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Pimco High Income Fund Pimco Hi Message Board

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  • mcrmgg2004 mcrmgg2004 Dec 8, 2009 12:39 PM Flag

    I AM SURE GLAD I held on

    maybe some of the fools can buy the his and senmd it up like this junk or my cif which is 90c per dollar come on fools buy em

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    • if the two funds you mentioned announced a steady 20% annual distribution, they'd start trading at crazy premiums too. The premium/discount level is 90%+ determined by the size of the distribution!! The premium/discount level has very little to do with the makeup of the portfolio/ manager/ skill level/ performance or any other factor that one would consider fundamentally relevant. Do a statistical analysis on the entire universe of closed end funds and you will come to this conclusion.

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