PIMCO New York Municipal Income Fund III announced earnings results for the third quarter and nine months ended June 30, 2012. For the quarter, the company reported net investment income of $992,958 or $0.16 per common share compared to $970,189 or $0.18 per common share for the same period a year ago. Net realized and change in unrealized gain was $667,154 or $0.12 per common share compared to $2,813,152 or $0.50 per common share for the same period a year ago.

For the nine months, the company reported net investment income of $3,456,335 or $0.61 per common share compared to $2,892,823 or $0.52 per common share for the same period a year ago. Net realized and change in unrealized gain was $2,148,493 or $0.38 per common share compared to net realized and change in unrealized loss of $4,601,695 or $0.82 per common share for the same period a year ago. Net asset value per share as at June 30, 2012 was $9.33 compared to $8.59 as at June 30, 2011.