PIMCO CEF Update: Coverage Rebound Mirage And A Portfolio Reshuffle
CEFSprott(CEF) Seeking Alpha·2024-06-18 17:09
Pgiam/iStock via Getty Images In this article, we provide an update on the PIMCO CEF suite. Specifically, we discuss the changes in distribution coverage over April. We also discuss allocation changes in the last shareholder report. Within the taxable suite, we continue to favor the Dynamic Income Strategy Fund (PDX) as well as the Global StocksPLUS & Income Fund (PGP). Coverage Update Based on the April six-month rolling figures, average taxable coverage rebounded while average tax-exempt coverage cont ...