PCM - PCM: Attractive 8.86% Distribution Yield That Is Showing Strong Coverage
- PCM's premium to NAV has been receding a bit with the latest market declines, making it a more tempting PIMCO offering.
- Despite that, the fund's premium has been even lower over the longer term, so that is worth watching.
- Though it is still a PIMCO fund that often commands higher premiums, it could still be considered richly valued at 15%+.
- The latest decline also means the distribution yield is inching higher, but so is the fund's NAV rate.
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PCM: Attractive 8.86% Distribution Yield That Is Showing Strong Coverage