PCM Fund Inc. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
August 29, 2014 at 09:00 pm
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PCM Fund Inc. announced earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net investment income of $3,041,248 or $0.26 per share against $3,147,510 or $0.27 per share a year ago. Net realized and change in unrealized gain was $662,282 or $0.06 per share against net realized and change in unrealized loss of $4,393,827 or $0.37 per share a year ago.
For the six months period, the company reported net investment income of $5,653,249 or $0.49 per share against $6,379,164 or $0.55 per share a year ago. Net realized and change in unrealized gain was $1,598,722 or $0.14 per share against net realized and change in unrealized loss of $1,480,473 or $0.12 per share a year ago. Net asset value per share was $11.32 against $11.30 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. 
