Pimco Dynamic Credit Income Fund (PCI): Craig A Dawson , director of Pimco Dynamic Credit Income Fund purchased 10,000 shares on Mar 16, 2016. The Insider buying transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were purchased at $17.40 per share for a total value of $173,950.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 27, 2016, Youse Guia (Chief Compliance Officer) purchased 3,000 shares at $18.13 per share price.On Apr 22, 2016, Thomas J Otterbein (other) purchased 7,000 shares at $17.89 per share price.Also, On Dec 9, 2015, Deborah A Decotis (director) purchased 5,500 shares at $18.21 per share price.On Oct 8, 2015, Mark R Kiesel (other) purchased 3,700 shares at $18.73 per share price.
PIMCO Dynamic Credit Income Fund (the Fund) is a non-diversified closed-end management investment company. The Fund’s investment objective is to seek current income. Capital appreciation is a secondary objective of the Fund. The Fund will invest at least 50% of its net assets in corporate income-producing securities of varying maturities issued by United States or foreign (non-United States) corporations or other business entities including emerging market issuers. It will invest at least 80% of its net assets in a portfolio of debt instruments of varying maturities. The Fund may also invest up to 40% of its total assets in securities of issuers economically tied to emerging market countries. Its portfolio of investments includes banks utilities wireless pipelines independent E&P integrated oil non-captive consumer finance chemicals broadcasting and brokerage among others. Pacific Investment Management Company LLC (PIMCO) is the Fund’s investment manager.