PIMCO California Municipal Income Fund III announced earnings results for the fiscal quarter ended December 31, 2013. For the period, the company announced net asset value per share of $8.93 compared to $10.36 for the same period a year ago. Undistributed net investment income per common share was $0.3185 compared to $0.2378 for the same period a year ago.

Net investment income was $3,859,227 compared to $3,355,264 for the same period a year ago. Net investment income per share was $0.18 compared to $0.15 for the same period a year ago. Net realized and change in unrealized loss was $3,397,118 or $0.16 per common share compared to net realized and change in unrealized gain of $3,448,905 or $0.16 per common share for the same period a year ago.