PIMCO Access Income Fund

PAXS

Market cap $680M

NEW YORK--(BUSINESS WIRE)--The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution for each Fund's common shares as summarized below.

PIMCO Access Income Fund (PAXS) is upgraded to a buy as it now trades at a discount to NAV and maintains strong dividend coverage. PAXS offers a compelling 12.7% yield with monthly payouts, supported by robust net investment income and disciplined distribution management. The fund's NAV has steadily grown despite a challenging rate environment, though upside is limited and returns are primarily income-driven.

PIMCO stands out as one of the oldest and best fixed-income managers, focusing on high-yield bond opportunities for income investors. The firm's prudent use of leverage and active management has preserved income even during periods of yield starvation and current market stress. Current market conditions present an especially interesting setup for bonds and for PIMCO's approach to navigating them.

PIMCO closed-end funds offer attractive yields, with current valuations at the cheaper end of long-term ranges, especially for PTY, PCN, and PDI. Leverage levels remain below historical averages, providing flexibility to increase net investment income and support distributions if needed. Distribution coverage ratios are generally below 100%, but not alarmingly so. ATM offerings bolster coverage for most funds, reducing near-term cut risks.

NEW YORK--(BUSINESS WIRE)--The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution for each Fund's common shares as summarized below. For the following Funds, the distributions are payable on June 1, 2026 to shareholders of record on May 11, 2026, with an ex-dividend date of May 11, 2026: Monthly Distribution Per Share Fund NYSE Symbol Amount Change From Previous Month Percentage Change From Previo.

NEW YORK--(BUSINESS WIRE)--The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution for each Fund's common shares as summarized below. For the following Funds, the distributions are payable on May 1, 2026 to shareholders of record on April 13, 2026, with an ex-dividend date of April 13, 2026: Monthly Distribution Per Share Fund NYSE Symbol Amount Change From Previous Month Percentage Change From Pre.

PIMCO Access Income Fund is rated a Buy for income-focused investors seeking long-term, high-yield opportunities. PAXS offers a consistent 12.28% annual yield with monthly distributions and currently trades at a rare -0.88% discount to NAV. The fund is diversified across sectors and maturities, employs 39% leverage, and is managed by a highly experienced PIMCO team.

NEW YORK, March 02, 2026 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution for each Fund's common shares as summarized below.

NEW YORK, Feb. 02, 2026 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution for each Fund's common shares as summarized below.

PIMCO Access Income Fund remains rated Hold due to its premium valuation and short operating history. PAXS offers an 11.2% dividend yield, supported by recent earnings, but leverage and high-yield credit exposure heighten interest rate sensitivity. The fund trades at a 3.49% premium to NAV, above its historical average, raising valuation concerns in the current environment.