Dividend Information and Recent Developments of Pimco California Municipal Income Fund II Before Ex-Dividend Date Jun 12, 2025

The Pimco California Municipal Income Fund II (PCK) has announced a dividend of $0.022 per share, with an ex-dividend date of Jun 12, 2025, and a payment date set for Jul 1, 2025. Notably, this dividend is lower than the average of the last 10 dividends per share, which stood at $0.056. The previous dividend, announced on Jun 2, 2025, was also $0.022 per share. Both dividends are categorized as cash dividends.

Recently, there have been several significant developments regarding PCK. The PIMCO Municipal Income Fund II, managed by Allianz Global Investors Fund Management LLC, continues to capture attention as a closed-end fixed income mutual fund. As of late, there has been an industry shift, with PIMCO planning to merge its CA and NY CEFs into PCK and PNI, reflecting a broader trend of consolidation in the Muni CEF sector. This move is part of a larger contraction in the number of Muni CEFs over the past decades, which has implications for both the market and investors.

Over the past week, market analysts have reported that the Pimco California Municipal Income Fund II experienced a slight price change of -0.19%, with the stock price settling at $5.35. This decline is part of the broader market movements affecting municipal bond funds and reflects investor sentiment amidst changing economic conditions. Additionally, the Pimco Municipal Income Fund II has maintained a yield of approximately 0.049, with a premium/discount of -10.8%.

In conclusion, Pimco California Municipal Income Fund II is undergoing notable changes, both in its dividend distribution and its market strategy. Investors keen on securing the upcoming dividend should take note of the ex-dividend date, Jun 12, 2025, as the last opportunity to purchase shares and be eligible for this distribution. Acquiring shares after this date will not qualify investors for the dividend payout.