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PZC / PZC: I Would Expect Modest Gains For This California Muni Fund
PZC is similar to other PIMCO muni CEFs in that it has had a volatile few months. This comes on the backdrop of higher interest rates and a distribution cut. With this backdrop, I believe the worst of things has passed. PZC sits at its par value on the open market and offers an attractive yield - especially to California residents.
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Posted: Jan 27 2023, 14:49
Author Name: Seeking Alpha
Views: 102716
PZC News
By Seeking Alpha
January 27, 2023
PZC: I Would Expect Modest Gains For This California Muni Fund
PZC is similar to other PIMCO muni CEFs in that it has had a volatile few months. This comes on the backdrop of higher interest rates and a distributi more_horizontal