PIMCO Corporate & Income Strategy Fund (PCN) To Go Ex-Dividend on November 13th

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) declared a monthly dividend on Monday, November 2nd. Investors of record on Friday, November 13th will be paid a dividend of $0.1125 per share by the investment management company on Tuesday, December 1st. This represents a $1.35 dividend on an annualized basis and a yield of 12.1%. The ex-dividend date is Friday, November 13th.

PIMCO Corporate & Income Strategy Fund Stock Performance

Shares of NYSE PCN opened at $11.12 on Wednesday. PIMCO Corporate & Income Strategy Fund has a fifty-two week low of $10.44 and a fifty-two week high of $12.96. The business has a 50 day moving average price of $10.97 and a two-hundred day moving average price of $11.75.

Hedge Funds Weigh In On PIMCO Corporate & Income Strategy Fund

Several institutional investors and hedge funds have recently made changes to their positions in PCN. Bank of America Corp DE acquired a new position in PIMCO Corporate & Income Strategy Fund during the 2nd quarter worth $3,334,000. Venture Visionary Partners LLC grew its stake in PIMCO Corporate & Income Strategy Fund by 51.8% in the third quarter. Venture Visionary Partners LLC now owns 263,222 shares of the investment management company’s stock worth $2,809,000 after purchasing an additional 89,849 shares in the last quarter. Rivernorth Capital Management LLC increased its holdings in PIMCO Corporate & Income Strategy Fund by 20.7% in the second quarter. Rivernorth Capital Management LLC now owns 428,965 shares of the investment management company’s stock valued at $5,126,000 after buying an additional 73,709 shares during the last quarter. Integrated Capital Management Inc. bought a new stake in PIMCO Corporate & Income Strategy Fund in the third quarter valued at about $444,000. Finally, Shaker Financial Services LLC increased its holdings in PIMCO Corporate & Income Strategy Fund by 72.8% in the third quarter. Shaker Financial Services LLC now owns 87,404 shares of the investment management company’s stock valued at $933,000 after buying an additional 36,835 shares during the last quarter.

About PIMCO Corporate & Income Strategy Fund

PIMCO Corporate & Income Strategy Fund (NYSE: PCN) is a closed-end management investment company designed to provide investors with a high level of current income, with capital appreciation as a secondary objective. The fund is managed by PIMCO, a global investment management firm specializing in fixed-income and related strategies. PCN invests primarily in corporate debt obligations and other income-producing securities. Its portfolio may include investment-grade and below-investment-grade bonds, commonly known as high-yield bonds, as well as securities issued by companies and governments in the United States and other countries.