PCN

PIMCO Corporate & Income Strategy Fund (PCN) declares $0.1125/share monthly dividend, in line with previous.Forward yield 7.21%Payable June 1; for shareholders of record May 13; ex-div May 12.See PCN Dividend

NEW YORK, April 01, 2021 (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 di...

Almost one year ago, I built an income portfolio based on 15 closed-end funds (CEFs) that I judged to have the best net asset value (NAV) performance since inception.The distributions from almost all of my CEFs have remained intact despite the rivers of ink predicting massive cuts in distributions that haven’t yet shown up.Today most of my funds have recovered from the downturn caused by the March sell-off.However, there’s still a long way to go before the since-inception NAV performance of my CEFs returns to positive territory.So, let’s accept the situation as it is and hope for a full recovery from the pandemic that upended our lives and the financial markets.

PTY has proven to be one of the best fixed-income CEFs ever.Complexity creates opportunity and today's fixed-income market is full of it.There are plenty of hazards for retail investors.

The weak trend in global trade and growth will not be enough to support risky assets such as equities in the coming months.The recent 10%+ consolidation in equities clearly shows how vulnerable is the market currently 'without' central banks and governments' help.Leading indicators such as South Korea exports not showing any sign of positive momentum for global equities in the near term.Global uncertainty and investors' fear will keep price volatility elevated for the rest of the year.

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.