PIMCO New York 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 New York 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 $1,394,907 or $0.18 per share compared with $1,468,438 or $0.19 per share a year ago. Net realized and change in unrealized gain was $450,743 or $0.05 per share compared with $6,511,789 or $0.85 per share a year ago.
For the nine months, the company's net investment income was $4,084,562 or $0.53 per share compared with $4,361,671 or $0.57 per share a year ago. Net realized and change in unrealized gain was $5,268,612 or $0.68 per share compared with $10,941,326 or $1.43 per share a year ago. As on January 31, 2013, the company's net asset value was $12.07.
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 
