PIMCO Corporate & Income Strategy Fund Key Executives
This section highlights PIMCO Corporate & Income Strategy Fund's key executives, including their titles and compensation details.
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PIMCO Corporate & Income Strategy Fund Earnings
This section highlights PIMCO Corporate & Income Strategy Fund's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|
PIMCO Corporate & Income Strategy Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors. It invests in fixed income securities such as treasury bonds, corporate notes, U.S. government agency securities, mortgage backed and asset-backed securities. The fund employs fundamental analysis with a top-down security selection process to create its portfolio. The fund was formerly known as PIMCO Corporate Income Fund. PIMCO Corporate & Income Strategy Fund was formed on October 17, 2001 and is domiciled in the United States.
$12.52
Stock Price
$801.00M
Market Cap
-
Employees
Newport Beach, CA
Location
Financial Statements
Access annual & quarterly financial statements for PIMCO Corporate & Income Strategy Fund, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | June 30, 2024 | June 30, 2023 | June 30, 2022 | July 31, 2021 | July 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $67.25M | $42.27M | $120.46M | $120.95M | $-30.60M |
| Cost of Revenue | $- | $- | $5.12M | $4.94M | $4.76M |
| Gross Profit | $67.25M | $42.27M | $115.35M | $116.01M | $-35.36M |
| Gross Profit Ratio | 100.00% | 100.00% | 95.75% | 95.92% | 115.56% |
| Research and Development Expenses | $- | $- | $- | $4 | $3 |
| General and Administrative Expenses | $5.17M | $161.00K | $- | $82.00K | $100.00K |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $5.17M | $161.00K | $- | $82.00K | $100.00K |
| Other Expenses | $- | $- | $- | $111.00K | $95.00K |
| Operating Expenses | $5.17M | $223.00K | $- | $193.00K | $195.00K |
| Cost and Expenses | $5.17M | $223.00K | $205.76M | $193.00K | $195.00K |
| Interest Income | $62.09M | $67.78M | $- | $55.83M | $59.82M |
| Interest Expense | $8.57M | $8.08M | $- | $1.57M | $3.80M |
| Depreciation and Amortization | $-62.08M | $-63.70M | $- | $-52.03M | $-55.96M |
| EBITDA | $- | $- | $-85.30M | $- | $-30.79M |
| EBITDA Ratio | 0.00% | 0.00% | -70.81% | 0.00% | 100.64% |
| Operating Income | $62.08M | $42.05M | $-85.30M | $120.75M | $-30.79M |
| Operating Income Ratio | 92.31% | 99.47% | -70.81% | 99.84% | 100.64% |
| Total Other Income Expenses Net | $10.57M | $-21.65M | $-2.32M | $- | $4.76M |
| Income Before Tax | $72.65M | $42.05M | $-87.62M | $120.75M | $-30.79M |
| Income Before Tax Ratio | 108.02% | 99.47% | -72.74% | 99.84% | 100.64% |
| Income Tax Expense | $- | $43.48M | $- | $120.75M | $51.98M |
| Net Income | $72.65M | $42.05M | $-87.62M | $120.75M | $-30.79M |
| Net Income Ratio | 108.02% | 99.47% | -72.74% | 99.84% | 100.64% |
| EPS | $1.24 | $1.05 | $-1.83 | $3.01 | $-0.77 |
| EPS Diluted | $1.24 | $1.05 | $-1.83 | $3.01 | $-0.77 |
| Weighted Average Shares Outstanding | 58.59M | 40.11M | 43.94M | 40.11M | 39.93M |
| Weighted Average Shares Outstanding Diluted | 57.73M | 40.11M | 43.94M | 40.11M | 39.93M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | June 30, 2024 | December 30, 2023 | June 30, 2023 | December 30, 2022 | June 30, 2022 | January 31, 2022 | July 31, 2021 | January 31, 2021 | July 31, 2020 | January 31, 2020 | July 31, 2019 | January 31, 2019 | July 31, 2018 | January 31, 2018 | July 31, 2017 | January 31, 2017 | July 31, 2016 | January 31, 2016 | July 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $44.01M | $34.46M | $32.79M | $34.55M | $7.72M | $55.96M | $64.50M | $31.05M | $2.07M | $28.12M | $32.63M | $21.78M | $33.96M | $39.21M | $62.93M | $25.84M | $24.61M | $31.30M | $22.53M | $21.93M |
| Cost of Revenue | $- | $5.40M | $-5.40M | $- | $- | $2.46M | $2.66M | $2.57M | $2.37M | $- | $- | $2.60M | $2.64M | $2.66M | $2.76M | $6.77M | $- | $- | $- | $- |
| Gross Profit | $44.01M | $29.06M | $38.19M | $34.55M | $7.72M | $115.35M | $- | $28.48M | $-300.00K | $28.12M | $32.63M | $19.17M | $31.32M | $36.54M | $60.17M | $19.07M | $24.61M | $31.30M | $22.53M | $21.93M |
| Gross Profit Ratio | 100.00% | 84.32% | 116.48% | 100.00% | 100.00% | 206.12% | 0.00% | 91.72% | -14.51% | 100.00% | 100.00% | 88.05% | 92.23% | 93.21% | 95.62% | 73.81% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $3.03M | $2.71M | $2.46M | $2.46M | $-2.30M | $- | $- | $1.29M | $1.19M | $2.21M | $2.59M | $1.38M | $1.34M | $1.36M | $1.41M | $2.72M | $2.65M | $2.51M | $2.95M | $3.15M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $14.00K | $-60.50K | $14.00K | $-32.25K | $30.00K | $-63.00K | $- | $- | $- |
