written by reader PIMCO’s HPK

By funu50401, January 28, 2013

If anyone knows, are this funds payouts ”qualified,” I.e., suject to the 15% dividend tax or are the payouts ordinary income. The ”hype” I’ve read on this says it can be DRIPed; if so, and if one DRIPed ones holdings, and the payouts continue at their present rate, this value of ones holdings in this fund would double in about 8 years.
Any one ”out there” know about thus PIMCO fund?

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Travis Johnson, Stock Gumshoe Recent comment authors

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Travis Johnson, Stock Gumshoe

I think you mean PHK, which is Bill Gross’ high yield corporate debt closed-end fund. I presume it’s not eligible for the lower tax rate, since it’s generating taxable income from bonds, but don’t know for sure — I would ask them if that matters to you. Many closed-end funds have dividend reinvestment plans and let you DRIP your dividends very similarly to what you would do with a dividend-paying stock, I believe PHK does provide for this but your broker can give you a specific answer. Do note that this fund has traded at a hefty premium ever since… Read More »

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