PIMCO New York 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 New York 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 $1,305,182 or $0.17 per share compared to $1,409,757 or $0.19 per share for the same period in 2011. Net realized and change in unrealized gain was $1,119,919 or $0.15 per share compared to $1,483,534 or $0.19 per share for the same period in 2011.
For the six months, the company's net investment income was $2,689,655 or $0.35 per share compared to $2,893,233 or $0.38 per share for the same period in 2011. Net realized and change in unrealized gain was $4,817,869 or $0.63 per share compared to $4,429,537 or $0.58 per share for the same period in 2011.
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 
