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PCI - I Like PCI Here But Refinancing Activity Is Pressuring The Income Stream
October, 31 2020 12:21 AM
PIMCO Dynamic Credit and Mortgage Income Fund of Beneficial Interest
PCI is trading for a premium less than 1%, which is well below where the fund normally trades at. Mortgage refinancing activity remains high, which is a headwind, but overall delinquency rates have declined, which is a tailwind. The fund's income metrics are weak, but the yield will remain competitive even with if a distribution cut does occur. For further details see:
I Like PCI Here, But Refinancing Activity Is Pressuring The Income Stream
Stock Information
Company Name:
PIMCO Dynamic Credit and Mortgage Income Fund of Beneficial Interest
Stock Symbol:
PCI
Market:
NYSE
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