PIMCO Municipal Income Fund II
PML
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- David Hammer
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 650 Newport Center Drive Newport Beach CA United States of America 92660
- IPO Date
- Jun 26, 2002
- CIK
- 0001170299
- Website
- allianzinvestors.com
- Similar Companies
- Business
- PIMCO Municipal Income Fund II (NYSE: PML) is a closed-end fixed income mutual fund that seeks to provide current income exempt from regular federal income tax. Launched on June 28, 2002, and domiciled in the United States, the fund is managed by Allianz Global Investors Fund Management LLC and co-managed by Pacific Investment Management Company LLC (PIMCO), with its principal office located at 650 Newport Center Drive, Newport Beach, California. Under normal circumstances, the fund invests at least 90% of its net assets in municipal bonds that, in the opinion of bond counsel to the issuer, pay interest exempt from regular federal income taxes; at least 80% of its net assets in municipal bonds that are, at the time of purchase, rated investment grade; and up to 20% of its total assets in municipal bonds subject to the federal alternative minimum tax, variable rate notes, variable rate demand notes, and U.S. Treasury bills. The fund primarily targets investors seeking tax-exempt income through a diversified portfolio of municipal securities across various sectors and geographies within the United States. Portfolio managers include David Hammer and Kyle Christine. In a major strategic reorganization completed on August 1, 2025, PIMCO Municipal Income Fund II served as the acquiring fund, absorbing the assets and liabilities of PIMCO Municipal Income Fund (NYSE: PMF) and PIMCO Municipal Income Fund III (NYSE: PMX), thereby expanding its asset base while maintaining its existing investment objective and strategies. This merger followed board approval announced in April 2025 and related SEC filings, including prospectus supplements and N-14 amendments in May 2025, reflecting ongoing efforts to streamline PIMCO's municipal bond closed-end fund offerings. The fund continues to operate without fundamental changes to its leverage or asset coverage policies post-reorganization.