Rivernorth Capital Management Lowers stake in PIMCO Dynamic Credit Income Fund (PCI)

PIMCO Dynamic Credit Income Fund (PCI) : Rivernorth Capital Management reduced its stake in PIMCO Dynamic Credit Income Fund by 4.75% during the most recent quarter end. The investment management company now holds a total of 6,492,177 shares of PIMCO Dynamic Credit Income Fund which is valued at $129,194,322 after selling 323,830 shares in PIMCO Dynamic Credit Income Fund , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.PIMCO Dynamic Credit Income Fund makes up approximately 7.37% of Rivernorth Capital Management’s portfolio.

Other Hedge Funds, Including , Mcgowan Group Asset Management boosted its stake in PCI in the latest quarter, The investment management firm added 188,927 additional shares and now holds a total of 2,063,716 shares of PIMCO Dynamic Credit Income Fund which is valued at $41,067,948. PIMCO Dynamic Credit Income Fund makes up approx 10.02% of Mcgowan Group Asset Management’s portfolio. Alpine Partners Vi sold out all of its stake in PCI during the most recent quarter. The investment firm sold 20,139 shares of PCI which is valued $400,766.Sii Investments Incwi boosted its stake in PCI in the latest quarter, The investment management firm added 3,645 additional shares and now holds a total of 118,740 shares of PIMCO Dynamic Credit Income Fund which is valued at $2,372,425. PIMCO Dynamic Credit Income Fund makes up approx 0.19% of Sii Investments Incwi’s portfolio.

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.

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