PIMCO High Income Fund Announces Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2013
May 29, 2013 at 09:00 pm
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PIMCO High Income Fund announced earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, the company reported net investment income of $14,685,580 against $26,530,180 a year ago. Net investment income per common share was $0.11 against $0.22 a year ago. Net realized and change in unrealized gain was $51,594,268 against $90,970,210 a year ago. Net realized and change in unrealized per common share was $0.43 against $0.74 a year ago.
For the full year, net investment income of $100,048,819 against $116,574,442 a year ago. Net investment income per common share was $0.81 against $0.96 a year ago. Net realized and change in unrealized gain was $171,094,562 against net realized and change in unrealized loss of $130,388,499 a year ago. Net realized and change in unrealized per common share was $1.43 against net realized and change in unrealized loss per common share of $1.05 a year ago. Net asset value as at March 31, 2013 was $8.65.
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 
