PIMCO Closed-End Funds Declare Monthly Common Share Distributions
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Monthly Distributions Declared: PIMCO closed-end funds have announced monthly distributions for their common shares, payable on February 3, 2025, with an ex-dividend date of January 13, 2025. The amounts vary by fund, with some showing changes from the previous month.
Investment Risks and Performance: The article outlines various risks associated with investing in PIMCO's funds, including market volatility and interest rate sensitivity, while also providing performance metrics based on net asset value (NAV) and market price as of November 30, 2024.
Analyst Views on PFL
Wall Street analysts forecast PFL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PFL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 8.400
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About PFL
PIMCO Income Strategy Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to seek high current income, consistent with the preservation of capital. The Fund seeks to achieve its investment objective by utilizing a dynamic asset allocation strategy that focuses on duration management, credit quality analysis, risk management techniques and broad diversification among issuers, industries and sectors. The Fund normally invests in a diversified portfolio of floating and/or fixed rate debt instruments. The Fund focuses on seeking income-generating investment ideas across multiple fixed income sectors, with an emphasis on seeking opportunities in developed and emerging global credit markets. The Fund may invest a substantial portion of its floating-rate assets in floating-rate loans. The Fund’s investment manager is Pacific Investment Management Company LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
