def14a
SCHEDULE 14A
(Rule 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
Filed by the Registrant þ
Filed by a Party other than the Registrant o
Check the appropriate box:
o Preliminary Proxy Statement
o Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
þ Definitive Joint Proxy Statement
o Definitive Additional Materials
o Soliciting Material Under Rule 14a-12
PIMCO MUNICIPAL INCOME FUND
PIMCO CALIFORNIA MUNICIPAL INCOME FUND
PIMCO NEW YORK MUNICIPAL INCOME FUND
PIMCO MUNICIPAL INCOME FUND II
PIMCO CALIFORNIA MUNICIPAL INCOME FUND II
PIMCO NEW YORK MUNICIPAL INCOME FUND II
PIMCO MUNICIPAL INCOME FUND III
PIMCO CALIFORNIA MUNICIPAL INCOME FUND III
PIMCO NEW YORK MUNICIPAL INCOME FUND III
(Name of Registrant as Specified in its Charter)
(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
Payment of Filing Fee (Check the appropriate box):
þ No fee required.
o Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
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Title of each class of securities to which transaction applies:
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2)
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Aggregate number of securities to which transaction applies:
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3)
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Per unit price or other underlying value of transaction computed
pursuant to Exchange Act
Rule 0-11
(set forth the amount on which the filing fee is calculated and
state how it was determined):
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4)
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Proposed maximum aggregate value of transaction:
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Fee paid previously with preliminary materials: |
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2)
and identify the filing for which the offsetting fee was paid previously.
Identify the previous filing by registration statement number, or the form or schedule and the
date of its filing. |
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1)
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Amount previously paid:
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2)
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Form, Schedule or Registration Statement No.:
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NOTICE OF
JOINT ANNUAL MEETING OF SHAREHOLDERS
TO BE HELD ON DECEMBER 14, 2010
C/O ALLIANZ
GLOBAL INVESTORS FUND MANAGEMENT LLC
1345
Avenue of the Americas
New York, New York 10105
To the Shareholders of PIMCO Municipal Income Fund
(PMF), PIMCO California Municipal Income Fund
(PCQ), PIMCO New York Municipal Income Fund
(PNF), PIMCO Municipal Income Fund II
(PML), PIMCO California Municipal Income
Fund II (PCK), PIMCO New York Municipal Income
Fund II (PNI), PIMCO Municipal Income
Fund III (PMX), PIMCO California Municipal
Income Fund III (PZC), and PIMCO New York
Municipal Income Fund III (PYN) (each a
Fund and, collectively, the Funds):
Notice is hereby given that a Joint Annual Meeting of
Shareholders (the Meeting) of the Funds will be held
at the offices of Allianz Global Investors Fund Management
LLC (AGIFM or the Manager), at 1345
Avenue of the Americas, between West
54th and
West 55th
Streets,
49th Floor,
New York, New York 10105, on Tuesday, December 14, 2010 at
9:30 A.M., Eastern Time, for the following purposes, which
are more fully described in the accompanying Proxy Statement:
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1.
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To elect Trustees of each Fund, each to hold office for the term
indicated and until his or her successor shall have been elected
and qualified; and
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2.
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To transact such other business as may properly come before the
Meeting or any adjournment(s) or postponement(s) thereof.
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The Board of Trustees of each Fund has fixed the close of
business on November 1, 2010 as the record date for the
determination of shareholders entitled to notice of, and to vote
at, the Meeting or any adjournment or postponement thereof. The
enclosed proxy is being solicited on behalf of the Board of
Trustees of each Fund.
By order of the Board of Trustees of each Fund
Thomas J. Fuccillo
Secretary
New York, New York
November 19, 2010
It is important that your shares be represented at the
Meeting in person or by proxy, no matter how many shares you
own. If you do not expect to attend the Meeting, please
complete, date, sign and return the applicable enclosed proxy or
proxies in the accompanying envelope, which requires no postage
if mailed in the United States. Please mark and mail your proxy
or proxies promptly in order to save the Funds any additional
costs of further proxy solicitations and in order for the
Meeting to be held as scheduled.
PIMCO
MUNICIPAL INCOME FUND (PMF)
PIMCO CALIFORNIA MUNICIPAL INCOME FUND (PCQ)
PIMCO NEW YORK MUNICIPAL INCOME FUND (PNF)
PIMCO MUNICIPAL INCOME FUND II (PML)
PIMCO CALIFORNIA MUNICIPAL INCOME FUND II
(PCK)
PIMCO NEW YORK MUNICIPAL INCOME FUND II
(PNI)
PIMCO MUNICIPAL INCOME FUND III (PMX)
PIMCO CALIFORNIA MUNICIPAL INCOME FUND III
(PZC)
PIMCO NEW YORK MUNICIPAL INCOME FUND III
(PYN)
C/O ALLIANZ
GLOBAL INVESTORS FUND MANAGEMENT LLC
1345 Avenue
of the Americas
New York, New York 10105
IMPORTANT
NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE
JOINT ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON DECEMBER 14,
2010
The 2010 Proxy Statement and the Annual Reports to Shareholders
for the fiscal years ended April 30, 2010 for PMF, PCQ and
PNF, May 31, 2010 for PML, PCK and PNI, and
September 30, 2010 for PMX, PZC and PYN are also available
at www.allianzinvestors.com/closedendfunds.
PROXY
STATEMENT
NOVEMBER 19, 2010
FOR THE
JOINT ANNUAL MEETING OF SHAREHOLDERS
TO BE HELD ON DECEMBER 14, 2010
INTRODUCTION
This Proxy Statement is furnished in connection with the
solicitation by the Board of Trustees (the Board) of
the shareholders of PIMCO Municipal Income Fund
(PMF), PIMCO California Municipal Income Fund
(PCQ), PIMCO New York Municipal Income Fund
(PNF), PIMCO Municipal Income Fund II
(PML), PIMCO California Municipal Income
Fund II (PCK), PIMCO New York Municipal Income
Fund II (PNI), PIMCO Municipal Income
Fund III (PMX), PIMCO California Municipal
Income Fund III (PZC), and PIMCO New York
Municipal Income Fund III (PYN) (each a
Fund and, collectively, the Funds) of
proxies to be voted at the Joint Annual Meeting of Shareholders
of the Funds and any adjournment(s) or postponement(s) thereof
(the Meeting). The Meeting will be held at the
offices of Allianz Global Investors Fund Management LLC
(AGIFM or the Manager), at 1345 Avenue
of the Americas, between West 54th and West 55th Streets,
49th Floor, New York, New York 10105, on Tuesday,
December 14, 2010 at 9:30 A.M., Eastern Time.
The Notice of Joint Annual Meeting of Shareholders (the
Notice), this Proxy Statement and the enclosed proxy
cards are first being sent to Shareholders on or about
November 19, 2010.
The Meeting is scheduled as a joint meeting of the holders of
common shares of each Fund (the Common Shareholders)
and preferred shares of each Fund (the Preferred
Shareholders and, together with the Common Shareholders,
the Shareholders). The Shareholders of each Fund are
expected to consider and vote on similar matters. Shareholders
of each Fund will vote on the applicable proposal set forth
herein (the Proposal) and on any other matters that
may arise for that Fund. An unfavorable vote on a Proposal by
the
- 1 -
Shareholders of one Fund will not affect the implementation of
the Proposal by another Fund if the Proposal is approved by the
Shareholders of such other Fund.
The Board of each Fund has fixed the close of business on
November 1, 2010 as the record date (the Record
Date) for the determination of Shareholders of each Fund
entitled to notice of, and to vote at, the Meeting, and any
adjournment(s) or postponement(s) thereof. Shareholders of each
Fund on the Record Date will be entitled to one vote per share
on each matter to which they are entitled to vote and that is to
be voted on by Shareholders of the Fund, and a fractional vote
with respect to fractional shares, with no cumulative voting
rights in the election of Trustees. The following table sets
forth the number of shares of common stock (Common
Shares) and shares of preferred stock (Preferred
Shares and, together with the Common Shares, the
Shares) issued and outstanding of each Fund at the
close of business on the Record Date:
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Outstanding
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Outstanding
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Common Shares
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Preferred Shares
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PMF
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25,103,665
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7,600
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PCQ
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18,338,893
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6,000
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PNF
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7,616,624
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1,880
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PML
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60,120,059
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14,680
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PCK
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31,247,086
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6,520
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PNI
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10,779,362
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3,160
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PMX
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32,154,243
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7,560
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PZC
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21,786,460
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5,000
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PYN
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5,584,672
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1,280
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The classes of Shares listed for each Fund in the table above
are the only classes of Shares currently authorized by that Fund.