| Selling General and Administrative Expenses | $3.03M | $2.71M | $2.46M | $2.46M | $-2.30M | $- | $- | $1.29M | $1.19M | $2.21M | $2.59M | $1.38M | $1.34M | $1.36M | $1.41M | $2.72M | $2.65M | $2.51M | $2.95M | $3.15M |
| Other Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $3.03M | $2.71M | $2.46M | $16.38M | $-16.15M | $- | $- | $8.67M | $26.42M | $88.63M | $3.37M | $10.45M | $13.05M | $6.78M | $2.94M | $34.03M | $25.24M | $17.04M | $49.22M | $3.15M |
| Cost and Expenses | $3.03M | $2.71M | $2.46M | $16.38M | $-16.15M | $141.65M | $64.11M | $-3.44M | $-86.68M | $88.63M | $3.37M | $-29.56M | $26.92M | $27.15M | $37.07M | $34.03M | $25.24M | $17.04M | $49.22M | $3.15M |
| Interest Income | $- | $46.76M | $15.34M | $4.32M | $63.46M | $- | $- | $6.71M | $3.51M | $2.31M | $1.86M | $- | $- | $- | $- | $- | $- | $2.61M | $3.70M | $- |
| Interest Expense | $- | $- | $8.57M | $- | $8.08M | $- | $- | $- | $- | $- | $- | $26.37M | $950.00K | $- | $624.25K | $75.81M | $695.50K | $- | $- | $- |
| Depreciation and Amortization | $-40.97M | $-31.75M | $-30.32M | $-32.09M | $-31.61M | $- | $- | $-13.17M | $-12.85M | $-25.91M | $-30.04M | $-12.25M | $-13.69M | $-12.70M | $-12.13M | $-23.12M | $-21.96M | $-28.79M | $-19.58M | $-18.78M |
| EBITDA | $- | $15.01M | $-15.01M | $- | $- | $-85.69M | $387.00K | $34.49M | $88.75M | $- | $- | $51.34M | $- | $-644.00K | $13.73M | $- | $- | $- | $- | $- |
| EBITDA Ratio | 0.00% | 43.54% | -45.76% | 0.00% | 0.00% | -153.11% | 0.60% | 111.07% | 4291.39% | 0.00% | 0.00% | 235.75% | 0.00% | -1.64% | 21.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | $40.97M | $31.75M | $30.32M | $32.09M | $9.96M | $-85.69M | $387.00K | $34.49M | $88.75M | $25.91M | $30.04M | $51.34M | $8.64M | $13.48M | $26.93M | $23.12M | $21.96M | $28.79M | $19.58M | $18.78M |
| Operating Income Ratio | 93.11% | 92.14% | 92.49% | 92.88% | 128.98% | -153.11% | 0.60% | 111.07% | 4291.39% | 92.14% | 92.07% | 235.75% | 25.45% | 34.39% | 42.80% | 89.48% | 89.24% | 91.98% | 86.91% | 85.65% |
| Total Other Income Expenses Net | $19.86M | $-12.01M | $22.58M | $-9.59M | $-12.06M | $-2.73M | $402.00K | $-1.66M | $-818.00K | $-84.11M | $-2.64M | $-2.67M | $-2.04M | $-1.79M | $-6.00K | $37.15M | $27.82M | $16.94M | $-49.97M | $-5.46M |
| Income Before Tax | $60.83M | $19.74M | $52.90M | $22.50M | $19.55M | $-88.41M | $789.00K | $32.83M | $87.93M | $-58.19M | $27.40M | $48.67M | $6.61M | $11.69M | $25.85M | $60.27M | $49.78M | $45.73M | $-30.39M | $13.32M |
| Income Before Tax Ratio | 138.24% | 57.29% | 161.34% | 65.12% | 253.24% | -157.98% | 1.22% | 105.71% | 4251.84% | -206.90% | 83.96% | 223.51% | 19.46% | 29.81% | 41.08% | 233.25% | 202.30% | 146.08% | -134.90% | 60.77% |
| Income Tax Expense | $- | $- | $- | $-9.59M | $53.08M | $- | $- | $13.17M | $12.85M | $-84.11M | $-2.64M | $12.25M | $13.69M | $12.70M | $12.13M | $37.15M | $27.82M | $16.94M | $-49.97M | $- |
| Net Income | $60.83M | $19.74M | $52.90M | $21.62M | $20.43M | $-88.41M | $789.00K | $32.83M | $87.93M | $-58.27M | $27.07M | $48.67M | $6.61M | $11.69M | $25.85M | $59.90M | $49.59M | $45.57M | $-30.51M | $13.32M |
| Net Income Ratio | 138.24% | 57.29% | 161.34% | 62.56% | 264.68% | -157.98% | 1.22% | 105.71% | 4251.84% | -207.20% | 82.97% | 223.51% | 19.46% | 29.81% | 41.08% | 231.80% | 201.52% | 145.58% | -135.42% | 60.77% |
| EPS | $0.97 | $0.34 | $0.88 | $0.44 | $0.61 | $-1.85 | $0.02 | $0.79 | $2.20 | $-1.46 | $0.68 | $1.23 | $0.17 | $0.30 | $0.66 | $1.54 | $1.28 | $1.18 | $-0.78 | $0.00 |
| EPS Diluted | $0.97 | $0.34 | $0.90 | $0.44 | $0.61 | $-1.85 | $0.02 | $0.79 | $2.20 | $-1.46 | $0.68 | $1.23 | $0.17 | $0.30 | $0.66 | $1.54 | $1.28 | $1.18 | $-0.78 | $0.00 |
| Weighted Average Shares Outstanding | 62.89M | 57.73M | 57.73M | 49.51M | 49.51M | 43.94M | 42.72M | 41.68M | 39.96M | 79.85M | 79.54M | 39.63M | 39.49M | 39.37M | 39.24M | 39.12M | 38.99M | 38.78M | 38.67M | - |
| Weighted Average Shares Outstanding Diluted | 62.88M | 57.73M | 57.73M | 49.51M | 49.51M | 43.94M | 42.72M | 41.68M | 39.96M | 79.85M | 79.54M | 39.63M | 39.49M | 39.37M | 39.24M | 39.12M | 38.99M | 38.77M | 38.66M | - |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | June 30, 2024 | June 30, 2023 | June 30, 2022 | July 31, 2021 | July 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $519.00K | $798.00K | $42.35M | $296.00K | $488.00K |
