PIMCO High Income Fund Key Executives
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PIMCO High Income Fund Earnings
This section highlights PIMCO High Income Fund's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
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| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|
PIMCO High Income 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 public fixed income markets across the globe. The fund invests in U.S. dollar denominated high-yield corporate debt obligations. It employs fundamental analysis along with a top down stock picking approach to make its investments. PIMCO High Income Fund was formed on April 30, 2003 and is domiciled in the United States.
$4.69
Stock Price
$733.88M
Market Cap
-
Employees
Newport Beach, CA
Location
Financial Statements
Access annual & quarterly financial statements for PIMCO High Income 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 | $81.53M | $51.26M | $-90.38M | $197.97M | $-86.68M |
| Cost of Revenue | $- | $17.37M | $8.02M | $8.49M | $12.83M |
| Gross Profit | $81.53M | $33.88M | $-98.40M | $189.48M | $-99.52M |
| Gross Profit Ratio | 100.00% | 66.11% | 108.87% | 95.71% | 114.80% |
| Research and Development Expenses | $- | $0 | $-1 | $3 | $1 |
| General and Administrative Expenses | $5.81M | $558.00K | $189.00K | $244.00K | $188.00K |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $5.81M | $558.00K | $189.00K | $244.00K | $188.00K |
| Other Expenses | $- | $147.97M | $57.00K | $53.00K | $58.00K |
| Operating Expenses | $5.81M | $591.00K | $246.00K | $297.00K | $246.00K |
| Cost and Expenses | $5.81M | $591.00K | $246.00K | $297.00K | $246.00K |
| Interest Income | $73.81M | $83.30M | $69.25M | $79.81M | $95.12M |
| Interest Expense | $14.09M | $11.75M | $2.19M | $2.10M | $6.50M |
| Depreciation and Amortization | $-75.72M | $167.90K | $-71.86M | $-76.71M | $-91.77M |
| EBITDA | $- | $50.67M | $-89.78M | $- | $-86.93M |
| EBITDA Ratio | 0.00% | 98.85% | 99.33% | 0.00% | 100.28% |
| Operating Income | $75.72M | $50.67M | $-88.44M | $197.68M | $-86.93M |
| Operating Income Ratio | 92.87% | 98.85% | 97.85% | 99.85% | 100.28% |
| Total Other Income Expenses Net | $16.91M | $7.96M | $- | $- | $45.07M |
| Income Before Tax | $92.64M | $50.67M | $-90.63M | $197.68M | $-86.93M |
| Income Before Tax Ratio | 113.62% | 98.85% | 100.27% | 99.85% | 100.28% |
| Income Tax Expense | $- | $3.53M | $71.86M | $77.44M | $88.68M |
| Net Income | $92.64M | $50.67M | $-90.63M | $197.68M | $-86.93M |
| Net Income Ratio | 113.62% | 98.85% | 100.27% | 99.85% | 100.28% |
| EPS | $0.55 | $0.38 | $-0.67 | $1.49 | $-0.66 |
| EPS Diluted | $0.57 | $0.38 | $-0.67 | $1.49 | $-0.66 |
| Weighted Average Shares Outstanding | 163.82M | 133.02M | 135.56M | 133.02M | 132.56M |
| Weighted Average Shares Outstanding Diluted | 158.19M | 133.02M | 135.56M | 133.02M | 132.56M |
| SEC Filing | Source | Source | Source | Source | Source |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $49.23M | $42.16M | $40.92M | $16.45M | $118.06M | $65.59M | $112.46M | $41.51M | $16.26M | $-41.12M | $-77.80M | $55.34M | $48.98M | $46.21M | $46.92M | $47.91M | $48.35M | $58.58M | $44.23M | $44.54M |
| Cost of Revenue | $- | $10.45M | $18.87M | $8.95M | $8.42M | $3.82M | $4.20M | $4.31M | $4.19M | $4.86M | $7.97M | $7.87M | $- | $- | $- | $- | $- | $- | $- | $- |
| Gross Profit | $49.23M | $31.70M | $22.05M | $7.51M | $109.63M | $61.77M | $108.27M | $37.20M | $12.07M | $-45.97M | $-85.78M | $47.47M | $48.98M | $46.21M | $46.92M | $47.91M | $48.35M | $58.58M | $44.23M | $44.54M |
| Gross Profit Ratio | 100.00% | 75.20% | 53.89% | 45.62% | 92.87% | 94.17% | 96.27% | 89.62% | 74.25% | 111.81% | 110.25% | 85.77% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $3.09M | $2.97M | $2.84M | $- | $1.40M | $- | $- | $1.67M | $1.54M | $1.44M | $1.74M | $1.86M | $3.67M | $3.76M | $3.95M | $3.89M | $3.77M | $3.60M | $4.44M | $5.02M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $3.09M | $2.97M | $2.84M | $- | $1.40M | $- | $- | $1.67M | $1.54M | $1.44M | $1.74M | $1.86M | $3.67M | $3.76M | $3.95M | $3.89M | $3.77M | $3.60M | $4.44M | $5.02M |
