PIMCO California Municipal Income Fund II Reports Earnings Results for the Second Quarter and Six Months Ended November 30, 2012
January 28, 2013 at 04:00 pm EST
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PIMCO California Municipal Income Fund II reported earnings results for the second quarter and six months ended November 30, 2012. For the quarter, the company reported net investment income of $5,359,917 or $0.17 per against $5,495,245 or $0.18 per share for the same period a year ago. Net realized and change in unrealized gain of $17,636,645 or $0.57 per share compared to $1,344,702 or $0.04 per share for the same period last year. Net asset value as at November 30, 2012 was $9.39 compared to $7.63 as at November 30, 2011.
For the six months, the company reported net investment income of $10,890,214 or $0.35 per against $11,306,057 or $0.37 per share for the same period a year ago. Net realized and change in unrealized gain of $24,405,093 or $0.78 per share compared to $8,420,736 or $0.27 per share for the same period last year.
PIMCO California Municipal Income Fund II (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal and California income tax. Under normal circumstances, the Fund invests at least 90% of its net assets in municipal bonds which pay interest that, in the opinion of bond counsel to the issuer, is exempt from regular federal and California 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 may invest up to 20% of its net assets in municipal bonds that are, at the time of investment, rated Ba/BB or B by Moody's Investors Service, Inc., S&P Global Ratings or Fitch, Inc. or lower or that are unrated. The Fund invests in various sectors, including health, hospital and nursing, and port, airport and marina. The Fund's investment manager is Pacific Investment Management Company LLC.
PIMCO CALIFORNIA MUNICIPAL INCOME FUND II 
