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PIMCO Global StocksPLUS&Income Fund (PGP)

- NYSE
  • Sep. 26, 2014, 11:49 AM
  • May 28, 2013, 1:01 PM
    Heavy selling hits a number of Pimco income funds, notably the High Income Fund (PHK -4.3%) with heavy exposure to high-yield paper and the financial sector. The decline narrows the fund's premium to NAV to a still-whopping 34%. The Income Opportunity Common Fund (PKO -2.2%) trades at just a slight premium, while the Dynamic Income Fund (PDI -2.8%) sells for about a 5% discount. Others: (PTY -3.6%), (PCN -2%), (PGP -5.3%), (PFN -1.5%).
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The investment objective is to seek total return comprised of current income, current gains and long-term capital appreciation. The objective is normally attempted to achieve by investing in equity index derivative instruments that have economic characteri