In February, I wrote this about the PIMCO Global Stocks+ and Income Fund (PGP):
“If you have PGP in your portfolio, this is the time to ditch it.”
Then in early April, this happened:
Warning Becomes Reality
What was behind this nosedive? A whopping 23% dividend cut! Worse, PGP owners who didn’t heed my sell call are now sitting on 11% price losses from the day the cuts were announced.
How did I know this calamity was coming?
When it comes to high-yielding CEFs, there are three warning signs that tell you a big crash is just around the corner, and each one was blaring before PGP’s drop.… Read more