Income investors use closed-end funds for their high yields and distributions that tend to be more stable than those from ETFs and Mutual Funds. This distribution stability, however, can be a two-edged sword - when distributions are cut the fund's price often bears the burden of investor disappointment.
In this article, we review the information PIMCO makes available about their CEFs and how investors can use it to their advantage. Within the PIMCO CEF suite, we continue to like [[PCI]] which has relatively strong distribution coverage, high UNII and an attractive combination of covered yield