| Other Expenses | $- | $- | $126.01M | $14.45M | $-79.03M | $-150.06M | $-109.75M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $3.09M | $2.97M | $23.14M | $14.45M | $8.96M | $150.06M | $-109.75M | $13.03M | $48.36M | $73.78M | $7.07M | $18.72M | $43.77M | $10.37M | $8.27M | $50.64M | $35.47M | $45.76M | $103.78M | $5.02M |
| Cost and Expenses | $3.09M | $13.59M | $23.14M | $-5.50M | $87.45M | $153.88M | $113.95M | $-9.53M | $-129.65M | $81.50M | $-116.57M | $-26.59M | $43.77M | $10.37M | $8.27M | $50.64M | $35.47M | $45.76M | $103.78M | $5.02M |
| Interest Income | $- | $- | $- | $- | $1.90M | $- | $- | $8.34M | $4.22M | $8.96M | $2.72M | $165.50K | $- | $- | $- | $5.32M | $13.68M | $13.87M | $877.00K | $- |
| Interest Expense | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Depreciation and Amortization | $-46.13M | $- | $-38.08M | $43.81K | $-19.81M | $54.88K | $- | $-18.68M | $-19.68M | $-20.02M | $-25.86M | $-20.69M | $-45.30M | $-42.45M | $-42.97M | $-44.02M | $-44.58M | $-54.97M | $-39.80M | $-39.52M |
| EBITDA | $- | $28.56M | $23.77M | $21.95M | $30.61M | $-88.29M | $-1.49M | $51.04M | $145.91M | $-122.61M | $38.77M | $81.93M | $-23.76M | $21.59M | $- | $59.12M | $25.18M | $35.19M | $-98.69M | $- |
| EBITDA Ratio | 0.00% | 67.76% | 58.08% | 133.42% | 25.93% | -134.61% | -1.32% | 122.95% | 897.28% | 298.20% | -49.83% | 148.05% | -48.52% | 46.71% | 0.00% | 123.41% | 52.08% | 60.07% | -223.10% | 0.00% |
| Operating Income | $46.13M | $28.56M | $38.08M | $21.95M | $30.61M | $-88.29M | $-1.49M | $51.04M | $145.91M | $-122.61M | $38.77M | $81.93M | $45.30M | $42.45M | $42.97M | $44.02M | $44.58M | $54.97M | $39.80M | $39.52M |
| Operating Income Ratio | 93.72% | 67.76% | 93.06% | 133.42% | 25.93% | -134.61% | -1.32% | 122.95% | 897.28% | 298.20% | -49.83% | 148.05% | 92.50% | 91.87% | 91.59% | 91.88% | 92.20% | 93.85% | 89.97% | 88.73% |
| Total Other Income Expenses Net | $24.76M | $107.00K | $89.85M | $432.00K | $-2.33M | $-2.86M | $2.02M | $-966.00K | $1.70M | $54.00K | $-3.14M | $299.00K | $-35.49M | $-11.12M | $4.47M | $163.73M | $95.70M | $35.49M | $-98.46M | $9.85M |
| Income Before Tax | $70.89M | $28.67M | $63.97M | $22.39M | $28.28M | $-91.16M | $529.00K | $50.07M | $147.60M | $-122.56M | $35.63M | $82.23M | $9.81M | $31.33M | $47.44M | $103.87M | $70.14M | $90.46M | $-58.67M | $49.37M |
| Income Before Tax Ratio | 144.02% | 68.01% | 156.31% | 136.05% | 23.95% | -138.98% | 0.47% | 120.63% | 907.71% | 298.07% | -45.79% | 148.59% | 20.03% | 67.80% | 101.11% | 216.82% | 145.06% | 154.43% | -132.63% | 110.85% |
| Income Tax Expense | $- | $- | $38.08M | $-43.81K | $19.81M | $-54.88K | $- | $18.68M | $19.68M | $20.02M | $25.86M | $20.69M | $-35.49M | $-11.12M | $4.47M | $59.86M | $25.56M | $35.49M | $-98.46M | $- |
| Net Income | $70.89M | $28.67M | $61.85M | $22.39M | $28.28M | $-91.16M | $529.00K | $50.07M | $147.60M | $-122.56M | $35.63M | $82.23M | $8.06M | $29.97M | $46.43M | $103.14M | $69.77M | $90.16M | $-58.89M | $49.37M |
| Net Income Ratio | 144.02% | 68.01% | 151.14% | 136.05% | 23.95% | -138.98% | 0.47% | 120.63% | 907.71% | 298.07% | -45.79% | 148.59% | 16.45% | 64.87% | 98.97% | 215.29% | 144.28% | 153.92% | -133.14% | 110.85% |
| EPS | $0.42 | $0.17 | $0.40 | $0.14 | $0.19 | $-0.67 | $0.00 | $0.38 | $1.11 | $-0.93 | $0.27 | $0.63 | $0.06 | $0.24 | $0.36 | $0.80 | $0.54 | $0.72 | $-0.46 | $0.39 |
| EPS Diluted | $0.42 | $0.17 | $0.40 | $0.14 | $0.19 | $-0.67 | $0.00 | $0.38 | $1.11 | $-0.93 | $0.27 | $0.63 | $0.06 | $0.24 | $0.36 | $0.80 | $0.54 | $0.72 | $-0.46 | $0.39 |
| Weighted Average Shares Outstanding | 167.95M | 158.19M | 151.76M | 147.97M | 139.46M | 135.55M | 134.57M | 133.25M | 132.94M | 132.31M | 131.68M | 131.02M | 130.31M | 129.59M | 128.87M | 128.18M | 127.53M | 126.84M | 126.19M | 125.94M |
