Re: PIMCO CEF Data as of 12-31-22 - PDI - not safe to enter the water yet?
Holy crap - PDI had coverage ratios in the 140%'s the last time I looked, now 6 month (since July) is all the way down to 85%, 3 month down to only 40% - don't think I've ever seen it that low before. 3 month ratios are ugly as sin across the board except for two funds - here I was thinking it might be safe to jump back into PDI because their NAV not only stopped falling, it started going up - now I'm going to have to rethink this - last thing I need is to lose 25% of my principal if the div gets cut, that's > 2 years worth of divs just to get back to even. I'm still not sure the Pimco's, or any leveraged CEF, have dealt with increased leverage costs yet due to interest rates doubling over the last year.
