PIMCO New York Municipal Income Fun... (PYN)
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PIMCO Muni CEFs (Finally) Re-Rate For The New Environment
20 January 2023
PIMCO finally did it. They chopped the muni CEF distribution by up to 45%. PCQ was the biggest risk as it was trading at a ridiculous 45% premium to NAV going into the cut.
PIMCO California Muni CEFs Teach A Lesson On Valuation
18 January 2023
PIMCO California muni funds teach a lesson on CEF valuation. The most expensive fund declined by the most after the cut.
Pick Up Yield In These CEF Relative Value Switches
7 April 2022
Recent market volatility has opened up discount valuation divergences between very similar CEFs.
CEF Weekly Market Review: Funds Take A Breather
25 July 2021
We review CEF market valuation and performance over the past week and highlight recent events. CEF prices stalled in July on the back of lower risk sentiment driving discounts wider.