FMP

FMP

Enter

PCQ - PIMCO California Mun...

photo-url-https://images.financialmodelingprep.com/symbol/PCQ.png

PIMCO California Municipal Income Fund

PCQ

NYSE

PIMCO California Municipal Income Fund 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 of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in municipal bonds. PIMCO California Municipal Income Fund was formed on June 29, 2001 and is domiciled in New York.

8.95 USD

0.06 (0.67%)

Latest PCQ News

Seeking Alpha

Dec 28, 2023

PCQ: One Year Later, A Vastly Different Story Can Be Told

PIMCO California Municipal Income Fund previously traded at a high premium but now has a double-digit discount to NAV, making it a more attractive investment option. The supply of new municipal bonds has decreased, creating a favorable market dynamic for funds like PCQ. California's improving revenue and the expectation of a steepening yield curve in 2024 are positive factors for PCQ's performance.

Read More

Seeking Alpha

Jul 21, 2023

PCQ: Not Impressed By Recent Momentum, Cautious Outlook Remains

This article evaluates the PIMCO California Municipal Income Fund as a potential investment option at its current market price. Despite recent gains in PCQ, the prudent course here is to remain cautious. California's budget and finances are more sensitive to economic trends, given its tax structure that relies heavily on high net worth individuals.

Read More

Seeking Alpha

Jan 20, 2023

PIMCO Muni CEFs (Finally) Re-Rate For The New Environment

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.

Read More

Seeking Alpha

Jan 18, 2023

PIMCO California Muni CEFs Teach A Lesson On Valuation

PIMCO California muni funds teach a lesson on CEF valuation. The most expensive fund declined by the most after the cut.

Read More

Seeking Alpha

Jan 17, 2023

Weekly Closed-End Fund Roundup: January 8, 2023

21 out of 22 CEF sectors were positive on price and 20 out of 22 sectors were positive on NAV last week. MLPs are the most discounted CEF sector.

Read More

Seeking Alpha

Jan 10, 2023

Weekly Closed-End Fund Roundup: PIMCO Muni CEF Distribution Cuts (January 1, 2023)

3 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. PIMCO muni CEFs cut.

Read More

Seeking Alpha

Jan 10, 2023

PCQ: A Lesson In Managing Distribution Stability Risk

PIMCO greeted the start of the year with massive distribution cuts across their Muni closed-end fund suite. We take another look at PIMCO California Municipal Income Fund, which nearly halved its distribution, to see what carryover lessons this carries for CEF investing.

Read More

Seeking Alpha

Dec 20, 2022

PCQ: It Looks Like A Sell To Me

Municipal bonds from the state of California generally pique my interest for a number of reasons. Simply, I am bullish on the sector in 2023. Even with that backdrop, PCQ does not entice me. The premium to NAV the fund trades at is astronomical and could set investors up for heavy losses.

Read More

Seeking Alpha

Nov 15, 2022

Weekly Closed-End Fund Roundup: Tortoise Tender Results, NCZ Resumes Distributions (November 6, 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.

Read More

Seeking Alpha

Aug 1, 2022

PCQ: 2 Years Later And This Fund Remains Grossly Overpriced

PCQ remains one of the most expensive PIMCO offerings within the CEF family. As has been the case for a while, this is hard to justify. PCQ's sister funds have much smaller premiums to NAV, so one would be hard-pressed to find a buy case for PCQ at these levels.

Read More
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep