Trust Asset Management Exits Position in PIMCO Dynamic Credit Income Fund (PCI)

PIMCO Dynamic Credit Income Fund (PCI) : Trust Asset Management has sold out all of its stake in PIMCO Dynamic Credit Income Fund during the most recent quarter, according to the disclosure filed by the company on Oct 5, 2016 with the SEC. The investment management company has sold out 223,368 shares of PIMCO Dynamic Credit Income Fund which is valued at $4,574,577.

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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PIMCO Dynamic Credit Income Fund - Is it time to Sell?

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