PNI - PNF: Large Gain Occurred Headwinds Abound
Main Thesis
The purpose of this article is to discuss the PIMCO New York Municipal Income Fund (PNF) as an investment option at its current market price. The fund has performed very well since my last review, especially since the new year began. With the provision capping the the state and local tax deduction on federal tax filings now set at $10,000, tax-free municipal debt has become seemingly more attractive to high-income filers in high-tax states. New York specifically fits this bill, as the state's residents are some of the most impacted by