You just can't stand it, can you child.After having been wrong for 6 years about the distribution crashing. You are, once again, WRONG. Here's a thought, for your unused mental capacity, maybe the statement on page 97 about nav and closed end funds is not a universal truth. GASP
Learn to think instead to just puking out the #$%$ someone, who didn't really know anything, taught you. 'arrrrvarrrd is a dispenser of stupidity aND ANYONE STUPID ENOUGH TO WASTE A QUARTER OF A MILLION OF THEIR PARENTS DOLLARS AND WASTING 5 YEARS GETTING AN MBA THERE, IS A MORON.
Just adding to my prior post-As I have been saying, "distribution" is just an arbitrary amount decided by management, and whether it is increased, decreased, or stays the same should have no effect on price or value of the fund--
However, the sheeple owning this fund would probably sell if what they call their "income" or distribution is reduced, despite the warning for pimco that the distribution is NOT income and is NOT yield of the fund!!!
Distributions may include ordinary income, net capital gains and/or returns of capital. Generally, a return of capital occurs when the amount distributed by a Fund includes a portion of (or is comprised entirely of) your investment in the Fund in addition to (or rather than) your pro-rata portion of the Fund's net income or capital gains. A Fund's distributions in any period may be more or less than the net return earned by the Fund on its investments, and therefore should not be used as a measure of performance or confused with "yield" or "income."
PIMCO CLOSED-END FUNDS DECLARE
MONTHLY COMMON SHARE DISTRIBUTIONS
NEW YORK, NY, October 1, 2014– The Boards of Trustees/Directors of the PIMCO closed-end funds (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 November 3, 2014 to shareholders of record on October 14, 2014, with an ex-dividend date of October 9, 2014.
Monthly Distribution Per Share
PIMCO Corporate & Income Strategy Fund
PIMCO Corporate & Income Opportunity Fund
PIMCO Global StocksPLUS® & Income Fund
PIMCO High Income Fund
Hey Dan, maybe they are delayed/cut because they can't account for the NAV's because they have been using the funds to cover outflows in the open ends....:-)
I just went on Pimco's Investor relations website, and I am on track for a monthly divvy of 488 US. Thanks Bill. The news release for November was released today- and the divvy is pretty much the same as the last month- https://investments.pimco.com/ShareholderCommunications/External%20Documents/Funds%20Declare%20Monthly%20Common%20Shares%20Dividend%2010.01.14.pdf
Usually the press release with dividends is on yahoo stock news at 401 pm on first trading day of month. It is not showing up now--hmmmm, did they change anything???
hum,.. if you are waiting for 10?,.. in the mean time, maybe it would be worth trading and collecting a great div while it is under 12... getting rid of G was a good move.
Either way..see you in the $10's and $9's!
The ONLY WAY TO PROTECT YOURSELF IS TO TAKE SCALPS AND RUN WITH YOUR PROFITS AND WAIT FOR ANOTHER COLLUDED PRICE PER SHARE DROP!
Yeah I know they are all honest.
I wonder if they lose all their money will they come hunt you down and to see if you are part of the racket before they disturb you during dinner with your family?
Got out of pgp shorts today by buying at 19.40, was out of phk, so no more short positions, and closed all at a profit after divs, and by coincidence, they are higher than I bought them back for on a bounce. But I believe they will ultimately collapse, and if they dont (and the market is irrational) I am prepared to short again if phk premium goes above 50%, and pgp premium over 60%
Buying on margin is not recommended for most--you pay interest on borrowed money which on maximum amount is 8.63% in merril lynch. In the past margin interest (at most) was only two or three points above broker call which is now 2%. ( I know, some other brokerages advertise very low margin rates)
And 2-this is a lousy investment--zero profits in two years and you would have shelled out close to 20% for the privilege--and margin interest is deductible for those who itemize.
The dividend is whatever management decides, it is NOT based or earnings, profits, or anything else. So far the dividend payments have resulted in the assets of the fund being cut in half.
For those thinking about this, look at cornerstone crf which was paying approx 20% of $40 market price price and has gone down to paying approx 20% of $5 current market price over 10 years. The result BEFORE margin over 10 years would be ZERO. After margin you would lose your shirt, and be subject to lots of margin calls.