RCS: Too Darn Expensive [Seeking Alpha]
PIMCO Strategic Income Fund, Inc. (RCS)
US:NYSE Investor Relations:
pimco.com/en-us/investments/closed-end-funds/strategic-income-fund-inc
Company Research
Source: Seeking Alpha
RCS: Too Darn Expensive - PIMCO Strategic Income Fund, Inc (NYSE:RCS) | Seeking Alpha Closed End Funds RCS: Too Darn Expensive Aug. 26, 2019 2:19 PM ET | About: PIMCO Strategic Income Fund, Inc (RCS) by: Dividend Seeker ETF investing, dividend investing, long-term horizon, value Summary RCS remains the most expensive PIMCO CEF available today, with a premium to NAV over 37%. The fund was a victim of a distribution cut earlier this year, which has greatly hurt its short-term returns. RCS is heavily weighted towards MBS. With interest rates declining, prepayment risk in this sector has been elevated, presenting a headwind. Main Thesis The purpose of this article is to evaluate the PIMCO Strategic Income Fund ( Background First, a little about RCS. It is a closed-end fund whose objective Seeking Alpha Now that some time has passed post-distribution cut, I wanted to reassess RCS to see if my outlook should change. After review, I continue to believe RCS does not offer a very attractive r
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Sec Filings
- 12/10/24 - Form 3
- 11/27/24 - Form NPORT-P
- 9/23/24 - Form N-CSR/A
- RCS's page on the SEC website