Pimco Income Strategy Fund (PFL) Reaches New 52-Week High and Low After Dividend Announcement

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Pimco Income Strategy Fund (NYSE:PFL)’s share price reached a new 52-week high and low on Tuesday following a dividend announcement from the company. The stock traded as low as $12.54 and last traded at $12.48, with a volume of 6395 shares traded. The stock had previously closed at $12.40.

The newly announced dividend which will be paid on Monday, July 2nd. Investors of record on Monday, June 11th will be paid a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 8.65%. The ex-dividend date is Friday, June 8th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ladenburg Thalmann Financial Services Inc. grew its holdings in Pimco Income Strategy Fund by 4.5% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 152,913 shares of the investment management company’s stock valued at $1,787,000 after buying an additional 6,583 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in Pimco Income Strategy Fund by 20.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 141,622 shares of the investment management company’s stock valued at $1,655,000 after buying an additional 23,916 shares in the last quarter. Guggenheim Capital LLC grew its holdings in Pimco Income Strategy Fund by 4.6% in the 1st quarter. Guggenheim Capital LLC now owns 110,120 shares of the investment management company’s stock valued at $1,287,000 after buying an additional 4,811 shares in the last quarter. RMB Capital Management LLC grew its holdings in Pimco Income Strategy Fund by 130.0% in the 1st quarter. RMB Capital Management LLC now owns 68,892 shares of the investment management company’s stock valued at $805,000 after buying an additional 38,942 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. acquired a new position in Pimco Income Strategy Fund in the 1st quarter valued at $291,000.

About Pimco Income Strategy Fund

PIMCO Income Strategy Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek high current income, consistent with the preservation of capital. The Fund invests in a diversified portfolio of floating and/or fixed-rate debt instruments.

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