PIMCO Municipal Income Fund III(PMX)

$6.68—

Chart

PIMCO Municipal Income Fund III(PMX)

NYSE

$6.68—

Chart Studio

PMX(PMX)

PMX

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7/10/26

PIMCO MUNICIPAL INCOME FUND III (PMX)

Friday

11:53 AM

Thesis: The recent stabilization of interest rates and increased demand for municipal bonds are creating a more favorable environment for PMX…

Revenue Outlook

Metric	FY2023	FY2024
Revenue	$22M	$22M
Rev. Growth	+124%	-2.5%
EPS	$0.64	$-0.10
EPS Growth	+123%	-116%
P/E	11.1×	—

What’s Driving the Stock

1PMX's NAV has decreased by 10% over the last year, indicating potential for recovery as interest rates stabilize.
2PIMCO's recent strategic pivot towards ESG-focused municipal bonds could attract new investors seeking sustainable investments.
3The fund's distribution yield has increased to 5.5%, making it more attractive in a low-yield environment.
4Recent municipal bond issuance has surged by 15% YoY, indicating strong demand for tax-exempt securities.
5Increased focus on ESG investments in municipal bonds
6Growing demand for tax-exempt income in a low-yield environment
7Changes in municipal bond yields, particularly in response to interest rate movements
8Investor sentiment towards tax-exempt securities

FY2024 Snapshot

Revenue: $22M
Rev. Growth: -2.5%
Gross Margin: 100%
Op. Margin: 83.8%
Net Margin: -5.0%
Net Income: $-1M
NI Growth: -104%
EPS: $-0.10
1Y Return: -2.6%

PMX Chart

My Notes

"Investors are beginning to recognize the value in tax-exempt income as yields stabilize."
Moat: PIMCO's established brand and extensive research capabilities provide a durable competitive advantage in the municipal bond market.
income - PMX appeals to income-focused investors seeking tax-exempt returns from municipal bonds.
Interest rates have a direct impact on the valuation of municipal bonds.
Watch on earnings: 10-Year Treasury Yield (GS10), High Yield Credit Spreads (BAMLH0A0HYM2), Municipal bond issuance trends.

One Sentence Summary:

PIMCO Municipal Income Fund III: the setup is constructive — pmx's nav has decreased by 10% over the last year, indicating potential for recovery as interest rates stabilize.

Auto-composed from Stock Alarm intelligence, financial statements, and analyst estimates. Not investment advice.

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Metric

FY2023

FY2024

P/E

11.1×

—

What’s Driving the Stock

1PMX's NAV has decreased by 10% over the last year, indicating potential for recovery as interest rates stabilize.

2PIMCO's recent strategic pivot towards ESG-focused municipal bonds could attract new investors seeking sustainable investments.

3The fund's distribution yield has increased to 5.5%, making it more attractive in a low-yield environment.

4Recent municipal bond issuance has surged by 15% YoY, indicating strong demand for tax-exempt securities.

5Increased focus on ESG investments in municipal bonds

6Growing demand for tax-exempt income in a low-yield environment

7Changes in municipal bond yields, particularly in response to interest rate movements

8Investor sentiment towards tax-exempt securities

My Notes

"Investors are beginning to recognize the value in tax-exempt income as yields stabilize."

Moat: PIMCO's established brand and extensive research capabilities provide a durable competitive advantage in the municipal bond market.

income - PMX appeals to income-focused investors seeking tax-exempt returns from municipal bonds.

Interest rates have a direct impact on the valuation of municipal bonds.

Watch on earnings: 10-Year Treasury Yield (GS10), High Yield Credit Spreads (BAMLH0A0HYM2), Municipal bond issuance trends.