PCQ News and Press, PIMCO California Municipal Income Fund From 11/11/20

Coverage rebounded in September as the dollar rallied off the interim lows. We take a hard look at what the dollar is doing so far in October to forecast ratios. The PIMCO muni funds look fundamentally the healthiest they have been for many years now. The average coverage ratio is 106...

PIMCO California Municipal Income Fund (PCQ) declares $0.065/share monthly dividend, in line with previous.Forward yield 4.39%Payable Nov. 2; for shareholders of record Oct. 13; ex-div Oct. 9.See PCQ Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: PIMCO ...

17 out of 23 CEF sectors positive on price and 15 out of 23 sectors positive on NAV last week. RIV announces a rights offering. DNI to delist from the NYSE. Share repurchase programs for First Trust MLP/midstream CEFs. A number of target term CEFs cut distributions. ...

It seems that again the UNII report was affected by the fall in the US dollar which further reduced coverage ratios. So far in September, the dollar is up moderately, indicating that a rebound in coverage ratios is highly probable. PIMCO muni CEFs are for the first time in a long ...

Author's note: This article was released to CEF/ETF Income Laboratory members on August 11, 2020. Please check latest data before investing. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors i...

Main Thesis The purpose of this article is to evaluate the PIMCO California Municipal Income Fund ( PCQ ) as an investment option at its current market price. PCQ has struggled in the new year, and I see that struggle continuing throughout the rest of 2020. The fund is still quite expensive,...

Author's note: This article was released to members of CEF/ETF Income Laboratory on July 21. Please check latest data before investing. Dear CEF/ETF Income Laboratory members, I would like to welcome the new members who have joined us recently. Newer members should check out the " Gett...

Written by Nick Ackerman, co-produced by Stanford Chemist The first half of 2020 had come in with a bang, and the market quickly hit all-time highs on February 19th. This was even as COVID-19 was beginning to spread around the globe. After reaching those all-time highs, the market quickl...

Main Thesis The purpose of this article is to evaluate the BlackRock MuniHoldings California Quality Fund ( MUC ) as an investment option at its current market price. This is a fund I heavily recommended a few months ago, and it has performed well. Looking ahead, I believe MUC could push hig...

(This report was issued to members of Yield Hunting on June 18.) The monthly update on PIMCO CEFs came out this week without much changes to the figures. Overall, we think the report was relatively benign and continues to signal the same result: Nothing to be afraid of here. However...