At the Meeting, the election of certain Trustees (the
Preferred Shares Trustees) will be voted on
exclusively by the Preferred Shareholders of each Fund. On each
other proposal to be brought before the meeting (including the
election of the other nominees), such Preferred Shareholders
will have equal voting rights (i.e., one vote per Share)
with such Funds Common Shareholders and, will vote
together with Common Shareholders as a single class. As
summarized in the table below:
PMF/PCQ/PNF/PML/PCK/PNI:
The Common and Preferred Shareholders of PMF, PCQ, PNF, PML, PCK
and PNI, voting together as a single class, have the right to
vote on the re-election of Paul Belica and election of Alan
Rappaport as Trustees of the Funds; the Preferred Shareholders
of the Funds, voting as a separate class, have the right to vote
on the election of James A. Jacobson as a Preferred
Shares Trustee of the Funds.
PMX/PZC/PYN:
The Preferred Shareholders of PMX, PZC and PYN, voting as a
separate class, have the right to vote on the election of James
A. Jacobson and Alan Rappaport as Preferred Shares Trustees
of the Funds.
- 2 -
Summary
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Common
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Preferred
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Proposal
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Shareholders
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Shareholders
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Election of Trustees
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PMF/PCQ/PNF/PML/PCK/PNI
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Independent Trustees/Nominees*
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Re-election of Paul Belica
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ü
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ü
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Election of James A. Jacobson
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N/A
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ü
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Election of Alan Rappaport
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ü
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ü
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PMX/PZC/PYN
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Independent Trustees/Nominees*
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Election of James A. Jacobson
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N/A
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ü
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Election of Alan Rappaport
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N/A
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ü
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* |
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Independent Trustees or Independent
Nominees are those Trustees or nominees who are not
interested persons, as defined in the Investment
Company Act of 1940, as amended (the 1940 Act), of
each Fund. |
You may vote by mail by returning a properly executed proxy
card, by Internet, by going to the website listed on the proxy
card, by telephone using the toll-free number listed on the
proxy card or in person by attending the Meeting. Shares
represented by duly executed and timely delivered proxies will
be voted as instructed on the proxy. If you execute and mail the
enclosed proxy and no choice is indicated for the election of
Trustees listed in the attached Notice, your proxy will be voted
in favor of the election of all nominees. At any time before it
has been voted, your proxy may be revoked in one of the
following ways: (i) by delivering a signed, written letter
of revocation to the Secretary of the appropriate Fund at 1345
Avenue of the Americas, New York, NY 10105, (ii) by
properly executing and submitting a later-dated proxy vote, or
(iii) by attending the Meeting and voting in person. Please
call
1-800-254-5197
to obtain information on how to obtain directions to be able to
attend the meeting and vote in person. If any proposal, other
than the Proposal set forth herein, properly comes before the
Meeting, including any adjournment thereof, the persons named as
proxies will vote in their sole discretion.
The principal executive offices of the Funds are located at 1345
Avenue of the Americas, New York, New York 10105. AGIFM serves
as the investment manager of each Fund and retains its
affiliate, Pacific Investment Management Company LLC
(PIMCO or the
Sub-Adviser),
to serve as the
sub-adviser
to the Funds. Additional information regarding the Manager and
the
Sub-Adviser
may be found under Additional Information
Investment Manager and
Sub-Adviser
below.
The solicitation will be primarily by mail and the cost of
soliciting proxies for a Fund will be borne individually by each
Fund. Certain officers of the Funds and certain officers and
employees of the Manager or its affiliates (none of whom will
receive additional compensation therefore) may solicit proxies
by telephone, mail,
e-mail and
personal interviews. Any out-of pocket expenses incurred in
connection with the solicitation will be borne by each Fund
based on its relative net assets.
- 3 -
As of the Record Date, the Trustees and nominees and the
officers of each Fund as a group and individually beneficially
owned less than one percent (1%) of each Funds outstanding
Shares1
and, to the knowledge of the Funds, the following entities
beneficially owned more than five percent (5%) of a class of a
Fund:
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Beneficial Owner
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Fund
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Percentage of Ownership of Class
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UBS AG
Bahnhofstrasse 45, PO Box CH-8021
Zurich, Switzerland
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PMF
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72.54% of Preferred Shares
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UBS AG
Bahnhofstrasse 45, PO Box CH-8021
Zurich, Switzerland
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PCQ
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69.88% of Preferred Shares
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First Trust Portfolios L.P.
120 East Liberty Drive, Suite 400
Wheaton, Illinois 60187
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PCQ
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10.1% of Common Shares
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Bank of America Corporation
100 North Tryon Street,
Charlotte, North Carolina 28255
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PNF
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13% of Preferred Shares
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UBS AG
Bahnhofstrasse 45, PO Box CH-8021
Zurich, Switzerland
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PNF
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67.07% of Preferred Shares
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UBS AG
Bahnhofstrasse 45, PO Box CH-8021
Zurich, Switzerland
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PML
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63.19% of Preferred Shares
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Bank of America Corporation
100 North Tryon Street,
Charlotte, North Carolina 28255
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PCK
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7.2% of Preferred Shares
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UBS AG
Bahnhofstrasse 45, PO Box CH-8021
Zurich, Switzerland
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PCK
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55.71% of Preferred Shares
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Bank of America Corporation
100 North Tryon Street,
Charlotte, North Carolina 28255
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PNI
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7.4% of Preferred Shares
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UBS AG
Bahnhofstrasse 45, PO Box CH-8021
Zurich, Switzerland
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PNI
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61.84% of Preferred Shares
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UBS AG
Bahnhofstrasse 45, PO Box CH-8021
Zurich, Switzerland
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PMX
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67.01% of Preferred Shares
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UBS AG
Bahnhofstrasse 45, PO Box CH-8021
Zurich, Switzerland
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PZC
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66.14% of Preferred Shares
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First Trust Portfolios L.P.
120 East Liberty Drive, Suite 400
Wheaton, Illinois 60187
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PZC
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10.2% of Common Shares
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Bank of America Corporation
100 North Tryon Street,
Charlotte, North Carolina 28255
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PYN
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8.3% of Preferred Shares
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UBS AG
Bahnhofstrasse 45, PO Box CH-8021
Zurich, Switzerland
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PYN
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78.52% of Preferred Shares
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First Trust Portfolios L.P.
120 East Liberty Drive, Suite 400
Wheaton, Illinois 60187
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PYN
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5% of Common Shares
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1 |
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Except for Alan Rappaport, a Trustee of the Funds, who owns
1,500 Common Shares of PML, none of the other Trustees or
Officers of any Fund owned any of such Funds outstanding
Shares. |
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PROPOSAL:
ELECTION OF TRUSTEES
In accordance with each Funds Amended and Restated
Agreement and Declaration of Trust (each a
Declaration), the Trustees have been divided into
the following three classes (each a Class): Class I,
Class II and Class III. In December 2009,
Mr. Jacobson was appointed by the Boards of each Fund to
serve as a Preferred Shares Trustee to fill a Class II
vacancy resulting from the resignation of Diana L. Taylor. In
April 2010, the Boards of each Fund appointed Alan Rappaport to
serve as a Trustee of PMF, PCQ, PNF, PML, PCK and PNI and
Preferred Shares Trustee of PMX, PZC and PYN to fill a
Class I vacancy that resulted from the death of Robert E.
Connor, effective June 22, 2010. Accordingly, the
Nominating Committee has recommended Mr. Jacobson for
election by the Preferred Shareholders of the Funds and
Mr. Rappaport for election by the Preferred Shareholders of
PMX, PZC and PYN, voting as a separate class, as Preferred
Shares Trustees of those Funds, and has recommended
Mr. Rappaport for election as a Trustee by the Common
Shareholders and Preferred Shareholders, voting as a single
class, of PMF, PCQ, PNF, PML, PCK and PNI. The Nominating
Committee has also recommended Paul Belica for re-election by
the Shareholders as Trustee to the applicable Funds.
With respect to all the Funds, the term of office of the
Class II Trustees will expire at the Meeting; the term of
office of the Class III Trustees will expire at the 2011
annual meeting of shareholders; and the term of office of the
Class I Trustees will expire at the 2012 annual meeting of
shareholders.
PMF/PCQ/PNF/PML/PCK/PNI. Currently, Paul
Belica is a Class II Trustee, James A. Jacobson is a
Class II Preferred Shares Trustees and Alan Rappaport
is a Class I Trustee. The Nominating Committee has
recommended to the Board that Mr. Belica be nominated for
re-election and Mr. Rappaport be nominated for election by
the Common Shareholders and Preferred Shareholders, voting as a
single class, as Class II and Class I Trustees at the
Meeting, respectively and Mr. Jacobson be nominated for
election by the Preferred Shareholders, voting as a separate
class, as a Class II Preferred Shares Trustee at the
Meeting. Consistent with each Funds Declaration, if
elected, the nominees shall hold office for terms coinciding
with the Classes of Trustees to which they have been designated.
Therefore, if elected at the Meeting, Messrs. Belica and
Jacobson will serve terms consistent with the Class II
Trustees, which will expire at the Funds 2013 annual
meeting. If elected at the Meeting, Mr. Rappaport will
serve a term consistent with the Class I Trustees, which
will expire at the Funds 2012 annual meeting.
PMX/PZC/PYN. Currently, James A. Jacobson is
Class II Preferred Shares Trustee and Alan Rappaport
is a Class I Preferred Shares Trustee. The Nominating
Committee has recommended to the Board that
Messrs. Jacobson and Rappaport be nominated for election by
the Preferred Shareholders, voting as a separate class, as
Class II and Class I Preferred Shares Trustees at
the Meeting, respectively. Consistent with each Funds
Declaration, if elected, the nominees shall hold office for
terms coinciding with the Classes of Trustees to which they have
been designated. Therefore, if elected at the Meeting,
Mr. Jacobson will serve a term consistent with the
Class II Trustees, which will expire at the Funds
2013 annual meeting. If elected at the Meeting,
Mr. Rappaport will serve a term consistent with the
Class I Trustees, which will expire at the Funds 2012
annual meeting.
All members of each Board of the Funds are and will remain, if
elected, Continuing Trustees, as such term is
defined in the Declarations of those Funds, having either served
as Trustee since the inception of the Funds or having been
nominated by at least a majority of the Continuing Trustees then
members of the Boards.
At any annual meeting of shareholders, any Trustee elected to
fill a vacancy that has arisen since the preceding annual
meeting of shareholders (whether or not such vacancy has been
filled by election of a new Trustee by the Board) shall hold
office for a term that coincides with the remaining term of the
Class of
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Trustees to which such office was previously assigned, if such
vacancy arose other than by an increase in the number of
Trustees, and until his or her successor shall be elected and
shall qualify. In the event such vacancy arose due to an
increase in the number of Trustees, any Trustee so elected to
fill such vacancy at an annual meeting shall hold office for a
term which coincides with that of the Class of Trustee to which
such office has been apportioned and until his or her successor
shall be elected and shall qualify.
The following table summarizes the nominees who will stand for
election at the Meeting, the respective Classes of Trustees to
which they have been designated and the expiration of their
respective terms if elected:
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Trustee/Nominee
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Class
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Expiration of Term if Elected*
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PMF/PCQ/PNF/PML/PCK/PNI
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Paul Belica
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Class II
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2013 Annual Meeting
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James A. Jacobson
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Class II
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2013 Annual Meeting
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Alan Rappaport
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Class I
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2012 Annual Meeting
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PMX/PZC/PYN
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James A. Jacobson
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Class II
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2013 Annual Meeting
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Alan Rappaport
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Class I
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2012 Annual Meeting
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* |
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A Trustee elected at an annual meeting shall hold office until
the annual meeting for the year in which his term expires and
until his successor shall be elected and shall qualify, subject,
however, to prior death, resignation, retirement,
disqualification or removal from office. |
Under this classified Board structure, generally only those
Trustees in a single Class may be replaced in any one year, and
it would require a minimum of two years to change a majority of
the Board under normal circumstances. This structure, which may
be regarded as an anti-takeover provision, may make
it more difficult for a Funds Shareholders to change the
majority of Trustees of the Fund and, thus, promotes the
continuity of management.
Unless authority is withheld, it is the intention of the persons
named in the enclosed proxy for a Fund to vote each proxy for
the persons listed above for that Fund. Each of the nominees has
indicated he or she will serve if elected, but if he or she
should be unable to serve for a Fund, the proxy holders may vote
in favor of such substitute nominee as the Board may designate
(or, alternatively, the Board may determine to leave a vacancy).
Trustees
and Officers
The business of each Fund is managed under the direction of the
Funds Board of Trustees. Subject to the provisions of each
Funds Declaration, its By-Laws and applicable state law,
the Trustees have all powers necessary and convenient to carry
out this responsibility, including the election and removal of
the Funds officers.
Board Leadership Structure If the nominees
are elected as proposed, the Board of Trustees of each Fund will
consist of six Trustees, five of whom are not interested
persons (within the meaning of Section 2(a)(19) of
the 1940 Act) of the Fund or of the Manager (the
Independent Trustees). An Independent Trustee serves
as Chairman and is selected by vote of the majority of the
Independent Trustees. The Chairman presides at meetings of the
Board and acts as a liaison with service providers, officers,
attorneys and other Trustees generally between meetings, and
performs such other functions as may be requested by the Board
from time to time.
- 6 -
The Board of Trustees meets regularly four times each year to
discuss and consider matters concerning the Funds, and also
holds special meetings to address matters arising between
regular meetings. The Independent Trustees regularly meet
outside the presence of management and are advised by
independent legal counsel. Regular meetings generally take place
in-person; other meetings may take place in-person or by
telephone.
The Board of Trustees has established four standing Committees
to facilitate oversight of the management of the Funds: the
Audit Oversight Committee, the Nominating Committee, the
Valuation Committee and the Compensation Committee. The
functions and role of each Committee are described below under
Board Committees and Meetings. The
membership of each Committee consists of all of the Independent
Trustees, which the Board believes allows them to participate in
the full range of the Boards oversight duties.
The Board reviews its leadership structure periodically and has
determined that this leadership structure, including an
Independent Chairman, a supermajority of Independent Trustees
and Committee membership limited to Independent Trustees, is
appropriate in light of the characteristics and circumstances of
each Fund. In reaching this conclusion, the Board considered,
among other things, the predominant role of the Manager and
Sub-Adviser
in the
day-to-day
management of Fund affairs, the extent to which the work of the
Board is conducted through the Committees, the number of
portfolios that comprise the Fund Complex (defined below),
the variety of asset classes those portfolios include, the net
assets of each Fund, and the Fund Complex and the
management and other service arrangements of each Fund and the
Fund Complex. The Board also believes that its structure,
including the presence of one Trustee who is an executive with
various Manager-affiliated entities, facilitates an efficient
flow of information concerning the management of each Fund to
the Independent Trustees.
Risk Oversight Each of the Funds has retained
the Manager and the
Sub-Adviser
to provide investment advisory services, and, in the case of the
Manager, to oversee the Funds business affairs and
administrative matters, and these service providers are
principally responsible for the management of risks that may
arise from Fund investments and operations. Some employees of
the Manager serve as the Funds officers, including the
Funds principal executive officer and principal financial
and accounting officer. The Board oversees the performance of
these functions by the Manager and
Sub-Adviser,
both directly and through the Committee structure it has
established. The Board receives from the Manager and
Sub-Adviser
a wide range of reports, both on a regular and as-needed basis,
relating to the Funds activities and to the actual and
potential risks of the Funds. These include reports on
investment risks, compliance with applicable laws, and the
Funds financial accounting and reporting. In addition, the
Board meets periodically with the individual portfolio managers
of the Funds to receive reports regarding the portfolio
management of the Funds and their performance, including their
investment risks.
In addition, the Board has appointed a Chief Compliance Officer
(CCO). The CCO oversees the development of
compliance policies and procedures that are reasonably designed
to minimize the risk of violations of the federal securities
laws (Compliance Policies). The CCO reports directly
to the Independent Trustees, and provides presentations to the
Board at its quarterly meetings and an annual report on the
application of the Compliance Policies. The Board periodically
discusses relevant risks affecting the Funds with the CCO at
these meetings. The Board has approved the Compliance Policies
and reviews the CCOs reports. Further, the Board annually
reviews the sufficiency of the Compliance Policies, as well as
the appointment and compensation of the CCO.
- 7 -
Information Regarding Trustees and Nominees.
The following table provides information concerning the
Trustees/Nominees of the Funds.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of
|
|
Other
|
|
|
|
|
|
|
|
|
Portfolios
|
|
Directorships
|
|
|
|
|
|
|
|
|
in Fund
|
|
Held by
|
|
|
|
|
Term of
|
|
Principal
|
|
Complex
|
|
Trustee
|
|
|
|
|
Office and
|
|
Occupation(s)
|
|
Overseen by
|
|
Nominee
|
Name, Address*,
|
|
Position(s) Held
|
|
Length of
|
|
During the Past
|
|
Trustee
|
|
During the Past
|
Date of Birth and Class
|
|
with the Funds
|
|
Time Served
|
|
5 Years
|
|
Nominee
|
|
5 Years
|
|
Independent Trustees /Nominees
|
|
|
|
|
|
|
|
|
|
|
Paul Belica 09/27/1921
PMF/PCQ/PNF/PM L/PCK/PNI Class II
PMX/PZC/PYN Class III
|
|
Nominee, Trustee
Trustee
|
|
PMF/PCQ/PNF Since inception (June 2001)
PML/PCK/PNI Since inception (June 2002)
PMX/PZC/PYN Since inception (September 2002)
|
|
Retired. Formerly, Director, Student Loan Finance Corp.,
Education Loans, Inc., Goal Funding, Inc., Goal Funding II, Inc.
and Surety Loan Fund, Inc.; and Manager of Stratigos Fund LLC,
Whistler Fund LLC, Xanthus Fund LLC & Wynstone Fund LLC.
