Pimco Municipal Income Fund II Stock News

PIMCO Municipal Income Fund II is evaluated as an investment option at its current market price. The fund's income metrics are poor, and an income cut is likely. The discount to NAV looks tempting, bu

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,

PML is a fund I own and recommended to start off the year. After some modest gains, I believe a more cautious tone is warranted. Munis saw an unusually strong January after an awful 2022. I expect the

We review CEF market valuation and performance through the first week of February and highlight recent market action. CEFs notched another good week with EM sectors underperforming.

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.

PIMCO disappointed investors with large distribution cuts to start the year across their muni CEFs. This resulted in painful losses - but also presents buying opportunities. PML often has a large prem

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

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.

12 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Tortoise offer tender results.

I don't quite understand who would be buying the PIMCO National municipal bond CEFs over the Nuveen national muni bond CEFs right now. These two fund sponsors of municipal bond closed-end funds are pr

PML has had a rough 2022, although in the short term it saw a swift bounce off its lows. With some positive momentum, this CEF could look like a buy. In truth, I do have a favorable outlook for munis

PML has performed modestly in the second half of the year. This was expected, and next year will probably see a repeat of this performance. The muni sector is an area I will remain long in 2022, but I