PCM Fund Inc. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2012
August 23, 2012 at 09:00 pm
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PCM Fund Inc. announced earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company reported net investment income of $3,540,100 of $0.30 per share and net realized and change in unrealized loss of $354,401 or $0.02 per share compared to net investment income of $3,391,876 of $0.30 per share and net realized and change in unrealized loss of $558,921 or $0.05 per share reported in the same period last year.
For the six months, the company reported net investment income of $6,124,872 of $0.53 per share and net realized and change in unrealized gain of $8,243,000 or $0.73 per share compared to net investment income of $6,520,177 of $0.57 per share and net realized and change in unrealized gain of $3,469,229 or $0.30 per share reported in the same period last year.
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. 