Trustee of the funds in the Allianz/PIMCO Fund Complex since
2000.
|
|
52
|
|
None.
|
|
|
|
|
|
|
|
|
|
|
|
James A. Jacobson
02/03/1945
Class II
|
|
Nominee,
Trustee
|
|
Since December 2009
|
|
Retired. Formerly, Vice Chairman and Managing Director of Spear,
Leeds & Kellogg Specialists, LLC, a specialist firm on the
New York Stock Exchange. Trustee of the funds in the
Allianz/PIMCO Fund Complex since 2009.
|
|
52
|
|
Trustee, Alpine
Mutual Funds
Complex
consisting
of 16 funds.
|
|
|
|
|
|
|
|
|
|
|
|
Hans W. Kertess
07/12/1939
Class I
|
|
Trustee and
Chairman of
the Board
|
|
PMF/PCQ/PNF Since inception (June 2001)
PML/PCK/PNI Since inception (June 2002)
PMX/PZC/PYN Since October 2003
|
|
President, H. Kertess & Co., a financial advisory company.
Formerly, Managing Director, Royal Bank of Canada Capital
Markets. Trustee of the funds in the Allianz/PIMCO Fund Complex
since 2000.
|
|
52
|
|
None.
|
|
|
|
|
|
|
|
|
|
|
|
William B. Ogden, IV
01/11/1945
Class I
|
|
Trustee
|
|
Since September 2006
|
|
Asset Management Industry Consultant. Formerly, Managing
Director, Investment Banking Division of Citigroup Global
Markets Inc. Trustee of the funds in the Allianz/PIMCO Fund
Complex since 2006.
|
|
52
|
|
None.
|
|
|
|
|
|
|
|
|
|
|
|
Alan Rappaport
03/13/1953
Class I
|
|
Nominee,
Trustee
|
|
Since June 2010
|
|
Vice Chairman, Roundtable Investment Partners (since 2009);
Chairman (formerly President), Private Bank of Bank of America;
Vice Chairman, US Trust (2001-2008). Trustee of the funds in the
Allianz/PIMCO Fund Complex since 2010.
|
|
52
|
|
None.
|
- 8 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of
|
|
Other
|
|
|
|
|
|
|
|
|
Portfolios
|
|
Directorships
|
|
|
|
|
|
|
|
|
in Fund
|
|
Held by
|
|
|
|
|
Term of
|
|
Principal
|
|
Complex
|
|
Trustee
|
|
|
|
|
Office and
|
|
Occupation(s)
|
|
Overseen by
|
|
Nominee
|
Name, Address*,
|
|
Position(s) Held
|
|
Length of
|
|
During the Past
|
|
Trustee
|
|
During the Past
|
Date of Birth and Class
|
|
with the Funds
|
|
Time Served
|
|
5 Years
|
|
Nominee
|
|
5 Years
|
|
Interested Trustee/Nominee
|
|
|
|
|
|
|
|
|
John C. Maney
08/03/1959
Class III
|
|
Trustee
|
|
Since December 2006
|
|
Management Board of Allianz Global Investors Fund Management
LLC; Management Board and Managing Director of Allianz Global
Investors of America L.P. since January 2005 and also Chief
Operating Officer of Allianz Global Investors of America L.P.
since November 2006. Trustee of the funds in the Allianz/PIMCO
Fund Complex since 2006.
|
|
77
|
|
None.
|
|
|
|
* |
|
Unless otherwise indicated, the business address of the persons
listed above is
c/o Allianz
Global Investors Fund Management LLC, 1345 Avenue of the
Americas, New York, New York 10105. |
|
|
|
Mr. Maney is an interested person of the Trust,
as defined in Section 2(a)(19) of the 1940 Act, due to his
affiliation with Allianz Global Investors of America L.P.
Mr. Maney holds the following positions with affiliated
persons: Management Board of Allianz Global Investors
Fund Management LLC; Management Board and Managing Director
of Allianz Global Investors of America L.P. since January 2005
and also Chief Operating Officer of Allianz Global Investors of
America L.P. since November 2006; Management Board, Managing
Director and Chief Operating Officer of Allianz Global Investors
of America LLC; Member Board of Directors and Chief
Operating Officer of Allianz Global Investors of America
Holdings Inc. and Oppenheimer Group, Inc.; Managing Director and
Chief Operating Officer of Allianz Global Investors NY Holdings
LLC; Managing Director and Chief Operating Officer of Allianz
Hedge Fund Partners Holding L.P. and Allianz Global
Investors U.S. Retail LLC; Member Board of
Directors and Managing Director of Allianz Global Investors
Advertising Agency Inc.; Compensation Committee of NFJ
Investment Group LLC; Management Board of Nicholas-Applegate
Holdings LLC; Member Board of Directors and Chief
Operating Officer of PIMCO Global Advisors (Resources) Limited;
Executive Vice President of PIMCO Japan Ltd.; Chief Operating
Officer of Allianz Global Investors U.S. Holding II
LLC; and Member and Chairman Board of Directors,
President and Chief Operating Officer of PFP Holdings, Inc. and
Managing Director of Allianz Global Investors Capital LLC. |
- 9 -
The following table states the dollar range of equity securities
beneficially owned as of the Record Date by each Trustee and
nominee of each Fund and, on an aggregate basis, of any
registered investment companies overseen by the Trustee or
nominee in the family of investment companies,
including the Funds.
|
|
|
|
|
|
|
|
|
Aggregate Dollar Range
|
|
|
|
|
of Equity Securities in
|
|
|
|
|
All Registered
|
|
|
|
|
Investment Companies
|
|
|
|
|
Overseen by
|
|
|
|
|
Trustee/Nominee in
|
|
|
Dollar Range of Equity
|
|
the Family of
|
Name of Trustee/Nominee
|
|
Securities in the Funds*
|
|
Investment Companies*
|
|
Independent Trustees/Nominees
|
|
|
|
|
Paul Belica
|
|
None.
|
|
None.
|
James A. Jacobson
|
|
None.
|
|
Over $100,000
|
Hans W. Kertess
|
|
None.
|
|
Over $100,000
|
William B. Ogden, IV
|
|
None.
|
|
None.
|
Alan Rappaport
|
|
$10,001 - $50,000 (PML)
|
|
Over $100,000
|
Interested Trustee/Nominee
|
|
|
|
|
John C. Maney
|
|
None.
|
|
Over $100,000
|
|
|
|
* |
|
Securities are valued as of November 1, 2010. |
To the knowledge of the Funds, as of the Record Date, Trustees
and nominees who are Independent Trustees or Independent
Nominees and their immediate family members did not own
securities of an investment adviser or principal underwriter of
the Funds or a person (other than a registered investment
company) directly or indirectly controlling, controlled by, or
under common control with an investment adviser or principal
underwriter of the Funds.
Compensation. Each of the Independent Trustees
also serves as a trustee of PIMCO Corporate Income Fund, PIMCO
Corporate Opportunity Fund, AGIC Convertible & Income
Fund, AGIC Convertible & Income Fund II, PIMCO
High Income Fund, PIMCO Income Strategy Fund, PIMCO Income
Strategy Fund II, NFJ Dividend, Interest &
Premium Strategy Fund, AGIC International & Premium
Strategy Fund, PIMCO Global StocksPLUS & Income Fund,
AGIC Equity & Convertible Income Fund, PIMCO Income
Opportunity Fund, AGIC Global Equity & Convertible
Income Fund, PCM Fund, Inc. and PIMCO Strategic Global
Government Fund Inc., each a closed-end fund for which the
Manager serves as investment manager and affiliates of the
Manager serve as
sub-advisers
(together, the Allianz Closed-End Funds) and certain
other open-end investment companies for which the Manager serves
as investment manager and administrator and affiliates of the
Manager serve as investment
sub-advisers
(together with the Allianz Closed-End Funds, the Allianz
Managed Funds). As indicated below, certain of the
officers of the Funds are affiliated with the Manager.
Each of the Allianz Managed Funds are expected to hold joint
meetings of their Boards of Trustees whenever possible. Each
Trustee, other than any Trustee who is a director, officer,
partner or employee of the Manager, PIMCO or any entity
controlling, controlled by or under common control with the
Manager or PIMCO receives annual compensation of $250,000, which
is payable quarterly. The Independent Chairman of the Boards
receives an additional $75,000 per year, payable quarterly. The
Audit Oversight Committee Chairman receives an additional
$50,000 per year, payable quarterly. Trustees will also be
reimbursed for meeting-related expenses.
Each Trustees compensation and other costs of joint
meetings will be allocated pro rata among the Allianz Managed
Funds for which such Trustee serves as Trustee based on the
complexity of issues relating to
- 10 -
each such Fund and relative time spent by the Trustees in
addressing them, and secondarily, on each such Funds
relative net assets (including assets attributable to any
outstanding preferred shares issued by an Allianz Closed-End
Fund).
