PIMCO New York Municipal Income Fund III announced earnings results for the first quarter ended December 31, 2011. For the quarter, the company reported net investment income of $930,635 or $0.17 per common share compared to $949,532 or $0.17 per common share for the same period a year ago. Net realized and change in unrealized gain was $497,820 or $0.08 per common share compared to net realized and change in unrealized loss $5,963,532 or $1.06 per common share for the same period a year ago. Net asset value per share at December 31, 2011 was $8.91 compared to $8.32 at December 31, 2010.