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home / news releases / BAC - PSF: Great Income Fund With Improving Valuation

BAC - PSF: Great Income Fund With Improving Valuation

Bank of America Corporation
  • The biggest problem facing retirees today is an inability to generate income off of their portfolios, which is the fault of the Federal Reserve.
  • PSF seeks to overcome this by investing in a diversified portfolio of income-producing assets, heavily weighted towards banks.
  • The fund uses leverage, but it appears to be making a reasonable trade-off between risk and return.
  • The 6.74% distribution yield appears to be reasonably sustainable.
  • The fund is trading at a more attractive valuation than it usually does, which is fairly appealing.

For further details see:

PSF: Great Income Fund With Improving Valuation
Stock Information
Company Name: Bank of America Corporation
Stock Symbol: BAC
Market: NYSE
Website: bankofamerica.com
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