# PFN Analysis: 14% Dividend Yield and NAV Discount

> PFN fund offers 14% dividend yield and trades at 5.24% discount to NAV.
- Title: PFN Analysis: 14% Dividend Yield and NAV Discount | Shortify
- Summary: PFN fund offers 14% dividend yield and trades at 5.24% discount to NAV. The PIMCO Income Strategy Fund II (PFN) provides a 14% dividend yield and trades at a…
- Keywords: pimco, income strategy fund ii, dividend yield, nav discount, closed-end fund, credit risk, money, business, PFN, Analysis, Dividend, Yield
- Source: Seekingalpha — https://seekingalpha.com/article/4955975-pfn-analytical-review-of-14-percent-dividend-yield-nav-discount-and-key-risks
- Author: Arbitrage Trader
- Published: 2026-10-21T16:25:39+00:00
- Read time: 1 min
- Topics: pimco, income strategy fund ii, dividend yield, nav discount, closed-end fund, credit risk, money, business
## Fund Overview
The PIMCO Income Strategy Fund II offers a 14% dividend yield and trades at a rare 5.24% discount to NAV.
## Discount Analysis
PFN’s current discount, supported by a -2 z-score, suggests an 8, 9% capital gain potential if it reverts to its historical premium.
## Risk Profile
The fund’s high leverage (32.37%) and focus on sub-investment-grade credit elevate both return and risk, particularly in downturns.
## Investor Suitability
PFN is best suited for income-focused investors with moderate to high-risk tolerance, given its high yield and credit profile.
## Key takeaway

The PIMCO Income Strategy Fund II (PFN) provides a 14% dividend yield and trades at a 5.24% discount to its NAV, suggesting potential capital gains.