PML Research | Milton Maxwell

PML

PIMCO Municipal Income Fund II

7.57

+0.00+0%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ -/-

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

503.35M

P/E (TTM)

Basic EPS (TTM)

-0.44

Dividend Yield

0.06%

Recent Filings

8-K

Illiquid limit removed

9/27/23Sep 27, 2023

PIMCO Municipal Income Fund II removed its 20% illiquid securities investment limit, effective October 27, 2023. This guideline change, announced September 26, expands portfolio flexibility for higher-yield opportunities. Flexibility boosts now.

8-K

Portfolio managers appointed

6/16/23Jun 16, 2023

PIMCO Municipal Income Fund II tapped David Hammer and Kyle Christine for day-to-day management effective June 16, 2023. Hammer, a managing director with prior Morgan Stanley muni trading leadership, rejoins core duties; Christine, a senior VP with 10 years' experience, steps up too. New team brings deep municipal bond expertise. Seamless transition, no disruptions noted.

8-K

Fund adds loan investments

4/12/23Apr 12, 2023

PIMCO Municipal Income Fund II expanded its investment guidelines effective April 12, 2023, to invest in or originate loans—including below-investment-grade ones to U.S. states, cities, or private entities like housing projects—without limits beyond laws and RIC rules. Loans span whole, mezzanine, bridge types with variable maturities. New risks loom: origination costs hit shareholders; unsold loans risk high exposure. Litigation shadows loan servicers.

8-K

Leverage cap removed

12/22/22Dec 22, 2022

PIMCO Municipal Income Fund II's Board removed a non-fundamental guideline capping leverage at 50% of total assets, plus outdated asset segregation rules, effective immediately on December 22, 2022. This frees the Fund from voluntary limits while it stays bound by Investment Company Act Section 18 rules. Flexibility expands.

8-K

PML declares $0.059 monthly dividend

12/2/22Dec 2, 2022

PIMCO Municipal Income Fund II declared a monthly distribution of $0.059000 per common share, payable January 3, 2023 to record holders on December 12, 2022 (ex-dividend December 9). This yields 8.73% annualized on NAV and 7.99% on market price as of October 31, 2022. Distributions may include return of capital.

About

PIMCO Municipal Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets. The fund invests in stocks of companies operating across diversified sectors. It seeks to invest primarily in municipal bonds, variable rate notes, variable rate demand notes, and U.S. treasury bills. PIMCO Municipal Income Fund II was formed on June 28 2002 and is domiciled in United States.

CEO

Mr. John B. Cummings

IPO

6/26/2002

Website

https://www.allianzinvestors.com/Products/pages/6.aspx?ShareClassCode=ARTIFICIAL

Sector

Financial Services

Industry

Asset Management