PTY: A Good Time To Shed Weight [Seeking Alpha]
Pimco Corporate & Income Opportunity Fund (PTY)
US:NYSE Investor Relations:
pimco.com/en-us/investments/closed-end-funds/corporate-income-opportunity-fund
Company Research
Source: Seeking Alpha
4.08K Follower s Follow Summary The PIMCO Corporate and Income Opportunity Fund has produced double-digit returns since our latest coverage. Despite offering compelling returns, debt capital markets and the broader lending landscape have reached inflection points. PTY's high exposure to non-investment grade debt and non-agency mortgages is worrisome, as I believe credit risk and prepayment risk will rise in due course. The closed-ended fund has emerging market exposure, adding a secondary layer to its risk profile in the event of a global economic drawdown. Despite possessing a dividend track record, history shows that price risk can dilute this CEF's income-based benefits. gorodenkoff Fixed-income markets are at fever pitch amid a changing debt capital market climate. Therefore, I decided to update our outlook on the PIMCO Corporate and Income Opportunity Fund ( NYSE: PTY , a closed-ended fund that emphasizes the riskier part of the fixed-income market through a di
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PTY
Sec Filings
- 9/23/24 - Form N-CSR/A
- 9/12/24 - Form N-CEN
- 9/4/24 - Form N-CSR
- PTY's page on the SEC website