PIMCO High Income Fund (NYSE:PHK) has released the financial results for the first quarter and six months for the period ended September 30, 2009. The company reported its net assets of $1,167,236,996 as of September 30. It’s common shares outstanding is 119,231,264, and its net asset value is $7.34.
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PIMCO’s investment income was reported at $32,221,841, or $0.27 per common share. The company’s net realized and change in unrealized gain is $200,020,096 and its per common share was recorded at $1.69. It’s net investment income, and net realized and change in unrealized gain for the six months ended September 30 was $61,130,957, or $481,614,037 respectively.
PIMCO High Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek high current income. Capital appreciation is a secondary objective. The Fund attempts to achieve these objectives by investing in a diversified portfolio of the United States dollar denominated debt obligations and other income-producing securities that are primarily rated below investment grade. The Fund makes investments in financial services, oil and gas, telecommunications, tobacco and utilities. Allianz Global Investors Fund Management LLC (the Investment Manager) serves as the Fund’s Investment Manager and is an indirect, wholly owned subsidiary of Allianz Global Investors of America L.P. (Allianz Global).
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