PIMCO California Municipal Income Fund II Announces Earnings Results for the Quarter and Year Ended May 31, 2012
July 28, 2012 at 01:30 am IST
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PIMCO California 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 $5,715,391 or $0.18 per common share compared to net investment income of $6,047,469 or $0.19 per common share for the corresponding period of last year. Net realized and change in unrealized gain was $5,653,078 or $0.18 per common share compared to net realized and change in unrealized gain of $11,246,984 or $0.36 per common share for the comparable period of last year.
For the year, net investment income was $22,432,123 or $0.71 per common share compared to net investment income of $23,136,186 or $0.74 per common share for the last year. Net realized and change in unrealized gain was $41,326,376 or $1.32 per common share compared to net realized and change in unrealized loss of $21,929,189 or $0.70 loss per common share for the last year.
PIMCO California 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 and California income tax. Under normal circumstances, the Fund invests at least 90% of its net assets in municipal bonds which pay interest that, in the opinion of bond counsel to the issuer, is exempt from regular federal and California 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 may invest up to 20% of its net assets in municipal bonds that are, at the time of investment, rated Ba/BB or B by Moody's Investors Service, Inc., S&P Global Ratings or Fitch, Inc. or lower or that are unrated. The Fund invests in various sectors, including health, hospital and nursing, and port, airport and marina. The Fund's investment manager is Pacific Investment Management Company LLC.
PIMCO CALIFORNIA MUNICIPAL INCOME FUND II 
