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Post by Deleted on Sept 2, 2022 5:17:25 GMT
The PIMCO CEF distribution statement dated 01Sep2022 reports no distribution change in September (ex 09Sep, record 12Sep, payable 03Oct) except ..... the relatively new CEF PAXS sees its monthly distribution increased 28% to $0.1494/shr. Various "experts" have been forecasting distribution increases (or special payouts) in this fund and others due to the healthy coverage numbers reported by PIMCO in recent months. This info appears in a press release seen via www.pimco.com/en-us/investments/closed-end-funds . A recent detailed report on PAXS is seen at seekingalpha.com/article/4530128-paxs-newest-pimco-cef-increasingly-attractive-in-the-suite . Data that I see tonight shows PAXS at a premium of -7.25% and a yield of 8.48% (prior distribution). The increased distribution now raises the yield to 10+% at today's market-price, somewhat akin to PDO's yield. I see PDO currently at a premium of -4.65% and a yield of 10.40%. (And if someone fills inclined to jump into this thread about distributions and touts at length total-return over income (a comparison varying greatly based on the time-period selected), let me perhaps forestall this by noting that for the last three months, a TR of -2.8% for PAXS and -3.9% for VFIAX (S&P 500). And YTD, a TR of -9.5% for PDI and -16.2% for VFIAX. Data per M*.) --- Frank
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Post by steelpony10 on Sept 2, 2022 11:23:40 GMT
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Post by ECE Prof on Sept 2, 2022 13:50:45 GMT
"(And if someone fills inclined to jump into this thread about distributions and touts at length total-return over income (a comparison varying greatly based on the time-period selected), let me perhaps forestall this by noting that for the last three months, a TR of -2.8% for PAXS and -3.9% for VFIAX (S&P 500). And YTD, a TR of -9.5% for PDI and -16.2% for VFIAX. Data per M*.)
--- Frank"
Thanks, Frank. Good job, even before someone I know (LOL) could jump into this. Waiting for this month's UNII report that could show some improvement, as PIMCO said in the last month's report. I expect PDI's UNII to go up by another $0.08 based on the expected income and distribution. If it keeps going up and up, there will be a special distribution for PDI also based on the SEC rules. I have no qualms about PIMCO or PDI.
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Post by Deleted on Oct 1, 2022 4:17:37 GMT
For those savoring a possible/probable special year-end distribution for certain PIMCO CEFs, note that the announcement of this action last year for PDO did not occur until 03Dec2021, so (if history repeats itself) you might have to savor just a bit longer.
Elsewhere, I see that a CEF from Cohen & Steers, RNP (handles REITs and Preferreds), has already announced on 27Sep2022 a special year-end distribution of $1.0714/shr payable 15Dec2022 ... this happening even after having raised its monthly distribution for 2022 last January, and all this a comforting event in today's troubled times.
--- Frank
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Post by Deleted on Oct 4, 2022 2:39:24 GMT
PIMCO has announced their CEF monthly distributions for October ... there is no change from the prior month. Ex-dividend date is 12Oct, record date is 13Oct, pay date is 01Nov. Details are seen via www.pimco.com/en-us/investments/closed-end-funds . Note that this monthly announcement includes data on the CEF price and NAV distribution rates, and on price and NAV total returns. --- Frank
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Post by Deleted on Nov 2, 2022 5:11:40 GMT
PIMCO has announced their CEF monthly distributions for November. There is no change in these distributions from those of the prior month. Ex-dividend date is 10Nov, record date is 14Nov, pay date is 01Dec. Details are seen via www.pimco.com/en-us/investments/closed-end-funds . And note that the PIMCO announcement in 2021 for a special year-end distribution for PDO did not occur until early December. --- Frank
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Post by richardsok on Nov 7, 2022 14:31:07 GMT
PIMCO has announced their CEF monthly distributions for November. There is no change in these distributions from those of the prior month. Ex-dividend date is 10Nov, record date is 14Nov, pay date is 01Dec. Details are seen via www.pimco.com/en-us/investments/closed-end-funds . And note that the PIMCO announcement in 2021 for a special year-end distribution for PDO did not occur until early December. --- Frank With PTY and other Pimco CEFs, investors can expect volatility ahead as people with losing positions (practically everyone!) dump their shares for tax losses to offset the distributions. The good news is that as selling starts to become exhausted, around Dec 15 to Christmas or so, opportunistic buyers will probably come back in to snag these bargains -- all at the same time. So you have folks rushing in and rushing out simultaneously. The mayhem may be even greater for those CEFs about to toss off large EOY special dividends like PDO, PDI and PAXS. Some people will buy to get the spec dist before it goes ex-div while at the same time others will be dumping for the taxes. I'm looking for particularly sharp but brief sell-offs right after the big special distribution ex-div day. Should be interesting. PTY will pay only a small ex-div or perhaps none at all. I'm guessing that Christmas to Jan 5 or so may be an ideal time to buy.
