NEW YORK, April 3, 2006 (PRIMEZONE) -- The Boards of Trustees of PIMCO Municipal Income Fund III (NYSE:PMX), PIMCO California Municipal Income Fund III (NYSE:PZC) and PIMCO New York Municipal Income Fund III (NYSE:PYN), (collectively, the "Funds") announced today that they have declared the following dividends on the Funds' common shares:
PIMCO Municipal Income Fund III $0.07 per common share PIMCO California Municipal Income Fund III $0.08 per common share PIMCO New York Municipal Income Fund III $0.07 per common share
The dividends will be payable on May 1, 2006 to shareholders of record on April 13, 2006, with an ex-dividend date of April 11, 2006.
At March 31, 2006, the Funds' net assets (see Note) were approximately:
(in millions)
PIMCO Municipal Income Fund III $728.8
PIMCO California Municipal Income Fund III $499.2
PIMCO New York Municipal Income Fund III $128.5
Note: Net assets are inclusive of Preferred Shares of $270 million, $185 million and $47 million for Municipal Income III, California Municipal Income III and New York Municipal Income III, respectively.
The Funds are closed-end management investment companies. The investment objective of each Fund is to provide current income exempt from federal income tax. California Municipal Income Fund III also seeks to provide current income exempt from California state income taxes. New York Municipal Income Fund III also seeks to provide income exempt from New York state and city income taxes.
Allianz Global Investors Fund Management LLC, an indirect, wholly-owned subsidiary of Allianz Global Investors of America L.P., serves as the Funds' 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 Funds' sub-adviser.
The Funds' daily New York Stock Exchange closing prices, net asset values per share as well as other information, including updated portfolio statistics and performance are available at www.allianzinvestors.com or by calling the Funds' shareholder servicing agent at 1-800-331-1710.