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Post by Deleted on Dec 4, 2021 7:41:54 GMT
NEW YORK, Dec. 03, 2021 (GLOBE NEWSWIRE) -- The Board of Trustees of the PIMCO Dynamic Income Opportunities Fund (“Fund”) has declared a special year-end distribution for its common shares as summarized below. The distribution is payable on December 21, 2021 to shareholders of record on December 14, 2021, with an ex-dividend date of December 13, 2021. In addition to the regular monthly dividend, this special year-end distribution is being paid to allow the Fund to meet its 2021 distribution requirements for federal excise tax purposes. The Fund’s total distribution will be taxable to shareholders in 2021.see full details at www.yahoo.com/now/pimco-dynamic-income-opportunities-fund-224000916.html or www.pimco.com/en-us/resources/product-resources/cef-press-releases . --- Frank
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Post by uncleharley on Dec 4, 2021 14:17:50 GMT
That is wonderful!!! But I own PDI. Boo Hoo!
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Post by richardsok on Dec 4, 2021 16:41:02 GMT
harley-
As Xray will tell you, I have a big PDO position, recently acquired. But the better news is that PCI & PDI have very similar structures to PDO, and if PDO has a nice special distribution (being in existence for less than a year) that probably bodes well for the PDI-PCI-PKO merger.
It will be interesting to see how The Three behave Monday morning.
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Post by anitya on Dec 4, 2021 17:31:18 GMT
PDO with its meager distribution rate has lost NAV since IPO 9 months ago. The YE special will be deducted from NAV on Ex date and NAV will fall further. CEFs are good to own less liquid bonds. But on a NAV basis, OEFs owning less liquid bonds like non agency MBS, CLOs, and other private credit, and even some high yield MUNIs have returned more total return than PDO since it’s inception. Once the legacy bonds roll off, how is the PDI complex going to be better than PDO, especially with New PDI size? Perhaps, unfair comparison but look at the sad state of DMO. At this time, I would rather shift through PFN - PTY complex if they are at reasonable premiums, on the hope that managers may be able to grow their NAVs more easily than expend my effort on PDO / new PDI. May be wait for the next market melt down to make leveraged FI CEFs attractive?
It is not that difficult to convert NAV into NII / distributions. Just look at RCS.
How is the premia game based on high distribution rate on an eroding NAV much different from the greater fool game? I find investing in energy stocks with their high distributions easier than playing the premia / discount game with PDO.
I used to think that PIMCO are the best for picking up mispriced credit. May be the rest of the fixed income market caught up to them. That leaves them with playing the interest rate swap market but in a trend-less, low interest rate environment, it seems like a fruitless game.
YMMV.
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