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Posted by
Two Blokes Jul 26 -
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Stock
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PIMCO Municipal Income Fund II offers diversified, investment-grade municipal bond exposure with tax-exempt income, but is best suited for near-retirees seeking low-risk options. The fund's heavy leverage and weak dividend coverage make it vulnerable to prolonged high interest rates, suppressing both price and income potential. PML trades at a decade-high discount to NAV, presenting a potential entry point for those optimistic about near-term interest rate cuts.
