PIMCO Income Strategy Fund II

PFN

Market cap $693M

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's Income Strategy Fund and Income Strategy Fund II offer a compelling pair trade opportunity amid current market volatility. Both funds share nearly identical multi-sector debt strategies, managed by the same team, resulting in highly correlated portfolios and performance. Recent market dislocations have led to mispricing between PFL and PFN, creating a positive mean reversion expectation for the pair trade.

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.

PIMCO Income Strategy Fund II offers an attractive 11.6% yield, with a Buy rating justified by anticipated Fed rate cuts. PFN's portfolio is diversified by sector and maturity but relies heavily on high-yield credit and leverage to support distributions. Dividend and NAV declines since 2020 reflect rate-driven headwinds, yet PFN has delivered positive total returns over the long run.

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.

NEW YORK, Jan. 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, Dec. 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.

PFN delivered a robust performance in 2025, confirming a year-to-date total return near +10%. Historically, PFN is significantly more volatile than a passive high-yield ETF like JNK, delivering approximately 1.5x. The fund has reduced its total leverage to around 15%, prioritizing lower risk. Its portfolio is strategically hedged, featuring a low duration-weighted exposure to high-yield credit (15%). The high 11.7% distribution rate is not fully covered by cash flow, with approximately 23% funded by return of capital (ROC).

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.

PIMCO Income Strategy Fund II is upgraded to a Buy, offering an 11.3% yield and consistent income for income-focused investors. PFN's diversified portfolio, moderate leverage, and strong net investment income support stable distributions and capital preservation. Despite higher interest rates and a slight premium to NAV, PFN's earnings cover most distributions, reducing reliance on realized gains.