| Weighted Average Shares Outstanding Diluted | 167.89M | 164.63M | 151.76M | 147.97M | 139.46M | 135.55M | 134.57M | 133.25M | 132.94M | 132.31M | 131.68M | 131.02M | 130.31M | 129.59M | 128.87M | 128.18M | 127.53M | 126.83M | 126.19M | 125.15M |
| 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 | $140.00K | $2.56M | $36.53M | $32.43M | $25.47M |
| Short Term Investments | $5.03M | $54.70M | $39.91M | $35.16M | $66.52M |
| Cash and Short Term Investments | $5.17M | $2.56M | $36.53M | $32.43M | $25.47M |
| Net Receivables | $21.05M | $25.60M | $32.47M | $38.19M | $112.36M |
| Inventory | $- | $82.86M | $-12.88M | $-5.40M | $-1.60M |
| Other Current Assets | $32.27M | $-137.56M | $102.72M | $105.33M | $133.80M |
| Total Current Assets | $58.49M | $28.16M | $69.00M | $70.62M | $137.83M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $864.33M | $793.33M | $934.78M | $1.31B | $967.01M |
| Tax Assets | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $- | $-793.33M | $-934.78M | $-1.31B | $-967.01M |
| Total Non-Current Assets | $864.33M | $793.33M | $934.78M | $1.31B | $967.01M |
| Other Assets | $-23.60M | $18.34M | $13.00K | $10.00K | $8.00K |
| Total Assets | $899.22M | $839.82M | $1.00B | $1.38B | $1.10B |
| Account Payables | $34.48M | $18.74M | $38.08M | $38.23M | $133.99M |
| Short Term Debt | $- | $- | $- | $- | $- |
| Tax Payables | $12.00K | $30.00K | $- | $624.00K | $- |
| Deferred Revenue | $34.45M | $18.49M | $-205.33M | $-440.83M | $133.69M |
| Other Current Liabilities | $-68.94M | $-18.52M | $-38.08M | $-38.86M | $-133.99M |
| Total Current Liabilities | $- | $18.74M | $38.08M | $38.23M | $133.99M |
| Long Term Debt | $4.28M | $- | $- | $- | $704.00K |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- | $- | $-704.00K |
| Total Non-Current Liabilities | $4.28M | $82.19M | $38.08M | $479.06M | $233.88M |
| Other Liabilities | $176.60M | $71.85M | $229.14M | $15.79M | $14.78M |
| Total Liabilities | $176.60M | $172.78M | $305.29M | $533.09M | $382.65M |
| Preferred Stock | $1.68M | $58.05M | $58.05M | $58.05M | $58.05M |
| Common Stock | $2.00K | $1.00K | $1.00K | $1.00K | $1.00K |
| Retained Earnings | $-362.50M | $-378.89M | $-344.88M | $-183.09M | $-323.39M |
| Accumulated Other Comprehensive Income Loss | $- | $-58.05M | $- | $0 | $- |
| Other Total Stockholders Equity | $1.08B | $1.10B | $985.32M | $975.86M | $987.53M |
| Total Stockholders Equity | $722.61M | $667.04M | $698.50M | $850.82M | $722.19M |
| Total Equity | $722.61M | $667.04M | $698.50M | $850.82M | $722.19M |
| Total Liabilities and Stockholders Equity | $899.22M | $839.82M | $1.00B | $1.38B | $1.10B |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $899.22M | $839.82M | $1.00B | $1.38B | $1.10B |
| Total Investments | $864.33M | $793.33M | $934.78M | $1.31B | $967.01M |
| Total Debt | $123.83M | $82.19M | $243.41M | $479.06M | $233.88M |
| Net Debt | $-140.00K | $79.64M | $206.88M | $446.63M | $208.41M |
Balance Sheet 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 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $3.53M | $140.00K | $3.19M | $2.56M | $25.94M | $2.54M | $25.88M | $32.43M | $32.68M | $25.47M | $23.61M | $24.92M | $20.83M | $32.05M | $22.10M | $1.85M | $625.00K | $256.00K | $201.00K | $526.00K |
| Short Term Investments | $1.14M | $5.03M | $5.31M | $54.70M | $103.34M | $39.91M | $46.52M | $35.16M | $32.92M | $66.52M | $29.65M | $24.70M | $12.41M | $1.98M | $2.90M | $4.19M | $8.41M | $11.75M | $29.12M | $2.22M |
| Cash and Short Term Investments | $4.67M | $102.80M | $8.50M | $2.56M | $25.94M | $42.45M | $25.88M | $32.43M | $32.68M | $25.47M | $23.61M | $24.92M | $20.83M | $32.05M | $22.10M | $6.04M | $9.03M | $12.01M | $29.32M | $2.75M |
| Net Receivables | $36.60M | $21.05M | $18.41M | $25.60M | $32.64M | $32.47M | $70.32M | $38.19M | $94.19M | $112.36M | $86.38M | $57.63M | $30.47M | $52.25M | $21.40M | $34.55M | $35.90M | $12.99M | $25.50M | $49.37M |
