NEW YORK, April 18, 2005 (PRIMEZONE) -- PIMCO California Municipal Income Fund II (NYSE:PCK) and PIMCO New York Municipal Income Fund II (NYSE:PNI) (the "Funds") today announced their results for the fiscal quarter and nine months ended February 28, 2005.
California New York Municipal Income II Municipal Income II ------------------- ------------------- At Feb. 28 At Feb. 29 At Feb. 28 At Feb. 29 ---------- ---------- ---------- ---------- 2005 2004 2005 2004 ---- ---- ---- ---- Net Assets(a) $701,297,261 $696,078,865 $243,191,879 $242,528,786 Shares Out- standing 30,208,903 30,114,041 10,444,763 10,393,279 Net Assets Value ("NAV") $14.61 $14.48 $14.67 $14.68 Market (Discount) to NAV (0.96)% (2.14)% (1.09)% 0.54% (a)Net assets are inclusive of Preferred Shares issuance of $260 million and $90 million for California Municipal Income II and New York Municipal Income II, respectively. Quarter ended Quarter ended Feb. 28, 2005 Feb. 29, 2004 Feb. 28, 2005 Feb. 29, 2004 ------------- ------------- ------------- ------------- Net Invest- ment Income $7,840,583 $7,703,295 $2,751,139 $2,672,636 Per Share $0.26 $0.26 $0.27 $0.25 Net Realized and Unreal- ized Gain $16,620,883 $8,736,915 $7,689,694 $3,393,892 Per Share $0.55 $0.29 $0.73 $0.32 Nine Months ended Nine Months ended Feb. 28, 2005 Feb. 29, 2004 Feb. 28, 2005 Feb. 29, 2004 ------------- ------------- ------------- ------------- Net Investment Income $23,739,428 $25,469,338 $8,403,238 $8,259,153 Per Share $0.79 $0.85 $0.81 $0.79 Net Realized and Unrealized Gain (Loss) $33,277,484 $(8,574,856) $11,846,171 $1,817,041 Per Share $1.10 $(0.28) $1.13 $0.18
Allianz Global Investors 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, an Allianz Global Investors Fund Management affiliate, serves as the Fund's sub-adviser.
The Funds' daily New York Stock Exchange closing price, net asset value per share as well as other information, are available at www.allianzinvestors.com/closedendfunds or by calling the Fund's transfer agent at 1-800-331-1710.