PIMCO New York Municipal Income Fund Reports Earnings Results for the Third Quarter and Nine Months Ended January 31, 2012
March 29, 2012 at 01:30 am IST
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PIMCO New York Municipal Income Fund reported earnings results for the third quarter and nine months ended December 31, 2011. For the quarter, the company reported net investment income of $1,468,438 or $0.19 per share against $1,524,788 or $0.20 per share a year ago. Net realized and change in unrealized gain was $6,511,789 or $0.85 per share against net realized and change in unrealized loss of $10,640,859 or $1.39 per share a year ago.
For the nine months period, the company reported net investment income of $4,361,671 or $0.57 per share against $4,744,978 or $0.62 per share a year ago. Net realized and change in unrealized gain was $10,941,326 or $1.43 per share against net realized and change in unrealized loss of $8,070,351 or $1.05 per share a year ago. At January 31, 2012, net asset value was $11.40 against $9.71 a year ago.
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 
