Let’s test the common “wisdom” that a double-digit dividend is unsustainable. The closed-end fund (CEF) we’re going to discuss today turns that notion on its head! I’m talking about the PIMCO Dynamic Income Fund (PDI) , which, as it says in the name, is run by boutique CEF house PIMCO. We all know that investors (and consumers in general) love a brand name, and that holds true with CEFs, too: due to the prestige associated with PIMCO’s moniker, its funds usually trade at huge premiums to net asset value (NAV). Well, to be fair, it’s not just the company’s name that’s behind these premiums.… Read more