NYSE:PYN
PIMCO New York Municipal Income Fund III Stock News
$5.77
+0.0400 (+0.698%)
At Close: May 02, 2024
PIMCO Muni CEFs (Finally) Re-Rate For The New Environment
07:00am, Friday, 20'th Jan 2023
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 CEFs Teach A Lesson On Valuation
10:18am, Wednesday, 18'th Jan 2023
PIMCO California muni funds teach a lesson on CEF valuation. The most expensive fund declined by the most after the cut.
Pick Up Yield In These CEF Relative Value Switches
10:47am, Thursday, 07'th Apr 2022
Recent market volatility has opened up discount valuation divergences between very similar CEFs.
CEF Weekly Market Review: Funds Take A Breather
05:25am, Sunday, 25'th Jul 2021
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.
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
