PIMCO California Municipal Income Fund III reported earnings results for the first quarter ended December 31, 2012. For the quarter, the company reported net investment income of $3,355,264 or $0.15 per common share compared to $4,161,460 or $0.19 per common share a year ago. Net realized and changed in unrealized gain was $3,448,905 or $0.16 per common share compared to $2,929,871 or $0.13 per common share a year ago.