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PDI: This 15%-Yielding CEF Is A Strong Buy (NYSE:PDI)

Summary by Ground News
PDI has potential for net asset value growth as the Federal Reserve ends its tightening policy. Inflation fell to just 3.2% in October... which was the lowest level since August. Since fixed income assets gain in value (which the PDI owns in its portfolio) when interest rates decrease, the Dynamic Income Fund could see a reversal of its net assetvalue trend next year.

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PDI: This 15%-Yielding CEF Is A Strong Buy (NYSE:PDI)

Investing in the PIMCO Dynamic Income Fund (PDI) may be advantageous as the Federal Reserve plans to lower interest rates in 2024. Read more on the CEF here.

·United States
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  • 100% of the sources lean Right
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Seeking Alpha broke the news in United States on Friday, December 8, 2023.
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