PIMCO CEF Distribution Coverage Theories

The human mind craves explanations. The income investor’s mind craves an explanation for the crazy trend of taxable PIMCO CEF distribution coverage. One theory has it that the poor PCI …

The Meaning of the PGP Discount

PIMCO CEFs remain popular income investment vehicles due to their generous distribution rates and strong historic total returns. Recently, the PIMCO Global StocksPLUS & Income Fund has begun to trade …

Resilient CEFs Through October

The market has behaved with a lot of anxiety through October with the SPX selling off sharply a number of different days. One way we gauge CEF resilience is simply …

Back to Normality For PIMCO CEF Coverage?

PIMCO have released their September earnings and if we dis-aggregate the NII for September relative to the distributions of the individual funds it looks pretty good! All funds earned more …

OPPRP – New OPP Preferred

The new OPP preferred started trading the other day – 4.375% 2025 callable $25-par issued by OPP – a multi-sector fixed-income CEF. We just added this stock to the Preferreds …

CEFConnect Just Broke

I love to point  our problems with CEFConnect. Don’t get me wrong – CEFConnect is a great resource! Being able to quickly pull up historic returns, distribution history or discounts …

It’s CEF Specials Time

It’s that time of the year again when CEFs investors gear up for special distributions as a result of realized capital gains or any additional investment income in excess of paid distributions. …

No Love For FGB?

The First Trust Specialty Finance and Financial Opportunities Fund (FGB) is a CEF of BDCs. The fund has rallied hugely over the last few sessions, its discount tightening from 21% …