PIMCO Global StocksPLUS &, Inc.me Fund (NYSE:PGP)
closed-end management investment company
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holy crap! way overbought, and at 40%+ premium!! will not end well....
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Price premium is over 80% per CEFConnect.
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Closed-end stock fund selling at a substantial premium to NAV.
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Rising interest rates may cause investors to look at different investing options.
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Nav will catch-up with market value. A Large capital gains special divvy coming up in December!!!!
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A fund trading at an absurd premium to asset value because it pays a giant dividend and rates are low elsewhere. Eventually it will sell for what it is worth.
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