PIMCO High Income Fund Announces Earnings Results for the Fiscal Fourth Quarter and Year Ended March 31, 2012
May 29, 2012 at 09:00 pm
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PIMCO High Income Fund announced earnings results for the fiscal fourth quarter and year ended March 31, 2012. For the quarter, net investment income was $26,530,180 or $0.22 per common share compared to net investment income of $34,083,187 or $0.28 per common share for the corresponding period of last year. Net realized and change in unrealized gain was $90,970,210 or $0.74 per common share against net realized and change in unrealized gain of $47,870,752 or $0.41 per common share of prior year period.
For the year, net investment income was $116,574,442 or $0.96 per common share against net investment income of $136,322,268 or $1.13 per common share for the prior year. Net realized and change in unrealized loss was $130,388,499 or $1.05 loss per common share against net realized and change in unrealized gain of $119,896,742 or $1.03 per common share of prior year.
PIMCO High Income Fund (Fund) is a closed-end management investment company. The Fund seeks to achieve its investment objectives by utilizing a dynamic asset allocation strategy among multiple fixed income sectors in the global credit markets, which include corporate debt, such as fixed-, variable- and floating-rate bonds, bank loans, convertible securities and stressed debt securities issued by United States (US) or foreign (non-US) corporations or other business entities, including emerging market issuers; mortgage-related and other asset-backed securities; government and sovereign debt; taxable municipal bonds, and other securities, including emerging of the issuer's credit characteristics, forecast for interest rates and outlook for particular countries/regions, currencies, industries, sectors and the global economy and bond markets generally. The investment manager of the Fund is Pacific Investment Management Company LLC.
PIMCO HIGH INCOME FUND 
