NEW YORK, March 18, 2005 (PRIMEZONE) -- PIMCO Corporate Income Fund (the "Fund") (NYSE:PCN), a closed-end management investment company which seeks to provide high current income with secondary objectives of capital preservation and appreciation, today announced its results for the fiscal quarter ended January 31, 2005.
At January 31,
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2005 2004
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Net Assets(a) $848,287,977 $850,923,356
Shares Outstanding 35,800,389 35,608,150
Net Asset Value ("NAV") $15.32 $15.47
Market Price $15.57 $15.81
Premium to NAV 1.63% 2.20%
(a) Net assets are inclusive of $300 million
Preferred Shares issuance.
Quarter ended January 31,
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2005 2004
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Net Investment Income $13,569,368 $13,218,311
Per Share $0.38 $0.37
Net Realized and
Unrealized Gain (Loss) $(338,590) $18,918,188
Per Share $(0.01) $0.53
PA Fund Management LLC, an indirect, wholly-owned subsidiary of Allianz Global Investors of America, L.P., serves as the Fund's investment manager and is a member of Munich-based Allianz Group (NYSE:AZ). Pacific Investment Management Company LLC, a PA Fund Management affiliate, serves as the Fund's sub-adviser. Allianz is a leading global financial services company.
The Fund's daily New York Stock Exchange closing price, net asset value per share as well as other information is available at www.pimcoadvisors.com or by calling the Fund's transfer agent at 1-800-331-1710.