PCI News and Press, PIMCO Dynamic Credit and Mortgage Income Fund of Beneficial Interest From 12/09/19

A recent article penned by Rida Morwa did a fine job of presenting the positive portfolio and performance attributes of PCI - PIMCO Dynamic Credit Income Fund. The third-largest CEF by virtue of market cap (out of ~500 CEFs), PCI's NAV return over the past three years places it in the top ...

In March, we wrote an article about PIMCO Dynamic Credit and Mortgage Income Fund ( PCI ) suggesting that it was still a bargain despite starting to trade at a premium to NAV. In the comment section, we received feedback from some readers about how one should "never buy a CEF at a premiu...

Please note that the following article was published to members of Yield Hunting on November 18 th . Executive Summary: The drop in the coverage ratios was primarily due to the depreciation of the USD against the euro and the pound. Longer term, these currency movements tend to cance...

Introduction This is Part 2 describing my experience with a SWAN “Sleep Well At Night” 100% high-yield portfolio. Price is not the focus of my investment strategy since price is controlled by market sentiment. Essentially, price is manipulated at times by emotion, based on sh...

(This report was issued to members of Yield Hunting on Oct. 29. All data herein is from then unless otherwise stated). Western Asset Mortgage Defined Opportunity ( DMO ) This fund is very similar to the PIMCO twins of ( PCI ) and ( PDI ) in its focus of non-agency mortgage backed secu...

This article was originally published on October 29, 2019. Most closed-end fund investors know that distribution cuts come with the nature of the closed-end fund's structure. The fact is that when a fund is paying out 90% of their NII and 98% of their realized capital gains on an annual ba...

For retirees or near retirees (people aged over 55 but not retired yet), one of the major challenges is finding a sustainable income stream. Only 15 years ago, you could earn 5%-6% safe and guaranteed income from instruments like bank CDs with literally no risk. But that era is over and probab...

Introduction With less than two months left to the year I can estimate organic income growth for 2019 at 5.2%. The growth is created by reinvesting surplus dividends after removing about 60% of the dividends for household expenses. The income gain is despite seven dividend reductions from ...

Closed-End Fund Analysis Closed-end funds ("CEFs") continue to chug along seeing some incremental increases in valuations (discount tightening) from already above average levels. While we don't think valuation levels are extreme here, especially given the new dovish Fed, they are not cheap e...

Co-produced with Beyond Saving and PendragonY Cohen & Steers Total Return Realty Fund ( RFI ) and Cohen & Steers Quality Income Realty Fund ( RQI ) are, in our opinion, two of the best property REIT CEFs currently in existence. They are managed by a world-class acti...