Weekly Report: what happened at PAXS last week (0422-0426)?

Weekly Closed-End Fund Roundup: April 14, 2024

Weekly Report: what happened at PAXS last week (0415-0419)?

Weekly Report: what happened at PAXS last week (0408-0412)?

Weekly Report: what happened at PAXS last week (0401-0405)?

PIMCO Access Income Fund declares $0.1494 dividend

PIMCO Access Income Fund (PAXS) declares $0.1494/share monthly dividend. Forward yield 11.38% Payable May 1; for shareholders of record April 11; ex-div April 10. PIMCO access income fund is a passively managed fund.

Weekly Report: what happened at PAXS last week (0325-0329)?

PAXS: PIMCO's Newest Closed End Fund Continues To Deliver

PIMCO's newest closed end fund, the PIMCO Access Income Fund (PAXS), launched in 2022. The fund has performed well compared to other closed end funds in the lineup. Positive economic indicators, such as easing inflation, have shifted sentiment towards a lower interest rate scenario. The Federal Reserve is expected to cut interest rates this year. PIMco's newest fund, PAXS, is one of the largest fixed income managers.

Weekly Report: what happened at PAXS last week (0318-0322)?

PIMCO Update Feb 2024 | PDX Makes The Move, Valuations Remain Rich

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.

Weekly Report: what happened at PAXS last week (0311-0315)?

Weekly Report: what happened at PAXS last week (0304-0308)?

PIMCO CEF Update: Performance Reversal And New Swap Shenanigans

PIMCO has reduced its leverage in taxable funds. The performance of CMBS-overweight funds has reversed this year, outperforming other funds in the suite. Coverage for muni funds has improved but taxable coverage fell slightly. PIMCO increased its swap portfolio to generate more income without taking on credit risk.

PIMCO Access Income: Dividend Insights

PIMCO Access Income will pay shareholders a monthly dividend of 14.94 cents per share. The company's stock will go ex-dividend on Friday. Thursday marks the last chance for investors to receive the next dividend payout from PIMCO. The stock will likely open lower to reflect the payout.

PAXS: 10.71% Yielding CEF From PIMCO Could Thrive In A Lower Rate Environment

PIMCO Access Income Fund (PAXS) has experienced a flat performance over the past year. The fund's performance is dependent on the macroeconomic environment and the Fed's interest rate decisions. Shares of the fund are flat but have generated monthly income of 10.71%. I am becoming more bullish on PAXS as the Fed is getting closer to a rate-cutting environment.

PIMCO Access Income Fund declares $0.1494 dividend

Weekly Report: what happened at PAXS last week (0226-0301)?

PDI: What Lurks Under The Hood Of PIMCO's Crown Jewel

Weekly Report: what happened at PAXS last week (0219-0223)?

Weekly Report: what happened at PAXS last week (0212-0216)?