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PIMCO CEF Update | It's 2008 Redux

Relax, breathe easy for now at least for today. By Alpha General Capital at Seeking Alpha


° The PIMCO UNII report showed some modest progress on coverage and UNII levels.

° Obviously, the traditional looks at this report are less important given what is happening in the markets and with these funds specifically.

° We expect distributions to be maintained in most of the taxable bond CEFs from PIMCO and that the muni funds are investable for the first time in years.

° Most funds earned their distribution in the month according to NII production with small shortfalls in the others. Nothing concerning.

The Report


  • edited March 25
    image I was reassured to read this report when it hit my inbox this morning as I had doubled my investment in PDI after the Fed acted on Monday based on my assumption it is still in good shape.
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