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Message Boards Settings PIMCO California Municipal Income Fund II (PCK) - Quote Info
16% Premium to NAV     30-Oct-09 08:43 pm    
NAV is $7.78

http://www.CEFconnect.com

Market price $9 plus "justified" by positive leverage on auction rate preferreds, yes really. paying 30 basis points plus 50 basis point - less than 1% - on half your capital stack boosts monthly payout.

So watch 3 month LIBOR for your exit point.

Good luck everybody!
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comet8791


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Further budget shortfall, more bond offerings, and disc...
d_sted Rate it 12-Oct-09 02:41 pm  
 
What comment by Bill gross are you refering too......
fourme@sbcg... Rate it 12-Oct-09 03:22 pm  
 
A large part of the October outlook was talki...
d_sted Rate it 13-Oct-09 02:03 pm  
 
That being said,I feel the main reason f...
fourme@sbcg... Rate it 14-Oct-09 10:31 am  
 
16% Premium to NAV
comet8791 Not rated 30-Oct-09 08:43 pm  
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PIMCO California Municipal Income Fund II (PCK)

Chart for PIMCO California Municipal Income Fund II (PCK)
On Nov 27: 8.7399 Up 0.1699 (1.98%)
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