PIMCO Municipal Income Fund Stock News

The article evaluates the PIMCO Municipal Income Fund as an investment option, highlighting its use of leverage and widening discount to NAV. I suggest that the outlook for fixed-income munis is impro

PIMCO Municipal Income Fund III: A Solid Closed-End Fund Holding

Here's the thing about high-yield closed-end funds (CEFs): sometimes a CEF will seem to have all the earmarks of a terrific investment: high (and monthly) dividends, reasonable fees and reputable mana

PMF has seen a strong gain in the short term. This momentum has certainly been favorable for holders, but I'm concerned about its sustainability. Leverage costs are still a headwind going into 2024 th

In 2021, a dozen closed-end funds, or CEFs, were launched, but none of them performed well, with all of them experiencing negative total returns since inception. The CEFs trade at wide discounts to NA

PMF: The Value Just Isn't There, Despite A Favorable Muni Backdrop.

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,

Three out of 22 CEF sectors positive on price and 5 out of 22 sectors positive on NAV last week. Delaware/Abrdn mergers are closed.

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.

It was only a matter of time. PIMCO's 3 national municipal bond CEFs were having some of the worst NAV performances of all muni bond CEFs over the past year. And yet, PIMCO had been maintaining their

The PIMCO Municipal Income Fund has provided higher return than any of the Nuveen National Muni Funds since it started in 2001. Not so much when comparing risk ratios. Started in 2001, PMF is PIMCO's

Risk assets continue to rebound with investors focusing on the potential of a Fed pivot given slower growth and inflation. We think we will shift from a stagflationary economic regime to a deflationar