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Pimco cancels dividend payments for 6 funds

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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-02-08 04:33 PM
Original message
Pimco cancels dividend payments for 6 funds
Pimco cancels dividend payments for 6 funds, citing decline in value due to market woes

http://money.cnn.com/news/newsfeeds/articles/apwire/56a9afed2e2a40229427bc8559c928c0.htm
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Zenlitened Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-02-08 05:04 PM
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1. And yet, for the past few weeks, I've heard lots of Financial Experts...
... talking about how municipal bonds are very attractive now. Another one of life's funny little coincidences, I'm sure.

From the linked article:

...The dividends declared Nov. 3 that were scheduled for payment Monday will not be paid for Pimco New York Municipal Income Fund, Pimco Municipal Income Fund II, Pimco California Municipal Income Fund II, Pimco Municipal Income Fund III, Pimco California Municipal Income Fund III and Pimco New York Municipal Income Fund III.

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