RCS - Why It May Be Time To Finally Invest In The 'Higher-Risk' PIMCO CEFs: Part 1 - PGP

• The higher-risk funds from PIMCO - PGP, PHK, and RCS - have been untouchable for some time due to their high premiums.
• What exactly is PGP anyway?  It's a unique strategy that has been around a long time from PIMCO but seldom highlighted.
• We like the shares as an equity-income substitute and for those who are more tactically inclined with their CEF sleeves.
• For those who are both highly risk-averse or do not like trading, we would recommend avoiding the shares.
• Without the risk of another cut, we think the shares are fairly compelling here, especially if you can nab some at a modest discount. Entering stink bids on a daily basis can result in some nice hits.

For further details see: