PAXS: Continues To Grow NAV Despite Macro Challenges (Rating Upgrade)

Impact · against what's priced in

PAXS receives a buy rating driven by a combination of a 12.7% yield and a discount to NAV. While capital appreciation is expected to be limited, the strong dividend coverage and NAV growth provide a compelling income-driven value proposition.

PAXS+0.60

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In context

The fund's upgrade to a buy is supported by a 12.7% yield and the fact that it currently trades at a discount to its Net Asset Value.

Read from the article alone

• PAXS
• dividend
• fixed income
• income fund
• nav discount
• pimco
• yield

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