Pimco California Municipal Income Fund Stock News

For the first month in four, both equity (+6.05% on a NAV basis) and fixed income (+5.81%) CEFs on average posted handsome plus-side returns. At month end, 9% of all CEFs traded at a premium to their

PIMCO California Municipal Income Fund II has struggled throughout 2023 despite a widened discount to NAV. The fund's inability to attract buyers at its discounted price is a cause for concern. Income

PIMCO California Municipal Income Fund II has high duration, which works on a rate pivot, but it's quite aggressive in that regard. Furthermore, as far as financing conditions for municipalities go, t

For the second consecutive month, equity CEFs (-0.26%) on average witnessed negative performance while their fixed income CEF cohorts (+0.87%) posted gains for the second month in three. At month end,

PIMCO finally did it. They chopped the muni CEF distribution by up to 45%. PCQ was the biggest risk as it was trading at a ridiculous 45% premium to NAV going into the cut.

PIMCO California muni funds teach a lesson on CEF valuation. The most expensive fund declined by the most after the cut.

21 out of 22 CEF sectors were positive on price and 20 out of 22 sectors were positive on NAV last week. MLPs are the most discounted CEF sector.

3 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. PIMCO muni CEFs cut.

2 out of 23 CEF sectors positive on price and 4 out of 23 sectors positive on NAV last week. DEX will merge with AGD.

22 out of 23 CEF sectors positive on price and 22 out of 23 sectors positive on NAV last week. All sectors were positive last week.

For the second month in a row, equity CEFs (+5.16% on a NAV basis) on average witnessed plus-side returns. While their fixed income CEF cohorts (+4.53%) posted gains for the first month in four.

I placed a buy rating on PCK back in June. While I expected to see gains, the performance surpassed my bullish expectations. Broadly speaking, munis have a positive backdrop. But with a rising interes

PCK trades at a nice discount to NAV and the fund is markedly cheaper than its sister funds from PIMCO. California munis seem well supported at these levels. Tax revenues are up and state finances sug

Morgan Stanley grew its holdings in shares of PIMCO California Municipal Income Fund II (NYSE:PCK) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 345,327 shares of the closed-end funds stock after purchasing an additional 7,594 shares during the quarter. Morgan Stanleys []

For the second month in three, equity CEFs on average witnessed negative returns, falling 2.61% on a NAV basis for November.