| Short Term Investments | $1.89M | $1.35M | $9.66M | $1.95M | $25.91M |
| Cash and Short Term Investments | $2.41M | $798.00K | $42.35M | $296.00K | $488.00K |
| Net Receivables | $22.49M | $19.70M | $38.33M | $33.48M | $32.07M |
| Inventory | $- | $-1.35M | $-4.03M | $-1.95M | $-429.00K |
| Other Current Assets | $16.01M | $61.42M | $70.62M | $51.79M | $35.04M |
| Total Current Assets | $40.63M | $20.50M | $80.67M | $33.78M | $32.56M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $780.51M | $656.05M | $776.29M | $1.05B | $734.41M |
| Tax Assets | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $-780.51M | $-656.05M | $-776.29M | $-1.05B | $-734.41M |
| Total Non-Current Assets | $825.83M | $656.05M | $776.29M | $1.05B | $734.41M |
| Other Assets | $-49.22M | $20.50M | $635.00K | $19.07M | $9.93M |
| Total Assets | $817.24M | $697.05M | $857.60M | $1.11B | $776.90M |
| Account Payables | $40.85M | $10.19M | $31.71M | $49.58M | $65.19M |
| Short Term Debt | $- | $103.26M | $277.36M | $415.97M | $163.77M |
| Tax Payables | $9.00K | $22.00K | $- | $468.00K | $- |
| Deferred Revenue | $- | $-93.06M | $-245.65M | $-366.39M | $-98.58M |
| Other Current Liabilities | $-40.86M | $-113.47M | $-309.07M | $-466.02M | $-228.97M |
| Total Current Liabilities | $57.89M | $10.19M | $31.71M | $49.58M | $65.19M |
| Long Term Debt | $- | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $- | $103.26M | $31.71M | $415.97M | $163.77M |
| Other Liabilities | $158.30M | $32.16M | $261.12M | $34.23M | $38.45M |
| Total Liabilities | $158.30M | $145.61M | $324.53M | $499.79M | $267.41M |
| Preferred Stock | $1.07M | $23.55M | $23.52M | $23.52M | $23.52M |
| Common Stock | $1.00K | $- | $- | $- | $- |
| Retained Earnings | $-160.51M | $-179.42M | $-150.21M | $-17.10M | $-83.18M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $-0 | $0 | $0 |
| Other Total Stockholders Equity | $818.38M | $707.33M | $659.75M | $622.93M | $592.67M |
| Total Stockholders Equity | $658.94M | $551.44M | $533.07M | $605.83M | $509.49M |
| Total Equity | $658.94M | $551.44M | $533.07M | $605.83M | $509.49M |
| Total Liabilities and Stockholders Equity | $817.24M | $697.05M | $857.60M | $1.11B | $776.90M |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $817.24M | $697.05M | $857.60M | $1.11B | $776.90M |
| Total Investments | $780.51M | $656.05M | $776.29M | $1.05B | $734.41M |
| Total Debt | $113.06M | $103.26M | $277.36M | $415.97M | $163.77M |
| Net Debt | $112.54M | $102.46M | $235.01M | $415.68M | $163.28M |
Balance Sheet Charts
| Breakdown | December 31, 2024 | June 30, 2024 | December 31, 2023 | June 30, 2023 | December 31, 2022 | January 31, 2022 | July 31, 2021 | January 31, 2021 | July 31, 2020 | January 31, 2020 | July 31, 2019 | January 31, 2019 | July 31, 2018 | January 31, 2018 | July 31, 2017 | January 31, 2017 | July 31, 2016 | January 31, 2016 | January 31, 2015 | July 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $2.63M | $519.00K | $2.42M | $798.00K | $1.82M | $139.00K | $296.00K | $175.00K | $488.00K | $9.32M | $10.88M | $10.11M | $9.31M | $10.26M | $824.00K | $54.00K | $68.00K | $749.00K | $691.00K | $639.00K |
| Short Term Investments | $378.00K | $1.89M | $64.39M | $1.35M | $2.64M | $21.80M | $18.56M | $16.05M | $9.79M | $30.10M | $13.91M | $11.60M | $12.66M | $15.20M | $244.00K | $1.54M | $3.31M | $5.40M | $1.90M | $1.66M |
| Cash and Short Term Investments | $3.01M | $2.41M | $66.81M | $798.00K | $1.82M | $21.93M | $18.85M | $16.23M | $10.28M | $9.32M | $10.88M | $10.11M | $9.31M | $10.26M | $1.07M | $1.59M | $3.37M | $6.14M | $2.59M | $2.30M |
| Net Receivables | $39.69M | $22.49M | $19.59M | $19.70M | $33.70M | $46.59M | $33.48M | $30.05M | $32.07M | $60.37M | $27.24M | $15.66M | $10.97M | $25.75M | $20.87M | $20.06M | $24.25M | $23.78M | $25.10M | $10.47M |
| Inventory | $- | $- | $-983.00K | $-1.35M | $-813.00K | $-594.00K | $-1.95M | $-1.31M | $-429.00K | $-2.68M | $-1.92M | $-3.47M | $-679.00K | $-613.00K | $-244.00K | $-1.54M | $-3.31M | $-5.40M | $-1.90M | $-1.66M |
| Other Current Assets | $37.12M | $16.01M | $19.75M | $61.42M | $85.13M | $46.98M | $49.84M | $64.04M | $35.04M | $40.01M | $28.98M | $28.59M | $29.06M | $24.75M | $25.64M | $18.49M | $26.30M | $17.62M | $122.21M | $26.70M |
