2024-05-24 01:27:47 ET
Summary
- PIMCO's Corporate and Income Opportunity Fund has a long-track record of success in paying big monthly distributions and maintaining its net asset value relative to other CEFs.
- However, investors should pay close attention to their individual tax situation because it will cause their bottom line PTY income to vary significantly versus others.
- After reviewing PTY in detail (including four important tax considerations), we conclude with our opinion on who should invest and how PTY should be considered within a larger income-focused portfolio.
PIMCO
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PTY: Despite Varying Tax Bills, 10% Yield Worth Considering