PMX, PZC and PYN Declare Monthly Common Share Income Dividends
January 04 2010 - 4:17PM
Business Wire
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 $0.06 per common share PIMCO New York Municipal
Income Fund III $0.0525 per common share
The dividends will be payable on February 1, 2010 to
shareholders of record on January 14, 2010, with an ex-dividend
date of January 12, 2010.
At December 31, 2009, the Funds’ net assets (a) were
approximately:
(in millions) PIMCO Municipal Income
Fund III $497.7 PIMCO California Municipal Income Fund III $317.9
PIMCO New York Municipal Income Fund III $81.1 (a)
Net assets are inclusive of Preferred Shares of $189 million, $125
million and $32 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.
There can be no assurance that the Funds will meet their stated
objectives.
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. 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 (800) 254-5197.
Statements made in this release that look forward in time
involve risks and uncertainties and are forward looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such risks and uncertainties include, without limitation,
the adverse effect from a decline in the securities markets or a
decline in the Funds’ performance, a general downturn in the
economy, competition from other companies, changes in government
policy or regulation, inability to attract or retain key employees,
inability to implement its operating strategy and/or acquisition
strategy, and unforeseen costs and other effects related to legal
proceedings or investigations of governmental and self-regulatory
organizations. The Funds’ ability to pay dividends to common
shareholders is subject to the restrictions in their registration
statements, by-laws and other governing documents, as well as the
Investment Company Act of 1940.
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