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Contributor ○

July distribution announcements

7/1

SRV decreased 67%*

VVR decreased 17%

Some Eaton Vance, MFS funds increased.

 

* SRV temporarily suspended distributions in April and May and paid a single distribution in June covering April, May and June. I assume the $0.12 distributions now declared for July and August represents the resumption of regular distributions. Prior to suspending distributions, it was $0.0903/month. The new distribution is $0.12/month. However, there was an intervening 1-for-4 reverse stock split, so the new distribution is effectively $0.03 per pre-split share.

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13 Replies
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Explorer ○

Re: July distribution announcements

PIMCO left their CEF distributions unchanged.

 

John

 

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Frequent Contributor

Re: July distribution announcements


@John_H wrote:

PIMCO left their CEF distributions unchanged.

John


Yes, the details are here - copied from CEF Analyzer.

NEW YORK, July 01, 2020 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution for each Fund’s common shares as summarized below. The distributions are payable on August 3, 2020 to shareholders of record on July 13, 2020, with an ex-dividend date of July 10, 2020.

 

  Monthly Distribution
Per Share

FundNYSE SymbolAmountChange
From
Previous
Month
Percentage
Change From
Previous
Month
PIMCO Corporate & Income Strategy Fund(NYSE: PCN)$0.112500 - -
PIMCO Corporate & Income Opportunity Fund(NYSE: PTY)$0.130000 - -
PIMCO Global StocksPLUS® & Income Fund(NYSE: PGP)$0.069000--
PIMCO High Income Fund(NYSE: PHK)$0.048000--
PIMCO Income Opportunity Fund(NYSE: PKO)$0.190000--
PIMCO Strategic Income Fund, Inc.(NYSE: RCS)$0.051000--
PCM Fund, Inc.(NYSE: PCM)$0.080000 - -
PIMCO Income Strategy Fund(NYSE: PFL)$0.090000 - -
PIMCO Income Strategy Fund II(NYSE: PFN)$0.080000 - -
PIMCO Dynamic Income Fund(NYSE: PDI)$0.220500 - -
PIMCO Dynamic Credit and Mortgage Income Fund(NYSE: PCI)$0.174000 - -
PIMCO Municipal Income Fund(NYSE: PMF)$0.054000--
PIMCO California Municipal Income Fund(NYSE: PCQ)$0.065000 - -
PIMCO New York Municipal Income Fund(NYSE: PNF)$0.042000 - -
PIMCO Municipal Income Fund II(NYSE: PML)$0.059000 - -
PIMCO California Municipal Income Fund II(NYSE: PCK)$0.032000 - -
PIMCO New York Municipal Income Fund II(NYSE: PNI)$0.040045 - -
PIMCO Municipal Income Fund III(NYSE: PMX)$0.046000 - -
PIMCO California Municipal Income Fund III(NYSE: PZC)$0.038000 - -
PIMCO New York Municipal Income Fund III(NYSE: PYN)$0.035490 - -
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Contributor ○

Re: July distribution announcements

All the wailing and wringing of hands the last few months about how PIMCO wasn't going to be able to maintain their dividend. Everyone looking at July announcement, as it was beginning of the fiscal year, as the time to cut. 

Either PIMCO is smarter than we give them credit for, or they're working hard to hold on until things improve and they get the coverage they need. 

FWIW, the NAV for PCI beginning of April was $16.26. By mid June it was $17.88. An increase of nearly 10%. PDI went from $20.05 to $22.34, an increase in NAV of over 11%.

So NAV for their funds have improved significantly from the market crash. Again, maybe PIMCO knows what they're doing. 

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Frequent Contributor

Re: July distribution announcements

XPCIX had the lowest value of $15.58 and the price went below 15 on 3/25/2020. I remember to have bought a few hundreds - may be more than 1000 shares -  around 15. I am still under but that is a different story. In any case, it is at 18.13 or so. The price has moved to 18.53. Now, the yield has dropped below 12%. I will not be surprised if it drops back to the 9% level by the end of the year based on the steady growth of the NAV and the price.

