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Business Wire (Apr 3, 2013)
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Business Wire (Feb 27, 2013)
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Business Wire (Nov 30, 2012)
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There are no Transcripts on PHK.
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Business Wire (Apr 3, 2013)
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Business Wire (Feb 27, 2013)
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Business Wire (Nov 30, 2012)
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Business Wire (Aug 29, 2012)
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at MarketWatch.com (Jul 18, 2012)
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Business Wire (May 29, 2012)
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at CNBC.com (Dec 29, 2011)
PHK vs. ETF Alternatives
Company Description
Currently, there's no company description for PHK.
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Wednesday, May 1, 11:56 AM Morningstar's Steven Pikelny calls on three closed-end income funds - MIN, PHK, and KMM - to cut their distributions, noting none consistently come close to actually earning their payout. By itself, that's not a no-no as shareholders can reinvest the distribution back into the fund. But when the fund trades at a premium to NAV - as all 3 of these do - such reinvestment leaves the shareholder worse off. 2 Comments [Financials, Quick Ideas]
- Wednesday, April 3, 4:12 PM The Pimco High Income Fund (PHK) alters its mandate to allow the manager to invest in IO (interest-only) and PO (principal-only) securities, as well as inverse floaters. Pimco's Dynamic Income Fund (PDI) has had a great deal of success with this strategy since its launch about a year ago, and trades at NAV as opposed to the closed-end PHK at a whopping 44% premium to NAV. 3 Comments [Financials]
- Monday, December 3, 2012, 4:39 PM PIMCO High Income Fund (PHK) declares $0.12/share monthly dividend, in line with previous. Forward yield 12.66%. For shareholders of record Dec. 13. Payable Jan. 02. Ex-div date Dec. 11. (PR) 3 Comments [Dividends]
- Wednesday, November 14, 2012, 11:31 AM They're getting there. Closed-end investment funds take it on the chin again, with the PIMCO High Income Fund (PHK -6.6%) leading. At $10.56, the fund no longer sports a ridiculous near-75% premium to NAV, but with NAV currently at $8.32, there remains a wide gulf. 10 Comments [Financials, On the Move]
- Monday, October 15, 2012, 3:04 PM "Eat(ing) his own cooking," Bill Gross puts his own money into two Pimco closed-end offerings trading at premiums to their NAV. PCN and PTY sell at "just" 17%. and 18.5% premiums, respectively, but Gross notably did not pick up any PHK or PGP, both trading at more than 50% over NAV even after the recent sell-off. 1 Comment [Financials]
- Wednesday, October 10, 2012, 12:41 PM Not limited to mortgage REITs, panic grips another favorite of income investors, closed-end investment funds - notably those trading far above NAV for seemingly no other reason than their fat yield. The payouts on many of these are sustained by digging into capital rather than by earning a return on it. PGP -7.5%, PHK -7.8%, PHT -5.5%. 8 Comments [Financials]
- Monday, October 8, 2012, 3:25 PM Blinded by fat yields, investors continue to bid closed-end funds far higher than their NAVs. 66% of taxable and 73% of muni-bond funds trade above NAV now, compared to just 30% a year ago, with often the funds with the highest distributions having the highest premiums. "We believe that an excessive premium for the fund is not likely to be sustainable," says Gabelli of one of its funds. Are investors listening? 35 Comments [Financials]
- Wednesday, August 29, 2012, 4:17 PM Pimco High Income Fund (PHK): Q2 net investment income of $0.24/share, down from $0.27 a year ago (current monthly distribution is $0.12, or $0.36/quarter). Net asset value/share of $7.80, down from $9.09 a year ago. The stock (on June 30) trades at a premium to NAV of 73.6%, up from 49.8% a year ago. (PR) 8 Comments [Financials, Earnings]
- Wednesday, December 30, 2009, 2:57 PM Zero Hedge speculates whether a dividend tip is behind today's 27% cliff-dive (before an immediate rebound) in otherwise illiquid megafund Pimco High Income (PHK -8.8%) - or maybe it was just fat fingers. Comment!
