PIMCO Muni Fund Distribution Cuts Coming? [Seeking Alpha]
PIMCO New York Municipal Income Fund (PNF)
US:NYSE Investor Relations:
pimco.com/en-us/investments/closed-end-funds/new-york-municipal-income-fund
Company Research
Source: Seeking Alpha
Summary Summary: Three funds are in the danger zone for a potential distribution cut PIMCO Municipal Income III ( PMX ) PIMCO NY Muni II ( PNI ) PIMCO NY Muni III ( PYN ) A 4th fund, PIMCO NY Muni Income (NYSE: PNF ), may be susceptible to contagion risk because of its two sister NY funds listed above. A member sent us a nice graphical illustration of muni CEFs plotting discount and NAV yield. While nice, it is too simple and tends to be as deep as many analysts want to dive. Even the analysis below only gets a few inches below the surface. ------------------------------------ PIMCO released their monthly UNII and earnings report card on June 15th. It indicated to us that several distribution cuts to their municipal (tax-free) closed-end funds are possible. They may not happen on August 1st , but it is quite possible they may occur in the subsequent few months unless the trends change. History has demonstrated that PIMCO will not cut the d
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Sec Filings
- 4/18/24 - Form 4
- 4/17/24 - Form SC
- 4/17/24 - Form SC
- PNF's page on the SEC website