| Inventory | $- | $- | $-2.53M | $82.86M | $-2.05M | $- | $119.28M | $-5.40M | $-4.64M | $-1.60M | $-15.53M | $-7.75M | $-12.41M | $-1.98M | $-2.90M | $-4.19M | $-8.41M | $-11.75M | $-29.12M | $-2.22M |
| Other Current Assets | $29.14M | $32.27M | $49.45M | $-137.56M | $178.88M | $-74.92M | $-142.37M | $105.33M | $101.56M | $133.80M | $90.08M | $120.34M | $71.02M | $120.74M | $55.76M | $94.58M | $66.58M | $51.49M | $60.23M | $100.34M |
| Total Current Assets | $70.41M | $58.49M | $55.50M | $28.16M | $58.58M | $- | $96.20M | $70.62M | $126.86M | $137.83M | $109.98M | $82.55M | $51.30M | $84.30M | $43.50M | $130.98M | $103.11M | $64.74M | $85.93M | $150.23M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $716.44M | $864.33M | $851.14M | $793.33M | $849.60M | $893.11M | $1.07B | $1.31B | $1.15B | $967.01M | $1.11B | $1.14B | $1.04B | $1.10B | $1.14B | $856.83M | $826.78M | $887.70M | $886.36M | $1.20B |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $172.25M | $- | $-851.14M | $-793.33M | $-849.60M | $35.77M | $-1.07B | $-1.31B | $-1.15B | $-967.01M | $-1.11B | $-1.14B | $-1.04B | $-1.10B | $-1.14B | $192.18M | $286.80M | $180.90M | $113.62M | $45.00K |
| Total Non-Current Assets | $888.69M | $864.33M | $839.14M | $793.33M | $849.60M | $- | $1.07B | $1.31B | $1.15B | $967.01M | $1.11B | $1.14B | $1.04B | $1.10B | $1.14B | $1.05B | $1.11B | $1.07B | $999.98M | $1.20B |
| Other Assets | $- | $-23.60M | $- | $18.34M | $2.60M | $1.00B | $3.00K | $10.00K | $7.00K | $8.00K | $18.00K | $6.00K | $7.00K | $7.00K | $6.00K | $- | $- | $- | $- | $- |
| Total Assets | $959.10M | $899.22M | $894.64M | $839.82M | $910.79M | $1.00B | $1.17B | $1.38B | $1.28B | $1.10B | $1.22B | $1.22B | $1.10B | $1.18B | $1.18B | $1.18B | $1.22B | $1.13B | $1.09B | $1.35B |
| Account Payables | $32.86M | $34.48M | $8.12M | $18.74M | $14.90M | $- | $49.00M | $38.23M | $109.52M | $133.99M | $25.66M | $22.60M | $19.91M | $24.77M | $21.59M | $18.48M | $17.72M | $7.63M | $6.20M | $20.45M |
| Short Term Debt | $114.98M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $284.48M | $- | $155.30M | $193.36M | $168.13M | $149.72M | $226.86M | $145.00M | $94.44M | $44.16M |
| Tax Payables | $- | $12.00K | $15.00K | $30.00K | $- | $- | $- | $624.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $34.45M | $-120.79M | $18.49M | $14.61M | $- | $48.92M | $-440.83M | $-203.68M | $133.69M | $-258.82M | $22.33M | $-135.39M | $-168.59M | $-146.54M | $- | $- | $- | $- | $- |
| Other Current Liabilities | $8.82M | $-68.94M | $-8.14M | $-18.52M | $-14.90M | $- | $-48.92M | $-38.86M | $-109.52M | $-133.99M | $-310.14M | $-22.60M | $-175.22M | $-218.13M | $-189.72M | $16.94M | $18.70M | $16.06M | $14.07M | $17.30M |
| Total Current Liabilities | $156.66M | $- | $8.12M | $18.74M | $14.90M | $- | $49.00M | $38.23M | $109.52M | $133.99M | $25.66M | $22.60M | $19.91M | $24.77M | $21.59M | $185.15M | $263.28M | $168.69M | $114.71M | $81.91M |
| Long Term Debt | $1.06M | $4.28M | $- | $- | $1.60M | $243.41M | $- | $- | $- | $704.00K | $- | $8.45M | $- | $- | $- | $1.95M | $9.71M | $17.94M | $20.04M | $15.38M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $9.32M | $- | $- | $- | $-1.60M | $61.89M | $- | $- | $- | $-704.00K | $- | $-8.45M | $- | $- | $- | $5.98M | $3.54M | $3.63M | $25.14M | $9.34M |
| Total Non-Current Liabilities | $10.39M | $4.28M | $146.39M | $82.19M | $14.90M | $305.29M | $49.00M | $479.06M | $313.20M | $233.88M | $284.48M | $274.77M | $155.30M | $193.34M | $168.13M | $7.93M | $13.25M | $21.57M | $45.18M | $24.72M |
| Other Liabilities | $- | $176.60M | $-8.12M | $71.85M | $233.92M | $305.29M | $252.06M | $15.79M | $19.81M | $14.78M | $21.66M | $30.69M | $20.84M | $16.12M | $15.67M | $- | $- | $- | $- | $- |
| Total Liabilities | $167.05M | $176.60M | $146.39M | $172.78M | $263.72M | $305.29M | $350.05M | $533.09M | $442.53M | $382.65M | $331.80M | $328.06M | $196.05M | $234.22M | $205.39M | $193.09M | $276.53M | $190.25M | $159.88M | $106.63M |
