PIMCO Access Income Fund (NYSE:PAXS) to Issue Monthly Dividend of $0.15

PIMCO Access Income Fund (NYSE:PAXS) announced a monthly dividend on Monday, February 2nd. Shareholders of record on Thursday, February 12th will be paid a dividend of 0.1494 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 11.2%. The ex-dividend date is Thursday, February 12th.

PIMCO Access Income Fund Trading Up 0.1%

NYSE:PAXS opened at $16.04 on Tuesday. PIMCO Access Income Fund has a 52 week low of $13.63 and a 52 week high of $16.56. The firm has a 50-day moving average price of $15.71 and a two-hundred day moving average price of $15.81.

Institutional Trading of PIMCO Access Income Fund

Hedge funds have recently bought and sold shares of the business. Royal Bank of Canada grew its stake in PIMCO Access Income Fund by 21.8% in the 1st quarter. Royal Bank of Canada now owns 423,621 shares of the company’s stock valued at $6,803,000 after purchasing an additional 75,940 shares during the period. Rockefeller Capital Management L.P. grew its position in PIMCO Access Income Fund by 80.5% during the second quarter. Rockefeller Capital Management L.P. now owns 157,794 shares of the company’s stock valued at $2,384,000 after buying an additional 70,382 shares during the period. Envestnet Asset Management Inc. grew its position in PIMCO Access Income Fund by 19.9% during the second quarter. Envestnet Asset Management Inc. now owns 421,232 shares of the company’s stock valued at $6,365,000 after buying an additional 69,857 shares during the period. Bank of America Corp DE increased its holdings in PIMCO Access Income Fund by 21.1% during the second quarter. Bank of America Corp DE now owns 374,892 shares of the company’s stock worth $5,665,000 after buying an additional 65,266 shares during the last quarter. Finally, SOL Capital Management CO raised its position in PIMCO Access Income Fund by 4.4% in the third quarter. SOL Capital Management CO now owns 1,431,845 shares of the company’s stock worth $23,296,000 after acquiring an additional 60,361 shares during the period.

About PIMCO Access Income Fund

The PIMCO Access Income Fund (NYSE:PAXS) is an actively managed, closed-end management investment company sponsored by Pacific Investment Management Company LLC (“PIMCO”). The fund seeks to provide current income, with a secondary objective of capital appreciation, by investing primarily in a diversified portfolio of global fixed income and income-related securities.

PAXS employs a broad credit strategy that spans corporate debt, structured finance instruments and emerging market debt.