PDI - PCI: A CEF With A ~10% Discount ~10% Distribution And Over 100% Distribution Coverage
Pimco Dynamic Credit and Mortgage Income Fund (PCI) has many attractive points going for it currently. The fund is trading at one of the widest discounts we have seen in years. The 1-year z-score is a whopping -2.60, which isn't typically seen in one of the more popular funds here on Seeking Alpha. The fund is also very close to a 10% yield (9.80%,) which is very attractive for income oriented investors. There is the very real potential of PCI trading back towards its NAV.
The discount currently stands at a 9.91% discount,