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Post by xray on Nov 10, 2022 23:07:55 GMT
WSJ: LIVE COVERAGE VIEW LIVE COVERAGE FEED 10 hours ago Bond Giant Pimco Notches Investor Outflows for Third Straight Quarter By Julie Steinberg
Pimco manages about $1.4 trillion of assets for investors. Clients of bond giant Pimco withdrew the equivalent of $15 billion in the third quarter, as investors' appetite for debt investing was damped by uncertainty around interest-rate increases.
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Live Long and Prosper....
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Post by ECE Prof on Nov 10, 2022 23:35:13 GMT
WSJ: LIVE COVERAGE VIEW LIVE COVERAGE FEED 10 hours ago Bond Giant Pimco Notches Investor Outflows for Third Straight QuarterBy Julie Steinberg Pimco manages about $1.4 trillion of assets for investors. Clients of bond giant Pimco withdrew the equivalent of $15 billion in the third quarter, as investors' appetite for debt investing was damped by uncertainty around interest-rate increases. ---------- Live Long and Prosper.... They are the traders looking for CG. There is nowhere to go. That is good news because it lowers the price, which did. I added a few thousand shares. I am not selling anytime.
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Post by retiredat48 on Nov 11, 2022 17:45:40 GMT
WSJ: LIVE COVERAGE VIEW LIVE COVERAGE FEED 10 hours ago Bond Giant Pimco Notches Investor Outflows for Third Straight QuarterBy Julie Steinberg Pimco manages about $1.4 trillion of assets for investors. Clients of bond giant Pimco withdrew the equivalent of $15 billion in the third quarter, as investors' appetite for debt investing was damped by uncertainty around interest-rate increases. ---------- Live Long and Prosper.... Couple comments: --As a percentage, these outflows are modest. --With tax loss selling after the largest bond decline in history, expect some outflows. --Importantly, WITH CLOSED END FUNDS, THERE ARE NO OUTFLOWS. That is an advantage of owning CEFs...they are "closed"...managers hands are not tied. R48
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Post by xray on Nov 12, 2022 15:14:17 GMT
R48: With CEF's you can "continually" monitor the "NAV's" and how the "Manager's" are currently monitoring their portfolio's (and taking current action as required). Add to this, monitoring the "insider actions" (going forward) gives investors a early warning signal to what the market will be doing with the Pimco Funds IMHO.... Live Long and Prosper.... xray
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Post by Deleted on Nov 12, 2022 15:44:08 GMT
R48: With CEF's you can "continually" monitor the " NAV's" and how the " Manager's" are currently monitoring their portfolio's (and taking current action as required). Add to this, monitoring the "insider actions" (going forward) gives investors a early warning signal to what the market will be doing with the Pimco Funds IMHO.... Live Long and Prosper.... xray What PIMCO Insider actions have you seen and what early warning signal have you received?
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Post by xray on Nov 13, 2022 19:21:14 GMT
haven: In all fairness some of us don't track (or analyze) PIMCO funds but we do look at them periodically when message boards are "continually" talking about them. PDO and PDI have currently been in constant discussions and some of us do look at them periodically. We normally track (by analysis) those securities that are continually increasing their NAV's or book values. With that said....
Examples on Pimco Funds:
PDO: Last insider buy action was on 9/12 for 70,000sh at 14.93-15.00
PDI: Last insider buy action was on 5/18 for 7500sh at 21.34
Current MktPrc's: PDO at 14.32 PDI at 19.86
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Current Overview (Sole opinion by analysis):
Neither PDI or PDO has had either buy/sell decisions currently and previous buys are currently considered "underwater" (insiders losing money currently). Not something that new investors should buy into until further analysis indicates a buy situation (by further analysis)....
Live Long and Prosper....
