PIMCO Corporate & Income Strategy Fund
PCN
New York Stock Exchange- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- PIMCO Corporate & Income Strategy Fund (PCN) is a closed-end management investment company that seeks current income and capital appreciation through a diversified portfolio of fixed-income securities. The fund invests primarily in a broad range of corporate debt obligations, including high-yield bonds, investment-grade corporate bonds, mortgage-backed securities, and asset-backed securities; it also allocates to U.S. government securities, sovereign debt, and emerging market bonds to enhance yield and diversification. Managed by Pacific Investment Management Company LLC (PIMCO), a leading global fixed-income investment manager, PCN employs active management strategies such as duration management, credit selection, and sector rotation to navigate interest rate and credit market dynamics. The fund is listed on the New York Stock Exchange under the ticker PCN and targets income-oriented investors, including retail and institutional clients seeking higher yields than traditional bond funds. Headquartered in Newport Beach, California, PIMCO was founded in 1971 as a subsidiary of PIMCO's parent organization and oversees PCN as part of its extensive lineup of closed-end funds focused on income generation across fixed-income segments. PCN operates globally, with investments spanning North America, Europe, Asia-Pacific, and emerging markets, reflecting PIMCO's worldwide research and trading capabilities. The fund distributes income monthly, leveraging PIMCO's proprietary total return approach that balances income, capital preservation, and opportunistic growth. No major subsidiaries or parent fund relationships apply directly to PCN, though it benefits from PIMCO's affiliation with Allianz Global Investors. In recent developments, PCN maintained stable operations amid 2024-2025 market volatility, with PIMCO announcing enhancements to its closed-end fund lineup including refined leverage strategies and increased exposure to floating-rate notes in response to elevated interest rates. The fund participated in PIMCO's broader 2025 strategic initiatives, such as expanded ESG integration across fixed-income portfolios and a new partnership with Allianz Global Investors to bolster sustainable bond offerings. No significant acquisitions, funding rounds, or name changes were reported for PCN in the last two years, underscoring its focus on consistent performance rather than structural shifts.