| Total Current Assets | $79.81M | $40.63M | $40.21M | $20.50M | $33.70M | $68.53M | $52.33M | $46.28M | $42.36M | $69.69M | $38.12M | $25.77M | $20.28M | $36.00M | $47.58M | $40.14M | $53.92M | $47.54M | $149.89M | $39.48M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $736.92M | $780.51M | $655.21M | $656.05M | $693.33M | $901.67M | $1.05B | $857.21M | $734.41M | $785.61M | $760.08M | $704.63M | $721.39M | $755.48M | $623.30M | $586.17M | $579.18M | $565.56M | $628.04M | $739.52M |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $33.44M | $- | $64.50M | $-656.05M | $-693.33M | $-901.67M | $-1.05B | $-857.21M | $-734.41M | $-785.61M | $-760.08M | $-704.63M | $-721.39M | $-755.48M | $87.90M | $98.77M | $92.42M | $58.78M | $244.00K | $49.00K |
| Total Non-Current Assets | $770.37M | $780.51M | $719.71M | $656.05M | $693.33M | $901.67M | $1.05B | $857.21M | $734.41M | $785.61M | $760.08M | $704.63M | $721.39M | $755.48M | $711.19M | $684.94M | $671.59M | $624.34M | $628.28M | $739.57M |
| Other Assets | $- | $-3.90M | $- | $20.50M | $27.31M | $587.00K | $509.00K | $346.00K | $134.00K | $129.00K | $122.00K | $121.00K | $121.00K | $105.00K | $- | $- | $- | $- | $- | $- |
| Total Assets | $850.18M | $817.24M | $759.92M | $697.05M | $754.34M | $970.78M | $1.11B | $903.83M | $776.90M | $855.42M | $798.32M | $730.53M | $741.79M | $791.59M | $758.77M | $725.08M | $725.51M | $671.88M | $778.17M | $779.05M |
| Account Payables | $52.15M | $40.85M | $6.64M | $10.19M | $23.38M | $37.88M | $49.58M | $39.07M | $65.19M | $31.47M | $13.09M | $12.73M | $13.51M | $12.00M | $19.78M | $8.27M | $12.02M | $15.38M | $6.32M | $1.59M |
| Short Term Debt | $32.95M | $- | $122.92M | $103.26M | $175.97M | $304.85M | $415.97M | $252.17M | $163.77M | $198.11M | $160.24M | $91.11M | $80.86M | $117.78M | $75.58M | $87.97M | $91.40M | $51.08M | $169.00K | $- |
| Tax Payables | $- | $9.00K | $11.00K | $22.00K | $- | $- | $468.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $-1.33M | $-93.06M | $-152.58M | $-266.97M | $-366.39M | $-213.10M | $-98.58M | $-166.64M | $-147.15M | $-78.38M | $-67.35M | $-105.78M | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $7.78M | $-40.86M | $-397.00K | $-113.47M | $-199.35M | $-342.73M | $-466.02M | $-291.24M | $-228.97M | $-229.57M | $-173.34M | $-103.85M | $-94.38M | $-129.78M | $8.01M | $7.50M | $6.31M | $4.91M | $7.67M | $4.89M |
| Total Current Liabilities | $92.89M | $- | $129.17M | $10.19M | $23.38M | $37.88M | $49.58M | $39.07M | $65.19M | $31.47M | $13.09M | $12.73M | $13.51M | $12.00M | $103.37M | $103.74M | $109.73M | $71.37M | $14.16M | $6.49M |
| Long Term Debt | $7.15M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1.60M | $3.31M | $4.30M | $6.40M | $1.35M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $2.61M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $604.00K | $515.00K | $3.36M | $8.08M | $7.51M | $2.23M |
| Total Non-Current Liabilities | $9.76M | $- | $7.52M | $103.26M | $23.38M | $37.88M | $415.97M | $252.17M | $163.77M | $198.02M | $159.97M | $91.11M | $80.78M | $117.78M | $3.79M | $2.11M | $6.68M | $12.38M | $13.90M | $3.58M |
| Other Liabilities | $- | $158.30M | $27.00K | $32.16M | $185.92M | $298.10M | $34.23M | $33.81M | $38.45M | $33.59M | $33.33M | $62.09M | $60.91M | $61.69M | $-3.79M | $- | $- | $- | $- | $- |
| Total Liabilities | $102.64M | $158.30M | $136.72M | $145.61M | $232.69M | $373.86M | $499.79M | $325.05M | $267.41M | $263.08M | $206.39M | $165.93M | $155.20M | $191.46M | $103.37M | $105.85M | $116.41M | $83.75M | $28.06M | $10.07M |
| Preferred Stock | $- | $1.07M | $12.97M | $23.55M | $23.52M | $23.52M | $23.52M | $23.52M | $23.52M | $23.52M | $23.52M | $55.52M | $55.52M | $55.52M | $55.54M | $55.53M | $55.53M | $55.53M | $169.00M | $169.00M |
| Common Stock | $1.00K | $1.00K | $1.00K | $- | $0 | $- | $- | $- | $- | $- | $- | $- | $- | $0 | $- | $- | $- | $- | $- | $- |
| Retained Earnings | $-140.61M | $-160.51M | $-161.47M | $-179.42M | $-168.55M | $-44.81M | $-17.10M | $-22.31M | $-83.18M | $1.94M | $4.06M | $-16.92M | $-1.88M | $-9.63M | $23.80M | $-10.56M | $-17.58M | $-37.02M | $31.91M | $53.18M |
| Accumulated Other Comprehensive Income Loss | $-0 | $- | $0 | $- | $-0 | $-0 | $0 | $0 | $0 | $-0 | $0 | $0 | $-0 | $-0 | $-0 | $0 | $-0 | $-0 | $0 | $0 |
| Other Total Stockholders Equity | $888.15M | $818.38M | $771.70M | $707.33M | $690.20M | $641.74M | $622.93M | $601.09M | $592.67M | $590.40M | $587.87M | $581.52M | $532.95M | $609.77M | $575.47M | $574.25M | $571.15M | $569.62M | $549.20M | $546.80M |
