PIMCO High Income Fund: Look to Swap Out [View article]
All the similar Pimco closed end funds (e.g. PTY and PCN) have been distributing dividends in excess of investment income available to shareholders. The yield is misleading - it can be anything the fund manager wants it to be. Bill Gross thy name is Bond Ponzi!
PIMCO High Income Fund: Look to Swap Out [View article]