PFL - PML - Get Out While You Still Can!
I purchased the PIMCO Municipal Income II (PML) closed-end fund at a small discount in the middle of 2015. PML has had a great run lately and is now trading at a significant premium to its NAV. Since I prefer to own closed-end funds selling at a discount, I decided to re-evaluate the position. After doing an extensive evaluation, I've sold, and I'm thankful I had the opportunity to get out at the current price.
The fund, at a glance
I decided to sell for the following reasons, which I will explain in