PTY: On Sale But Not Cheap In A Rising Rate Environment (NYSE:PTY)
· seekingalpha.com
PIMCO Corporate & Income Opportunity Fund trades at a rare 2.3% premium to NAV, but rising rates and tight high-yield spreads pose risks. Click for more on PTY.
The PIMCO family of taxable fixed-income closed-end funds has not distinguished itself with year-to-date performance, with most funds in the group sporting a ne...