Pimco Income Opportunity Fund Fund News

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.

NEW YORK, Nov. 19, 2021 (GLOBE NEWSWIRE) -- The previously-announced contemplated reorganizations of each of PIMCO Dynamic Credit and Mortgage Income Fund (“PCI”) and PIMCO Income Opportunity Fund (“PKO”) (NYSE: PKO) with and into PIMCO Dynamic Income Fund (“PDI”) (NYSE: PDI) are currently expected to be consummated following the scheduled close of regular trading on the New York Stock Exchange (“NYSE”) on December 10, 2021, subject to PIMCO’s market outlook and operational considerations, the satisfaction of applicable regulatory requirements and customary closing conditions. Upon consummation of the reorganizations, PDI will acquire all of the assets and assume of all the liabilities of each of PKO and PCI in exchange for additional common shares of beneficial interest of PDI (“Merger Shares”), and PCI and PKO common shareholders will receive Merger Shares (and cash in lieu of fractional Merger Shares, if any), based on the relative net asset value per common share (“NAV”) of the Funds as of the close of business on December 10, 2021.

2 Mispriced Dividend Bargains To Buy Today

There were a total of 7 closed-end funds that have never cut their distributions with inceptions before 2008/09's GFC. We will see the loss of one of those names with PKO set to merge with PDI.

For your consideration, this report includes comparative data on over 100 big-dividend REITs, BDCs, CEFs and MLPs, including 25+ from each category. Next, we dig deeper into the details on four partic

PDI: The Big Premium, I'll Be Back, 10.1% Yield

One of the biggest struggles for retirees today is generating any significant degree of income off of the assets in their portfolio. PKO invests in fixed-income securities from around the world to pro

This article highlights data on 50+ big-dividend monthly-pay stocks. We then take a closer look at three names in particular that are attractive and worth considering.

DLY: Multisector Bond Fund With An Appealing Distribution Yield

Funds at the largest discounts don't necessarily make great investments, with several of the deepest discounted funds worth avoiding.

EVG: Large Boost In Distribution Brings This Fund To A 10.4% Yield

EVV: High Monthly Income But Watch Coverage

We take a look at PIMCO CEF leverage and coverage numbers from April. Taxable funds saw strong growth in leverage, though it's not clear exactly why as underlying credit valuations remain historically

AWF: Global High-Yield Fund With Appeal

2 Closed-End Funds Added To My Portfolio In April