PIMCO California Municipal Income Fund II Reports Earnings Results for the Second Quarter and Six Months Ended November 30, 2011
January 30, 2012 at 09:00 pm
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PIMCO California Municipal Income Fund II reported earnings results for the second quarter and six months ended November 30, 2011. For the quarter, the company reported net investment income of $5,495,245 or $0.18 per share and net realized and change in unrealized gain of $1,344,702 or $0.04 per share against net investment income of $5,673,586 or $0.19 per share and net realized and change in unrealized loss of $23,547,708 or $0.75 per share for the same period last year. Net asset value as at November 30, 2011 was $7.63 against $7.75 as at November 30, 2010.
For the six months, the company reported net investment income of $11,306,057 or $0.37 per share and net realized and change in unrealized gain of $8,420,736 or $0.27 per share against net investment income of $11,334,927 or $0.37 per share and net realized and change in unrealized loss of $10,764,335 or $0.24 per share for the same period last year.
PIMCO California Municipal Income Fund II (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal and California income tax. Under normal circumstances, the Fund invests at least 90% of its net assets in municipal bonds which pay interest that, in the opinion of bond counsel to the issuer, is exempt from regular federal and California income taxes. The Fund may invest up to 20% of its total assets in investments the interest from which is subject to the federal alternative minimum tax. The Fund may invest up to 20% of its net assets in municipal bonds that are, at the time of investment, rated Ba/BB or B by Moody's Investors Service, Inc., S&P Global Ratings or Fitch, Inc. or lower or that are unrated. The Fund invests in various sectors, including health, hospital and nursing, and port, airport and marina. The Fund's investment manager is Pacific Investment Management Company LLC.
PIMCO CALIFORNIA MUNICIPAL INCOME FUND II 
