A check of some Pimco closed-end income funds finds them higher as rates come down today. The...


A check of some Pimco closed-end income funds finds them higher as rates come down today. The Dynamic Income Fund (PDI +1.9%) fell to an 11.4% discount to NAV at the close last night. After more than a 10% one-month decline, the High Income Fund (PHK +0.7%) is still at a 33.9% premium to NAV. After nearly a 20% one-month decline, the Corporate & Income Opportunity Fund (PTY +2.6%) narrowed its premium to NAV to 4%.

Comments (2)
  • turtleuofs
    , contributor
    Comments (422) | Send Message
     
    PDI's NAV has held up exceptionally well. Ivascyn is a rock star. In a few months people will be kicking themselves that they didn't pick up these shares at an 11% discount to NAV on overblown fears of wild rate increases.
    13 Jun 2013, 01:10 PM Reply Like
  • GmanIV
    , contributor
    Comments (1602) | Send Message
     
    PHK has a monthly div that yields almost 13% a year, not bad!
    29 Jun 2013, 02:44 AM Reply Like
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