Trust Asset Management Lowers stake in PIMCO Dynamic Credit Income Fund (PCI)

PIMCO Dynamic Credit Income Fund (PCI) : Trust Asset Management reduced its stake in PIMCO Dynamic Credit Income Fund by 14.79% during the most recent quarter end. The investment management company now holds a total of 223,368 shares of PIMCO Dynamic Credit Income Fund which is valued at $4,431,621 after selling 38,773 shares in PIMCO Dynamic Credit Income Fund , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.PIMCO Dynamic Credit Income Fund makes up approximately 2.04% of Trust Asset Management’s portfolio.

Other Hedge Funds, Including , Creative Planning boosted its stake in PCI in the latest quarter, The investment management firm added 2,383 additional shares and now holds a total of 32,083 shares of PIMCO Dynamic Credit Income Fund which is valued at $619,844. North Star Investment Management Corp. added PCI to its portfolio by purchasing 1,300 company shares during the most recent quarter which is valued at $25,116.Cabot Wealth Management Inc reduced its stake in PCI by selling 2,070 shares or 10.47% in the most recent quarter. The Hedge Fund company now holds 17,692 shares of PCI which is valued at $341,809. PIMCO Dynamic Credit Income Fund makes up approx 0.09% of Cabot Wealth Management Inc’s portfolio.Howland Capital Management boosted its stake in PCI in the latest quarter, The investment management firm added 12,580 additional shares and now holds a total of 843,422 shares of PIMCO Dynamic Credit Income Fund which is valued at $16,379,255. PIMCO Dynamic Credit Income Fund makes up approx 1.53% of Howland Capital Management’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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