| Total Stockholders Equity | $747.54M | $658.94M | $623.21M | $551.44M | $521.65M | $596.93M | $605.83M | $578.78M | $509.49M | $592.34M | $591.93M | $564.60M | $586.59M | $600.12M | $654.80M | $619.23M | $609.10M | $588.13M | $750.11M | $768.98M |
| Total Equity | $747.54M | $658.94M | $623.21M | $551.44M | $521.65M | $596.93M | $605.83M | $578.78M | $509.49M | $592.34M | $591.93M | $564.60M | $586.59M | $600.12M | $654.80M | $619.23M | $609.10M | $588.13M | $750.11M | $768.98M |
| Total Liabilities and Stockholders Equity | $850.18M | $817.24M | $759.92M | $697.05M | $754.34M | $970.78M | $1.11B | $903.83M | $776.90M | $855.42M | $798.32M | $730.53M | $741.79M | $791.59M | $758.17M | $725.08M | $725.51M | $671.88M | $778.17M | $779.05M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $850.18M | $817.24M | $759.92M | $697.05M | $754.34M | $970.78M | $1.11B | $903.83M | $776.90M | $855.42M | $798.32M | $730.53M | $741.79M | $791.59M | $758.17M | $725.08M | $725.51M | $671.88M | $778.17M | $779.05M |
| Total Investments | $737.30M | $780.51M | $719.60M | $656.05M | $693.33M | $901.67M | $1.05B | $857.21M | $734.41M | $785.61M | $760.08M | $704.63M | $721.39M | $755.48M | $623.54M | $587.71M | $582.49M | $570.95M | $629.94M | $741.19M |
| Total Debt | $40.10M | $113.06M | $122.92M | $103.26M | $175.89M | $304.85M | $415.97M | $252.17M | $163.77M | $198.02M | $159.97M | $91.11M | $80.78M | $117.78M | $75.58M | $89.57M | $94.72M | $55.38M | $6.57M | $1.35M |
| Net Debt | $37.47M | $-519.00K | $120.50M | $102.46M | $174.07M | $304.71M | $415.68M | $251.99M | $163.28M | $188.70M | $149.09M | $81.00M | $71.46M | $107.52M | $74.75M | $89.52M | $94.65M | $54.63M | $5.88M | $710.00K |
Annual Cash Flow
| Breakdown | June 30, 2024 | June 30, 2023 | June 30, 2022 | July 31, 2021 | July 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $72.65M | $42.05M | $-87.62M | $120.75M | $-30.79M |
| Depreciation and Amortization | $- | $- | $- | $- | $- |
| Deferred Income Tax | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- |
| Change in Working Capital | $35.03M | $13.31M | $- | $-28.32M | $53.00M |
| Accounts Receivables | $-2.33M | $18.63M | $- | $-983.00K | $-1.00K |
| Inventory | $- | $- | $- | $- | $706.00K |
| Accounts Payables | $29.78M | $- | $- | $61.00K | $-58.00K |
| Other Working Capital | $7.58M | $-5.32M | $- | $-27.33M | $52.36M |
| Other Non Cash Items | $-119.36M | $118.29M | $87.62M | $-320.67M | $27.26M |
| Net Cash Provided by Operating Activities | $-11.68M | $173.66M | $- | $-228.23M | $49.47M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $-697.76M | $-295.86M |
| Sales Maturities of Investments | $- | $- | $- | $480.58M | $262.23M |
| Other Investing Activities | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $- | $- | $-217.18M | $-33.62M |
| Debt Repayment | $-339.00K | $-175.47M | $- | $252.44M | $3.57M |
| Common Stock Issued | $96.89M | $63.27M | $- | $25.19M | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $-64.09M | $-62.78M | $- | $-49.80M | $-51.62M |
| Other Financing Activities | $-21.05M | $63.27M | $- | $-46.00K | $-269.00K |
| Net Cash Used Provided by Financing Activities | $11.40M | $-174.98M | $- | $227.79M | $-48.33M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $33.62M |
| Net Change in Cash | $-279.00K | $-1.32M | $- | $-443.00K | $1.15M |
| Cash at End of Period | $519.00K | $798.00K | $2.12M | $1.56M | $2.00M |
| Cash at Beginning of Period | $798.00K | $2.12M | $1.56M | $2.00M | $857.00K |
| Operating Cash Flow | $-11.68M | $173.66M | $- | $-228.23M | $49.47M |
| Capital Expenditure | $- | $- | $- | $- | $- |
| Free Cash Flow | $-11.68M | $173.66M | $- | $-228.23M | $49.47M |
Cash Flow Charts
| Breakdown | December 31, 2024 | June 30, 2024 | December 31, 2023 | June 30, 2023 | December 31, 2022 | June 30, 2022 | January 31, 2022 | July 31, 2021 | January 31, 2021 | July 31, 2020 | January 31, 2020 | July 31, 2019 | January 31, 2019 | July 31, 2018 | January 31, 2018 | July 31, 2017 | January 31, 2017 | July 31, 2016 | January 31, 2016 | July 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $60.83M | $19.74M | $52.90M | $22.50M | $19.55M | $-88.41M | $789.00K | $32.83M | $87.93M | $-58.19M | $27.40M | $48.67M | $6.61M | $11.69M | $25.85M | $60.27M | $49.78M | $7.67M | $7.67M | $9.22M |
