PIMCO California Municipal Income Fund II Reports Earnings Results for the Third Quarter and Nine Months Ended February 28, 2014
April 30, 2014 at 01:30 am IST
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PIMCO California Municipal Income Fund II reported earnings results for the third quarter and nine months ended February 28, 2014. For the quarter, the company reported net investment income of $5,747,164 or $0.18 per share against $5,535,196 or $0.17 per share for the same period a year ago. Net realized and change in unrealized gain was $14,726,481 or $0.47 per share compared to net realized and change in unrealized loss of $6,941,222 or $0.22 per share for the same period last year.
For the Nine Months, the company reported net investment income of $16,368,184 or $0.52 per share against $16,425,410 or $0.52 per share for the same period a year ago. Net realized and change in unrealized loss was $21,892,011 or $0.69 per share compared to net realized and change in unrealized gain of $17,463,871 or $0.56 per share for the same period last year. Net asset value as at February 28, 2014 was $8.19 compared to $9.16 as at February 28, 2013.
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 
