PIMCO New York Municipal Income Fund Announces Earnings Results for the Fourth Quarter and Full Year Ended April 30, 2013
June 28, 2013 at 01:30 am IST
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PIMCO New York Municipal Income Fund announced earnings results for the fourth quarter and full year ended April 30, 2013. For the quarter, the company reported net investment income of $1,287,217 or $0.17 per common share compared to $1,357,651 or $0.17 per common share reported in the same period last year. Net realized and change in unrealized loss was $203,398 or $0.02 per common share against $201,611 or $0.02 per common share reported last year.
For the year, the company reported net investment income of $5,371,779 or $0.70 per common share compared to $5,719,322 or $0.74 per common share reported in the same period last year. Net realized and change in unrealized gain was $5,065,214 or $0.66 per common share against $10,739,715 or $1.41 per common share reported last year.
PIMCO New York Municipal Income Fund is a non-diversified, closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal, New York State and New York City 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, New York State and New York City 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 invests at least 80% of its net assets in municipal bonds that at the time of investment are investment grade quality (Baa or higher by Moodyâs Investors Service, Inc. or BBB or better by S&P Global Ratings or Fitch, Inc.), or bonds that are unrated but determined to be of comparable quality by Pacific Investment Management Company LLC (PIMCO). The Fund's investment manager is PIMCO.
PIMCO NEW YORK MUNICIPAL INCOME FUND 
