PIMCO Municipal Income Fund III reported earnings results for the quarter ended December 31, 2011. For the quarter, the company reported net investment income of $6,778,685 or $0.21 per share compared to net investment income of $6,877,992 or $0.21 per share a year ago. Net realized and change in unrealized gain of $7,776,925 or $0.24 per share compared to net realized and change in unrealized loss of $42,325,036 or $1.31 per share a year ago. Net asset value per share was $9.93 compared to $8.97 a year ago.