PCK News and Press, Pimco California Municipal Income Fund II of Beneficial Interest From 01/20/23

Summary 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. Post-cut, valuations are being re-rated significantly. All the funds may eventually trade at a discoun...

Summary PIMCO California muni funds teach a lesson on CEF valuation. The most expensive fund declined by the most after the cut. Remember CEF investors, don't just look at the yield! Author's note: This article was released to CEF/ETF Income Laboratory members as part of...

Summary 21 out of 22 CEF sectors were positive on price and 20 out of 22 sectors were positive on NAV last week. MLPs are the most discounted CEF sector. Real estate and senior loans are the highest-yielding CEF sector. Author's note: This article was released to CEF/ETF...

Summary 3 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. PIMCO muni CEFs cut. PCQ's fall another reminder of why CEF premium/discount valuation matters. Author’s note: This article was released to CEF/ETF Income Laborato...

Summary The PIMCO muni CEFs have been taking a bath this week on the backdrop of distribution cuts. This news hasn't been positive for any of the impacted funds. However, it is a stunning example of how "premiums matter". We often hear on this forum and elsewhere that premiums are a...

Pimco California Municipal Income Fund II ( NYSE: PCK ) declares $0.0215/share monthly dividend , -32.8% decrease from prior dividend of $0.0320. Forward yield 3.72% Payable Feb. 1; for shareholders of record Jan. 13; ex-div Jan. 12. See PCK Dividend Scorecard, Y...

Summary 2 out of 23 CEF sectors positive on price and 4 out of 23 sectors positive on NAV last week. DEX will merge with AGD. Self-tender of 30% of DEX shares will proceed next January. FEO successfully liquidated. For further details see: Weekly Closed...

Pimco California Municipal Income Fund II ( NYSE: PCK ) had declared $0.032/share monthly dividend, in line with previous. Payable Jan. 3; for shareholders of record Dec. 12; ex-div Dec. 9. See PCK Dividend Scorecard, Yield Chart, & Dividend Growth. For further detai...

Summary For the second month in a row, equity CEFs (+5.16% on a NAV basis) on average witnessed plus-side returns. While their fixed income CEF cohorts (+4.53%) posted gains for the first month in four. Only 19% of all CEFs traded at a premium to their NAV at month end, with 20% of ...

NEW YORK, Nov. 01, 2022 (GLOBE NEWSWIRE) -- The Boards of Trustees/Directors of the PIMCO closed-end funds below (each, a “Fund” and, collectively, the “Funds”) have declared a monthly distribution for each Fund’s common shares as summarized below. The dis...