XPCQX

About XPCQX

PIMCO California Municipal Income Fund is a closed-end fund primarily focused on providing current income that is exempt from both federal and California state income taxes. Managed by Pacific Investment Management Company LLC, the fund invests predominantly in municipal bonds issued within California, targeting investors who seek tax-advantaged fixed income solutions. By concentrating on California municipal securities, it plays a vital role in funding local government projects and infrastructure, while offering shareholders potential interest income that remains sheltered from certain taxes. The fund’s structure as a closed-end investment vehicle allows for a fixed pool of assets, and its historical distributions have included net investment income, realized capital gains, and, in some cases, a return of capital. PIMCO California Municipal Income Fund is designed to appeal to residents of California and those in high tax brackets who can maximize the benefits of municipal bond income, making it a significant player in the municipal fixed income segment of the financial market.