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PCI and PDI

ET91
in Fund Discussions
hi all, in the last few issues of Barron's, I have noticed insider buying for PIMCO dynamic credit income (PCI) and PIMCO dynamic income fund (PDI). the discount to NAV has narrowed recently: PCI -5.7% (vs. 3 year avg of -7%); and PDI -1.4% (vs. 3 year avg of -5.1%). Not sure if Gross and co are banking on lower interest rates in the future or if the yield is tempting? Total distribution rate for PDI is 7.1% and PCI 8.1%. I have thought of buying but held off too long as discount has narrowed. Wondering what your thoughts are.

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