PIMCO New York Municipal Income Fund (NYSE: PNF) is a closed-end management investment company that seeks to provide current income exempt from federal and New York State and City income taxes. The fund primarily invests in a diversified portfolio of investment-grade municipal obligations issued by or on behalf of the State of New York and its political subdivisions, authorities and agencies.
Since commencing operations in 2018, PNF has pursued its objective through a combination of high-quality New York municipal bonds and, when attractive, selective investment in out-of-state municipal securities. The fund may employ leverage to enhance income potential, using borrowings and preferred securities in its capital structure. Its portfolio typically includes general obligation bonds, revenue bonds and bond anticipation notes across a range of sectors, from transportation to education.
The fund is managed by Pacific Investment Management Company LLC (PIMCO), a global fixed-income investment manager headquartered in Newport Beach, California. PIMCO’s municipal strategies team, led by experienced analysts and portfolio managers, oversees security selection, credit research and risk management for PNF. The advisor’s in-depth credit analysis and active duration management are central to the fund’s approach.
Listed on the New York Stock Exchange, PNF offers investors access to a specialized municipal bond strategy with the liquidity and transparency of an exchange-traded vehicle. The fund is domiciled in Delaware and serves individual and institutional investors seeking tax-advantaged income with a focus on New York’s municipal market.
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