| Preferred Stock | $- | $1.68M | $43.52M | $58.05M | $58.05M | $58.05M | $58.05M | $58.05M | $58.05M | $58.05M | $58.05M | $58.05M | $101.97M | $101.97M | $101.97M | $102.00M | $101.99M | $101.98M | $101.98M | $292.00M |
| Common Stock | $2.00K | $2.00K | $2.00K | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K | $1.00K |
| Retained Earnings | $-338.69M | $-362.50M | $-360.01M | $-378.89M | $-357.58M | $-344.88M | $-221.26M | $-183.09M | $-214.13M | $-323.39M | $-159.36M | $-145.78M | $-194.30M | $-18.53M | $-35.65M | $-108.18M | $-662.34M | $-653.13M | $-869.52M | $-721.26M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $-2.00K | $-58.05M | $-58.05M | $-1.00K | $- | $0 | $0 | $- | $- | $0 | $-0 | $0 | $-0 | $0 | $- | $- | $- | $0 |
| Other Total Stockholders Equity | $1.13B | $1.08B | $1.06B | $1.10B | $1.06B | $985.32M | $979.95M | $975.86M | $991.41M | $987.53M | $986.61M | $981.76M | $992.21M | $986.46M | $998.30M | $993.10M | $1.50B | $1.49B | $1.69B | $1.67B |
| Total Stockholders Equity | $792.05M | $722.61M | $748.25M | $667.04M | $647.07M | $698.50M | $816.73M | $850.82M | $835.33M | $722.19M | $885.30M | $894.04M | $899.89M | $949.03M | $976.27M | $986.91M | $940.16M | $943.09M | $926.03M | $1.24B |
| Total Equity | $792.05M | $722.61M | $748.25M | $667.04M | $647.07M | $698.50M | $816.73M | $850.82M | $835.33M | $722.19M | $885.30M | $894.04M | $899.89M | $949.03M | $976.27M | $986.91M | $940.16M | $943.09M | $926.03M | $1.24B |
| Total Liabilities and Stockholders Equity | $959.10M | $899.22M | $894.64M | $839.82M | $910.79M | $1.00B | $1.17B | $1.38B | $1.28B | $1.10B | $1.22B | $1.22B | $1.10B | $1.18B | $1.18B | $1.18B | $1.22B | $1.13B | $1.09B | $1.35B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $959.10M | $899.22M | $894.64M | $839.82M | $910.79M | $1.00B | $1.17B | $1.38B | $1.28B | $1.10B | $1.22B | $1.22B | $1.10B | $1.18B | $1.18B | $1.18B | $1.22B | $1.13B | $1.09B | $1.35B |
| Total Investments | $717.58M | $864.33M | $856.45M | $793.33M | $849.60M | $39.91M | $1.07B | $1.31B | $1.15B | $967.01M | $1.11B | $1.14B | $1.04B | $1.10B | $1.14B | $861.02M | $835.18M | $899.45M | $915.48M | $1.20B |
| Total Debt | $116.04M | $123.83M | $128.91M | $82.19M | $179.42M | $243.41M | $287.79M | $479.06M | $313.20M | $233.88M | $284.48M | $274.77M | $155.30M | $193.34M | $168.13M | $151.67M | $236.57M | $162.94M | $114.47M | $59.54M |
| Net Debt | $112.51M | $-140.00K | $125.72M | $79.64M | $153.48M | $240.87M | $261.91M | $446.63M | $280.52M | $208.41M | $260.87M | $249.86M | $134.48M | $161.29M | $146.03M | $149.83M | $235.95M | $162.69M | $114.27M | $59.01M |
Annual Cash Flow
| Breakdown | June 30, 2024 | June 30, 2023 | June 30, 2022 | July 31, 2021 | July 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $92.64M | $50.67M | $-90.63M | $197.68M | $-86.93M |
| Depreciation and Amortization | $- | $- | $- | $- | $- |
| Deferred Income Tax | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- |
| Change in Working Capital | $31.36M | $2.21M | $2.22M | $-28.21M | $47.08M |
| Accounts Receivables | $4.87M | $6.87M | $5.73M | $74.17M | $-54.73M |
| Inventory | $- | $- | $2.45M | $903.00K | $-455.00K |
| Accounts Payables | $- | $-19.94M | $-364.00K | $-95.75M | $112.97M |
| Other Working Capital | $26.49M | $14.62M | $-5.59M | $-7.54M | $-10.71M |
| Other Non Cash Items | $-72.88M | $132.78M | $384.16M | $-347.69M | $167.72M |
| Net Cash Provided by Operating Activities | $51.12M | $185.66M | $295.76M | $-178.23M | $127.86M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $-275.83M | $-214.78M | $-405.16M | $-950.93M | $-413.55M |
| Sales Maturities of Investments | $295.42M | $350.74M | $651.03M | $714.09M | $471.47M |
| Other Investing Activities | $- | $- | $3.00K | $- | $- |
| Net Cash Used for Investing Activities | $- | $135.96M | $245.87M | $-236.84M | $57.92M |
| Debt Repayment | $41.47M | $-162.44M | $-234.06M | $246.81M | $-44.41M |
| Common Stock Issued | $40.08M | $51.68M | $1.99M | $- | $- |
| Common Stock Repurchased | $-52.99M | $- | $- | $- | $- |
