CEF Holdings --- March 2026

marko said:
Glad that I checked in here!! I've been waiting for PDI and PTY dividends for 3 days now. Spent 20 minutes on the phone with TROWE and didn't get a real answer.

Fidelity posted the dividend on 3/2 but now I suspect that's because I'm not dripping that one.
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Cash dividends will post.

When this happened to me a few months ago I called Fidelity, he had to check but said "the DTC was gathering shares up to distribute to the brokerages."
 
Spock said:
Never held in another account. Sold ex-Div. The 30 day "purchase" was the DRIP. Still... I thought HSAs were immune to wash sales as the cost basis is irrelevant for taxes.
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They are, as far as I know. They probably flag it because the situation will have an effect on another account if you purchase paxs in that one at a future point.
 
Running_Man said:
europeanbusinessmagazine.com

Private Credit Firms Sell $15bn Debt to Themselves

Discover why private credit firms sold $15 billion in debt to themselves, a significant rise from 2024's $4 billion.
europeanbusinessmagazine.com europeanbusinessmagazine.com

OK in the last year BDC have begun the shady business of selling debt to each other. This is a way to keep assets marked higher. Keep in mind for any company selling lower than NAV.

"
Rather than forcing fire sales or accepting massive losses, fund managers establish “continuation vehicles”—essentially new funds that purchase the problem loans at negotiated values. Original fund investors receive distributions (often less than hoped), while the new vehicle’s investors gain exposure to the same credits at what managers argue are attractive entry points. The private credit manager collects fees from both the old fund for managing the exit and the new fund for ongoing loan management.

According to investment bank Jefferies, these continuation deals surged from nearly $4 billion in 2024 to $15 billion globally in 2025—a nearly fourfold increase that signals growing pressure throughout the private credit ecosystem. Many rolled-over loans originally financed leveraged buyouts by private equity managers but are taking far longer than expected to be repaid due to the deals drought."

This is a major red flag for this area.
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The only BDCs I would buy right now are ARCC and MAIN. DCA in.
 
MRG said:
Cash dividends will post.

When this happened to me a few months ago I called Fidelity, he had to check but said "the DTC was gathering shares up to distribute to the brokerages."
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Thanks. This is my first month dripping. Sounds like a regular occurrence
 
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Randy145 said:
Did you previously hold it in another account? They monitor for this across them. Or maybe sold some at a lower price than the drip in the same account.
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I was told Fidelity does not monitor wash sales across accounts
 
I'll join the thread as I just figured out my CEF allocation for the first time. It's surprisingly high at 7.2% of my total portfolio.

In order of size:
  1. ADX
  2. PDI
  3. PDO
  4. THQ
  5. NXJ
  6. CEFS
  7. BST
  8. UTF
I also have 2.5% in BDCs between ARCC and MAIN. So close to 10% of assets in these high yielding categories. Aggregate yield is 9.96% as of this post.
 
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COcheesehead said:
FSCO cut its dividend. Who’s next?
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That hurt. Tried to sell premarket but didn't work. Today will most likely be capitulation day for me - selling fsco, selling pimcos, selling anything with 'capital' in the name :)
 
FSCO....(private credit) Jeez....One example... .WAL is writing off $126M in bad loans. A major bank.

P.S. Software stocks are still, sorta, holding up today.
 
The thing about having a low cost basis for the 4 Pimco cefs I own is that none of the present low prices have come close to say, PDO low price of 12.57.
And it's like this for all 4, w/ PHK showing the least amount of price loss.

All i'm trying to say is that I believe in Pimco's ability to invest for me.
Keeping a low cost basis helps me to think and decide what to do in a peaceful manner.
C-sticks will let me see/hear when a fund decides to have a change of heart.
And, there is sufficient cash to invest when I do see a change of heart in chart movement.
Dick's comments about all the stuff that's happening or not happening helps a lot.
 
marget said:
The thing about having a low cost basis for the 4 Pimco cefs I own is that none of the present low prices have come close to say, PDO low price of 12.57.
And it's like this for all 4, w/ PHK showing the least amount of price loss.

All i'm trying to say is that I believe in Pimco's ability to invest for me.
Keeping a low cost basis helps me to think and decide what to do in a peaceful manner.
C-sticks will let me see/hear when a fund decides to have a change of heart.
And, there is sufficient cash to invest when I do see a change of heart in chart movement.
Dick's comments about all the stuff that's happening or not happening helps a lot.
Click to expand...
FSCO CEO said they are cutting the dividend due to falling interest rates. Whether it's entirely true or not, it could portend a string of dividend cuts on interest sensitive funds.
 
marget said:
The thing about having a low cost basis for the 4 Pimco cefs I own is that none of the present low prices have come close to say, PDO low price of 12.57.
And it's like this for all 4, w/ PHK showing the least amount of price loss.

All i'm trying to say is that I believe in Pimco's ability to invest for me.
Keeping a low cost basis helps me to think and decide what to do in a peaceful manner.
C-sticks will let me see/hear when a fund decides to have a change of heart.
And, there is sufficient cash to invest when I do see a change of heart in chart movement.
Dick's comments about all the stuff that's happening or not happening helps a lot.
Click to expand...
PHK holding up better than others
 
COcheesehead said:
I was told Fidelity does not monitor wash sales across accounts
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Hmmm, I thought they did. I don't have a clue, then, about Spock's issue on this. Just anecdotally speaking, I've noticed a hole or two in Fidelity's operations recently...hope that's just a passing thing.
 
surprising said:
FSCO CEO said they are cutting the dividend due to falling interest rates. Whether it's entirely true or not, it could portend a string of dividend cuts on interest sensitive funds.
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The FSCO CEO ALSO says their NAV was 7.06 last night!!! LOL!
Regards, Dick
 
marget said:
The thing about having a low cost basis for the 4 Pimco cefs I own is that none of the present low prices have come close to say, PDO low price of 12.57.
And it's like this for all 4, w/ PHK showing the least amount of price loss.

All i'm trying to say is that I believe in Pimco's ability to invest for me.
Keeping a low cost basis helps me to think and decide what to do in a peaceful manner.
C-sticks will let me see/hear when a fund decides to have a change of heart.
And, there is sufficient cash to invest when I do see a change of heart in chart movement.
Dick's comments about all the stuff that's happening or not happening helps a lot.
Click to expand...
sorry - what is C-sticks:confused:?? thanks
 
dickoncapecod said:
The FSCO CEO ALSO says their NAV was 7.06 last night!!! LOL!
Regards, Dick
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There has been increasing discussion about how some alternative asset managers trade debt instruments among affiliated entities, which can influence the observable market pricing of those assets. In certain cases, lower-quality assets may ultimately be transferred to affiliated insurance businesses that are responsible for supporting annuity and pension liabilities. Examples often cited in this context include large alternative managers such as Blue Owl, Ares, and Blackstone.

If the insurance subsidiaries reach limits on their capacity to absorb additional risk, which I think the market is just starting to realize, assets that have been supported by group transaction pricing could begin to reprice more realistically in the market. Should that occur, premiums to NAV across the sector could compress dramatically.

FSK is frequently mentioned by investors as an example where governance and alignment between managers and shareholders have been questioned. Their managers have been substandard, but I think the rest of the sector is better run, but operating in a overvalued asset environment.

Just for reference, PIMCO paid a $3 million fine in 2021 related to issues involving the transfer of assets among affiliated funds.
 
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