NEW YORK, April 18, 2005 (PRIMEZONE) -- 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 and nine months ended February 28, 2005.
At February 28,
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2005 2004
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Net Assets (a) $1,367,299,695 $1,368,814,256
Shares Outstanding 58,134,255 57,955,161
Net Assets Value ("NAV") $14.83 $14.90
Market Price $14.86 $14.75
(Premium) Discount to NAV 0.20% (1.01)%
(a) Net assets are inclusive of
Preferred Shares issuance
of $505 million.
Quarter ended Quarter ended
February 28, February 29,
2005 2004
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Net Investment Income $16,031,163 $16,424,416
Per Share $0.27 $0.28
Net Realized and Unrealized
Gain $25,067,223 $14,888,976
Per Share $0.43 $0.26
Nine months Nine months
ended ended
February 28, 2005 February 29, 2004
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Net Investment Income $49,025,341 $50,507,219
Per Share $0.84 $0.87
Net Realized and Unrealized
Gain $48,118,621 $8,874,042
Per Share $0.83 $0.15
Top 5 State Positions at
February 28, 2005
(as a percentage of investments)
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Illinois 19.8%
Texas 11.8
Massachusetts 6.6
South Carolina 5.8
Colorado 5.3
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 Fund's daily New York Stock Exchange closing price, net asset value per share as well as other information, is available at www.allianzinvestors.com or by calling the Fund's transfer agent at 1-800-331-1710.