| Dividends Paid | $-82.11M | $-75.12M | $-63.59M | $-68.98M | $-86.61M |
| Other Financing Activities | $-52.99M | $244.00K | $- | $-299.00K | $-1 |
| Net Cash Used Provided by Financing Activities | $-53.53M | $-185.64M | $-295.65M | $177.53M | $-131.02M |
| Effect of Forex Changes on Cash | $- | $- | $-245.87M | $236.84M | $-57.92M |
| Net Change in Cash | $-2.42M | $20.00K | $104.00K | $-693.00K | $-3.15M |
| Cash at End of Period | $140.00K | $2.56M | $2.54M | $2.44M | $3.13M |
| Cash at Beginning of Period | $2.56M | $2.54M | $2.44M | $3.13M | $6.28M |
| Operating Cash Flow | $51.12M | $185.66M | $295.76M | $-178.23M | $127.86M |
| Capital Expenditure | $- | $- | $- | $- | $- |
| Free Cash Flow | $51.12M | $185.66M | $295.76M | $-178.23M | $127.86M |
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 | $70.89M | $28.67M | $63.97M | $22.39M | $28.28M | $-91.16M | $529.00K | $50.07M | $147.60M | $-122.56M | $35.63M | $82.23M | $9.81M | $31.33M | $47.44M | $103.87M | $70.14M | $15.90M | $15.90M | $-7.93M |
| Depreciation and Amortization | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $-12.55M | $33.26M | $6.85M | $19.85M | $-18.31M | $12.58M | $-12.81M | $-21.99M | $-7.12M | $83.32M | $-35.79M | $-18.74M | $41.23M | $-24.07M | $3.12M | $-19.06M | $-11.90M | $- | $- | $82.72M |
| Accounts Receivables | $-15.87M | $-2.81M | $7.67M | $7.04M | $-172.00K | $37.85M | $-32.12M | $55.99M | $18.17M | $-25.99M | $-28.74M | $-27.16M | $21.78M | $-30.86M | $13.15M | $1.35M | $-22.91M | $- | $- | $97.86M |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $26.02M | $-21.52M | $3.43M | $-23.38M | $-11.03M | $10.67M | $-71.24M | $-24.51M | $109.97M | $3.00M | $318.00K | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $3.32M | $10.05M | $-818.00K | $9.38M | $5.24M | $-14.24M | $8.65M | $-6.75M | $-790.00K | $-660.00K | $-10.05M | $8.10M | $19.45M | $6.78M | $-10.04M | $-20.41M | $11.01M | $- | $- | $-15.14M |
| Other Non Cash Items | $-45.37M | $-1.70M | $-75.48M | $8.02M | $24.23M | $89.43M | $52.98M | $-471.00K | $-106.05M | $71.75M | $32.26M | $-16.67M | $44.96M | $9.91M | $5.24M | $53.52M | $-65.84M | $-15.90M | $-15.90M | $241.73M |
| Net Cash Provided by Operating Activities | $12.98M | $60.23M | $-4.66M | $60.73M | $10.65M | $37.67M | $19.24M | $12.37M | $28.09M | $116.49M | $6.37M | $19.98M | $96.00M | $17.16M | $55.80M | $138.33M | $-7.59M | $- | $- | $316.52M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $-155.84M | $-239.98M | $-79.81M | $-134.97M | $-137.63M | $-267.53M | $-448.10M | $-502.83M | $-315.07M | $-98.47M | $-145.38M | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $177.72M | $235.40M | $79.15M | $271.60M | $166.82M | $484.21M | $303.61M | $410.48M | $339.17M | $132.30M | $104.53M | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $- | $- | $- | $- | $3.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $- | $-4.57M | $-667.00K | $136.63M | $29.19M | $216.68M | $-144.49M | $-92.35M | $24.10M | $33.83M | $-39.41M | $- | $- | $- | $- | $- | $- | $- | $- |
| Debt Repayment | $- | $-4.96M | $92.87M | $-96.47M | $-65.73M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $26.98M | $26.21M | $36.77M | $14.91M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $-39.44M | $-27.09M | $- | $25.41M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-41.81M | $-41.41M | $-40.70M | $-38.78M | $-36.34M | $-29.00M | $-34.59M | $-34.55M | $-34.43M | $-42.28M | $-44.32M | $-51.93M | $-58.89M | $-58.50M | $-58.00M | $-59.98M | $-73.00M | $- | $- | $-42.41M |
| Other Financing Activities | $32.23M | $-1 | $- | $- | $-18.17M | $-42.16M | $-189.90M | $165.53M | $80.99M | $-51.93M | $7.52M | $82.62M | $-38.26M | $-7.58M | $18.38M | $-77.14M | $80.96M | $- | $- | $-273.99M |
| Net Cash Used Provided by Financing Activities | $-9.59M | $-58.83M | $5.30M | $-98.48M | $-87.16M | $-71.16M | $-224.49M | $130.98M | $46.56M | $-94.21M | $-36.81M | $30.69M | $-97.14M | $-33.04M | $-39.62M | $-137.11M | $7.96M | $- | $- | $-316.40M |
| Effect of Forex Changes on Cash | $- | $- | $-47.49M | $- | $-61.35M | $4.39M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $3.53M | $-3.05M | $632.00K | $1.24M | $-1.22M | $88.00K | $16.00K | $917.00K | $-1.61M | $977.00K | $3.38M | $11.26M | $-570.50K | $-7.94M | $8.09M | $611.00K | $184.50K | $- | $- | $123.00K |
| Cash at End of Period | $3.53M | $140.00K | $3.19M | $2.56M | $1.31M | $2.54M | $2.45M | $2.44M | $1.52M | $3.13M | $2.15M | $6.28M | $-570.50K | $-7.94M | $8.09M | $611.00K | $184.50K | $526.00K | $526.00K | $123.00K |
| Cash at Beginning of Period | $- | $3.19M | $2.56M | $1.31M | $2.54M | $2.45M | $2.44M | $1.52M | $3.13M | $2.15M | $-1.23M | $-4.98M | $- | $- | $- | $- | $- | $526.00K | $526.00K | $- |
| Operating Cash Flow | $12.98M | $60.23M | $-4.66M | $60.73M | $10.65M | $37.67M | $19.24M | $12.37M | $28.09M | $116.49M | $6.37M | $19.98M | $96.00M | $17.16M | $55.80M | $138.33M | $-7.59M | $- | $- | $316.52M |
| Capital Expenditure | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Free Cash Flow | $12.98M | $60.23M | $-4.66M | $60.73M | $10.65M | $37.67M | $19.24M | $12.37M | $28.09M | $116.49M | $6.37M | $19.98M | $96.00M | $17.16M | $55.80M | $138.33M | $-7.59M | $- | $- | $316.52M |
PIMCO High Income Fund Dividends
Explore PIMCO High Income Fund's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
10.40%
Dividend Payout Ratio
88.63%
Dividend Paid & Capex Coverage Ratio
0.62x
PIMCO High Income Fund Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.048 | $0.048 | April 11, 2025 | April 11, 2025 | May 01, 2025 | |
| $0.048 | $0.048 | March 13, 2025 | March 13, 2025 | April 01, 2025 | March 03, 2025 |
| $0.048 | $0.048 | February 13, 2025 | February 13, 2025 | March 03, 2025 | February 03, 2025 |
| $0.048 | $0.048 | January 13, 2025 | January 13, 2025 | February 03, 2025 | January 02, 2025 |
| $0.048 | $0.048 | December 12, 2024 | December 12, 2024 | January 02, 2025 | December 02, 2024 |
| $0.048 | $0.048 | November 12, 2024 | November 12, 2024 | December 02, 2024 | November 01, 2024 |
| $0.048 | $0.048 | October 11, 2024 | October 11, 2024 | November 01, 2024 | October 01, 2024 |
| $0.048 | $0.048 | September 13, 2024 | September 13, 2024 | October 01, 2024 | September 03, 2024 |
| $0.048 | $0.048 | August 12, 2024 | August 12, 2024 | September 03, 2024 | August 01, 2024 |
| $0.048 | $0.048 | July 11, 2024 | July 11, 2024 | August 01, 2024 | July 01, 2024 |
| $0.048 | $0.048 | June 13, 2024 | June 13, 2024 | July 01, 2024 | June 03, 2024 |
| $0.048 | $0.048 | May 10, 2024 | May 13, 2024 | June 03, 2024 | |
| $0.048 | $0.048 | April 10, 2024 | April 11, 2024 | May 01, 2024 | April 01, 2024 |
| $0.048 | $0.048 | March 08, 2024 | March 11, 2024 | April 01, 2024 | March 01, 2024 |
| $0.048 | $0.048 | February 09, 2024 | February 12, 2024 | March 01, 2024 | February 01, 2024 |
| $0.048 | $0.048 | January 11, 2024 | January 12, 2024 | February 01, 2024 | January 02, 2024 |
| $0.048 | $0.048 | December 08, 2023 | December 11, 2023 | January 02, 2024 | December 01, 2023 |
| $0.048 | $0.048 | November 10, 2023 | November 13, 2023 | December 01, 2023 | November 01, 2023 |
| $0.048 | $0.048 | October 11, 2023 | October 12, 2023 | November 01, 2023 | October 02, 2023 |
| $0.048 | $0.048 | September 08, 2023 | September 11, 2023 | October 02, 2023 | September 01, 2023 |
PIMCO High Income Fund News
Read the latest news about PIMCO High Income Fund, including recent articles, headlines, and updates.
CEF Weekly Review: Are We In Another CEF Deleveraging Wave?
We review the CEF market valuation and performance through the second week of April and highlight recent market action. CEF sector returns were mixed, with muni sectors underperforming and equity-linked sectors finishing in the green, opposite to the previous week. Despite recent volatility, CEF discounts have recovered somewhat and remain on the wider side of the recent range; the market has weathered the situation relatively well.
