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Strategies & Market Trends : Young and Older Folk Portfolio
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To: mykesc2020 who wrote (20972)10/7/2025 12:55:11 AM
From: Rincon v2.02 Recommendations

Recommended By
Markbn
Mili21

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RE: PDI (CEF), yield 13.3%, long history of stable dividends being paid,

I own it and PAXS, both PIMCO funds. I own them in 1/3 size positions. I just don't fully trust CEFs that pay such high distributions. I've had them both for a few years and they've done well. Solid distribution management by PIMCO through some challenging times. There were predictions by the SA wonks that PDI would have to cut its distribution during the Covid years, but they held steady. I split my funds between PDI and PAXS because PAXS was a new fund in 2022, which I felt had less interest-rate baggage than PDI. Ironically PAXS pays out some ROC, PDI pays zero. They've both been solid, which is PIMCO's reputation. If interest rates continue to drop, they should do even better. The distributions are not qualified dividends. They are taxed at your regular tax rate. That's something to consider.
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