Mariner Investment Group LLC Takes $465,000 Position in PIMCO Strategic Income Fund, Inc (RCS)

Mariner Investment Group LLC purchased a new stake in shares of PIMCO Strategic Income Fund, Inc (NYSE:RCS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 50,600 shares of the investment management company’s stock, valued at approximately $465,000.

A number of other hedge funds also recently made changes to their positions in RCS. Wells Fargo & Company MN grew its holdings in PIMCO Strategic Income Fund by 23.7% during the second quarter. Wells Fargo & Company MN now owns 18,333 shares of the investment management company’s stock valued at $186,000 after purchasing an additional 3,507 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in PIMCO Strategic Income Fund by 9.0% during the second quarter. Ameriprise Financial Inc. now owns 22,089 shares of the investment management company’s stock valued at $225,000 after purchasing an additional 1,827 shares during the last quarter. Advisor Group Inc. grew its holdings in PIMCO Strategic Income Fund by 32.6% during the second quarter. Advisor Group Inc. now owns 9,855 shares of the investment management company’s stock valued at $100,000 after purchasing an additional 2,425 shares during the last quarter. Royal Bank of Canada grew its holdings in PIMCO Strategic Income Fund by 53.0% during the second quarter. Royal Bank of Canada now owns 54,731 shares of the investment management company’s stock valued at $557,000 after purchasing an additional 18,960 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in PIMCO Strategic Income Fund by 215.0% during the second quarter. The Manufacturers Life Insurance Company now owns 52,350 shares of the investment management company’s stock valued at $533,000 after purchasing an additional 35,729 shares during the last quarter. Institutional investors own 5.81% of the company’s stock.

PIMCO Strategic Income Fund, Inc (NYSE:RCS) opened at $8.89 on Tuesday. PIMCO Strategic Income Fund, Inc has a twelve month low of $8.62 and a twelve month high of $10.65.

The business also recently declared a monthly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be issued a dividend of $0.072 per share. The ex-dividend date is Friday, February 9th. This represents a $0.86 annualized dividend and a yield of 9.72%.

TRADEMARK VIOLATION WARNING: “Mariner Investment Group LLC Takes $465,000 Position in PIMCO Strategic Income Fund, Inc (RCS)” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.dispatchtribunal.com/2018/02/20/mariner-investment-group-llc-takes-465000-position-in-pimco-strategic-income-fund-inc-rcs.html.

About PIMCO Strategic Income Fund

PIMCO Strategic Income Fund, Inc (the Fund) is a closed-end management investment company. The Fund’s primary investment objective is to seek to generate a level of income that is higher than that generated by high quality, intermediate-term United States debt securities. The Fund also seeks capital appreciation to the extent consistent with this objective.

Want to see what other hedge funds are holding RCS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PIMCO Strategic Income Fund, Inc (NYSE:RCS).

Institutional Ownership by Quarter for PIMCO Strategic Income Fund (NYSE:RCS)

Receive News & Ratings for PIMCO Strategic Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PIMCO Strategic Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply