PIMCO California Municipal Income F... (PZC)
|52 Week Range||7.21-8.89|
|1y Target Est||-|
|DCF Unlevered||PZC DCF ->|
|DCF Levered||PZC LDCF ->|
|Debt / Equity||20.87%||Neutral|
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Latest PZC news
PZC: I Would Expect Modest Gains For This California Muni Fund
27 January 2023
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...
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.
Weekly Closed-End Fund Roundup: Special Distributions Coming Up (December 4, 2022)
13 December 2022
22 out of 23 CEF sectors positive on price and 22 out of 23 sectors positive on NAV last week. All sectors were positive last week.
Weekly Closed-End Fund Roundup: Tortoise Tender Results, NCZ Resumes Distributions (November 6, 2022...
15 November 2022
12 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Tortoise offer tender results.
CEF Weekly Market Review: Revisiting Resilient Core Themes
18 December 2021
We review CEF market valuation and performance through the second week of December and highlight recent market action.
Relative Value CEF Opportunities: More Alpha In A Less Beta Environment
28 October 2021
Steadily lower yields and heightened volatility make relative value opportunities an attractive alpha generation strategy in CEFs.
PIMCO California Municipal Income Fund III is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets. It seeks to invest in stocks of companies operating across diversified sectors. Its investment portfolio include California municipal bonds, and other municipal bonds and notes; California variable rate notes and other variable rate notes; California variable rate demand notes and other variable rate demand notes; U.S. treasury bills; and call options written and put options written. PIMCO California Municipal Income Fund III was formed on October 31, 2002 and is domiciled in United States.
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