PIM - Closed-End Fund Distribution Cuts For August Slow
Every first of the month we see a the larger fund sponsors report their distributions for the next month. Those include Blackrock, Nuveen, Guggenheim, PIMCO, Eaton Vance, Dreyfus, Invesco, Ivy, and MFS.
Last month, we saw Blackrock cut the distribution at many of their funds including a slew of taxables. This month there was just one change across the entire fund complex, for Blackrock Income Trust (BKT).
Eaton Vance had 3 funds cut and one fund increase their distribution. PIMCO, one of the most widely followed CEF sponsors, had no changes. There was