PIMCO New York Municipal Income Fund II Reports Earnings Results for the Third Quarter and Nine Months Ended February 29, 2012
April 27, 2012 at 04:00 pm EDT
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PIMCO New York Municipal Income Fund II reported earnings results for the third quarter and nine months ended February 29, 2012. For the quarter, the company reported net investment income of $2,243,897 or $0.20 per against $2,326,508 or $0.21 per share for the same period a year ago. Net realized and change in unrealized gain of $9,381,703 or $0.86 per share compared to net realized and change in unrealized loss of $7,696,893 or $0.71 per share for the same period last year. Net asset value as at February 29, 2012 was $11.22 compared to net asset value of $9.80 as at February 28, 2011.
For the nine months, the company reported net investment income of $6,827,836 or $0.63 per against $7,195,455 or $0.66 per share for the same period a year ago. Net realized and change in unrealized gain of $11,985,972 or $1.10 per share compared to net realized and change in unrealized loss of $12,335,908 or $1.14 per share for the same period last year.
PIMCO New York 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, 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 Moody's 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 II 
