PDO - PDO And PDX: Delivering Monthly Income To Investors
2024-04-05 12:01:54 ET
Summary
- PIMCO offers a suite of closed-end funds for investors to receive attractive monthly distributions.
- PIMCO Dynamic Income Opportunities Fund has seen a meaningful improvement in its distribution coverage and remains trading at a slight premium.
- PIMCO Dynamic Income Strategy Fund (PDX) is transitioning to a multi-sector bond fund and offers an opportunity to pick up shares at a deep discount.
Written by Nick Ackerman, co-produced by Stanford Chemist.
PIMCO has long been one of the leaders in the fixed-income space and provides steady distributions to their investors through their closed-end funds. That said, they certainly weren't immune to the rising rate environment that we saw over the last several years. Like most fixed-income investments, they saw declines, and being highly leveraged funds, they saw those declines amplified....
PDO And PDX: Delivering Monthly Income To Investors