PFN Research | Milton Maxwell

PFN

PIMCO Income Strategy Fund II

7.29

-0.04-0.55%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

687.26M

P/E (TTM)

Basic EPS (TTM)

0.00

Dividend Yield

0.12%

Recent Filings

8-K

New corporate investment guideline

8/20/24Aug 20, 2024

PIMCO Income Strategy Fund II's board approved a new non-fundamental guideline on August 15, 2024, mandating at least 50% of total assets in corporate debt obligations and securities like bonds, notes, preferred shares, and bank loans, effective September 20, 2024. This shift emphasizes corporate fixed-income exposure. It sharpens the fund's portfolio focus.

8-K

New co-portfolio manager joins

9/26/23Sep 26, 2023

PIMCO Income Strategy Fund II announced on September 26, 2023, that effective October 2, Giang Bui joins Alfred T. Murata and Mohit Mittal as co-portfolio manager, sharing day-to-day responsibilities for its income-focused strategies. Bui, with 24 years of experience in securitized debt like CLOs, bolsters the team's expertise in credit and structured products. This lineup manages vast assets across accounts. No ownership in the fund by any manager.

8-K

PFN declares monthly distribution

12/2/22Dec 2, 2022

PIMCO Income Strategy Fund II declared a monthly distribution of $0.071800 per common share, payable January 3, 2023, to shareholders of record December 12, 2022, with an ex-dividend date of December 9, 2022. This yields 12.26% annualized based on NAV and 11.88% on market price as of October 31, 2022, amid recent NAV returns of -15.24% over one year. Distributions may include return of capital, not reflecting yield.

8-K

Fiscal year shift, foreign cap removed

3/30/22Mar 30, 2022

PIMCO Income Strategy Fund II shifted its fiscal year end from July 31 to June 30, effective April 1, 2022, aligning reporting with a shorter period ending June 30. The board also lifted the 25% cap on foreign currency-denominated securities, effective April 29, allowing unlimited non-U.S. dollar investments while retaining emerging market limits. This boosts flexibility for global debt exposure. Boards approve tweaks.

8-K

PIMCO Funds launch ARPS tender offers

9/18/14Sep 18, 2014

PIMCO Income Strategy Fund and PIMCO Income Strategy Fund II announced voluntary tender offers starting September 19, 2014, for up to 100% of their outstanding auction rate preferred shares at $22,500 per share—90% of the $25,000 liquidation preference—plus accrued unpaid dividends and a non-transferrable contingent payment right. This settles disputes with Brigade Capital, who will tender all their ARPS holdings and resign their board seats upon completion, while agreeing to a three-year standstill on activism against the funds and affiliates. Tenders expire October 31, 2014. Brigade exits leverage fights.

About

PIMCO Income Strategy Fund II is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in the fixed income markets of the United States. It invests in securities of companies operating across the diversified sectors. The fund invests in floating-rate debt instruments primarily high-yield senior floating-rate loans. It employs fundamental analysis with top-down approach to create its portfolio. The fund conducts an in-house research to make its investments. It was formerly known as PIMCO Floating Rate Strategy Fund. PIMCO Income Strategy Fund II was formed on June 30, 2004 and is domiciled in the United States.

CEO

Mr. Craig Allen Dawson C.F.A., CFA

IPO

10/27/2004

Website

https://www.allianzinvestors.com/Products/pages/16.aspx

Sector

Financial Services

Industry

Asset Management