NYSE:PZC
PIMCO California Municipal Income Fund Stock News
$7.20
+0.0700 (+0.98%)
At Close: May 03, 2024
PZC: I Would Expect Modest Gains For This California Muni Fund
02:49pm, Friday, 27'th Jan 2023
PZC is similar to other PIMCO muni CEFs in that it has had a volatile few months. This comes on the backdrop of higher interest rates and a distribution cut. With this backdrop, I believe the worst of
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.
Weekly Closed-End Fund Roundup: Special Distributions Coming Up (December 4, 2022)
09:43pm, Tuesday, 13'th Dec 2022
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.
Weekly Closed-End Fund Roundup: Tortoise Tender Results, NCZ Resumes Distributions (November 6, 2022)
12:59pm, Tuesday, 15'th Nov 2022
12 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Tortoise offer tender results.
CEF Weekly Market Review: Revisiting Resilient Core Themes
05:57am, Saturday, 18'th Dec 2021
We review CEF market valuation and performance through the second week of December and highlight recent market action.
Virtu Financial LLC Acquires New Stake in PIMCO California Municipal Income Fund III (NYSE:PZC)
12:04pm, Wednesday, 24'th Nov 2021 Dakota Financial News
Virtu Financial LLC acquired a new stake in shares of PIMCO California Municipal Income Fund III (NYSE:PZC) in the second quarter, HoldingsChannel reports. The firm acquired 11,932 shares of the investment management companys stock, valued at approximately $137,000. A number of other institutional investors and hedge funds have also bought and sold shares of PZC. []
Relative Value CEF Opportunities: More Alpha In A Less Beta Environment
03:22pm, Thursday, 28'th Oct 2021
Steadily lower yields and heightened volatility make relative value opportunities an attractive alpha generation strategy in 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