PIMCO Income Strategy Fund II (PFN) to Issue Monthly Dividend of $0.07 on April 1st

PIMCO Income Strategy Fund II (NYSE:PFN) announced a monthly dividend on Monday, March 2nd. Investors of record on Thursday, March 12th will be paid a dividend of 0.0718 per share by the financial services provider on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 11.9%. The ex-dividend date of this dividend is Thursday, March 12th.

PIMCO Income Strategy Fund II Trading Up 0.3%

NYSE PFN traded up $0.02 on Wednesday, hitting $7.23. 48,324 shares of the stock traded hands, compared to its average volume of 425,334. The stock has a 50-day moving average of $7.41 and a 200 day moving average of $7.47. PIMCO Income Strategy Fund II has a twelve month low of $6.26 and a twelve month high of $7.67.

About PIMCO Income Strategy Fund II

PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end management investment company that seeks to provide high current income by investing principally in a diversified portfolio of credit instruments. The fund’s assets are allocated across a range of fixed income sectors, including corporate debt, asset- and mortgage-backed securities, emerging market debt, and other income-producing instruments, both in the U.S. and international markets.

The fund employs a flexible investment approach designed by PIMCO’s portfolio management team, incorporating the use of leverage and derivatives to enhance yield and manage duration risk.