PCM Fund Inc. (PCM)
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Latest PCM news
PIMCO CEF Update: ARPS Go On The Chopping Block
1 September 2023
We provide a July update for the PIMCO CEF taxable suite. Taxable coverage fell for the second straight month while tax-exempt coverage remained stable. PIMCO is doing a tender offer of their very exp...
Weekly Closed-End Fund Roundup: PDT Cuts, FSCO Boosts, Some CEFs Getting Bubbly (July 9, 2023)
17 July 2023
6 out of 22 CEF sectors positive on price and 3 out of 22 sectors positive on NAV last week. PDT reduces distribution by 15%, FSCO boosts distribution by 15%. Some CEFs getting bubbly.
Market Volatility Opens Up More CEF Relative Value Opportunities
12 April 2023
Recent market volatility has opened up valuation divergences between very similar CEFs, creating opportunities for switches or outright holds. This offers income investors an opportunity to pick up ad...
PIMCO CEF Update: Bad But Not As Bad As It Looks
4 April 2023
We provide a February update for the PIMCO CEF taxable suite. Taxable CEFs continued to deleverage despite NAVs largely holding steady through February, possibly as a result of a low level of net inco...
PIMCO CEF Update: Deleveraging And Swaps Take A Toll On Income
3 February 2023
We provide a December update for the PIMCO CEF taxable suite. Most funds deleveraged further while PDO added borrowings.
Weekly Closed-End Fund Roundup: January 8, 2023
17 January 2023
21 out of 22 CEF sectors were positive on price and 20 out of 22 sectors were positive on NAV last week. MLPs are the most discounted CEF sector.
Weekly Closed-End Fund Roundup: VFL Tender Results (December 18, 2022)
27 December 2022
2 out of 23 CEF sectors were positive on price and 2 out of 23 sectors were positive on NAV last week. VFL offers tender results.
PCM: Back To Being Extremely Expensive
3 December 2022
PCM is a fixed income CEF from Pimco. The fund is highly leveraged and is overweight mortgages.