PIMCO California Municipal Income Fund Announces Earnings Results for the Second Quarter and Six Months Ended October 31, 2012
December 29, 2012 at 02:30 am IST
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PIMCO California Municipal Income Fund announced earnings results for the second quarter and six months ended October 31, 2012. For the quarter, the company's net investment income was $4,676,069 or $0.25 per share compared to $4,924,132 or $0.26 per share for the same period in 2011. Net realized and change in unrealized gain was $3,570,623 or $0.19 per share compared to $5,968,003 or $0.32 per share for the same period in 2011.
For the six months, the company's net investment income was $9,420,459 or $0.51 per share compared to $10,021,527 or $0.54 per share for the same period in 2011. Net realized and change in unrealized gain was $11,168,834 or $0.60 per share compared to $19,155,185 or $1.04 per share for the same period in 2011.
PIMCO California Municipal Income Fund (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 will invest at least 90% of its net assets in municipal bonds which pay interest that 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 but judged to be of comparable quality by Pacific Investment Management Company LLC (PIMCO). The Fund portfolio allocations include ad valorem property tax, sales tax revenue and general fund. The Fund's investment manager is PIMCO.
PIMCO CALIFORNIA MUNICIPAL INCOME FUND 
