PIMCO High Income Fund Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
February 27, 2013 at 09:00 pm
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PIMCO High Income Fund reported earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, net investment income was $32,366,031 or $0.27 per common share against $27,290,014 or $0.22 per common share a year ago. Net realized and change in unrealized Gain was $31,182,426 or $0.26 per common share against net realized and change in unrealized loss of $8,828,713 or $0.05 per common share a year ago.
For the nine months, net investment income was $85,363,239 or $0.70 per common share against $90,044,262 or $0.74 per common share a year ago. Net realized and change in unrealized Gain was $119,500,294 or $1.00 per common share against net realized and change in unrealized loss of $221,358,709 or $1.79 per common share a year ago. As on December 31, 2012, net asset value was $8.47 against $7.27 and loss per common share was $0.1957 against income per common share of $0.0680.
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 
