PIMCO Corporate & Income Opportunity Fund (PTY)
NYSE NYSE Primary 
Monthly Income And 10% Yield: PTY
No rate changes will happen in August; that means you need to be proactive and not lackadaisical. PTY can readily help you meet your income needs for your entire retirement window. Cash is a must to meet your expenses; demand cash from your holdings.
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PTY: PIMCO's Flagship CEF Is Still Worth Buying
PTY is a high yielding closed end fund managed by PIMCO, outperforming other funds in the lineup over the past twelve months. PIMCO is a powerful asset manager with $1.8 trillion AUM, nearly 85% of which has outperformed its benchmark, net of feed. The fund has reduced leverage and continues to trade at a premium to net asset value of over 25%.
PTY: Despite Varying Tax Bills, 10% Yield Worth Considering
PIMCO's Corporate and Income Opportunity Fund has a long-track record of success in paying big monthly distributions and maintaining its net asset value relative to other CEFs. However, investors should pay close attention to their individual tax situation because it will cause their bottom line PTY income to vary significantly versus others. After reviewing PTY in detail (including four important tax considerations), we conclude with our opinion on who should invest and how PTY should be considered within a larger income-focused portfolio.
