NEW YORK, March 18, 2005 (PRIMEZONE) -- PIMCO Municipal Income Fund (the "Fund") (NYSE:PMF), 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 and nine months ended January 31, 2005.
At January 31,
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2005 2004
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Net Assets(a) $558,067,719 $551,397,790
Shares Outstanding 24,278,599 24,192,977
Net Assets Value ("NAV") $14.75 $14.52
Market Price $14.90 $14.54
Premium to NAV 1.02% 0.14%
(a) Net assets are inclusive of Preferred Shares issuance
of $200 million.
Quarter ended January 31,
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2005 2004
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Net Investment Income $6,835,526 $6,989,561
Per Share $0.28 $0.30
Net Realized and Unrealized Gain $9,904,591 $15,739,534
Per Share $0.40 $0.65
Nine months ended January 31,
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2005 2004
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Net Investment Income $20,861,677 $21,072,735
Per Share $0.86 $0.87
Net Realized and Unrealized Gain $14,358,102 $9,972,087
Per Share $0.59 $0.41
Top 5 State Positions at January 31, 2005
(as a percentage of investments)
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Illinois 14.8%
Texas 14.3
Louisiana 6.9
Michigan 4.9
South Carolina 4.4
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.