PML News and Press, Pimco Municipal Income Fund II of Beneficial Interest From 05/09/23

2023-05-09 08:00:00 ET Summary This has been an interesting year, with the major indices up but with a lot of volatility at the same time. With bank failures, more Fed rate hikes, and a recession looming (for years now it seems) there is a lot of merit to being cautious. Especiall...

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,...

2023-03-19 07:33:20 ET Summary Municipal bonds are extremely popular due to their tax advantages. While yields are low today, they are higher than what we saw in 2020 and 2021. VTES, the newly launched fund from Vanguard, aims to take low duration and credit risk while giving ...

Summary PML is a fund I own and recommended to start off the year. After some modest gains, I believe a more cautious tone is warranted. Munis saw an unusually strong January after an awful 2022. I expect the months ahead to be full of ups and downs. Funds like PML look attractive o...

Summary We review CEF market valuation and performance through the first week of February and highlight recent market action. CEFs notched another good week with EM sectors underperforming. We discuss how unleveraged CEFs are able to maintain a more stable level of income in this en...

PIMCO Municipal Income Fund II ( NYSE: PML ) declares $0.0395/share monthly dividend , in line with previous. Forward yield 4.96% Payable March 1; for shareholders of record Feb. 13; ex-div Feb. 10. See PML Dividend Scorecard, Yield Chart, & Dividend Growth. ...

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...

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...