PIMCO Municipal Advantage Fund Inc. Reports Results for the Fiscal Quarter and Six Months Ended April 30, 2009
June 29 2009 - 4:00PM
Business Wire
PIMCO Municipal Advantage Fund Inc. (the "Fund") (NYSE: MAF), a
closed-end management investment company which seeks a high level
of current income exempt from regular federal income taxes,
consistent with the preservation of capital, today announced its
results for the fiscal quarter and six months ended April 30,
2009.
�
At April 30, � 2009 � 2008 Net Assets $69,071,377
$147,586,016 (a) Common Shares Outstanding 7,258,006 7,258,006 Net
Asset Value ("NAV") $9.52 $12.76 Market Price $9.46 $12.50 Discount
to NAV (0.63)% (2.04)% � �
Quarter ended April 30,
2009 2008 Net Investment Income $1,098,167 $1,619,704 Per Common
Share $0.15 $0.22 Net Realized and Change in Unrealized Gain (Loss)
$629,077 (5,435,092) Per Common Share $0.09 $(0.75) � � �
Six
Months ended April 30, 2009 2008 Net Investment Income
$2,682,157 $3,268,999 Per Common Share $0.37 $0.45 Net Realized and
Change in Unrealized Loss $(2,450,058) $(8,801,628) Per Common
Share $(0.33) $(1.21) (a) � Net assets are inclusive of market
value of Preferred stock of $55 million. On April 24, 2009, the
Fund redeemed all of its outstanding Preferred stock. � Top 5 State
Positions at April 30, 2009
(as a percentage of total
investments) Illinois 15.7 % Massachusetts 13.1 Arizona 12.4
Texas 10.5 Georgia 7.7
Allianz Global Investors Fund Management LLC, an indirect
wholly-owned subsidiary of Allianz Global Investors of America
L.P., serves as the Fund's investment manager and is a member of
Munich-based Allianz Group (NYSE: AZ). Pacific Investment
Management Company LLC, an Allianz Global Investors Fund Management
affiliate, serves as the Fund's sub-adviser.
The Fund's daily New York Stock Exchange closing price, net
asset value per share, as well as other information, is available
at http://www.allianzinvestors.com/closedendfunds or by calling the
Fund's shareholder servicing agent at (800) 254-5197.
The financial information contained herein is solely based upon
the data available at the time of publication of this press
release, and there is no assurance that any future results will be
the same or similar to the results reported herein. Information
that was obtained from third party sources we believe to be
reliable is not guaranteed as to its accuracy or completeness. This
press release contains no recommendations to buy or sell any
specific securities and should not be considered investment advice
of any kind. Past performance is no guarantee of future results and
the investment returns generated by the Fund will fluctuate. There
can be no assurance that the Fund will meet its stated objective.
In making any investment decision, individuals should utilize other
information sources and the advice of their own professional
adviser.
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