PIMCO New York Municipal Income Fund II Announces Earnings Results for the Quarter and Year Ended May 31, 2012
July 27, 2012 at 09:00 pm
Share
PIMCO New York Municipal Income Fund II announced earnings results for the quarter and year ended May 31, 2012. For the quarter, the company reported net investment income of $2,267,479 or $0.22 per common share compared to net investment income of $2,294,264 or $0.22 per common share for the corresponding period of last year. Net realized and change in unrealized gain was $1,505,835 or $0.14 per common share compared to net realized and change in unrealized gain of $3,129,422 or $0.29 per common share for the comparable period of last year.
For the year, net investment income was $9,095,315 or $0.85 per common share compared to net investment income of $9,489,719 or $0.88 per common share for the last year. Net realized and change in unrealized gain was $13,491,807 or $1.24 per common share compared to net realized and change in unrealized loss of $9,206,486 or $0.85 loss per common share for the last year.
PIMCO New York Municipal Income Fund II (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal, New York State and New York City income tax. Under normal circumstances, the Fund will invest at least 90% of its net assets in municipal bonds which pay interest that is exempt from regular federal, New York State and New York City income taxes. The Fund may invest up to 20% of its total assets in investments the interest from which is subject to the federal alternative minimum tax. The Fund invests at least 80% of its net assets in municipal bonds that at the time of investment are investment grade quality (Baa or higher by Moody's Investors Service, Inc. or BBB or better by S&P Global Ratings or Fitch, Inc.), or bonds that are unrated but determined to be of comparable quality by Pacific Investment Management Company LLC (PIMCO). The Fund's investment manager is PIMCO.
PIMCO NEW YORK MUNICIPAL INCOME FUND II 
