Item 7.01 Regulation FD Disclosure.

Annual Shareholder Meeting Results:

PIMCO Municipal Income Fund III (the "Fund") held its annual meeting of
shareholders on December 17, 2019, during which shareholders voted on the
election and re-election of certain of the Fund's Trustees. The results of the
elections were certified on January 2, 2020. Common/Preferred shareholders voted
as indicated below:

Election of Trustees by Common and Preferred Shareholders of the Fund, voting
together as a single class:



                                      Affirmative         Affirmative          Withheld      Withheld Authority
                                          (#)          (as a % of common      Authority      (as a percentage of
                                                      and preferred share        (#)        common and preferred
                                                          votes cast)                         share votes cast)
Election of Sarah E. Cogan            27,219,730            95.08%            1,407,773             4.92%
Class II to serve until 2022
Election of David N. Fisher†          27,376,197            95.63%            1,251,306             4.37%
Class III to serve until 2020
Election of Alan Rappaport            27,333,622            95.48%            1,293,881             4.52%
Class II to serve until 2022

Election of Trustees by Preferred Shareholders of the Fund, voting as a separate class:



                                      Affirmative         Affirmative          Withheld      Withheld Authority
                                          (#)        (as a % of preferred     Authority      (as a percentage of
                                                       share votes cast)         (#)        preferred share votes
                                                                                                    cast)

Election of James A. Jacobson*, **        20                 0.33%              5,135              85.46%

Election of Derrick A. Clark*             854               14.21%                0                 0.00%
 Class II to serve until 2022


Certain other members of the Board of Trustees at the time of the meeting,
namely, Ms. DeCotis and Messrs. T. Matthew Buffington*, Hans W. Kertess, John C.
Maney† and William B. Ogden, IV, continue to serve as Trustees. Bradford K.
Gallagher, who was a member of the Board of Trustees at the time of the meeting,
retired from his position as Trustee of the Fund, effective December 31, 2019.

* Preferred Shares Trustee

** Trustee was not elected by shareholders at the annual meeting.

† Interested Trustee

Changes to Board of Trustees:



At the Fund's annual shareholder meeting held on December 17, 2019, incumbent
Trustee James A. Jacobson was replaced on the Board by Derrick A. Clark in a
contested election for a Trustee position elected by preferred shareholders of
the Fund, voting as a separate class. Mr. Clark received the affirmative vote of
14.21% of the preferred share votes cast at the meeting. Mr. Clark was nominated
by Dryden Capital Fund, LP, Dryden Capital, LLC, and certain affiliates thereof
(collectively, "Dryden"). Dryden is a holder of Auction Rate Preferred Shares of
the Fund.

Effective December 17, 2019, the Board of Trustees appointed James A. Jacobson to the Board as a Class III Trustee to be elected by common and preferred shareholders of the Fund, voting together.

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