PFL — PIMCO Income Strategy Fund Dilution Risk Tracker

PIMCO Income Strategy Fund (PFL) has a DilutionScore of 44/100, rated Medium dilution risk. This tier indicates some dilution exposure — often an older shelf registration with remaining capacity, warrants not yet exercised, or a cash position that will require monitoring over the next several quarters. Score as of July 13, 2026.

PFL has an active ATM (at-the-market) program with $50.0M remaining capacity. ATM programs allow companies to sell shares continuously into the open market through a broker-dealer — without announcing a secondary offering. This creates a silent but steady source of share dilution that shows up in quarterly share count increases rather than a discrete offering event.

DilutionWatch tracks over 25 SEC filing types for PFL in real-time, scanning EDGAR every 60 seconds. The DilutionWatch screener shows real-time score changes for PFL alongside comparable medium-risk stocks. Not financial advice — this analysis is for informational purposes only.