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PCK / PCK: The Discount To NAV Is Not Enough To Remain Bullish (Rating Downgrade)

PCK: The Discount To NAV Is Not Enough To Remain Bullish (Rating Downgrade)
PIMCO California Municipal Income Fund II has struggled throughout 2023 despite a widened discount to NAV. The fund's inability to attract buyers at its discounted price is a cause for concern. Income metrics from PCK are alarming, raising doubts about the sustainability of its income stream. Read More
Posted: Aug 17 2023, 02:50
Author Name: Seeking Alpha
Views: 102590

PCK News  

PCK: The Discount To NAV Is Not Enough To Remain Bullish (Rating Downgrade)

By Seeking Alpha
August 17, 2023

PCK: The Discount To NAV Is Not Enough To Remain Bullish (Rating Downgrade)

PIMCO California Municipal Income Fund II has struggled throughout 2023 despite a widened discount to NAV. The fund's inability to attract buyers at i more_horizontal

PCK: Pay Attention To Duration, Tech And The Debt Ceiling

By Seeking Alpha
April 10, 2023

PCK: Pay Attention To Duration, Tech And The Debt Ceiling

PIMCO California Municipal Income Fund II has high duration, which works on a rate pivot, but it's quite aggressive in that regard. Furthermore, as fa more_horizontal

The Month In Closed-End Funds: March 2023

By Seeking Alpha
April 6, 2023

The Month In Closed-End Funds: March 2023

For the second consecutive month, equity CEFs (-0.26%) on average witnessed negative performance while their fixed income CEF cohorts (+0.87%) posted more_horizontal

PCK: Trades At Discount To NAV, Rising Inflation Can Cause Pain

By Seeking Alpha
June 22, 2022

PCK: Trades At Discount To NAV, Rising Inflation Can Cause Pain

PCK trades at a nice discount to NAV and the fund is markedly cheaper than its sister funds from PIMCO. California munis seem well supported at these more_horizontal


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