PIMCO New York Municipal Income Fund II Reports Earnings Results for the Second Quarter and Six Months Ended November 30, 2011
January 30, 2012 at 09:00 pm
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PIMCO New York Municipal Income Fund II reported earnings results for the second quarter and six months ended November 30, 2011. For the quarter, the company reported net investment income of $2,251,770 or $0.22 per share and net realized and change in unrealized gain of $766,251 or $0.07 per share against net investment income of $2,269,157 or $0.21 per share and net realized and change in unrealized loss of $9,085,974 or $0.84 per share for the same period last year. Net asset value as at November 30, 2011 was $10.36 against $10.51 as at November 30, 2010.
For the six months, the company reported net investment income of $4,583,939 or $0.43 per share and net realized and change in unrealized gain of $2,604,269 or $0.27 per share against net investment income of $4,868,947 or $0.45 per share and net realized and change in unrealized loss of $4,639,015 or $0.43 per share for the same period 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 