PIMCO Global StocksPLUS & Income Fu... (PGP)
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PIMCO CEF Update: Key Tidbits From The Shareholder Report
29 September 2023
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.
PGP's High Yield Doesn't Offer Much Value
22 July 2023
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...
PIMCO CEF Update: Bad But Not As Bad As It Looks
4 April 2023
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...
Potentially The Greatest Swap Idea In CEF History: Sell GUT, Buy PGP
4 April 2023
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 And PGP: The Results
24 January 2023
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.
Equity CEFs: Top Picks For 2023
9 January 2023
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...
Piper Sandler: The real estate sector is experiencing some of the same issues it did in the 1970s
16 September 2022
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...
The 'High-High-Low' Closed-End Fund Report, August 2022
5 September 2022
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 And PGP: PGP Might Be The Better Flexible Fund At This Time
15 May 2022
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.