverage And The Premium Mystery

Central Securities

Nuveen AMT-Free Municipal Value Fund

Closed-end funds offer unique advantages like fixed share numbers, no redemption liquidity issues, and exposure to hard-to-access asset classes, enhancing portfolio diversification. CEFs can trade at significant discounts or premiums to NAV due to supply and demand, unlike mutual funds and ETFs which align closely with NAV. Nuveen's AMT-Free Municipal Value Fund is a low-risk CEF with strong distribution coverage, primarily investing in investment-grade municipal bonds and trading at a discount to NAV.

The ABCs On CEFs

PIMCO Dynamic Income Strategy Fund offers a 5.78% yield, lower than many peers, but has appreciated 11.11% since June, outperforming major indices. The fund's hybrid nature, investing in both common equities and bonds, allows for potential outperformance, especially with current bond market limitations. The fund currently has almost half of its assets invested in midstream equities, which are reasonably attractive securities for income investors.

PDX: Low Yield, But Substantial Excess Returns Suggest A Coming Distribution Increase

We take a look at the coverage and performance metrics of the PIMCO CEF suite. Distribution coverage for PIMCO CEFs is increasing, especially in the Municipal fund suite. PDX fund remains heavily allocated to energy and equities, despite initial strategy shift expectations.

PIMCO CEF Update: PDX Not In A Hurry To Be A Credit Fund

Ever since I started recommending PIMCO Dynamic Income Strategy Fund to my subscribers in January 2022, no closed-end fund has performed better than PDX. What makes this even more amazing is that PDX does not own any of the 'Magnificent 7' stocks, or any technology stocks, for that matter. And though I am overweighted in technology-focused CEFs and ETFs in my advisory program for high-net-worth clients, PDX is still my largest CEF position.

PIMCO's PDX Is Simply The Best And Should Get Even Better

We take a look at coverage and performance metrics of the PIMCO CEF suite. We also discuss portfolio changes in the previous shareholder report. Average taxable was mostly flat in April save for PDO, while tax-exempt coverage continued to grow. We highlight significant changes in taxable fund portfolios in the last shareholder report, including a shift to reduce credit and floating-rate assets.

PIMCO CEF Update: Coverage Rebound Mirage And A Portfolio Reshuffle

Coverage on PIMCO CEFs improved, with muni CEF coverage ratio up 9 points to 89% and taxable CEFs up over 20 points to 84.6%. Leverage changes varied among funds, with some cutting borrowing significantly while others increased leverage. NAVs for PIMCO CEFs showed positive trends, with some funds performing better over the past year than others.

PIMCO Update May 2024 - PDX Levers Up

BlackRock Taxable Municipal Bond Trust

BlackRock Capital Allocation Trust

BlackRock Innovation & Growth Trust

BlackRock Health Sciences Trust II

BlackRock Science and Technology Trust II

India Fund Inc

Nuveen New York AMT

Cohen & Steers Select Preferred and Income Fund

TCW Strategic Income Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

Technology Select Sector SPDR Fund

Health Care Select Sector SPDR Fund

Taxable bond CEF space value shrinking as discounts tighten. Opportunities exist, especially following activists. Focus on top-down assessment, cheap sectors, and specific funds like Cohen & Steers Select Preferred and Income.

CEF Report | May 2024 | Activism Is Heating Up

PIMCO Dynamic Income Strategy Fund has a lower yield than many of its peers, but its share price has outperformed significantly in the past year. The fund's strong recent performance relative to peers is attributed to its allocation to pipeline operators, which have outperformed bonds and many other securities over the past year. PDX employs leverage, but it is not excessive compared to its peers and does not pose significant risk.

PDX: An Unusual Offering From PIMCO, But A Good One

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

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

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

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

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

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.

News for PIMCO Dynamic Income Strategy Fund ETF (PDX)