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PIMCO Global StocksPLUS&Income Fund declares $0.069 dividend
PIMCO Global StocksPLUS&Income Fund (PGP) declares $0.069/share monthly dividend, in line with previous.Forward yield 7.42%Payable June 1; for shareholders of record May 13; ex-div May 12.See PGP Dividend Scorecard, Yield
Seekingalpha · 05/07 19:34
PIMCO CEF Leverage Update: Full Steam Ahead
PIMCO taxable CEFs continued to add borrowings at a fast pace in September.The average fund leverage is approaching 40% - the highest level for the year.More attractive asset valuations, an early-cycle market environment and low leverage costs are likely driving PIMCO to boost leverage levels.Premium valuations have richened, making the taxable suite less attractive in aggregate. Tactically, we like PDI here. We also stick with PHK as an allocation in the High Income Portfolio.
Seekingalpha · 10/13/2020 08:46
PIMCO Global StocksPLUS & Income Fund declares $0.069 dividend
PIMCO Global StocksPLUS & Income Fund (PGP) declares $0.069/share monthly dividend, in line with previous.Forward yield 9.95%Payable Nov. 2; for shareholders of record Oct. 13; ex-div Oct. 9.See PGP Dividend
Seekingalpha · 10/01/2020 21:15
Opportunities In Shadow High-Yielding Muni CEFs
The CEF market is not always particularly efficient, which offers discerning investors opportunities to make attractive strategic or tactical acquisitions.One such opportunity described here is to acquire what we call shadow high-yielders - funds that have high earnings levels but make distributions at lower rates.These funds tend to also trade at attractive discount valuations as the market takes their lower distribution levels as a proxy for low earnings levels.
Seekingalpha · 09/25/2020 08:43
Equity CEFs: When Tech Is Cheap And Value Is Expensive
You know those technology stocks that have corrected 20% or more already.  Trying taking off another 11% to 13%.  Is that getting cheap enough for you?Then consider a value fund that just breached the 100% market price premium level.  Who in their right mind would buy that when you're looking at a 50% loss eventually?You want some more reasons to buy technology and sell value as fast as you can?  Try the fact that these technology funds are less volatile than the value fund.You heard that right.  Not only are these technology funds vastly cheaper, their NAVs will likely hold up better if we go into another market crash like in March.What funds am I talking about?  Equity-based CEFs of course.  No where will you find more insane decisions being made of what to buy and what to sell than in CEFs.
Seekingalpha · 09/21/2020 13:35
PIMCO Monthly Update August 2020: Coverage Scares Investors, Providing An Opportunity
The coverage ratios of the PIMCO funds fell again - but are not due to a decline in true NII production.Ratios were down primarily because of the sharp fall in the US dollar against key currencies.We think the sell off in the shares following the release of the most recent UNII report presents a nice opportunity to get in at an attractive entry point.NAVs have been doing well, and we think, while it will take time (maybe another year) NAVs will recover as most of the declines were liquidity and spread driven.
Seekingalpha · 09/02/2020 11:00
Income Lab Ideas: Section 19a Notice Can Be Misleading
The section 19a that is filed by CEFs, and any investment company, can seem a bit misleading when it comes to the final classification.While the regulation is a great attempt at providing transparency, it doesn't really work with actively managed funds or turbulent market years.It is important to realize these factors and that their filings are only "reasonable" estimates.
Seekingalpha · 08/31/2020 22:50
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