PAXS - CEF Market Weekly Review: Do Investors Need To Worry About Deleveraging

April, 02 2022 06:07 AM PIMCO Access Income Fund of Beneficial Interest

We review CEF market valuation and performance through the fourth week of March and highlight recent market action.
The CEF market had another down week, in aggregate, with equity-linked sectors outperforming on the back of a bounceback in stock prices.
We discuss whether investors need to worry about another wave of CEF deleveraging.
And discuss news from BGH, DCF as well as distribution coverage updates from PIMCO and Nuveen.
In our view, after being expensive for close to 6 months loan CEFs have moved to trade to an attractive valuation, providing investors with attractive margin of safety.

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Company Name:	PIMCO Access Income Fund of Beneficial Interest
Stock Symbol:	PAXS
Market:	NYSE