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.