PCM News and Press, PCM Fund Inc. From 01/06/25

2025-01-06 18:20:01 ET Summary RCS and PCM recently announced distribution cuts, and they were simultaneously trading at some hefty premiums to their NAV per share. We saw the usual outcome, which is a drastic sell-off as is often the case with the dangerous combination of elevate...

2025-01-06 10:23:47 ET Summary The PCM Fund aims for high current income by investing in agency-backed MBS, non-agency MBS, investment-grade and high-yield corporate debt, and commercial mortgage-backed securities. Historically, I avoided leveraged CEFs like PCM due to the unfavor...