When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
RCS - Is There A Buying Opportunity After PIMCO And AllianzGI CEF Cuts?
PIMCO Strategic Income Fund Inc.
A modified version of this article was first released to CEF/ETF Income Laboratory subscribers on April 1, 2019.
Sweeping cuts were announced after the close on April 1, 2019, to some PIMCO and AllianzGI funds. These changes are summarized in the table below. All of the funds pay monthly and their price change after-hours is also listed in the second-last column below.
The market reaction was vicious, with the five funds falling by between -8.87% and -12.28% on the next day.
Additionally, total return gains from the last six months were completely wiped out and