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"Eat(ing) his own cooking," Bill Gross puts his own money into two Pimco closed-end offerings...

"Eat(ing) his own cooking," Bill Gross puts his own money into two Pimco closed-end offerings trading at premiums to their NAV. PCN and PTY sell at "just" 17%. and 18.5% premiums, respectively, but Gross notably did not pick up any PHK or PGP, both trading at more than 50% over NAV even after the recent sell-off.
Comments (1)
  • sammaca
    , contributor
    Comments (9) | Send Message
     
    Bill Gross missed the best bond fund - FSD. Probably because it is not a PIMCO fund. FSD sells at a slight discount to NAV, has an annual distribution rate of about 8.50% and hasn't paid any return of capital so far.
    15 Oct 2012, 04:08 PM Reply Like
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