PMF: My View Is There Are Modest Returns Ahead For This Muni Fund (Rating Upgrade) [Seeking Alpha]
PIMCO Municipal Income Fund (PMF)
US:NYSE Investor Relations:
pimco.com/en-us/investments/closed-end-funds/municipal-income-fund
Company Research
Source: Seeking Alpha
I suggest that the outlook for fixed-income munis is improving, despite headwinds such as inflation and a more hawkish Fed. This article emphasizes the income potential and tax advantages of munis, making a case for considering them as an investment option. This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More » Main Thesis & Background The purpose of this article is to evaluate the PIMCO Municipal Income Fund ( NYSE: PMF ) as an investment option at its current market price. This is a closed-end fund with a primary objective "to seek current income exempt from federal income tax". I cover PIMCO's muni CEFs regularly, including PMF. Over the past year or so I have cooled on these funds given their extensive (and expensive!) use of leverage. PMF was no exception to this, when I suggested readers avoid this particular fund in favor of others when 2024 was about to begin. In hindsight, I was correct in my th
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Sec Filings
- 4/24/24 - Form SC
- 4/24/24 - Form 3
- 4/18/24 - Form 4
- PMF's page on the SEC website