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Post by Deleted on Nov 13, 2022 20:26:56 GMT
haven: In all fairness some of us don't track (or analyze) PIMCO funds but we do look at them periodically when message boards are "continually" talking about them. PDO and PDI have currently been in constant discussions and some of us do look at them periodically. We normally track (by analysis) those securities that are continually increasing their NAV's or book values. With that said.... Examples on Pimco Funds: PDO: Last insider buy action was on 9/12 for 70,000sh at 14.93-15.00 PDI: Last insider buy action was on 5/18 for 7500sh at 21.34 Current MktPrc's: PDO at 14.32 PDI at 19.86 ----------- Current Overview (Sole opinion by analysis): Neither PDI or PDO has had either buy/sell decisions currently and previous buys are currently considered "underwater" (insiders losing money currently). Not something that new investors should buy into until further analysis indicates a buy situation (by further analysis).... Live Long and Prosper.... Based on your post yesterday, I assumed there were recent insider actions indicative of something or other. Good that you clarified.
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Post by Deleted on Dec 2, 2022 7:58:14 GMT
PIMCO has announced their CEF monthly distributions for December. There is no change in these distributions from those of the prior month. Ex-dividend date is 09Dec, record date is 12Dec, pay date is 03Jan. Formal details are seen via www.pimco.com/en-us/resources/product-resources/cef-press-releases . Note that the PIMCO announcement in 2021 for a special year-end distribution for PDO did not occur until early December ... so maybe some news on this action (likely for multiple PIMCO CEFs this year) real soon? Also, the lack of poster discipline shown here in posting non-distribution-related material boggles (but doesn't surprise) me. Some of this OT material has merit, perhaps someone should create an "PIMCO CEF catch-all" thread for such stuff? Hopefully, such posters show more discipline in their investment thoughts and actions. --- Frank
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Post by Deleted on Dec 5, 2022 22:36:23 GMT
PIMCO has just announced special year-end distributions for PCN, PTY, PAXS, PDI, PDO, PCQ. Ex-div 14Dec, record 15Dec, pay 22Dec. Full details are at www.pimco.com/en-us/resources/product-resources/cef-press-releases . The total distribution amounts per share are PCN $0.15 PTY $0.15 PAXS $0.52 PDI $0.65 PDO $0.96 PCQ $0.0179 --- Frank
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Post by ECE Prof on Dec 6, 2022 11:02:04 GMT
PIMCO has just announced special year-end distributions for PCN, PTY, PAXS, PDI, PDO, PCQ. Ex-div 14Dec, record 15Dec, pay 22Dec. Full details are at www.pimco.com/en-us/resources/product-resources/cef-press-releases . The total distribution amounts per share are PCN $0.15 PTY $0.15 PAXS $0.52 PDI $0.65 PDO $0.96 PCQ $0.0179 --- Frank Thanks Frank. I was expecting more than a $/share for PDI. I will take whatever PIMCO gives. The net distribution is around 16.6%. In a tough year like this one, it is a great number. I never received such a big income.
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Post by Deleted on Feb 2, 2023 4:05:34 GMT
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Post by marpro on Feb 2, 2023 20:41:38 GMT
PDI seems to be heading toward 22+/sh. It has reached 21+/sh today. More than a 10% increase in a short time. I guess that it is the price momentum driven by a lot of buyers. I sold a small fraction of my newly bought shares for a small profit.
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Post by johnsmith on Feb 3, 2023 12:03:59 GMT
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Post by marpro on Feb 3, 2023 15:09:12 GMT
That is only for traders. I do not have that problem. Based on my cost, I still get the same distributions and the same yield. So, my income has not only suffered but growing with reinvested distributions, accumulating more and more shares. That is why I keep saying, “SA articles are clickbaits.” Nothing more, and mostly useless stuff. Why would it be a toll on income? Why would the premium of PDI keeps going up and up? I never pay attention to them. In fact, I “unsubscribed” to SA, and their emails are going to SPAM folder.
Add/Edit: The traders are taking the profit at the last hour of trading today (2-3-2023). The bottom is falling?
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Post by johnsmith on Feb 3, 2023 21:04:37 GMT
That is only for traders. I do not have that problem. Based on my cost, I still get the same distributions and the same yield. So, my income has not only suffered but growing with reinvested distributions, accumulating more and more shares. That is why I keep saying, “SA articles are clickbaits.” Nothing more, and mostly useless stuff. Why would it be a toll on income? Why would the premium of PDI keeps going up and up? I never pay attention to them. In fact, I “unsubscribed” to SA, and their emails are going to SPAM folder.
