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PIMCO California muni funds teach a lesson on CEF valuation. The most expensive fund declined by the most after the cut.
Recent market volatility has opened up discount valuation divergences between very similar CEFs.

PIMCO Muni CEF Valuations Face Additional Risks

08:30am, Saturday, 12'th Jun 2021
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

PIMCO CEF Suite Update: December 2020

06:00am, Thursday, 11'th Feb 2021
PIMCO CEF Suite Update: December 2020
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