PIMCO New York Municipal Income Fund Reports Earnings Results for the Fourth Quarter and Full Year Ended April 30, 2012
June 29, 2012 at 04:00 pm EDT
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PIMCO New York Municipal Income Fund reported earnings results for the fourth quarter and full year ended April 30, 2012. For the quarter, the company reported net investment income of $1,357,651 or $0.17 per share compared to $1,371,218 or $0.18 per share a year ago. Net realized and change in unrealized loss of $201,611 or $0.02 per share compared to net realized and change in unrealized gain of $1,631,924 or $0.21 per share a year ago. NAV was $11.38 compared to $9.92 per share a year ago.
For the year, the company reported net investment income of $5,719,322 or $0.74 per share compared to $6,116,196 or $0.80 per share a year ago. Net realized and change in unrealized gain of $10,739,715 or $1.41 per share compared net realized and change in unrealized loss of $6,438,427 or $0.84 per share a year ago.
PIMCO New York Municipal Income Fund is a non-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 Moodyâs 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 
