The Difference Between Good And Bad CEFs [Forbes]
Pimco Municipal Income Fund II Common Shares of Beneficial Interest (PML)
US:NYSE Investor Relations:
pimco.com/en-us/investments/closed-end-funds/municipal-income-fund-ii
Company Research
Source: Forbes
CEFs are renowned (by the few people who know about these high-income funds, of course!) for their outsized dividends—around 8%, on average, across the board as I write this. But buying a CEF is not like buying a regular stock. When it comes to picking CEFs , we've got a whole bunch of different factors sitting in front of us that we need to weigh. Sometimes CEFs Are Cheap for a Reason There are, for example, some things that go beyond, say, past performance or discounts to net asset value (NAV, or the value of a fund's portfolio—the main measure of a CEF's value). For example, funds sometimes change management teams, and because CEFs are so far off the media's (and Wall Street's) radar, changes like these get almost no coverage. That's too bad for CEF newbies, but it's great for those of us in the know on these funds, because a change at the top can quickly rejuvenate a CEF, making a lousy performer an attractive pickup. Beyond that, there can be a time when buying a “ba
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Sec Filings
- 12/20/24 - Form SCHEDULE
- 12/20/24 - Form 4
- 12/10/24 - Form 3
- PML's page on the SEC website