- Friday, May 15, 2009, 1:03 PM PIMCO just announced that Bill Gross will take over the day-to-day portfolio management of its High Income Fund (PHK). [PR] 1 Comment
- Thursday, February 26, 2009, 9:24 AM Publicly traded shares of Pimco's Corporate Opportunity Fund (PTY) and High Income Fund (PHK) are under pressure after Pimco said late yesterday it may be forced to postpone dividends as "continued severe market disruptions" have caused heavy declines, denting asset coverage ratios. PTY -7%. PHK -9.2%. Comment!
- Thursday, February 26, 2009, 9:00 AM Premarket losers: TEG -22%. PSYS -12%. PHK -11%. NIHD -10%. PXP -9%. PTY -9%. CGV -7%. GM -6%. ANSS -6%. Comment!
- Tuesday, January 20, 2009, 9:27 AM Despite a tinge of self-promotion, traders seem impressed with Bill Gross telling Barron's Pimco's High Income Fund (PHK) is "about as good a deal as any in the bond market today." Shares +7.5% premarket. Comment!
- Tuesday, January 20, 2009, 9:00 AM Premarket gainers: FAZ +9%. PHK +7%. SKF +7%. MOT +6%. FRX +4%. AUY +3%. QGEN +3%. WEN +3%. Comment!
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jwill53: i know there is an article out there to the effect that true NAV is closer to 8.50 or so, but, is getting mre attractive lately
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NYer1
Think $PHK deserves its Premium? THINK AGAIN!! Just look at its relative total return vs. others : http://seekingalpha.com/p/t9q7 - View all 3 replies
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NYer1: GDV decent if you want stock exposure at a discount but why take the extra risk of stocks when you can get much higher income AND lower risk
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NYer1
$PHK mentioned as an example for a risky high premium fund in a WSJ article published after the market close http://on.wsj.com/SvIroG - View all 0 replies
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Vertical Spread: We are either at the apocolypse, or I am not sure I even need to work a day job any more with these returns.
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Vertical Spread
In my account today - Security: PIMCO HIGH INCOME FUND (PHK) Amount Credited: $32.91. - View all 1 replies
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Vertical Spread
PHK slips.. Yeild now at over 12%. This is either a bad idea, or a game-changing level of income stream. - View all 0 replies
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LATEST REPLIES
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jwill53: i know there is an article out there to the effect that true NAV is closer to 8.50 or so, but, is getting mre attractive lately
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NYer1
Think $PHK deserves its Premium? THINK AGAIN!! Just look at its relative total return vs. others : http://seekingalpha.com/p/t9q7 - View all 3 replies
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NYer1: GDV decent if you want stock exposure at a discount but why take the extra risk of stocks when you can get much higher income AND lower risk
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Vertical Spread: We are either at the apocolypse, or I am not sure I even need to work a day job any more with these returns.
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Vertical Spread
In my account today - Security: PIMCO HIGH INCOME FUND (PHK) Amount Credited: $32.91. - View all 1 replies
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bear2bull2bear
Opened positions in PHK between 12.30 an 12.40..High yielding and maybe the selloff was over done.Lots of Sovereign bonds look bad ! - View all 2 replies
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NYer1: Right..so tell me how many shares have you bought between 12.30 and 12.40? specifically how many shares BELOW 12.40?
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bear2bull2bear: All stops hit.. Between 12.10 and 12.15.. A blunder buy and too soon. NYer1.. was spot on on it's value
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Shane Blackmon: tomorrow at a reasonable price (no discount), it would only be worth $8.38 the NAV for PHK
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Shane Blackmon: You wan't to pay $160 for somethign that is worth only $100?
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Cautious_Bob
Looking back at historical data for PHK, its hard to believe this fund was once $3 to $4 per share, wish I loaded up on it then - View all 1 replies
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NYer1: This fund was at a brink of collapsing back then and had to stop paying its dividend. Now it must return capital to keep the distribution rt
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Cautious_Bob
PHK just went ex-div on sept 8, usually the shorts start to come in now or in the next few days and cover right before the next ex-div date - View all 1 replies
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NYer1: I think this game is not so dependable as some people think these days.The risk of getting caught with the hot potato is increasing weekly