PIMCO Energy and Tactical Credit Stock News

We review CEF market valuation and performance through the second week of November and highlight recent market action. Most CEF sectors struggled during the week, with only Muni sectors finishing in t

PIMCO is converting the PIMCO Energy & Tactical Credit Opps closed-end fund from an energy MLP stock fund to a multi-sector bond/credit fund to narrow the discount-to-NAV. The NRGX fund currently trad

PIMCO taxable CEFs previously had high valuations, but now discounts are appearing across most funds. Leverage changes have been negative, with most funds reducing leverage by 20% to 40%+. My inclinat

Longer-term bonds are becoming more attractive to institutional investors as yields catch up to shorter-term paper. The NRGX fund experienced an NAV boost due to liquidation of a large private equity

We review CEF market valuation and performance through the last week of September and highlight recent market action. CEFs finished September on a weak note, with all sector NAVs moving lower as Treas

For the second straight month, both equity (-3.12% on a NAV basis) and fixed income (-1.94%) CEFs on average suffered downside performance. At month end, 9% of all CEFs traded at a premium to their NA

PIMCO's Tactical Credit Opportunities Fund is changing its investment mandate to focus on multi-sector credit with a reduced allocation to energy assets. The fund will be renamed the "Dynamic Income S

2 out of 22 CEF sectors positive on price and 1 out of 22 sectors positive on NAV. PIMCO Energy & Tactical Credit Opps will change its investment policy to a multisector fixed income fund. This will l

The PIMCO Energy & Tactical Credit Opps is transitioning from an energy equities closed-end fund to a credit fund. The fund will change its name to PIMCO Dynamic Income Strategy Fund and reduce its fo

For the first month in three, both equity (-1.98% on a NAV basis) and fixed-income CEFs (-0.54%) on average suffered losses. At month end, 12% of all CEFs traded at a premium to their NAV, with 13% of

On July 28, 2023, Saba Capital Management, L.P. (Trades, Portfolio), a renowned investment firm, added 5,731,129 shares of PIMCO Energy & Tactical Credit Opportunities ( NRGX , Financial) to its portf

On July 26, 2023, Saba Capital Management, L.P. (Trades, Portfolio), a renowned investment firm, added 44,028 shares of PIMCO Energy & Tactical Credit Opportunities ( NRGX , Financial) to its portfoli

The Pimco Energy & Tactical Credit Opportunities Fund is trading at a significant discount to its NAV. The fund's dividend yield is around 5.5% annually, which is not impressive for an energy-focused

NRGX is an energy fund offered by PIMCO, a fixed-income specialist, so it would appear outside their expertise. However, it isn't your everyday energy fund either, and it incorporates some fixed-incom

It couldn't be any cheaper, either—this high-quality fund is trading at a 17% discount to fair value!