| Depreciation and Amortization | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $-19.94M | $6.60M | $6.59M | $17.75M | $21.70M | $27.49M | $-27.49M | $3.16M | $-31.46M | $67.49M | $-15.20M | $-2.78M | $515.00K | $16.94M | $-2.46M | $-7.72M | $5.08M | $-8.98M | $-8.98M | $-14.70M |
| Accounts Receivables | $-17.84M | $-3.52M | $1.19M | $13.33M | $5.30M | $13.53M | $-13.53M | $-3.10M | $2.12M | $18.00K | $-19.00K | $-893.00K | $-174.00K | $-97.00K | $84.00K | $-814.00K | $4.19M | $-8.98M | $-8.98M | $-14.70M |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $67.27M | $-3.85M | $- | $-8.56M | $11.87M | $-11.87M | $26.23M | $-26.17M | $-18.41M | $18.35M | $823.00K | $-806.00K | $-10.00K | $16.00K | $-22.96M | $- | $- | $- | $- |
| Other Working Capital | $-2.09M | $-57.16M | $9.25M | $4.42M | $24.95M | $2.09M | $-2.09M | $-19.97M | $-7.40M | $85.89M | $-33.53M | $-2.71M | $1.50M | $17.04M | $-2.56M | $-6.91M | $890.00K | $8.98M | $8.98M | $14.70M |
| Other Non Cash Items | $2.40M | $-27.14M | $-29.41M | $21.34M | $6.08M | $40.80M | $46.82M | $-33.16M | $-41.72M | $98.58M | $-21.07M | $-26.63M | $15.43M | $8.98M | $-5.68M | $-14.70M | $-11.82M | $-7.67M | $-7.67M | $-9.22M |
| Net Cash Provided by Operating Activities | $43.29M | $-797.00K | $27.41M | $61.60M | $44.08M | $5.29M | $-5.29M | $25.96M | $-9.30M | $89.48M | $9.47M | $19.19M | $21.57M | $37.50M | $17.82M | $37.85M | $43.04M | $7.53M | $7.53M | $18.30M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $-210.11M | $-96.36M | $- | $-117.67M | $309.78M | $-309.78M | $-418.37M | $-279.39M | $-207.75M | $-88.11M | $-103.66M | $-93.21M | $-64.11M | $-110.34M | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $163.25M | $85.85M | $- | $213.85M | $-429.15M | $429.15M | $251.84M | $228.74M | $177.67M | $84.56M | $72.54M | $88.49M | $101.74M | $83.82M | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $-46.86M | $-10.51M | $- | $96.18M | $-119.36M | $119.36M | $-166.53M | $-50.65M | $-30.08M | $-3.55M | $-31.12M | $-4.72M | $15.40M | $-26.52M | $- | $- | $- | $- | $- |
| Debt Repayment | $- | $- | $5.32M | $- | $-107.86M | $- | $- | $- | $- | $-31.90M | $- | $- | $- | $-34.94M | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $- | $- | $- | $-16.22M | $16.22M | $-6.01M | $6.01M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-27.84M | $-6.96M | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-35.93M | $-66.35M | $-30.92M | $-29.25M | $-33.53M | $25.58M | $-25.58M | $-25.11M | $-24.69M | $-24.65M | $-26.97M | $-25.49M | $-28.59M | $-25.20M | $-24.98M | $-24.68M | $-39.63M | $- | $- | $-39.60M |
| Other Financing Activities | $-5.25M | $82.05M | $35.33M | $-33.36M | $25.67M | $- | $- | $170.32M | $47.29M | $- | $18.90M | $28.08M | $19.41M | $- | $21.09M | $-12.39M | $-3.43M | $- | $- | $2.40M |
| Net Cash Used Provided by Financing Activities | $-41.18M | $15.70M | $9.73M | $-62.61M | $-115.71M | $119.70M | $-119.70M | $157.76M | $70.75M | $-56.55M | $11.67M | $15.34M | $-19.80M | $-60.14M | $17.20M | $-37.08M | $-43.05M | $- | $- | $-37.20M |
| Effect of Forex Changes on Cash | $- | $- | $-26.03M | $- | $-24.73M | $- | $- | $- | $- | $- | $56.75K | $- | $-8.75K | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $2.63M | $-1.91M | $609.00K | $-509.00K | $255.00K | $109.00K | $- | $141.00K | $-584.00K | $2.86M | $286.75K | $192.00K | $-263.00K | $-7.23M | $271.25K | $856.00K | $189.00K | $-16.55M | $-16.55M | $-18.90M |
| Cash at End of Period | $2.63M | $519.00K | $2.42M | $1.31M | $1.82M | $2.12M | $2.01M | $1.56M | $1.42M | $2.00M | $501.00K | $192.00K | $214.25K | $-5.05M | $477.25K | $756.00K | $206.00K | $-15.47M | $-15.47M | $-18.90M |
| Cash at Beginning of Period | $- | $2.42M | $1.82M | $1.82M | $1.56M | $2.01M | $1.42M | $1.42M | $2.00M | $-855.00K | $214.25K | $-0 | $477.25K | $2.18M | $206.00K | $-100.00K | $17.00K | $1.08M | $1.08M | $- |
| Operating Cash Flow | $43.29M | $-797.00K | $27.41M | $61.60M | $44.08M | $5.29M | $-5.29M | $25.96M | $-9.30M | $89.48M | $9.47M | $19.19M | $21.57M | $37.50M | $17.82M | $37.85M | $43.04M | $7.53M | $7.53M | $18.30M |
| Capital Expenditure | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Free Cash Flow | $43.29M | $-797.00K | $27.41M | $61.60M | $44.08M | $5.29M | $-5.29M | $25.96M | $-9.30M | $89.48M | $9.47M | $19.19M | $21.57M | $37.50M | $17.82M | $37.85M | $43.04M | $7.53M | $7.53M | $18.30M |
PIMCO Corporate & Income Strategy Fund Dividends
Explore PIMCO Corporate & Income Strategy Fund's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
8.26%
Dividend Payout Ratio
