PGP: Still A Mixed Bag, But High Yield Should Support Share Price [Seeking Alpha]
Pimco Global Stocksplus & Income Fund Pimco Global StocksPlus & Income Fund Common Shares of Beneficial Interest (PGP)
US:NYSE Investor Relations:
pimco.com/en-us/investments/closed-end-funds/global-stocksplus-income-fund
Company Research
Source: Seeking Alpha
PGP: Still A Mixed Bag, But High Yield Should Support Share Price Main Thesis The purpose of this article is to evaluate the PIMCO Global StocksPLUS & Income Fund ( PGP With this in mind, PGP could offer risk-taking investors a decent entry point. While the fund's premium suggests those interested in preserving capital should probably avoid it, investors driven primarily for high current income could find some value. The fund's yield sits above 9%, which should continue to draw interest. Furthermore, while the premium is rich, PGP has a history of trading much higher than its current value. This tells me the yield will probably support the share price for the time being. Finally, PGP is currently receiving interest of 12.5% on notes through the Spanish Broadcasting System, Inc. ( OTCQB:SBSAA Background First, a little about PGP. The fund's objective Seeking Alpha As you can see, this short-term drop has been quite painful, and provides confirmation that this fund is only suitable for
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PGP
Sec Filings
- 3/5/24 - Form N-CSRS
- 2/27/24 - Form NPORT-P
- 2/5/24 - Form 3
- PGP's page on the SEC website