PIMCO Dynamic Income Fund

PDI

Market cap $7.55B

PIMCO Dynamic Income Fund (PDI) now offers a 15% dividend yield after a recent share price pullback, making it more attractive for income-focused investors. PDI's valuation is appealing, trading at a low 3-4% premium to net asset value versus past double-digit premiums. The fund benefits from recent interest rate declines, which have stabilized its net asset value and could provide further upside if rates fall more.

PIMCO Dynamic Income Fund upgraded to Hold as yield rises to 15.16%, near a 10-year high, providing a margin of safety. PDI's price-to-NAV premium has also dropped to a multi-year low. Such unusual yield and price premium suggest substantial pessimism is already priced in, limiting further downside risks.

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NEW YORK, Nov. 03, 2025 (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.

Currently, there is a negative sentiment on PDI out there. It makes sense, given the recent underperformance, high ROC, and ~14% yield, which seems too good to be true. However, if we look deeper into the fundamentals, the case for high yield and sustainable NAV remains very strong.

PIMCO Dynamic Income Fund is downgraded to Hold as it trades at a 14.3% premium to NAV and faces earnings pressure. PDI's high 13.7% yield and monthly payouts remain attractive, but dividend coverage has weakened due to higher rates and inconsistent net realized gains. The fund's reliance on leverage and high-yield credit, combined with a challenging rate environment, limits capital appreciation potential and increases risk.

PIMCO Dynamic Income Fund has a great track record. However, PDI is getting really risky. We detail why we rate it a sell.

For those who adopt a dividend strategy, having a “thermometer” with which to measure the real performance of our stocks is an immense advantage. This thermometer is NAV, a simple line on a graph that anyone can observe and understand without the need for calculations or interpretations. If it grows over the years, it means that the security earned its distributions: if it goes down, it means that it paid them at the expense of NAV.

NEW YORK, Oct. 01, 2025 (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. For the following Funds, the distributions are payable on November 3, 2025 to shareholders of record on October 14, 2025, with an ex-dividend date of October 14, 2025:       Monthly DistributionPer Share   Fund NYSE Symbol Amount Change FromPreviousMonth PercentageChange FromPreviousMonth PIMCO Corporate & Income Strategy Fund (NYSE: PCN) $0.112500 - - PIMCO Corporate & Income Opportunity Fund (NYSE: PTY) $0.118800 - - PIMCO Global StocksPLUS® & Income Fund (NYSE: PGP) $0.069000 - - PIMCO High Income Fund (NYSE: PHK) $0.048000 - - PIMCO Strategic Income Fund, Inc. (NYSE: RCS) $0.040000 - - PCM Fund, Inc. (NYSE: PCM) $0.064240 - - PIMCO Income Strategy Fund (NYSE: PFL) $0.081400 - - PIMCO Income Strategy Fund II (NYSE: PFN) $0.071800 - - PIMCO Dynamic Income Fund (NYSE: PDI) $0.220500 - - PIMCO Dynamic Income Opportunities Fund (NYSE: PDO) $0.127900 - - PIMCO California Municipal Income Fund (NYSE: PCQ) $0.036000 - - PIMCO Municipal Income Fund II (NYSE: PML) $0.039500 - - PIMCO New York Municipal Income Fund II (NYSE: PNI) $0.029500 - - PIMCO Access Income Fund (NYSE: PAXS) $0.149400 - - PIMCO Dynamic Income Strategy Fund (NYSE: PDX) $0.133400 - -           Fund Distribution Information as of August 31, 2025: Fund NYSE Symbol CurrentAmount Annualizedcurrentdistributionrateexpressed asa percentageof NAV as of8/31/2025 Annualizedcurrentdistribution rateexpressed as apercentage ofMarket Price asof 8/31/2025 PIMCO Corporate & Income Strategy Fund (NYSE: PCN) $0.112500 11.33% 10.33% PIMCO Corporate & Income Opportunity Fund (NYSE: PTY) $0.118800 12.01% 10.07% PIMCO Global StocksPLUS® & Income Fund (NYSE: PGP) $0.069000 9.87% 9.74% PIMCO High Income Fund (NYSE: PHK) $0.048000 12.36% 11.61% PIMCO Strategic Income Fund, Inc. (NYSE: RCS) $0.040000 10.37% 6.64% PCM Fund, Inc. (NYSE: PCM) $0.064240 12.98% 12.14% PIMCO Income Strategy Fund (NYSE: PFL) $0.081400 12.16% 11.49% PIMCO Income Strategy Fund II (NYSE: PFN) $0.071800 12.00% 11.34% PIMCO Dynamic Income Fund (NYSE: PDI) $0.220500 15.56% 13.47% PIMCO Dynamic Income Opportunities Fund (NYSE: PDO) $0.127900 11.58% 11.07% PIMCO California Municipal Income Fund (NYSE: PCQ) $0.036000 4.69% 5.22% PIMCO Municipal Income Fund II (NYSE: PML) $0.039500 6.16% 6.52% PIMCO New York Municipal Income Fund II (NYSE: PNI) $0.029500 4.81% 5.36% PIMCO Access Income Fund (NYSE: PAXS) $0.149400 11.60% 11.15% PIMCO Dynamic Income Strategy Fund (NYSE: PDX) $0.133400 6.13% 6.48%           Distribution rates are not performance and are calculated by annualizing the current distribution per share announced in this press release and dividing by the NAV or Market Price, as applicable, as of the reported date.