88.23%
Dividend Paid & Capex Coverage Ratio
-0.18x
PIMCO Corporate & Income Strategy Fund Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.1125 | $0.1125 | April 11, 2025 | April 11, 2025 | May 01, 2025 | |
| $0.1125 | $0.1125 | March 13, 2025 | March 13, 2025 | April 01, 2025 | March 03, 2025 |
| $0.1125 | $0.1125 | February 13, 2025 | February 13, 2025 | March 03, 2025 | February 03, 2025 |
| $0.1125 | $0.1125 | January 13, 2025 | January 13, 2025 | February 03, 2025 | January 02, 2025 |
| $0.1125 | $0.1125 | December 12, 2024 | December 12, 2024 | January 02, 2025 | December 02, 2024 |
| $0.1125 | $0.1125 | November 12, 2024 | November 12, 2024 | December 02, 2024 | November 01, 2024 |
| $0.1125 | $0.1125 | October 11, 2024 | October 11, 2024 | November 01, 2024 | October 01, 2024 |
| $0.1125 | $0.1125 | September 13, 2024 | September 13, 2024 | October 01, 2024 | September 03, 2024 |
| $0.1125 | $0.1125 | August 12, 2024 | August 12, 2024 | September 03, 2024 | August 01, 2024 |
| $0.1125 | $0.1125 | July 11, 2024 | July 11, 2024 | August 01, 2024 | July 01, 2024 |
| $0.1125 | $0.1125 | June 13, 2024 | June 13, 2024 | July 01, 2024 | June 03, 2024 |
| $0.1125 | $0.1125 | May 10, 2024 | May 13, 2024 | June 03, 2024 | May 01, 2024 |
| $0.1125 | $0.1125 | April 10, 2024 | April 11, 2024 | May 01, 2024 | April 01, 2024 |
| $0.1125 | $0.1125 | March 08, 2024 | March 11, 2024 | April 01, 2024 | March 01, 2024 |
| $0.1125 | $0.1125 | February 09, 2024 | February 12, 2024 | March 01, 2024 | February 01, 2024 |
| $0.1125 | $0.1125 | January 11, 2024 | January 12, 2024 | February 01, 2024 | January 02, 2024 |
| $0.1125 | $0.1125 | December 08, 2023 | December 11, 2023 | January 02, 2024 | December 01, 2023 |
| $0.1125 | $0.1125 | November 10, 2023 | November 13, 2023 | December 01, 2023 | November 01, 2023 |
| $0.1125 | $0.1125 | October 11, 2023 | October 12, 2023 | November 01, 2023 | October 02, 2023 |
| $0.1125 | $0.1125 | September 08, 2023 | September 11, 2023 | October 02, 2023 | September 01, 2023 |
PIMCO Corporate & Income Strategy Fund News
Read the latest news about PIMCO Corporate & Income Strategy Fund, including recent articles, headlines, and updates.
My Income Portfolio: Financial Awareness
The essence of financial awareness is to realize that money can work for us through our investments. Understanding the value of money is the first step toward financial education, which leads to the selection of the most appropriate tools for developing that awareness. In my case, the instruments I have adopted are largely high-income vehicles, with monthly and, in some cases, quarterly distribution.
PCN: Making Smart Moves, But Still Very Expensive
The PIMCO Corporate & Income Strategy Fund offers a high 9.93% yield, and outperformed major fixed-income indices and peers in total return over the past five years. Rising inflation and a potential economic slowdown suggest that bonds may not be the best holding for an investor today. The fund's recent risk-off strategy and reduced corporate bond exposure reflect a cautious approach amid market turbulence and economic uncertainties.
Very Bad News For Closed-End Funds
Closed-end funds offer unique opportunities due to their discount/premium mechanisms, allowing share prices to deviate from net asset value per share in a wild manner. In general, CEFs often provide diverse exposure across equity and fixed-income portfolios, and they even offer exposure to hybrid portfolios, but also allowing for sector-specific exposure. One important note is that not all premiums or discounts indicate a buying or selling opportunity; instead, it can make more sense to examine relative value over historical periods.
My 9.5% Income Portfolio-Like Mosaic Tiles
Our investments, usually conceived and implemented gradually over time, are the pieces of a personal mosaic that form the whole of our assets. One solution for entering the financial markets can be Dollar-Cost Averaging (DCA), a form of investing a constant amount at regular intervals. However, initiating a plan to buy stocks according to the logic of DCA presupposes awareness of the fluctuations in financial markets and their psychological implications.
PIMCO Closed-End Funds Declare Monthly Common Share Distributions
NEW YORK, Feb. 03, 2025 (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 March 3, 2025 to shareholders of record on February 13, 2025, with an ex-dividend date of February 13, 2025.
