PCM Fund Inc. Announces Earnings Results for the Fourth Quarter and Year Ended December 31, 2011
March 02, 2012 at 09:00 pm
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PCM Fund Inc. announced earnings results for the fourth quarter and year ended December 31, 2011. For the quarter, the company has reported net realized and change in unrealized loss of $2,180,402 or $0.20 per share against $13,864 or $0.00 per share reported in the same period last year. Net investment income was $4,190,123 or $0.37 per share against $3,594,582 or $0.32 per share reported last year.
For the year, the company has reported net realized and change in unrealized loss of $5,326,260 or $0.47 per share against net realized and change in unrealized gain of $26,104,603 or $2.29 per share reported in the same period last year. Net investment income was $12,966,180 or $1.13 per share against $12,702,380 or $1.12 per share reported last year. Net asset value at the end of the year was $9.48 against $9.88 reported a year ago.
PCM Fund, Inc. is a closed-end management investment company. The Fundâs primary investment objective is to achieve high current income. Capital gain from the disposition of investments is a secondary objective of the Fund. The Fund has the ability to invest in agency-guaranteed mortgage-backed securities, private label (non-agency) mortgage-backed securities, investment grade corporate debt securities, high yield corporate debt securities and commercial mortgage-backed securities. The Fund invests in asset-backed securities, non agency mortgage-backed securities, corporate bonds and notes, short-term instruments, loan participations and assignments, united sates government agencies, common stocks and other. Additionally, the fund may invest in credit derivatives, such as credit default swaps, and other derivative instruments for gaining synthetic exposures. It may invest without limit in securities. Its investment manager is Pacific Investment Management Company LLC.
PCM FUND INC. 