Trustees do not currently receive any pension or retirement
benefits from the Funds or the Fund Complex.
The following table provides information concerning the
compensation paid to the Trustees and nominees for the fiscal
years ended April 30, 2010 for PMF, PCQ, PNF; May 31,
2010 for PML, PCK and PNI; and September 30, 2010 for PMX,
PZC and PYN. For the calendar year ended December 31, 2009,
the Trustees received the compensation set forth in the table
below for serving as trustees of the Funds and other funds in
the same Fund Complex as the Funds. Each
officer and each Trustee who is a director, officer, partner,
member or employee of the Manager or the
Sub-Adviser,
or of any entity controlling, controlled by or under common
control with the Manager or the
Sub-Adviser
including any Interested Trustee, serves without any
compensation from the Funds.
Compensation
Table
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aggregate
|
|
|
Aggregate
|
|
|
Aggregate
|
|
|
Aggregate
|
|
|
Aggregate
|
|
|
|
Compensation
|
|
|
Compensation
|
|
|
Compensation
|
|
|
Compensation
|
|
|
Compensation
|
|
|
|
from PMF
|
|
|
from PCQ
|
|
|
from PNF
|
|
|
from PML
|
|
|
from PCK
|
|
|
|
for the
|
|
|
for the
|
|
|
for the
|
|
|
for the
|
|
|
for the
|
|
|
|
Fiscal Year
|
|
|
Fiscal Year
|
|
|
Fiscal Year
|
|
|
Fiscal Year
|
|
|
Fiscal Year
|
|
|
|
Ended
|
|
|
Ended
|
|
|
Ended
|
|
|
Ended
|
|
|
Ended
|
|
Name of Trustee/Nominees
|
|
April 30, 2010
|
|
|
April 30, 2010
|
|
|
April 30, 2010
|
|
|
May 31, 2010
|
|
|
May 31, 2010
|
|
|
Independent Trustees/Nominees
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Paul Belica
|
|
$
|
8,842
|
|
|
$
|
7,140
|
|
|
$
|
2,402
|
|
|
$
|
18,227
|
|
|
$
|
7,930
|
|
Robert E. Connor(1)
|
|
$
|
7,364
|
|
|
$
|
5,947
|
|
|
$
|
2,001
|
|
|
$
|
15,180
|
|
|
$
|
6,605
|
|
James A. Jacobson(2)
|
|
$
|
2,141
|
|
|
$
|
1,690
|
|
|
$
|
565
|
|
|
$
|
4,437
|
|
|
$
|
1,818
|
|
Hans W. Kertess
|
|
$
|
9,578
|
|
|
$
|
7,735
|
|
|
$
|
2,603
|
|
|
$
|
19,745
|
|
|
$
|
8,590
|
|
William B. Ogden, IV
|
|
$
|
7,364
|
|
|
$
|
5,947
|
|
|
$
|
2,001
|
|
|
$
|
15,180
|
|
|
$
|
6,605
|
|
Alan Rappaport(2)
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
R. Peter Sullivan III(3)
|
|
$
|
7,364
|
|
|
$
|
5,947
|
|
|
$
|
2,001
|
|
|
$
|
15,180
|
|
|
$
|
6,605
|
|
Diana L. Taylor(3)
|
|
$
|
3,820
|
|
|
$
|
3,134
|
|
|
$
|
1,063
|
|
|
$
|
7,822
|
|
|
$
|
3,570
|
|
Interested Trustee/Nominee
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
John C. Maney
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
- 11 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Compensation
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
from the
|
|
|
|
Aggregate
|
|
|
Aggregate
|
|
|
Aggregate
|
|
|
Aggregate
|
|
|
Funds and
|
|
|
|
Compensation
|
|
|
Compensation
|
|
|
Compensation
|
|
|
Compensation
|
|
|
Fund Complex
|
|
|
|
from PNI
|
|
|
from PMX
|
|
|
from PZC
|
|
|
from PYN
|
|
|
Paid to
|
|
|
|
for the
|
|
|
for the
|
|
|
for the
|
|
|
for the
|
|
|
Trustees/Nominees
|
|
|
|
Fiscal Year
|
|
|
Fiscal Year
|
|
|
Fiscal Year
|
|
|
Fiscal Year
|
|
|
for the Calendar
|
|
|
|
Ended
|
|
|
Ended
|
|
|
Ended
|
|
|
Ended
|
|
|
Year Ended
|
|
Name of Trustee/Nominees
|
|
May 31, 2010
|
|
|
September 30, 2010
|
|
|
September 30, 2010
|
|
|
September 30, 2010
|
|
|
December 31, 2009*
|
|
|
Independent Trustees/Nominees
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Paul Belica
|
|
$
|
3,650
|
|
|
$
|
8,632
|
|
|
$
|
5,474
|
|
|
$
|
1,404
|
|
|
$
|
300,000
|
|
Robert E. Connor(1)
|
|
$
|
3,039
|
|
|
$
|
3,762
|
|
|
$
|
2,405
|
|
|
$
|
611
|
|
|
$
|
250,000
|
|
James A. Jacobson(2)
|
|
$
|
861
|
|
|
$
|
5,587
|
|
|
$
|
3,530
|
|
|
$
|
909
|
|
|
$
|
11,005
|
|
Hans W. Kertess
|
|
$
|
3,953
|
|
|
$
|
9,391
|
|
|
$
|
5,955
|
|
|
$
|
1,527
|
|
|
$
|
325,000
|
|
William B. Ogden, IV
|
|
$
|
3,039
|
|
|
$
|
7,223
|
|
|
$
|
4,580
|
|
|
$
|
1,175
|
|
|
$
|
250,000
|
|
Alan Rappaport(2)
|
|
$
|
0
|
|
|
$
|
1,936
|
|
|
$
|
1,194
|
|
|
$
|
315
|
|
|
$
|
0
|
|
R. Peter Sullivan III(3)
|
|
$
|
3,039
|
|
|
$
|
6,022
|
|
|
$
|
3,859
|
|
|
$
|
980
|
|
|
$
|
250,000
|
|
Diana L. Taylor(3)
|
|
$
|
1,611
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
168,750
|
|
Interested Trustee/Nominee
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
John C. Maney
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
|
|
* |
|
In addition to the Allianz Closed-End Funds, during each
Funds most recently completed fiscal year, all of the
Trustees served as Trustees of two open-end investment companies
(each consisting of separate investment portfolios) advised by
the Manager except for Diana L. Taylor, James A. Jacobson and
Alan Rappaport who served as a Trustee to one such open-end
company. These investment companies are considered to be in the
same Fund Complex as the Funds. |
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(1) |
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Robert E. Connor served as a Trustee of the Funds until his
death on April 8, 2010. |
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(2) |
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James A. Jacobson and Alan Rappaport were appointed as Trustees
to each Fund effective December 14, 2009 and June 22,
2010, respectively. |
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(3) |
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Diana L. Taylor and R. Peter Sullivan III retired as
Trustees of each Fund effective September 10, 2009 and
July 31, 2010, respectively. |
The Funds have no employees. The Funds officers and
Mr. Maney are compensated by the Manager, the
Sub-Adviser
or one of their affiliates.
Trustee Qualifications The Board has
determined that each Trustee should continue to serve as such
based on several factors (none of which alone is decisive). With
the exception of Messrs. Jacobson and Rappaport, who became
Board members in December 2009 and June 2010, respectively, each
Trustee has served in such role for several years and is
knowledgeable about the Funds business and service
provider arrangements, and has also served for several years as
trustee to a number of other investment companies advised by the
Manager and its affiliates. Among the factors the Board
considered when concluding that an individual should serve on
the Board were the following: (i) the individuals
business and professional experience and accomplishments;
(ii) the individuals ability to work effectively with
other members of the Board; (iii) the individuals
prior experience, if any, serving on the boards of public
companies (including, where relevant, other investment
companies) and other complex enterprises and organizations; and
(iv) how the individuals skills, experiences and
attributes would contribute to an appropriate mix of relevant
skills and experience on the Board.
In respect of each current Trustee, the individuals
substantial professional accomplishments and prior experience,
including, in some cases, in fields related to the operations of
the Funds, were a significant factor
- 12 -
in the determination that the individual should serve as a
Trustee of the Funds. Following is a summary of various
qualifications, experiences and skills of each Trustee (in
addition to business experience during the past five years set
forth in the table above) that contributed to the Boards
conclusion that an individual should serve on the Board:
Paul Belica Mr. Belica has substantial
executive and board experience in the financial services and
investment management industries. He formerly served as director
to several other investment companies. Having served as
Director, Senior Vice President and Managing Director of Smith
Barney, Harris Upham & Co, he provides the Funds with
significant financial expertise and serves as the Audit
Oversight Committees Chair and has been determined by the
Board to be an audit committee financial expert. He
also brings significant public sector experience, having
formerly served as Chairman of the State of New York Mortgage
Agency and as executive director of several related public
authorities.
