PCM: A Solid Fund At An Expensive Price [Seeking Alpha]
PCM Fund, Inc. (PCM)
US:NYSE Investor Relations:
pimco.com/en-us/investments/closed-end-funds/pcm-fund-inc
Company Research
Source: Seeking Alpha
PCM: A Solid Fund At An Expensive Price Summary PCM has been performing very well since 2019 began. The share price gains have outpaced the NAV gains, pushing up the premium to own the fund to a double-digit level. Income production has been on the decline, but the underlying assets in the home equity space are reporting strong numbers. Main Thesis The purpose of this article is to evaluate the PCM Fund, Inc. ( Background First, a little about PCM. It is a closed-end fund whose investment objective review Valuation and NAV Discussion In my last review, I noted how PCM's valuation was good reason to buy the fund. While the fund did trade at a premium price, it was at a level below its typical trading range, which to me indicated some value. Clearly, the market agreed, as PCM has shot up in price since that time. While this strong performance is certainly welcomed by current investors, the downside is that it has made the fund much more expensive than where it started the year at. To se
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Sec Filings
- 12/10/24 - Form 3
- 11/27/24 - Form NPORT-P
- 9/23/24 - Form N-CSR/A
- PCM's page on the SEC website