PIMCO California Municipal Income Fund III reported earnings results for the second quarter and six months ended March 31, 2012. For the quarter, the fund reported net investment income of $5,246,303 or $0.24 per share against $4,189,756 or $0.19 per share a year ago. Net realized and change in unrealized gain was $11,183,479 or $0.52 per share against net realized and change in unrealized loss was $6,917,998 or $0.33 per share a year ago. For the six months, the fund reported net investment income of $9,407,763 or $0.43 per share against $8,380,259 or $0.38 per share a year ago. Net realized and change in unrealized gain was $14,113,350 or $0.65 per share against net realized and change in unrealized loss was $36,000,954 or $1.65 per share a year ago. Net asset value as at March 31, 2012 was $9.79 against $8.01 as at March 31, 2011.