PIMCO Corporate & Income Strategy Fund Reports Earnings Results for the Second Quarter and Six Months Ended April 30, 2012
June 29, 2012 at 04:00 pm
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PIMCO Corporate & Income Strategy Fund announced earnings results for the second quarter and six months ended April 30, 2012. For the quarter, net investment income was $15,339,149 or $0.40 per common share against net investment income of $16,275,908 or $0.44 per common share for the corresponding period of last year. Net realized and change in unrealized gain was $25,537,125 or $0.68 per common share versus net realized and change in unrealized gain of $12,416,044 or $0.33 per common share of prior year period. Net asset value per common share as at April 30, 2012 was $14.25 against $15.68 as at April 30, 2011.
For the six months, net investment income was $29,978,495 or $0.79 per common share against net investment income of $33,172,593 or $0.89 per common share for the corresponding period of last year. Net realized and change in unrealized gain was $34,134,266 or $0.92 per common share versus net realized and change in unrealized gain of $12,380,580 or $0.33 per common share of prior year period.
PIMCO Corporate & Income Strategy Fund (the Fund) is a closed-end management investment company. The Fundâs primary investment objective is to seek high current income, with secondary objectives of capital preservation and appreciation. The Fund seeks to achieve its investment objectives by utilizing a dynamic asset allocation strategy among multiple fixed-income sectors in the global credit markets, including corporate debt (including, among other things, fixed-, variable- and floating-rate bonds, bank loans, convertible securities and stressed debt securities issued by the United States or foreign corporations or other business entities including emerging market issuers), mortgage-related and other asset-backed securities, government and sovereign debt, taxable municipal bonds and other fixed-, variable- and floating-rate income-producing securities of the United States and foreign issuers. Pacific Investment Management Company LLC is the Fund's investment manager.
PIMCO CORPORATE & INCOME STRATEGY FUND 
