Whitebox Advisors LLC Invests $2.66 Million in PIMCO New York Municipal Income Fund II $PNI

Whitebox Advisors LLC acquired a new stake in PIMCO New York Municipal Income Fund II (NYSE:PNI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 387,958 shares of the company’s stock, valued at approximately $2,658,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new position in PIMCO New York Municipal Income Fund II during the 1st quarter valued at about $1,061,000. Karpus Management Inc. increased its stake in PIMCO New York Municipal Income Fund II by 23.8% during the fourth quarter. Karpus Management Inc. now owns 654,456 shares of the company’s stock worth $4,509,000 after purchasing an additional 125,959 shares during the period. Lido Advisors LLC purchased a new stake in PIMCO New York Municipal Income Fund II during the first quarter worth about $672,000. Beckerman Institutional LLC acquired a new stake in shares of PIMCO New York Municipal Income Fund II during the first quarter worth about $519,000. Finally, Cetera Investment Advisers acquired a new stake in shares of PIMCO New York Municipal Income Fund II during the first quarter worth about $333,000.

PIMCO New York Municipal Income Fund II Price Performance

NYSE PNI opened at $6.85 on Monday. The firm has a 50 day simple moving average of $7.00 and a 200-day simple moving average of $7.00. PIMCO New York Municipal Income Fund II has a one year low of $6.43 and a one year high of $7.20.

PIMCO New York Municipal Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Monday, July 13th will be issued a dividend of $0.0295 per share. The ex-dividend date is Monday, July 13th. This represents a c) dividend on an annualized basis and a yield of 5.2%.

About PIMCO New York Municipal Income Fund II

PIMCO New York Municipal Income Fund II (NYSE: PNI) is a closed-end management investment company that seeks to provide a high level of current income exempt from both federal and New York State income taxes. The fund is managed by Pacific Investment Management Company LLC (PIMCO), a global fixed income investment firm. PNI invests primarily in investment-grade municipal obligations issued by or on behalf of the state of New York, its municipalities and related public authorities.

The fund’s portfolio is constructed with a focus on New York state general obligation and revenue bonds, including transportation, education, healthcare and utility-backed securities.