Another Pimco income fund trading at a premium to NAV gets hit - today the Pimco California...

|About: Pimco California Municip... (PCK)|By:, SA News Editor

Another Pimco income fund trading at a premium to NAV gets hit - today the Pimco California Municipal Income Fund II (PCK -4.9%). Today's decline still leaves it at a 12% premium to the end of May's NAV at a time when the average muni CEF is trading at discount. Three noteworthy ones: NUV, NPM, MQY.