PCQ: Mixed Outlook For The Year Ahead [Seeking Alpha]
PIMCO California Municipal Income Fund (PCQ)
US:NYSE Investor Relations:
pimco.com/en-us/investments/closed-end-funds/california-municipal-income-fund-iii
Company Research
Source: Seeking Alpha
PCQ: Mixed Outlook For The Year Ahead Feb. 19, 2020 2:21 PM ET | About: PIMCO California Municipal Income Fund (PCQ) by: Dividend Seeker ETF investing, dividend investing, long-term horizon, value Summary Municipal bonds continue to attract interest in 2020, but investors should be wary of high premiums going forward. PCQ offers bonds originating in California, exempt from Californian state taxes. However, the yield premium offered by new bonds in this jurisdiction is less than the AAA-rated benchmark. The fund's premium remains one of the largest in the PIMCO universe, yet its UNII figures continue to show the distribution stream will come under pressure in the short term. Main Thesis The purpose of this article is to evaluate the PIMCO California Municipal Income Fund ( Going forward, I continue to view PCQ as a mixed bag. Positively, the fund's yield above 4% remains attractive, and muni issuance has dropped a bit in the short term, helping support values for bonds across the sect
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Sec Filings
- 9/5/24 - Form N-CSRS
- 8/30/24 - Form N-PX
- 8/29/24 - Form NPORT-P
- PCQ's page on the SEC website