PIMCO CORP.+INCOME OPP.FD

NEW YORK, June 02, 2025 (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 July 1, 2025 to shareholders of record on June 12, 2025, with an ex-dividend date of June 12, 2025.» Mehr auf globenewswire.com

I maintain a 'hold' rating on PTY due to its persistently high premium to NAV, making it an expensive entry point. PTY remains heavily exposed to high yield credit, which I view as risky given current macroeconomic and trade uncertainties. While the fund's diversification and active management are positives, they do not outweigh my concerns about valuation and sector risk.» Mehr auf seekingalpha.com

PTY offers a strong 10.4% yield and has an exemplary long-term track record, but currently trades at an 18.2% premium to NAV. Pimco's active management and tactical use of leverage have historically generated alpha, but today's environment is less favorable for sustaining high distributions. The DRIP program and tactical share issuance add value for long-term holders, but buying at a high premium carries significant risks.» Mehr auf seekingalpha.com