James A. Jacobson Mr. Jacobson has
substantial executive and board experience in the financial
services industry. He served for more than 15 years as a
senior executive at a New York Stock Exchange (the
NYSE) specialist firm. He has also served on the
NYSE Board of Directors, including terms as Vice Chair. As such,
he provides significant expertise on matters relating to
portfolio brokerage and trade execution. He has expertise in
investment company matters through his service as a trustee of
another fund family.
Hans W. Kertess Mr. Kertess has
substantial executive experience in the investment management
industry. He is the president of a financial advisory company,
H. Kertess & Co., and formerly served as a Managing
Director of Royal Bank of Canada Capital Markets. He has
significant expertise in the investment banking industry.
John C. Maney Mr. Maney has substantial
executive and board experience in the investment management
industry. He has served in a variety of senior-level positions
with investment advisory firms affiliated with the Manager.
Because of his familiarity with the Manager and affiliated
entities, he serves as an important information resource for the
Independent Trustees and as a facilitator of communication with
the Manager.
William B. Ogden, IV Mr. Ogden has
substantial senior executive experience in the investment
banking industry. He served as Managing Director at Citigroup,
where he established and led the firms efforts to raise
capital for and provide mergers and acquisition advisory
services to asset managers and investment advisers. He also has
significant expertise with fund products through his
senior-level responsibility for originating and underwriting a
broad variety of such products.
Alan Rappaport Mr. Rappaport has
substantial senior executive experience in the financial
services industry. He formerly served as Chairman and President
of the Private Bank of Bank of America and as Vice Chairman of
U.S. Trust. He is currently the Vice Chairman of a private
investment firm.
Board
Committees and Meetings.
Audit Oversight Committee. The Board of each
Fund has established an Audit Oversight Committee in accordance
with Section 3(a)(58)(A) of the Securities Exchange Act of
1934, as amended (the Exchange Act). Each
Funds Audit Oversight Committee currently consists of
Messrs. Belica, Jacobson, Kertess, Ogden and Rappaport,
each of whom is an Independent Trustee. Mr. Jacobson is the
Chairman of each Funds Audit Oversight Committee. Each
Funds Audit Oversight Committee provides oversight with
respect to the internal and external accounting and auditing
procedures of each Fund and, among other things, determines the
selection of the independent registered public accounting firm
for each Fund and considers the scope of the audit, approves all
audit and permitted non-audit services proposed to be performed
by those auditors on behalf of each Fund, and approves services
to be performed by the auditors for certain affiliates,
including the
- 13 -
Manager, the
Sub-Adviser
and entities in a control relationship with the Manager or the
Sub-Adviser
that provide services to each Fund where the engagement relates
directly to the operations and financial reporting of the Fund.
The Committee considers the possible effect of those services on
the independence of the Funds independent registered
public accounting firm.
Each member of each Funds Audit Oversight Committee is
independent, as independence for audit committee
members is defined in the currently applicable listing standards
of the NYSE, on which the Common Shares of each Fund are listed.
The Board of each Fund has adopted a written charter for its
Audit Oversight Committee. A copy of the written charter for
each Fund, as amended through April 6, 2010 is attached to
this Proxy Statement as Exhibit A. A report of the
Audit Oversight Committee of PMF, PCQ and PNF, dated
June 22, 2010, is attached to this Proxy Statement as
Exhibit B-1.
A report of the Audit Oversight Committee of PML, PCK and PNI,
dated July 21, 2010, is attached to this Proxy Statement as
Exhibit B-2.
A report of the Audit Oversight Committee of PMX, PZC and PYN,
dated November 19, 2010, is attached to this Proxy
Statement as
Exhibit B-3.
Nominating Committee. The Board of each Fund
has a Nominating Committee composed solely of Independent
Trustees, currently consisting of Messrs. Belica, Jacobson,
Kertess, Ogden, and Rappaport. The Nominating Committee is
responsible for reviewing and recommending qualified candidates
to the Board in the event that a position is vacated or created
or when Trustees are to be nominated for election by
shareholders. The Nominating Committee of each Fund has adopted
a charter, which is posted on the following website:
http://www.allianzinvestors.com/closedendfunds/literature.
Each member of each Funds Nominating Committee is
independent, as independence for nominating
committee members is defined in the currently applicable listing
standards of the NYSE, on which the Common Shares of each Fund
are listed.
Qualifications, Evaluation and Identification of
Trustee/Nominees. The Nominating Committee of
each Fund requires that Trustee candidates have a college degree
or equivalent business experience. When evaluating candidates,
each Funds Nominating Committee may take into account a
wide variety of factors including, but not limited to:
(i) availability and commitment of a candidate to attend
meetings and perform his or her responsibilities on the Board,
(ii) relevant industry and related experience,
(iii) educational background, (iv) financial
expertise, (v) an assessment of the candidates
ability, judgment and expertise and (vi) overall Board
composition. The process of identifying nominees involves the
consideration of candidates recommended by one or more of the
following sources: (i) the Funds current Trustees,
(ii) the Funds officers, (iii) the Funds
Shareholders and (iv) any other source the Committee deems
to be appropriate. The Nominating Committee of each Fund may,
but is not required to, retain a third party search firm at the
Funds expense to identify potential candidates.
Consideration of Candidates Recommended by
Shareholders. The Nominating Committee of each
Fund will review and consider nominees recommended by
Shareholders to serve as Trustees, provided that the
recommending Shareholder follows the Procedures for
Shareholders to Submit Nominee Candidates for the Allianz Global
Investors Fund Management Sponsored Closed-End Funds,
which are set forth as Appendix B to the Funds
Nominating Committee Charter. Among other requirements, these
procedures provide that the recommending Shareholder must submit
any recommendation in writing to the Fund, to the attention of
the Funds Secretary, at the address of the principal
executive offices of the Fund and that such submission must be
received at such offices not less than 45 days nor more
than 75 days prior to the date of the Board or shareholder
meeting at which the nominee would be elected. Any
recommendation must include certain biographical and other
information regarding the candidate and the recommending
Shareholder, and must include a written and
- 14 -
signed consent of the candidate to be named as a nominee and to
serve as a Trustee if elected. The foregoing description of the
requirements is only a summary. Please refer to Appendix B
to the Nominating Committee Charter for each Fund, which is
available at
http://www.allianzinvestors.com/closedendfunds/literature,
for details.
The Nominating Committee has full discretion to reject nominees
recommended by Shareholders, and there is no assurance that any
such person properly recommended and considered by the Committee
will be nominated for election to the Board of each Fund.
Diversity. The Nominating Committee takes
diversity of a particular nominee and overall diversity of the
Board into account when considering and evaluating nominees for
Trustee. While the Committee has not adopted a particular
definition of diversity, when considering a nominees and
the Boards diversity, the Committee generally considers
the manner in which each nominees professional experience,
education, expertise in matters that are relevant to the
oversight of the Funds (e.g., investment management,
distribution, accounting, trading, compliance, legal), general
leadership experience, and life experience are complementary
and, as a whole, contribute to the ability of the Board to
oversee the Funds.
Valuation Committee. The Board of each Fund
has a Valuation Committee currently consisting of
Messrs. Belica, Jacobson, Kertess, Ogden and Rappaport. The
Board of each Fund has delegated to the Committee the
responsibility to determine or cause to be determined the fair
value of each Funds portfolio securities and other assets
when market quotations are not readily available. The Valuation
Committee reviews and approves procedures for the fair valuation
of each Funds portfolio securities and periodically
reviews information from the Manager and the
Sub-Adviser
regarding fair value and liquidity determinations made pursuant
to Board-approved procedures, and makes related recommendations
to the full Board and assists the full Board in resolving
particular fair valuation and other valuation matters.
Compensation Committee. The Board of each Fund
has a Compensation Committee currently consisting of
Messrs. Belica, Jacobson, Kertess, Ogden and Rappaport. The
Compensation Committee meets as the Board deems necessary to
review and make recommendations regarding compensation payable
to the Trustees of the Fund who are not directors, officers,
partners or employees of the Manager, the
Sub-Adviser
or any entity controlling, controlled by or under common control
with the Manager or the
Sub-Adviser.
Meetings. With respect to PMF, PCQ and PNF,
during the fiscal year ended April 30, 2010, the Board of
Trustees held four regular meetings and one special meeting. The
Audit Oversight Committee met in separate session twice, the
Nominating Committee met in separate session twice, the
Valuation Committee met in separate session four times and the
Compensation Committee did not meet in separate sessions. Each
Trustee attended in person or via teleconference at least 75% of
the regular meetings of the Board and meetings of the committees
on which such Trustee served for PMF, PCQ and PNF that were held
during the fiscal year ended April 30, 2010, except
Messrs. Jacobson and Rappaport who were not appointed to
the Board until December 14, 2009 and June 22, 2010,
respectively.
