PCK News and Press, Pimco California Municipal Income Fund II of Beneficial Interest From 08/21/23

2023-08-21 11:58:03 ET Summary The article evaluates the state of the equity market and suggests areas to invest in that offer relative value. Valuations are getting stretched as stocks rise, driven by P/E expansion rather than earnings growth. The article recommends investing...

2023-08-17 02:50:52 ET Summary PIMCO California Municipal Income Fund II has struggled throughout 2023 despite a widened discount to NAV. The fund's inability to attract buyers at its discounted price is a cause for concern. Income metrics from PCK are alarming, raising doubts...

NEW YORK, Aug. 14, 2023 (GLOBE NEWSWIRE) -- PIMCO Corporate & Income Opportunity Fund (NYSE: PTY), PIMCO Corporate & Income Strategy Fund (NYSE: PCN), PIMCO High Income Fund (NYSE: PHK), PIMCO Income Strategy Fund (NYSE: PFL), PIMCO Income Strategy Fund II (NYSE: PFN), PIMCO California Mu...

2023-05-08 06:16:29 ET California's reparations task force, which first convened nearly two years ago, has given the final approval to a list of recommendations on how the state may compensate and apologize to Black residents for historical discrimination. "Reparations are not only mora...

2023-04-10 09:21:16 ET Summary PIMCO California Municipal Income Fund II has high duration, which works on a rate pivot, but it's quite aggressive in that regard. Furthermore, as far as financing conditions for municipalities go, there's been less demand for munis as there's a dec...

2023-04-06 19:29:23 ET Summary For the second consecutive month, equity CEFs (-0.26%) on average witnessed negative performance while their fixed income CEF cohorts (+0.87%) posted gains for the second month in three. At month end, 13% of all CEFs traded at a premium to their NAV,...

2023-04-04 04:33:21 ET PIMCO California Municipal Income Fund II ( NYSE: PCK ) declares $0.0215/share monthly dividend , in line with previous. Forward yield 4.16% Payable May 1; for shareholders of record April 13; ex-div April 12. See PCK Dividend Scorecard...

Pimco California Municipal Income Fund II ( NYSE: PCK ) declares $0.0215/share monthly dividend , in line with previous. Forward yield 4.01% Payable March 1; for shareholders of record Feb. 13; ex-div Feb. 10. See PCK Dividend Scorecard, Yield Chart, & Dividend G...

Summary After a year best forgotten, 2023 has started out with a bang. January was a strong month that gave equity investors a timely relief rally. While this was a welcomed development, I am concerned that equity prices are getting too disconnected from reality. We have a challenging m...

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...