PNI News and Press, Pimco New York Municipal Income Fund II of Beneficial Interest From 06/23/21

PDI and PCI continue to have weak fundamentals. PDO continues to be the best buy in the space. PMX falls back to the buy-range. Since this article, PDO's valuation has skyrocketed above what we deem fair value.  Subsequently, coverage ratios for PCI and PDI have fallen dr...

The disparity among PIMCO tax-exempt muni CEFs remains large. Apart from lower income yields, greater susceptibility to distribution cuts and larger drawdown potential, the ongoing consolidation wave in the sector presents another risk for high-premium funds. In our view, investor...

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. With discounts contracting, few non-muni income choices are attractively valued anymore. For further details see: The Quality Closed-End Fund Report, April 2021

Nineteen out of 23 CEF sectors are positive on price and 21 out of 23 sectors positive on NAV last week. THW rights offering concludes and was undersubscribed. GUT's and CLM/CRF's rights offerings commentary. IRR will liquidate in another Saba victory, while IID was successful...

The taxable PIMCO CEFs are still trading below 100% coverage thanks to the falling dollar. That could improve in January as the dollar has rebounded some. In this space, we continue to like RCS and PHK. PGP is a good S&P 500 proxy. Muni CEF coverage continues to get healthier....

NEW YORK, Dec. 04, 2020 (GLOBE NEWSWIRE) -- PIMCO California Municipal Income Fund (NYSE: PCQ), PIMCO California Municipal Income Fund II (NYSE: PCK), PIMCO California Municipal Income Fund III (NYSE: PZC), PIMCO Municipal Income Fund (NYSE: PMF), PIMCO Municipal Income Fund II (NYSE: PML),...

21 out of 23 CEF sectors positive on price and 20 out of 23 sectors positive on NAV last week as rally continues for the third week. MLPs lead while real estate lags. Taxable munis are the most expensive CEF sector. For further details see: Weekly Closed-End Fund Roundup...

Author's note : This article was released to CEF/ETF Income Laboratory members on April 26, 2020. Please check the latest data before investing. Chemist's "Quality" Closed-End Fund Report Quantitative screens help to rapidly narrow down attractive candidates from the database of 500-plu...

While some officials have floated the idea of starting to re-open the economy around May, that won't including the Northeast states, which are currently the U.S. epicenter of the coravirus pandemic. More news on: Nuveen New York AMT-Free Municipal Income Fund, BlackRock New York Municipal ...

Picture Source: REUTERS/Bryan R Smith. The numbers are displayed at the New York Stock Exchange in New York, U.S., January 31, 2020. For the month, 72% of all closed-end funds (BATS: CEFS ) posted net asset value((NAV))-based returns in the black, with only 46% of equity CEFs and 92% of ...