With respect to PML, PCK and PNI during the fiscal year ended
May 31, 2010, the Board of Trustees held four regular
meetings and two special meetings. The Audit Oversight Committee
met in separate session twice, the Nominating Committee met in
separate session twice times, the Valuation Committee met in
separate session four times and the Compensation Committee did
not meet in separate sessions. Each Trustee attended in person
or via teleconference at least 75% of the regular meetings of
the Board and meetings of the committees on which such Trustee
served for PML, PCK and PNI that were held during the fiscal
year ended May 31, 2010, except Messrs. Jacobson and
Rappaport who were not appointed to the Board until
December 14, 2009 and June 22, 2010.
- 15 -
With respect to PMX, PZC and PYN, during the fiscal year ended
September 30, 2001, the Board of Trustees held four regular
meetings and three special meetings. The Audit Oversight
Committee met in separate session three times, the Nominating
Committee met in separate session three times, the Valuation
Committee met in separate session four times and the
Compensation Committee did not meet in separate sessions. Each
Trustee attended in person or via teleconference at least 75% of
the regular meetings of the Board and meetings of the committees
on which such Trustee served for PMX, PZC and PYN that were held
during the fiscal year ended September 30, 2010, except
Messrs. Jacobson and Rappaport who were not appointed to
the Board until December 14, 2009 and June 22, 2010,
respectively.
The Trustees do not attend the annual shareholder meetings.
Shareholder Communications with the Board of
Trustees. The Board of Trustees of each Fund has
adopted procedures by which Fund Shareholders may send
communications to the Board. Shareholders may mail written
communications to the Board to the attention of the Board of
Trustees, [name of Fund],
c/o Thomas
J. Fuccillo, Chief Legal Officer (CLO), Allianz
Global Investors Fund Management LLC, 1345 Avenue of the
Americas, New York, NY 10105. Shareholder communications must
(i) be in writing and be signed by the Shareholder and
(ii) identify the class and number of Shares held by the
Shareholder. The CLO or his designee of each Fund is responsible
for reviewing properly submitted shareholder communications. The
CLO shall either (i) provide a copy of each properly
submitted shareholder communication to the Board at its next
regularly scheduled Board meeting or (ii) if the CLO
determines that the communication requires more immediate
attention, forward the communication to the Trustees promptly
after receipt. The CLO may, in good faith, determine that a
shareholder communication should not be provided to the Board
because it does not reasonably relate to a Fund or its
operations, management, activities, policies, service providers,
Board, officers, shareholders or other matters relating to an
investment in the Fund or is otherwise routine or ministerial in
nature. These procedures do not apply to (i) any
communication from an officer or Trustee of a Fund,
(ii) any communication from an employee or agent of a Fund,
unless such communication is made solely in such employees
or agents capacity as a shareholder, or (iii) any
shareholder proposal submitted pursuant to
Rule 14a-8
under the Exchange Act or any communication made in connection
with such a proposal. A Funds Trustees are not required to
attend the Funds annual shareholder meetings or to
otherwise make themselves available to shareholders for
communications, other than by the aforementioned procedures.
Section 16(a) Beneficial Ownership Reporting
Compliance. Each Funds Trustees and certain
officers, investment advisers, certain affiliated persons of the
investment advisers and persons who own more than 10% of any
class of outstanding securities of a Fund (i.e., a
Funds Common Shares or Preferred Shares) are required to
file forms reporting their affiliation with the Fund and reports
of ownership and changes in ownership of the Funds
securities with the Securities and Exchange Commission (the
SEC) and the NYSE. These persons and entities are
required by SEC regulation to furnish the Fund with copies of
all such forms they file. Based solely on a review of these
forms furnished to each Fund, each Fund believes that each of
the Trustees and relevant officers, investment advisers and
relevant affiliated persons of the investment advisers has
complied with all applicable filing requirements during each
Funds respective fiscal years except, due to
administrative oversight, (1) a late Form 4 covering
one transaction was filed in September 2010 for Alan Rappaport,
an affiliated person of PML and (2) a late Form 4
covering four transactions was filed in November 2010 for
William Gross, an affiliated person of PML.
Required Vote. The election of
Messrs. Belica and Rappaport to the Board of Trustees of
PMF, PCQ, PNF, PML, PCK and PNI will require the affirmative
vote of a plurality of the votes of the Common Shareholders and
Preferred Shareholders (voting as a single class) of the
relevant Fund cast in the election of Trustees at the Meeting,
in person or by proxy. The election of Mr. Jacobson to the
Board of Trustees of PMF,
- 16 -
PCQ, PNF, PML, PCK, PNI, PMX, PZC and PYN will require the
affirmative vote of a plurality of the votes of the Preferred
Shareholders (voting as a separate class) of the Funds cast in
the election of Preferred Shares Trustees at the Meeting,
in person or by proxy. The election of Mr. Rappaport to the
Board of Trustees of PMX, PZC and PYN will require the
affirmative vote of a plurality of the votes of the Preferred
Shareholders (voting as a separate class) of the relevant Fund
cast in the election of Preferred Shares Trustees at the
Meeting, in person or by proxy.
THE
BOARD OF TRUSTEES OF THE FUNDS UNANIMOUSLY RECOMMENDS THAT YOU
VOTE FOR THIS PROPOSAL.
ADDITIONAL
INFORMATION
Executive and Other Officers of the Funds. The
table below provides certain information concerning the
executive officers of the Funds and certain other officers who
perform similar duties. Officers hold office at the pleasure of
the Board and until their successors are appointed and qualified
or until their earlier resignation or removal. Officers and
employees of the Funds who are principals, officers, members or
employees of the Manager or the
Sub-Advisers
are not compensated by the Funds.
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Term of
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Office and
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Name, Address*
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Position(s) Held
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Length of
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|
Principal Occupation(s)
|
and Date of Birth
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with Fund
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Time Served
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During the Past 5 Years
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Brian S. Shlissel
11/14/1964
|
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President & Chief Executive Officer
|
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PMF/PCQ/PNF/PML/PCK/PNI Since September 2002.
Formerly, Treasurer and Principal Financial and Accounting
Officer (June 2001 to September 2002)
PMX/PZC/PYN Since inception (September 2002)
|
|
Managing Director, Head of Mutual Fund Services of Allianz
Global Investors Fund Management LLC; President and Chief
Executive Officer of 29 funds in the Fund Complex; Treasurer,
Principal Financial and Accounting Officer of 48 funds in the
Fund Complex and The Korea Fund, Inc.
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Lawrence G. Altadonna
03/10/1966
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Treasurer, Principal Financial and Accounting Officer
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PMF/PCQ/PNF/PML/PCK/PNI Since September 2002
PMX/PZC/PYN Since inception (September 2002)
|
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Senior Vice President, Director of Fund Administration of
Allianz Global Investors Fund Management LLC; Treasurer,
Principal Financial and Accounting Officer of 29 funds in the
Fund Complex; Assistant Treasurer of 48 funds in the Fund
Complex and The Korea Fund, Inc.
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Thomas J. Fuccillo
03/22/1968
|
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Vice President, Secretary and Chief Legal Officer
|
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Since December 2004
|
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Executive Vice President, Chief Legal Officer and Secretary of
Allianz Global Investors Fund Management LLC; Executive Vice
President of Allianz Global Investors of America L.P. Vice
President, Secretary and Chief Legal Officer of 77 funds in the
Fund Complex; Secretary and Chief Legal Officer of The Korea
Fund, Inc.
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Youse Guia
680 Newport Center
Drive Suite 250
Newport Beach,
CA 92660
09/03/1972
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Chief Compliance Officer
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Since October 2004
|
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Senior Vice President, Chief Compliance Officer, Allianz Global
Investors of America L.P.; Chief Compliance Officer of 77 funds
in the Fund Complex and The Korea Fund, Inc.
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Kathleen A. Chapman
11/11/1954
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Assistant Secretary
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Since December 2006
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Senior Paralegal, Allianz Global Investors of America, L.P.;
Assistant Secretary of 77 funds in the Fund Complex.
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- 17 -
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Term of
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Office and
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Name, Address*
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Position(s) Held
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Length of
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Principal Occupation(s)
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and Date of Birth
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with Fund
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Time Served
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During the Past 5 Years
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Lagan Srivastava
09/20/1977
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Assistant Secretary
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Since December 2006
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Assistant Secretary of 77 funds in the Fund Complex and of The
Korea Fund, Inc.
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Scott Whisten
03/13/1971
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Assistant Treasurer
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Since January 2007
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Senior Vice President, Allianz Global Investors Fund Management
LLC; Assistant Treasurer of 77 funds in the Fund Complex.
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Richard J. Cochran
01/23/1961
|
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Assistant Treasurer
|
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Since May 2008
|
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Vice President, Allianz Global Investors Fund Management LLC;
Assistant Treasurer of 77 funds in the Fund Complex. Formerly,
Tax Manager, Teachers Insurance Annuity Association/College
Retirement Equity Fund (TIAA-CREF) (2002-2008).
