Pimco California Municipal Income Fund III (PZC)


Stock Price Forecast

June 18, 2021


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About the Company

A tax-sensitive approach to investing can provide tangible advantages to investors seeking current income, especially those in higher tax brackets. Investing primarily in California municipal bonds, the fund seeks to provide current income exempt from federal and California income tax. Under normal circumstances, the fund will invest at least 90% of its net assets in municipal bonds which pay interest that is exempt from regular federal and California income taxes (i.e., excluded from gross income for federal and California income tax purposes but not necessarily exempt from the federal alternative minimum tax). The fund may invest up to 20% of its total assets in investments the interest from which is subject to the federal alternative minimum tax. The fund invests at least 80% of its net assets in municipal bonds that at the time of investment are investment grade quality (Baa or higher by Moody’s Investors Service, Inc. (“Moody’s) or BBB or better by S&P Global Ratings (“S&P”) or Fitch, Inc. (“Fitch”)), or bonds that are unrated but determined to be of comparable quality by PIMCO. The fund may invest up to 20% of its net assets in municipal bonds that are, at the time of investment, rated Ba/BB or B by Moody’s, S&P or Fitch or lower or that are unrated but judged to be of comparable quality by PIMCO. The portfolio manager also aims to preserve and enhance the value of the fund’s holdings relative to the municipal bond market, generally, using proprietary analytical models that test and evaluate the sensitivity of those holdings to changes in interest rates and yield relationships. PIMCO is qualified to respond to recent changes in the municipal bond market, with an extensive network of credit research capabilities to address concerns about creditworthiness, which is critical to municipal bond investing. Additionally, PIMCO has the market presence to provide access to the new issue and secondary markets.

$66M

Total Revenue

None

Employees

$103M

Market Capitalization

4.89

Price/Earning ratio

Fundamental Data and Insider Transactions (Quarterly data) Full Screen

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Latest $PZC News

PIMCO California Municipal Income Fund (PCQ)

17d ago, source: Yahoo Finance

PCK), PIMCO California Municipal Income Fund III (NYSE: PZC), PIMCO Municipal Income Fund (NYSE: PMF), PIMCO Municipal Income Fu ...

PIMCO CA Municipal Income III PZC

29d ago, source: Morningstar

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...

PIMCO Municipal Income Fund III (PMX)

1mon ago, source: Investing

View advanced dividend insights and history for in-depth analysis of historical dividend payouts and performance.

Certain PIMCO Closed-End Funds Announce Tender Offers for Auction Rate Preferred Shares

16d ago, source: Business Insider

PCK), PIMCO California Municipal Income Fund III (NYSE: PZC), PIMCO Municipal Income Fund (NYSE: PMF), PIMCO Municipal Income Fund II (NYSE: PML), PIMCO Municipal Income Fund III (NYSE ...

Pimco California Municipal Income Fund II of Beneficial Interest

27d ago, source: TheStreet.com

We rate PIMCO CA Municipal Income Fund II at D-. Negative factors that influence this rating include a high expense structure. The fund invests approximately 99% of its assets in bonds and may be ...

PIMCO California Short Duration Municipal Income Fund

12d ago, source: TheStreet.com

Rates under 4% came and went during the Covid pandemic, but home prices soared. Here's what buyers and sellers face as the housing season ramps up.

PIMCO New York Municipal Income Fund III (PYN)

23d ago, source: Investing

PIMCO Dynamic Credit and Mortgage Income Fund (NYSE:PCI) - $0.1641. PIMCO Municipal Income Fund (NYSE:PMF) - $0.0597. PIMCO California Municipal Income Fund (NYSE:PCQ) - ...

PIMCO California Intermediate Municipal Bond Fund;Institutional

10d ago, source: Wall Street Journal

The Fund Invests at least 80% of its assets in investment-grade municipal bonds which is exempted from regular federal income tax and California income tax and with a 3-7 year average duration.

PIMCO California Intermediate Municipal Bond Fund;A

7d ago, source: Wall Street Journal

The Fund Invests at least 80% of its assets in investment-grade municipal bonds which is exempted from regular federal income tax and California income tax and with a 3-7 year average duration.

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