PIMCO High Income Fund Reports Results for the Third Quarter and Nine Months Ended December 31, 2013
February 28, 2014 at 09:00 pm
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PIMCO High Income Fund announced its earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported net investment income of $32,394,121 or $0.26 per share compared to $32,366,031 or $0.27 per share a year ago. Net realized and change in unrealized gain was $4,220,539 or $0.05 per share compared to net realized and change in unrealized gain of $31,182,426 or $0.26 per share a year ago. Net asset value per share as at December 31, 2013 was $7.98 compared to $8.47 a year ago.
For the nine months, the company reported net investment income of $70,465,624 or $0.57 per share compared to $85,363,239 or $0.70 per share a year ago. Net realized and change in unrealized loss was $20,223,460 or $0.14 per share compared to net realized and change in unrealized gain of $119,500,294 or $1.00 per share a year ago.
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 
