PIMCO California Municipal Income Fund Announces Earnings Results for the Third Quarter and Nine Months Ended January 31, 2013
March 28, 2013 at 01:30 am IST
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PIMCO California Municipal Income Fund announced earnings results for the third quarter and nine months ended January 31, 2013. For the quarter, the company's net investment income was $4,807,115 or $0.26 per share compared with $4,889,392 or $0.27 per share a year ago. Net realized and change in unrealized gain was $3,815,953 or $0.21 per share compared with $20,358,573 or $1.10 per share a year ago.
For the nine months, the company's net investment income was $14,227,574 or $0.77 per share compared with $14,910,919 or $0.81 per share a year ago. Net realized and change in unrealized gain was $14,984,787 or $0.81 per share compared with $39,513,758 or $2.14 per share a year ago. As on January 31, 2013, the company's net asset value was $14.62.
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 
