… 3% yield FHY — Still out-earning the disty, good UNII, at a fair discount (rare for this fund, lately) 9.9% yield PFN — Still out-earning. 9.3% yield. DMO — Hugely outearning disty. 8.2% yield. TPZ — Potential buy. Price has fallen …
… and I admire the long history of the manager and his team on this fund and at their time with TCW." PIMCO Income Strategy II PFN , a leveraged closed-end multisector bond offering, also received more than one mention. Lakeside7 enthused, "[Its distribution …
Four funds hiked distributions. The ones I recall are PFN and PFL that both bumped distributions 1.5 cents / month. I certainly didn't expect these hikes, although they are consistent with / covered by recent net interest earnings. Regards, Dick
By Joe Eqcome: PIMCO sponsored CEFs enjoy a significantly higher premium relative to its CEF sponsored peer group ("peer group"). This appears unsupportable based on our comparative fundamental analyses on both a nominal and risk-adjusted basis. This suggests an implied and intangible "franchise ...
I recently caught up with the freash financials on PFN and PFL. Both still appear to be substantially outearning their current distributions --- and (tentative hurrah!) I couldn …
… 1.52) (Whitney Bottom!) NZF 13.13 (1.28) ( " " ) PFN 10.51 +0.61 PKO 26.84 +0.76 FMY 19.11 (0.42 ..... regular and Y.E. distributions and on and on....but: PFN , PKO, and EHI had HIGHER prices when the 10yr yielded 3.75 …
… of us are familiar with prices of these. Some I own and watch: Fund NAV MktPx FLC 0 (39) EHI +4 (34) PKO (3) (73) PFN +1 (23) PFL (2) (28) HPS +3 (23) FMY +7 +6 PSW (12) (39) went ex-div AWF +5 (26) DMO +1 (59) GDO +2 …
By greg group : Investors in closed-end funds (CEFs) are constantly faced with uncertainty due to a lack of transparency within the industry. CEFs do not make it easy for the investor to make the most informed investment decision in determining the real value being delivered by the CEFs. This has
… Richard Band and "Personal Finance Newsletter ( PFN )." Both are also readable online, Band here and PFN here . Band is a conservative, value-oriented ..... his orientation, as he makes very clear. PFN is a team of analysts with both general and …
… view within the CEFs he manages was to enter into large "pay-fixed" interest rate swaps. Specifically, for example, in PFN he agreed to PAY 4.25% quarterly in exchange for receiving the 3mo LIBOR rate FOR 30 YEARS! --- a trade that immediately …