Pimco Municipal Income Fund Iii Stock News

NEW YORK, Aug. 01, 2023 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distrib

NEW YORK, July 03, 2023 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distrib

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

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

I liked what I saw in PMX in both isolation and in relative terms when I covered the fund in October. Since then it has seen a healthy gain. Such super-charged returns always give me pause. In the cas

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

PMF is the PIMCO Municipal Income Fund, is the first in a series of three related national municipal bond CEFs. Since PMX started, PMF has performed better. PMX is the PIMCO Municipal Income Fund III,

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

Parametric Portfolio Associates LLC trimmed its position in shares of PIMCO Municipal Income Fund III (NYSE:PMX) by 3.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,790 shares of the investment management companys stock after selling 3,817 shares during the period. []

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

We review CEF market valuation and performance over the past week and highlight recent events. CEF prices stalled in July on the back of lower risk sentiment driving discounts wider.

The muni CEF sector has continued to rally this year due to the resilience of municipal bond yields and tight CEF discounts.

The disparity among PIMCO tax-exempt muni CEFs remains large. Apart from lower income yields, greater susceptibility to distribution cuts and larger drawdown potential, the ongoing consolidation wave