PIMCO New York Municipal Income Fund II Board Declares $0.0295 Payout

The board of PIMCO New York Municipal Income Fund II (NYSE: PNI) declared a monthly distribution of $0.0295 per share Monday, with payment scheduled for Dec. 1. Shareholders of record Nov. 13 are eligible for the payment; that date is also the ex-dividend date.

The $0.0295 payment is unchanged from the prior month’s distribution. Annualized distribution rates were 5.12% of net asset value and 5.78% of market price as of Sept. 30. These rates are not performance measures and may include return of capital.

The board of PIMCO California Municipal Income Fund also declared a $0.036 monthly distribution, payable Dec. 1 to shareholders of record Nov. 13. The California fund’s distribution shares the same record and ex-dividend dates.