PIMCO Municipal Income Fund II Reports Results for the Fiscal Quarter Ended August 31, 2009
23 Octobre 2009 - 10:00PM
Business Wire
PIMCO Municipal Income Fund II (the "Fund") (NYSE:PML), a
closed-end management investment company which seeks to provide
current income exempt from federal income tax, today announced its
results for the fiscal quarter ended August 31, 2009.
At
August 31,
2009
2008
Net Assets (a) $939,180,440 $1,281,425,905 Common Shares
Outstanding 59,676,451 59,241,888 Net Asset Value ("NAV") $9.59
$13.11 Market Price $10.40 $13.20 Premium to NAV 8.45 % 0.69 %
Undistributed Net Investment Income Per Common Share (b) $0.1142
$0.0741
Quarter ended August 31,
2009
2008
Net Investment Income $13,811,578 $17,258,576 Per Common Share
$0.23 $0.29 Net Realized and Change in Unrealized Gain (Loss)
$35,404,502 $(46,801,714 ) Per Common Share $0.59 $(0.79 )
(a) Net assets are inclusive of market value of Preferred Shares of
$367 million and $505 million at August 31, 2009 and August 31,
2008, respectively. (b) Since net earning rates fluctuate
from month to month while monthly dividends have remained
relatively stable, there will be periods when the Fund may
over-earn or under-earn its monthly dividend, which would have the
effect of adding to or subtracting from the Fund's undistributed
net investment income balance. Fund management analyzes the current
and projected net earning rates prior to recommending dividend
amounts to the Fund's Board of Trustees for declaration. There can
be no assurance that the current dividend rate or the undistributed
net investment income balance will remain constant.
Top 5 State Positions at August 31, 2009
(as
a percentage of investments)
Texas 13.5 % Illinois 13.4 Arizona 9.3 Massachusetts 8.4 Rhode
Island 6.2
Allianz Global Investors Fund Management LLC ("AGIFM"), 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 affiliate of AGIFM, serves as the Fund's
sub-adviser.
The Fund's daily New York Stock Exchange closing price, net
asset value per share, as well as other information, is available
at http://www.allianzinvestors.com/closedendfunds or by calling the
Fund's shareholder servicing agent at (800) 254-5197.
The financial information contained herein is solely based upon
the data available at the time of publication of this press
release, and there is no assurance that any future results will be
the same or similar to what is reported herein. Information that
was obtained from third party sources we believe to be reliable is
not guaranteed as to its accuracy or completeness. This press
release contains no recommendations to buy or sell any specific
securities and should not be considered investment advice of any
kind. Past performance is no guarantee of future results and the
investment returns generated by the Fund will fluctuate. There can
be no assurance the Fund will meet its stated objective. The Fund's
ability to pay dividends to common shareholders is subject to the
restrictions in its registration statement, by-laws and other
governing documents, as well as the Investment Company Act of 1940.
In making any investment decision, individuals should utilize other
information sources and the advice of their own professional
adviser.
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