NEW YORK, April 1, 2005 (PRIMEZONE) -- The Boards of Trustees of PIMCO Municipal Income Fund II (NYSE:PML), PIMCO California Municipal Income Fund II (NYSE:PCK) and PIMCO New York Municipal Income Fund II (NYSE:PNI), (collectively, the "Funds") announced today that they have declared the following dividends on the Funds' common shares:
PIMCO Municipal Income Fund II $0.084375 per common share PIMCO California Municipal Income Fund II $0.08125 per common share PIMCO New York Municipal Income Fund II $0.08125 per common share
The dividends will be payable on May 2, 2005 to shareholders of record on April 15, 2005, with an ex-dividend date of April 13, 2005.
At March 31, 2005, the Funds' net assets(a) were approximately:
PIMCO Municipal Income Fund II $1.4 bil. PIMCO California Municipal Income Fund II $694.8 mil. PIMCO New York Municipal Income Fund II $241.6 mil.
(a) Net assets are inclusive of Preferred Shares of $505 million, $260 million and $90 million for the Municipal Income II, California Municipal Income II and New York Municipal Income II funds, 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 II also seeks to provide current income exempt from California state income taxes. New York Municipal Income Fund II also seeks to provide income exempt from New York state and city income taxes.
Allianz Global Investors Fund Management LLC (formerly PA 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 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 as of February 28, 2005 are available at www.allianzinvestors.com or by calling the Funds' transfer agent at 1-800-331-1710.