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home / news releases / PTY - PIMCO Closed-End Funds: To Soon To Buy


PTY - PIMCO Closed-End Funds: To Soon To Buy

  • Three PIMCO closed-end funds recently cut their dividends, causing some analysts to state that the resulting selloff is a buying opportunity.
  • The cuts by themselves don't necessarily imply further downside for the funds, but potentially increasing interest rates and high-yield spreads do.
  • I look at the 2013-2016 period to understand the downside potential. Some indicators like fund premiums and yield spreads suggest the current environment is even riskier.

For further details see:

PIMCO Closed-End Funds: To Soon To Buy
Stock Information

Company Name: Pimco Corporate & Income Opportunity Fund
Stock Symbol: PTY
Market: NYSE

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