PIMCO CEFs Update | The Merger Is Nearly Complete As Buying Opportunities Are All Around

PIMCO released their monthly UNII report last week showing improved short-term coverage in the merging funds.  PDO remains the standout with very strong coverage and UNII levels.  It will likely pay a decent special distribution when it announces in two weeks.  It could be as much as 2.0% - 2.5% of NAV, which would mean the total annual distribution yie…