PZC News and Press, PIMCO California Municipal Income Fund III of Beneficial Interest 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 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 III ( NYSE: PZC ) declares $0.0295/share monthly dividend , -22.4% decrease from prior dividend of $0.0380. Forward yield 4.21% Payable Feb. 1; for shareholders of record Jan. 13; ex-div Jan. 12. See PZC Dividend Scorecard, ...

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...

PIMCO California Municipal Income Fund III ( NYSE: PZC ) had declared $0.038/share monthly dividend , in line with previous. Payable Aug. 1; for shareholders of record July 11; ex-div July 8. See PZC Dividend Scorecard, Yield Chart, & Dividend Growth. For...

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 ...

We review CEF market valuation and performance through the second week of December and highlight recent market action. December has so far provided a respite from a more grim November. We revisit some of our core CEF themes that have been relatively resilient and can continue to p...