PIMCO dividend reinvestment plan program
Do any of you have experience with this program? It looks like you can sign up through AST Financial, buy PIMCO CEFs, and reinvest the dividends at NAV, assuming they are trading at a premium.
I am trying to find out about fees as far as transaction costs on the initial purchase, and subsequent fees on each monthly distribution, but the annual reports of the funds don't have deep details on this. Seems like it could be pretty lucrative, assuming the PIMCO funds keep their big premiums.