PIMCO Global StocksPLUS & Income Fu... (PGP)

We provide an August update for the PIMCO CEF taxable suite. Coverage remained steady at nearly 70% on average for taxable funds. Borrowings ticked higher but remain in a six-month range.

PIMCO Global StocksPLUS and Income Fund has underperformed in the last decade, with its share price down 65% and total return down 4.52%, despite its goal of generating an 8-10% dividend yield. The fu...

We provide a February update for the PIMCO CEF taxable suite. Taxable CEFs continued to deleverage despite NAVs largely holding steady through February, possibly as a result of a low level of net inco...

What could go wrong with a fund near an all-time high 105% market price premium combined with a near all-time low NAV? Shareholders of the Gabelli Utility Trust may think they own a safe utility stock...

GLO was a fund I wasn't excited about throughout most of 2022, instead mentioned that PGP could be a better idea. In 2023, the outlook looks different, with GLO presenting a potential opportunity.

2022 was a year to forget, while most believe 2023 will begin with the same issues that took the equity and bond markets well into bear market territory last year. That is, a hawkish Federal Reserve t...

Alexander Goldfarb of Piper Sandler discusses the challenges facing the real estate, one of the worst-performing sectors this year, and how malls are finally benefiting from consolidation among the ma...

Only funds with yields over 6.5%, coverage higher than 85%, and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

GLO often gets most investors excited due to its 10% managed distribution policy. Due to weakness across the board, GLO and PGP have both shown poor YTD performance, but PGP has declined less.

PIMCO Taxable CEF Update: Income Lessons From The Latest Shareholder Report