When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
EFF - Yield Hunter CEF Report April 2019: Distribution Cuts Finally Plague PIMCO
Eaton vance Floating-Rate Income Plus Fund of Beneficial Interest
April distributions announcements came out this week and the big headline has to do with PIMCO's widespread and in some cases significant chops to payouts. Allianz, the parent company of PIMCO, also cut the distribution on their two flagship convertible income funds.
For April, we saw a total of 15 changes to the distribution. Of those, four were distribution increases and 11 were decreases. That compares with 47 changes in March: 17 increases and 30 declines.
Discounts in the CEF space continue to tighten though the rate of change has slowed dramatically. The average discount