CEF Weekly Review: BlackRock Resets Its Tender Offers
We review the CEF market valuation and performance through the first week of April and highlight recent market action. Nearly all CEF sectors were down; Munis and Agencies saw gains due to the sharp drop in Treasury yields. BlackRock announced new CEF tender offers starting mid-April, impacting funds like BOE, BCX, BGY, BSTZ, and MVF, with a 2.5% share buyback at a 2% discount.
PHK: Despite NAV Improvement, A Dividend Cut Is Likely (Rating Downgrade)
PIMCO High Income Fund (PHK) offers an 11.8% dividend yield but faces sustainability concerns due to unfavorable macroeconomic conditions and elevated interest rates. PHK's portfolio is heavily concentrated in high-yield credit and non-investment grade debt, increasing its risk profile amid current economic conditions. The fund's NAV has consistently declined over the years, and its reliance on return of capital to fund distributions is problematic.
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.
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.
PHK: Performing Well, But Risks Abound
The PIMCO High Income Fund offers an 11.68% yield, outperforming fixed-income indices but lagging behind similar closed-end funds, suggesting a sustainable distribution. Despite a challenging bond market, the fund delivered a 7.54% total return over five months, warranting further portfolio analysis for sustainability. The fund invests in both U.S. and foreign bonds, so it does have some exposure to a strengthening U.S. dollar.
PIMCO Cuts A Couple Of Distributions, Who Could Be Next?
RCS and PCM recently announced distribution cuts, and they were simultaneously trading at some hefty premiums to their NAV per share. We saw the usual outcome, which is a drastic sell-off as is often the case with the dangerous combination of elevated NAV distribution rates and premiums are mixed. We are looking at two more names to warn about in the future, but predicting distribution cuts is incredibly difficult as funds can pay out what they'd like.
PHK: Weak Distribution History And Unnecessary Risk
PIMCO High Income Fund offers a high dividend yield of 11.3%, making it attractive for income-focused investors, especially retirees seeking supplemental income. Despite a 66% price decline since inception, PHK's total return is 373%, driven by continuous high distributions, but it's not ideal for capital appreciation. PHK's dividend has consistently decreased over the last decade, and its distributions are primarily classified as ordinary dividends, which have less favorable tax consequences.
PIMCO CEF Update: Muni Coverage And The Premium Mystery
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%.
ThreeD Capital Inc. Announces New Investor Relations Agreement
TORONTO, Oct. 08, 2024 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK / OTCQX:IDKFF) a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, is pleased to announce today that it has entered into an agreement (the “Agreement”) with PHK Investments LLC (“PHK”) to provide investor relations services to the Company. Pursuant to the Agreement, the Company will pay a fixed monthly fee of £6,875 (approximately $9,356 CAD) (the "Monthly Fee") and up to £20,000 (approximately $27,218 CAD) in monthly ad spend which includes the use of third-party social media influencers and web-based platforms, if requested by the Company. Additionally, the Company will issue 100,000 stock options exercisable into common shares of ThreeD at an exercise price of $0.90 per share. Half of the options vest in six months and the remaining half vest in 12 months. The stock options will expire two years from the grant date if unexercised.
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.
PHK: Management Making Smart Moves Right Now, But The Valuation Is Really Steep
PIMCO High Income Fund specializes in income-focused assets, with a 12.00% distribution yield, outperforming peers in the Fixed-Income Multi-Sector category. Multi-sector bond funds like PIMCO High Income Fund have maintained double-digit yields despite market pricing in interest rate declines. The PHK closed-end fund has underperformed domestic bonds over the past three months, which is very disappointing.
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.
PHK: Decent Positioning And Portfolio, But Expensive Given Bond Market Risks
PIMCO High Income Fund offers a current yield of 12.03%, but other closed-end peer funds have higher yields. The fund's share price performance has been volatile but has outperformed domestic bond indices in recent months. The fund's leverage ratio is in line with its peers, and it has been able to cover its distributions through net unrealized gains.
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.
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.
PHK: I Am Not Convinced Of This Fund's Value Proposition
PIMCO High Income Fund offers high yields but has a history of shrinking distributions year after year. Even reinvesting dividends doesn't seem to catch up with distribution cuts (after 2016) even if you ignore inflation. It's hard to rely on this fund for sustainable income for retirees who depend on it for their living expenses.
PIMCO Update (Quick) | January 2024 | Watch The NAV Momentum Turn
Not much has changed fundamentally in taxable PIMCOs, but there has been a shift in valuations and sentiment. The drop in the dollar has put downward pressure on funds with exposure to foreign bonds and currency forwards contracts. Leverage is a key consideration for assessing NAV trends, and some funds have reduced leverage significantly in the past month.
PHK: Still Not A Bargain, Reaffirming A 'Hold' Rating
This article evaluates the PIMCO High Income Fund as an investment option, which is timely given the market's renewed interest in bonds and debt securities. While I am a "bond bull" right now, I see limited value in PHK as it still has a premium price and a volatile trading history. The equity market is signaling a contrarian sign that fixed-income may be a good move. But there are better ways to play it.
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