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home / news releases / pck trades at discount to nav rising inflation can c

PCK - PCK: Trades At Discount To NAV Rising Inflation Can Cause Pain

Pimco California Municipal Income Fund II of Beneficial Interest
  • PCK trades at a nice discount to NAV and the fund is markedly cheaper than its sister funds from PIMCO.
  • California munis seem well supported at these levels. Tax revenues are up and state finances suggest defaults and delinquencies will be minimal.
  • However, the recent turmoil within the muni sector continues to suggest caution is warranted. PCK, in particular, has a very large duration level.
  • As a result, if inflation doesn't subside, there could be more pain ahead.

For further details see:

PCK: Trades At Discount To NAV, Rising Inflation Can Cause Pain
Stock Information
Company Name: Pimco California Municipal Income Fund II of Beneficial Interest
Stock Symbol: PCK
Market: NYSE
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