Add/Edit: The traders are taking the profit at the last hour of trading today (2-3-2023). The bottom is falling?
I posted the article as it goes a little towards explaining why income seems to have fallen off significantly in the recent reports.
Over the last 12 months my exposure to PIMCO CEFs has increased by 60%. I should stop reinvesting the dividend and find other places to invest the monies.
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Post by marpro on Feb 3, 2023 21:33:34 GMT
That is only for traders. I do not have that problem. Based on my cost, I still get the same distributions and the same yield. So, my income has not only suffered but growing with reinvested distributions, accumulating more and more shares. That is why I keep saying, “SA articles are clickbaits.” Nothing more, and mostly useless stuff. Why would it be a toll on income? Why would the premium of PDI keeps going up and up? I never pay attention to them. In fact, I “unsubscribed” to SA, and their emails are going to SPAM folder.
Add/Edit: The traders are taking the profit at the last hour of trading today (2-3-2023). The bottom is falling?
I posted the article as it goes a little towards explaining why income seems to have fallen off significantly in the recent reports.
Over the last 12 months my exposure to PIMCO CEFs has increased by 60%. I should stop reinvesting the dividend and find other places to invest the monies.
I looked at CEFdata. The income and distribution were both 0.221, with UNII = 0. I expect the income to improve. I am also planning to invest the distributions into equities to get back to normal. It will take a few years, but, I am not cashing out of PDI and keep the share level the same. I will know more next week.
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Post by richardsok on Feb 17, 2023 4:23:48 GMT
Newest Pimco coverage numbers are out -- and they continue to disappoint. The 3-month coverages are:
PDI 24% PDO 33 PTY 35 PFL 53 PFN 53 PAXS 53 PTY 35 PGP 77
UNII numbers are zero or negligible, except for PGP with 7 cents. Always allowing for the great deal I don't know about their operations, there would seem to be a possibility of reduced distribs some time ahead. This, remember is the third or fourth month of declining earnings.
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rumi
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Post by rumi on Mar 16, 2023 9:16:34 GMT
Newest Pimco coverage numbers are out -- and they continue to disappoint. The 3-month coverages are: PDI 24% PDO 33 PTY 35 PFL 53 PFN 53 PAXS 53 PTY 35 PGP 77 UNII numbers are zero or negligible, except for PGP with 7 cents. Always allowing for the great deal I don't know about their operations, there would seem to be a possibility of reduced distribs some time ahead. This, remember is the third or fourth month of declining earnings. Is it normal for this to happen a few months per year? I wonder how it was during the GFC, which in hindsight turned out to be a great buying moment. I've only been following CEFs for the last two years so i don't know.
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Post by steelpony10 on Mar 16, 2023 10:23:16 GMT
Newest Pimco coverage numbers are out -- and they continue to disappoint. The 3-month coverages are: PDI 24% PDO 33 PTY 35 PFL 53 PFN 53 PAXS 53 PTY 35 PGP 77 UNII numbers are zero or negligible, except for PGP with 7 cents. Always allowing for the great deal I don't know about their operations, there would seem to be a possibility of reduced distribs some time ahead. This, remember is the third or fourth month of declining earnings. Is it normal for this to happen a few months per year? I wonder how it was during the GFC, which in hindsight turned out to be a great buying moment. I've only been following CEFs for the last two years so i don't know. seekingalpha.com/article/4347485-uses-and-abuses-of-cef-distribution-coverage
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Post by johnsmith on Mar 16, 2023 11:36:30 GMT
No. it's been more common in the last 2-3 years or so. Before that PDI regularly had full coverage, so did PTY.
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Post by richardsok on Mar 16, 2023 14:22:31 GMT
Newest coverage numbers not good generally, just marginally better than before, but PDI remains surprisingly poor, again below its cousin PDO.
PHK and PAXS doing OK.
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Post by johnsmith on Mar 16, 2023 16:26:59 GMT
paxs jumped from 9c to 15c; in Feb they would have had to earn 27c! to make those figures work. LOL.
talk about lumpy & black box
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Post by habsui on Mar 16, 2023 17:43:19 GMT
Looking at PDO, the "market" seems to like the new numbers. I agree with lumpy and black box.
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