2024-04-06 07:16:09 ET
Summary
- The article evaluates the PIMCO Municipal Income Fund as an investment option, highlighting its use of leverage and widening discount to NAV.
- I suggest that the outlook for fixed-income munis is improving, despite headwinds such as inflation and a more hawkish Fed.
- This article emphasizes the income potential and tax advantages of munis, making a case for considering them as an investment option.
Main Thesis & Background
The purpose of this article is to evaluate the PIMCO Municipal Income Fund ( PMF ) as an investment option at its current market price. This is a closed-end fund with a primary objective "to seek current income exempt from federal income tax"....
Read the full article on Seeking Alpha
For further details see:
PMF: My View Is There Are Modest Returns Ahead For This Muni Fund (Rating Upgrade)