PTY Has Rebounded, But It Will Be Difficult To Move Higher From Here [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
PTY Has Rebounded, But It Will Be Difficult To Move Higher From HereApr. 28, 2020 6:57 PM ET|About:PIMCO Corporate&Income Opportunity Fund (PTY)by: Dividend SeekerETF investing, dividend investing, long-term horizon, valueSummaryPTY has rebounded nicely off its lows, but is still down substantially for the year.The fund has been a strong performer over the long term, but its considerable premium to NAV makes me cautious at this time.Headwinds abound in the non-agency MBS and high yield credit sectors. This reality is pressuring PTY's income metrics in the short term.Main ThesisThe purpose of this article is to evaluate the PIMCO Corporate & Income Opportunity Fund (BackgroundFirst, a little about PTY. Thefund's objectiveSource:Given PTY's fall of grace, and subsequent rebound from the March lows, I wanted to take the opportunity to reassess PTY to see if I should change my outlook from here. After review, I continue to see too many headwinds on the horizon to warrant a "bullish" rati
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Sec Filings
- 12/10/24 - Form 3
- 11/27/24 - Form NPORT-P
- 9/23/24 - Form N-CSR/A
- PTY's page on the SEC website