PCK: Great Short-Term Profit, Now Exercise Caution [Seeking Alpha]
Pimco California Municipal Income Fund II Common Shares of Beneficial Interest (PCK)
US:NYSE Investor Relations:
pimco.com/en-us/investments/closed-end-funds/california-municipal-income-fund-ii
Company Research
Source: Seeking Alpha
PCK: Great Short-Term Profit, Now Exercise Caution - Pimco California Municipal Income Fund II (NYSE:PCK) | Seeking Alpha Closed End Funds PCK: Great Short-Term Profit, Now Exercise Caution Aug. 15, 2019 5:26 PM ET | About: Pimco California Municipal Income Fund II (PCK) Includes: PCQ PZC by: Dividend Seeker ETF investing, dividend investing, long-term horizon, value Summary The long-term story for municipal debt remains positive, but investors need to be cautious when buying funds priced at a premium. PCK has seen strong returns in 2019 and is up over double digits since my last recommendation. However, the cost to own the fund has risen. While the supply of municipal debt remains constrained, declining interest rates could prompt new issuance, as issuers look to lock in lower rates. Main Thesis The purpose of this article is to evaluate the PIMCO California Municipal Income Fund II ( report However, the success of PCK, while anticipated, has reached a point where I am now cautious
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Sec Filings
- 12/10/24 - Form 3
- 11/27/24 - Form NPORT-P
- 11/4/24 - Form DEF
- PCK's page on the SEC website