PCQ News and Press, PIMCO California Municipal Income Fund From 01/17/23

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 PIMCO greeted the start of the year with massive distribution cuts across their Muni closed-end fund suite. We take another look at PIMCO California Municipal Income Fund, which nearly halved its distribution, to see what carryover lessons this carries for CEF investing. And...

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 ( NYSE: PCQ ) declares $0.036/share monthly dividend , -44.6% decrease from prior dividend of $0.065. Forward yield 2.82% Payable Feb. 1; for shareholders of record Jan. 13; ex-div Jan. 12. See PCQ Dividend Scorecard, Yield ...

Summary Municipal bonds from the state of California generally pique my interest for a number of reasons. Simply, I am bullish on the sector in 2023. Even with that backdrop, PCQ does not entice me. The premium to NAV the fund trades at is astronomical and could set investors up for hea...

PIMCO California Municipal Income Fund ( NYSE: PCQ ) had declared $0.065/share monthly dividend, in line with previous. Payable Jan. 3; for shareholders of record Dec. 12; ex-div Dec. 9. See PCQ Dividend Scorecard, Yield Chart, & Dividend Growth. For further details ...

Summary 12 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Tortoise offer tender results. NCZ resumes distributions, NCV holders should switch. Author's note: This article was released to CEF/ETF Income Laboratory members ...

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...

CEF discounts have narrowed from our previous update but are still sitting wider than at the end of 2021. So far, discounts have bottomed out with the market on June 16th, 2022, which has so far been the market low for 2022. 2022 remains a volatile year but has also presented quit...