PIMCO New York Municipal Income Fund II Declares Monthly Dividend of 6.625 Cents Per Common Share

Related Quotes

Symbol	Price	Change
PNI	11.07	-0.07

{"s" : "pni","k" : "c10,l10,p20,t10","o" : "","j" : ""}

NEW YORK, Jan. 13, 2009 (GLOBE NEWSWIRE) -- The Board of Trustees of PIMCO New York Municipal Income Fund II (NYSE:PNI - News) (the ``Fund''), a closed-end management investment company which seeks to provide current income exempt from federal, New York State and New York City income taxes, announced today that they have declared a dividend of $0.06625 per common share.

The dividend will be payable on February 2, 2009 to shareholders of record on January 23, 2009, with an ex-dividend date of January 21, 2009.

At January 12, 2009, the Fund's net assets were $181.0 million (inclusive of market value of Preferred Stock of $90 million).

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 - News). 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, including updated portfolio statistics and performance is available at http://www.allianzinvestors.com or by calling the Fund's shareholder servicing agent at (800) 331-1710.

Statements made in this release that look forward in time involve risks and uncertainties and are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Fund's performance, a general downturn in the economy, competition from other companies, changes in government policy or regulation, inability to attract or retain key employees, inability to implement its operating strategy and/or acquisition strategy, and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations. There can be no assurance the Fund will meet its objective. The Fund's ability to pay dividends to common shareholders is subject to the restrictions in its registration statement, by-laws and other governing documents.

          PIMCO Closed-end Funds
          Financial Advisors:
            (800) 628-1237
          Shareholders:
            (800) 285-4086
          Media Relations:
            (212) 739-3501