PIMCO Corporate & Income Strategy Fund (PCN) to Issue Monthly Dividend of $0.11 on September 1st

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) announced a monthly dividend on Monday, August 3rd. Investors of record on Thursday, August 13th will be paid a dividend of 0.1125 per share by the investment management company on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 11.4%. The ex-dividend date is Thursday, August 13th.

PIMCO Corporate & Income Strategy Fund Trading Up 0.3%

Shares of PIMCO Corporate & Income Strategy Fund stock opened at $11.89 on Tuesday. PIMCO Corporate & Income Strategy Fund has a 1 year low of $11.40 and a 1 year high of $13.49. The company has a 50 day simple moving average of $11.75 and a two-hundred day simple moving average of $12.05.

Institutional Trading of PIMCO Corporate & Income Strategy Fund

A number of hedge funds have recently made changes to their positions in the stock. Invesco Ltd. increased its stake in PIMCO Corporate & Income Strategy Fund by 9.6% in the second quarter. Invesco Ltd. now owns 449,815 shares of the investment management company’s stock valued at $5,708,000 after acquiring an additional 39,540 shares during the last quarter. Peapack Gladstone Financial Corp lifted its stake in PIMCO Corporate & Income Strategy Fund by 72.0% during the second quarter. Peapack Gladstone Financial Corp now owns 29,578 shares of the investment management company’s stock worth $375,000 after purchasing an additional 12,378 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of PIMCO Corporate & Income Strategy Fund in the 2nd quarter worth about $551,000. Bank of America Corp DE boosted its holdings in shares of PIMCO Corporate & Income Strategy Fund by 5.0% in the 2nd quarter. Bank of America Corp DE now owns 244,615 shares of the investment management company’s stock worth $3,104,000 after purchasing an additional 11,660 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in shares of PIMCO Corporate & Income Strategy Fund during the 2nd quarter valued at about $1,463,000.

About PIMCO Corporate & Income Strategy Fund

PIMCO Corporate & Income Strategy Fund (NYSE: PCN) is a diversified, closed-end management investment company that seeks to maximize current income while preserving capital and, secondarily, achieving long-term growth of capital. Listed on the New York Stock Exchange, the fund provides investors with actively managed exposure to global fixed-income markets through a pooled vehicle structure that can trade at premiums or discounts to net asset value.

The fund pursues its income objective by investing primarily in U.S.