Clean-Seas West Virginia Signs Long-Term Lease for Its PCN Facility in Belle, West Virginia
LOS ANGELES, CA / ACCESS Newswire / January 27, 2025 / Clean Vision Corporation (OTCQB:CLNV) ("Clean Vision" or the "Company"), through its subsidiary Clean-Seas West Virginia, Inc. ("Clean-Seas West Virginia"), proudly announces Clean-Seas West Virginia's signing of a long-term lease for a Plastic Conversion Network ("PCN") facility located in Belle, West Virginia (the "Belle Facility"). The Belle Facility will be the Company's first PCN located in the United States, marking a significant step in the Company's mission to transform plastic waste into sustainable energy solutions.
My 9.5% Income Portfolio: Better With Less, But Better
Risk is the probability of a negative event in the future. An abstract concept that is not measurable; otherwise it would not be risk. Ascertaining value is the first step in controlling risk, that is, in reducing the possibility of incurring losses that cannot be predicted in advance. My choice to invest in securities with positive NAV performance over time is a way to try to control risk.
PIMCO CEF Update: Muni CEF Coverage Mystery Is Solved, Sort Of
PIMCO Muni CEF distribution coverage levels have sharply fallen to around 80%, correcting previously inflated figures likely due to calculation errors. Taxable PIMCO CEFs delivered strong returns, with PAXS and PDO benefiting from the CMBS market recovery, and PGP supported by its equity sleeve. Further NAV falls may pressure future distributions due to lack of retained income.
PCN: Interest Rates And Inflation Likely To Pressure Bonds And Bond Funds
The PIMCO Corporate & Income Strategy Fund offers a high yield of 10.05%, primarily due to its use of leverage, making it attractive for income-focused investors. The PCN closed-end fund's recent performance has been disappointing due to rising inflation expectations, leading to a 4.75% decline in share price since early October. The Federal Reserve's hawkish stance and inflation concerns suggest bond prices may fall further, posing a challenge for the fund's future performance.
My 9.5% Income Portfolio CEFs And Classic Cars
Closed-end funds are special income vehicles, with many positive aspects and just as many weaknesses that take time to be properly understood and evaluated. I discovered their existence about ten years ago, and over time, I became convinced of their worth by developing a personal method of selection based mainly on NAV performance. This is an analytical, data-driven approach which I then extended to other types of securities in my portfolio, namely ETFs and BDCs.
My 9.5% Income Portfolio-Fifty Shades Of Blue
My portfolio includes CEFs, ETFs, a few BDCs and an ETN, for whose selection I have developed over the years a criterion based mainly on NAV performance. In this article, however, I decided to focus on the price of each security in my portfolio, comparing it with the lows and highs touched throughout its history. An overview of the path each one has taken from launch to current market quotation with a personal assessment of the possible room for maneuver from those values.
PCN: Inflation Brings Downside Risks
PIMCO Corporate & Income Strategy Fund offers a high yield of 9.44%, outperforming peers and providing substantial income for investors. Inflation poses risks to bond funds like this one, potentially impacting the fund's future performance and distribution sustainability. Long-term interest rates rose last week, which could suggest that the market is starting to doubt the "victory over inflation" narrative.
PIMCO Update | Sept 2024 | Muni Coverage Jumps (Maybe), Taxables See Significant ATM Benefit
The best taxable closed-end funds are PHK, PFN, and at slightly cheaper valuations, PDI and PCN; best munis are PMF, NY funds, and PCK in CA. Distributions are safe due to funds monetizing premiums via at-the-market offerings, supplementing net investment income. Coverage ratios for muni CEFs may be overstated; future UNII reports will clarify the impact of new leverage costs.
PCN: This Is A Good Bond CEF, But Do Not Ignore The Risks
The PIMCO Corporate & Income Strategy Fund offers a high yield of 10.04%, beating inflation, but bonds may not hold value in an inflationary environment. The fund's leverage is lower than peers, reducing risk for investors concerned about principal preservation. Despite consistent distributions, the fund struggled to cover them in 2024, and shares are trading at a high premium, suggesting caution for potential investors.
PIMCO Update May 2024 - PDX Levers Up
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.
Building A 10% Income Portfolio Today
Six years ago, I wrote my first article on investing, in which I outlined the criteria that had guided me when constructing my first income portfolio. I have tried to retrace here the steps leading up to that article and then subsequent developments in creating my current portfolio. Today, I favor CEFs and ETFs that, in addition to providing regular income, show a positive NAV performance since inception, thereby demonstrating their ability to also generate value over time.
Closed-End Funds: 2024 Revisit Of Funds That Never Cut Distributions With Inception Pre-2008
Closed-end funds tend to cut their payouts over time due to negative consequences of leverage during market crashes, leading to potential permanent capital destruction. Today, we are looking to revisit the six funds that have inceptions prior to the 2008/09 Global Financial Crisis that have still never cut their regular distributions. A long history of no-cuts can be important for income-focused investors, but we also examine coverage and valuations to determine whether they are worth exploring further.
PIMCO CEF Update: Income Volatility And Yield Curve Risk
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 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.
PCN: Good Bond CEF With Fully-Covered Distribution, But Huge Premium Is Problematic
The PIMCO Corporate & Income Strategy Fund offers a competitive 9.88% distribution yield, higher than many of its peers. The PCN closed-end fund has underperformed the Bloomberg U.S. Aggregate Bond Index in terms of price performance over the past six months. The fund's high premium to net asset value and potential weakness in the bond market suggest a "hold" rating.
Pimco Closed-End Funds Declare Monthly Common Share Distributions
NEW YORK, March 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 April 1, 2024 to shareholders of record on March 11, 2024, with an ex-dividend date of March 8, 2024.
My 9% Income Portfolio-In Search For Happiness
For those who invest for dividends, the goal is to look for securities that can guarantee sustainable dividends and distributions over time. Choices about how to deploy the income generated by those instruments are personal and depend on each investor's needs, financial means, and age.
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