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Contributor ○

Re: July distribution announcements

@ECEPROF 

Which adds to why PIMCO didn't cut the dividend. If they believe in the NAV and it will increase, then the yield on these CEFs are usually around 9%. Nice Buy at $15 or so. I got some PCI at $16.75 and PDI at $21.33. I didn't nail the bottom, but got some shares at a great price. 

I'm down for the year, but the income from PIMCO is great. 

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Frequent Contributor

Re: July distribution announcements


@astrokng wrote:

@ECEPROF 

Which adds to why PIMCO didn't cut the dividend. If they believe in the NAV and it will increase, then the yield on these CEFs are usually around 9%. Nice Buy at $15 or so. I got some PCI at $16.75 and PDI at $21.33. I didn't nail the bottom, but got some shares at a great price. 

I'm down for the year, but the income from PIMCO is great. 


I recall Yogi got even at 14+ but he had set a sale at some upper level and got sold. I am sure PIMCO has some tricks in its bag and can play some magic, I suppose.

I assume that my income will increase to 150% of last year. Thank God, it is all from ROTH accounts and I do not have to pay taxes on this income. Most of it get reinvested in the same or other securities. I stopped buying PCI for two months now because I have about 26%+ of PCI in my portfolio and another 9.6% of KIO.

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Frequent Contributor

Re: July distribution announcements

@ECEPROF , yes, in my taxable a/c, I bought PCI at 14+ for trade and got out at 18+.

In taxable a/c, I am holding munis like NVG, NZF, NMF [those I also bought in March but held on to them].

I could have bought and held PCI in tax-deferred but Schwab didn't allow some trades in March in IRAs without ready cash.

YBB
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Highlighted
Contributor ○

Re: July distribution announcements

7/7

RSF decreased 19%

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Follower ○○

Re: July distribution announcements

ASG increased Q distribution 0.11 to 0.13

USA increased Q distribution 0.14 to 0.16

Oz

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Highlighted
Contributor ○

Re: July distribution announcements

7/14

FSLF decreased 7% (recent ticker change - this use to be TSLF)

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Highlighted
Contributor ○

Re: July distribution announcements

7/20

FIV decreased 12%

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Follower ○○

Re: July distribution announcements

Flaherty & Crumrine/Claymore Total Return Fund (NYSE:FLC) declares $0.132/share monthly dividend, 9.1% increase from prior dividend of $0.121.

Forward yield 7.55%

Payable Aug. 31; for shareholders of record Aug. 24; ex-div Aug. 21.

Payable Sept. 30; for shareholders of record Sept. 23; ex-div Sept. 22.

Payable Oct. 30; for shareholders of record Oct. 23; ex-div Oct. 22.

 

Flaherty&Crumrine/Claymore Preferred Securities Income Fund (NYSE:FFC) declares $0.129/share monthly dividend, 9.3% increase from prior dividend of $0.118.

Forward yield 7.35%

Payable Aug. 31; for shareholders of record Aug. 24; ex-div Aug. 21.

Payable Sep. 30; for shareholders of record Sep. 23; ex-div Sep. 22.

Payable Oct. 30; for shareholders of record Oct. 23; ex-div Oct. 22

 

2nd increase this year for both

Oz

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Participant ○○○

Re: July distribution announcements

KIO holds at 0.125/mo for Aug, Sept & Oct

KKR Income Opportunities Fund

The monthly distribution schedule is as follows for the months of August, September and October:

Ex-Date: August 13, 2020

Record Date: August 14, 2020

Payable Date: August 31, 2020

Amount: $0.125 per share

Ex-Date: September 10, 2020

Record Date: September 11, 2020

Payable Date: September 30, 2020

Amount: $0.125 per share

Ex-Date: October 8, 2020

Record Date: October 9, 2020

Payable Date: October 30, 2020

Amount: $0.125 per share

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