PIMCO Quick Take | December 2022 UNII Report

Summary

• This is a quick update on the entire PIMCO CEF suite following their UNII Report release.

• Their taxable CEFs continue to show fast-declining coverage ratios on their distributions.  With attractive yields like 13%+ on PDI, this is important to investors.

• The coverage drop has more to do with the decline in the dollar than a drop in asset value.

• From…