PCQ
PIMCO California Municipal Income Fund8.73
+0.07+0.81%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
165.70MP/E (TTM)
-Basic EPS (TTM)
-0.62Dividend Yield
0.05%Recent Filings
8-K
Fund eases California bond minimum
PIMCO California Municipal Income Fund's Board approved reducing its minimum investment in California Municipal Bonds from 90% to 80% of net assets, effective October 20, 2025. This tweak offers portfolio managers more flexibility while maintaining the core 80% threshold for tax-exempt income under normal circumstances. The adjustment aligns with federal and state tax-exempt strategies. No risks disclosed.
8-K
Fund lifts illiquid cap
PIMCO California Municipal Income Fund removed its 15% illiquid securities investment guideline, effective October 27, 2023. This change, announced September 26, expands portfolio flexibility for municipal bonds. It allows greater allocation to potentially higher-yield illiquids. No risks or rationale disclosed.
8-K
Fund management changes
PIMCO California Municipal Income Fund shifted day-to-day management to David Hammer and Kyle Christine, effective June 16, 2023. Hammer, a managing director with prior stints at PIMCO and Morgan Stanley leading municipal trading, teams up with Christine, a senior vice president boasting 10 years in high yield and municipal bonds. This duo brings deep expertise to the fund's portfolio. Investors gain seasoned oversight amid municipal market shifts.
8-K
Fund expands to loan investments
PIMCO California Municipal Income Fund updated its investment guidelines on April 12, 2023, to allow direct investment in and origination of loans, including below-investment-grade ones tied to U.S. states, cities, or housing projects. This broadens the fund's strategy beyond traditional municipal bonds, potentially increasing yield but exposing it to higher credit and liquidity risks. Loan origination costs will hit shareholders directly. Bridge loans heighten default risks if permanent financing falters.
8-K
Leverage guideline removed
PIMCO California Municipal Income Fund's Board approved removing a non-fundamental leverage guideline and outdated asset segregation rules, effective immediately on December 22, 2022. This streamlines disclosures while keeping the Fund under Investment Company Act limits. Change hits shareholder reports starting the annual N-CSR for the year ended December 31, 2022. Flexibility boosts without new risks.
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