PMX News and Press, PIMCO Municipal Income Fund III of Beneficial Interest From 06/30/22

PMF is the PIMCO Municipal Income Fund, is the first in a series of three related national municipal bond CEFs. Since PMX started, PMF has performed better. PMX is the PIMCO Municipal Income Fund III, has provided the worst results since it started in late 2002. PML is the PIMCO M...

1 out of 23 CEF sectors positive on price and 0 out of 23 sectors positive on NAV last week. Volatility brings CEF rotation opportunities. Examples of three (non-portfolio) swaps. For further details see: Weekly Closed-End Fund Roundup: Volatility Brings CEF Rotation Opp...

A sharp sell-off to start the year has pushed down municipal bond valuations and muni closed-end funds to discounts, presenting an attractive entry point for investors seeking tax-exempt income. Muni CEFs borrow money at short-term interest rates and invest the proceeds in muni bonds ...

I don't quite understand who would be buying the PIMCO National municipal bond CEFs over the Nuveen national muni bond CEFs right now. These two fund sponsors of municipal bond closed-end funds are probably the two most popular when it comes to high-yields (PIMCO) and the sheer number...

PML has had a rough 2022, although in the short term it saw a swift bounce off its lows. With some positive momentum, this CEF could look like a buy. In truth, I do have a favorable outlook for munis as a whole right now. Yet, PML remains stuck on my avoid list. The duration level...

Rating agencies reported that upgrades outpaced downgrades in 2021. The decline in the stock market produced concern that pension funding may decline, and the rise in inflation may reduce benefits. The shorter bonds can be sold to take advantage of large outflows from mutual funds...

PIMCO Municipal Income Fund III (NYSE:PMX) declares $0.054/share monthly dividend, in line with previous. Forward yield 5.82% Payable April 1; for shareholders of record March 11; ex-div March 10. See PMX Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: P...

Right now is one of the best times to get into what is typically thought of as the best-in-breed of the CEF world. Most of the funds are trading cheap thanks to the cut to three of the funds back in September. Investors are extrapolating those cuts to the rest of the taxables. But...

For the second month in three, equity CEFs on average witnessed negative returns, falling 2.61% on a NAV basis for November. While for the first month, three fixed income CEFs posted returns in the black (+0.12%). Thirty-six percent of all CEFs traded at a premium to their NAV, wi...

Interest rate volatility prompted another month of negative total returns. Below-average issuance was counterbalanced by a slowdown in demand. November could provide opportunities ahead of seasonal strength in December and January. For further details see: Muni Seasonal ...