Item 8.01 Other Events.

The Board of Trustees (the "Board") of PIMCO California Municipal Income Fund II (the "Fund") approved removal of a non-fundamental investment disclosure guideline governing the amount of leverage the Fund can maintain and related asset segregation and coverage requirements that are no longer applicable to the Fund, effective immediately. The Fund remains subject to other applicable leverage limitations under Section 18 of the Investment Company Act of 1940, as amended, and related rules. The disclosure change will be reflected in the Fund's shareholder reports beginning with the Fund's annual shareholder report on Form N-CSR for the 12-month reporting period ended December 31, 2022.

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