PIMCO Corporate & Income Strategy Fund (PCN)
| Market Value | 639.59M |
| Revenue (ttm) | 67.25M |
| Net Income (ttm) | 71.58M |
| Shares Out | 47.73M |
| EPS (ttm) | 1.24 |
| PE Ratio | 10.82 |
| Forward PE | n/a |
| Dividend | $1.36 (10.13%) |
| Ex-Dividend Date | Dec 12, 2024 |
| Volume | 142,838 |
| Open | 13.37 |
| Previous Close | 13.42 |
| Day's Range | 13.32 - 13.42 |
| 52-Week Range | 12.29 - 14.36 |
| Beta | 0.99 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About PCN
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 fundame... [Read more]
News
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, wit...
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 perf...
PIMCO Closed-End Funds Declare Monthly Common Share Distributions
NEW YORK, Dec. 02, 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 fo...
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 year...
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 o...
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 ...
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 vi...
My 9.5% Income Portfolio-The View From The Top
Total Return is a percentage measure reflecting the total performance of a fund, incorporating both capital gains and the effect of dividends reinvested over a specific period. Net Asset Value is the ...
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, reduc...
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 significa...
CEF Report | May 2024 | Activism Is Heating Up
Taxable bond CEF space value shrinking as discounts tighten. Opportunities exist, especially following activists. Focus on top-down assessment, cheap sectors, and specific funds like Cohen & Steers Se...
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...
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 revisi...
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 l...
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...
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 In...
My 9% Income Portfolio - Harmony In Investment
Surrounded by the smoothness of the Tuscan landscape, I have always thought that the pursuit of harmony in human activities is the first step toward happiness. I also chase a balance in investments, s...
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 f...
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 i...
CEF Weekly Commentary | Swap Some MAIN Bonds?
Macro markets saw positive movement, with the S&P 500 up 1.81% and bonds performing well. The PPI report offset slightly hot CPI, leaving uncertainty about how the Fed will respond to rising inflation...
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 a...
My 9% Income Portfolio-Living Off Dividends
Total Return is the actual rate of return for an investment over a given evaluation period, typically one, three, five, or ten years. The Total NAV Return is the sum of all dividends/distributions, as...
PCN: Still Not A Buy As We Look To 2024
The article evaluates the PIMCO Corporate & Income Strategy Fund as an investment option. The fund's premium to NAV, poor income metrics, and the market's narrowing of high-yield corporate spreads all...
PCN CEF: Possible Gains In Store For The Brave
The PIMCO Corporate & Income Strategy Fund has experienced a significant drawdown, opening up a potential value gap. The fund's portfolio is diversified across various corporate sectors, presenting in...