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* |
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Unless otherwise noted, the address of the Funds officers
is Allianz Global Investors Fund Management LLC, 1345
Avenue of the Americas, New York, New York 10105. |
Each of the Funds executive officers is an
interested person of the Fund (as defined in
Section 2(a)(19) of the 1940 Act) as a result of his or her
position(s) set forth in the table above.
Investment Manager and
Sub-Adviser. The
Manager, located at 1345 Avenue of the Americas, New York, New
York 10105, serves as the investment manager of the Funds. The
Manager retains its affiliates, PIMCO as
Sub-Adviser
to the Funds. PIMCO is located at 800 Newport Center Drive,
Newport Beach, CA 92660. The Manager and the
Sub-Adviser
are each majority-owned indirect subsidiaries of Allianz SE, a
European insurance and financial services company.
Legal Proceedings. In June and September 2004,
the Manager and certain of its affiliates (including PEA Capital
LLC (PEA), Allianz Global Investors Distributors LLC
and Allianz Global Investors of America, L.P.) agreed to settle,
without admitting or denying the allegations, claims brought by
the SEC and the New Jersey Attorney General alleging violations
of federal and state securities laws with respect to certain
open-end funds for which the Manager serves as investment
adviser. The settlements related to an alleged market
timing arrangement in certain open-end funds formerly
sub-advised
by PEA. The Manager and its affiliates agreed to pay a total of
$68 million to settle the claims. In addition to monetary
payments, the settling parties agreed to undertake certain
corporate governance, compliance and disclosure reforms related
to market timing, and consented to cease and desist orders and
censures. Subsequent to these events, PEA deregistered as an
investment adviser and dissolved. None of the settlements
alleged that any inappropriate activity took place with respect
to the Funds.
Since February 2004, the Manager, and certain of its affiliates
and their employees have been named as defendants in a number of
pending lawsuits concerning market timing, which
allege the same or similar conduct underlying the regulatory
settlements discussed above. The market timing lawsuits have
been consolidated in a multi-district litigation proceeding in
the United States District Court for the District of Maryland
(the MDL Court). After a number of claims in the
lawsuits were dismissed by the MDL Court, the parties entered
into a stipulation of settlement, which was publicly filed with
the MDL Court in April 2010, resolving all remaining claims, but
the settlement remains subject to the approval of the MDL Court.
In addition, PIMCO, the
Sub-Adviser
of the Funds, is the subject of a lawsuit in the Northern
District of Illinois Eastern Division in which the complaint
alleges that plaintiffs each purchased and sold a
10-year
Treasury note futures contract and suffered damages from an
alleged shortage when the
Sub-Adviser
held both physical and futures positions in
10-year
Treasury notes for its client accounts. In July 2007, the court
granted
- 18 -
class certification of a class consisting of those persons who
purchased futures contracts to offset short positions between
May 9, 2005 and June 30, 2005. PIMCO currently
believes that the complaint is without merit and the PIMCO
intends to vigorously defend against this action.
Beginning in May 2010, several closed-end funds managed by the
Manager, including PML and certain other funds
sub-advised
by PIMCO, each received a demand letter from a law firm on
behalf of certain common shareholders. The demand letters allege
that the Manager and certain officers and trustees of the funds
breached their fiduciary duties in connection with the
redemption at par of a portion of the funds ARPS and
demand that the boards of trustees take certain action to remedy
those alleged breaches. After conducting an investigation, in
August 2010 the independent trustees of PML rejected the demands
made in the demand letters.
The Manager and the
Sub-Adviser
believe that these matters are not likely to have a material
adverse effect on the Funds or on their ability to perform their
respective investment advisory activities relating to the Funds.
The foregoing speaks only as of the date of this document.
Independent Registered Public Accounting
Firm. The Audit Oversight Committee of each
Funds Board unanimously selected PricewaterhouseCoopers
LLP (PwC) as the independent registered public
accounting firm for the fiscal years ending April 30, 2011
for PMF, PCQ and PNF, May 31, 2011 for PML, PCK and PNI and
September 30, 2011 for PMX, PZC and PYN. PwC served as the
independent registered public accounting firm of each Fund for
the last fiscal year and also serves as the independent
registered public accounting firm of various other investment
companies for which the Manager and the
Sub-Adviser
serve as investment adviser or
sub-adviser.
PwC is located at 300 Madison Avenue, New York, New York 10017.
None of the Funds knows of any direct financial or material
indirect financial interest of PwC in the Funds.
A representative of PwC, if requested by any Shareholder, will
be present at the Meeting via telephone to respond to
appropriate questions from Shareholders and will have an
opportunity to make a statement if he or she chooses to do so.
Pre-approval Policies and Procedures. Each
Funds Audit Oversight Committee has adopted written
policies relating to the pre-approval of audit and permitted
non-audit services to be performed by the Funds
independent registered public accounting firm. Under the
policies, on an annual basis, a Funds Audit Oversight
Committee reviews and pre-approves proposed audit and permitted
non-audit services to be performed by the independent registered
public accounting firm on behalf of the Fund. The President of
each Fund also pre-approves any permitted non-audit services to
be provided to the Fund.
In addition, each Funds Audit Oversight Committee
pre-approves annually any permitted non-audit services
(including audit-related services) to be provided by the
independent registered public accounting firm to the Manager,
the
Sub-Adviser
and any entity controlling, controlled by, or under common
control with the Manager that provides ongoing services to the
Fund (together, the Accounting Affiliates),
provided, in each case, that the engagement relates directly to
the operations and financial reporting of the Fund. Although the
Audit Oversight Committee does not pre-approve all services
provided by the independent registered public accounting firm to
Accounting Affiliates (for instance, if the engagement does not
relate directly to the operations and financial reporting of the
Fund), the Committee receives an annual report from the
independent registered public accounting firm showing the
aggregate fees paid by Accounting Affiliates for such services.
Each Funds Audit Oversight Committee may also from time to
time pre-approve individual non-audit services to be provided to
the Fund or an Accounting Affiliate that were not pre-approved
as part of the annual
- 19 -
process described above. The Chairman of each Funds Audit
Oversight Committee (or any other member of the Committee to
whom this responsibility has been delegated) may also
pre-approve these individual non-audit services, provided that
the fee for such services does not exceed certain pre-determined
dollar thresholds. Any such pre-approval by the Chairman (or by
a delegate) is reported to the full Audit Oversight Committee at
its next regularly scheduled meeting.
The pre-approval policies provide for waivers of the requirement
that the Audit Oversight Committee pre-approve permitted
non-audit services provided to the Funds or their Accounting
Affiliates pursuant to de minimis exceptions described in
Section 10A of the Exchange Act and applicable regulations
(referred to herein as the de minimis exception).
Audit Fees. Audit Fees are fees related to the
audit and review of the financial statements included in annual
reports and registration statements, and other services that are
normally provided in connection with statutory and regulatory
filings or engagements. For each Funds last two fiscal
years, the Audit Fees billed by PwC are shown in the table below:
|
|
|
|
|
|
|
Fund
|
|
Fiscal Year Ended
|
|
Audit Fees
|
|
|
PMF
|
|
April 30, 2010
|
|
$
|
47,100
|
|
|
|
April 30, 2009
|
|
$
|
46,749
|
|
PCQ
|
|
April 30, 2010
|
|
$
|
41,343
|
|
|
|
April 30, 2009
|
|
$
|
41,498
|
|
PNF
|
|
April 30, 2010
|
|
$
|
26,557
|
|
|
|
April 30, 2009
|
|
$
|
26,753
|
|
PML
|
|
May 31, 2010
|
|
$
|
55,006
|
|
|
|
May 31, 2009
|
|
$
|
53,973
|
|
PCK
|
|
May 31, 2010
|
|
$
|
33,887
|
|
|
|
May 31, 2009
|
|
$
|
34,775
|
|
PNI
|
|
May 31, 2010
|
|
$
|
26,107
|
|
|
|
May 31, 2009
|
|
$
|
26,253
|
|
PMX
|
|
September 30, 2010
|
|
$
|
50,989
|
|
|
|
September 30, 2009
|
|
$
|
50,989
|
|
PZC
|
|
September 30, 2010
|
|
$
|
39,735
|
|
|
|
September 30, 2009
|
|
$
|
39,735
|
|
PYN
|
|
September 30, 2010
|
|
$
|
24,277
|
|
|
|
September 30, 2009
|
|
$
|
24,277
|
|
Audit-Related Fees. Audit-Related Fees are
fees related to assurance and related services that are
reasonably related to the performance of the audit or review of
financial statements, but not reported under Audit
Fees above, and that include accounting consultations,
agreed-upon
procedure reports (inclusive of annual review of basic
maintenance testing associated with the Preferred Shares),
attestation reports and comfort letters. The table below shows,
for each Funds last two fiscal years, the Audit-Related
Fees billed by PwC to that Fund. During those fiscal years,
there were no Audit-Related Fees billed by PwC to the
Funds
- 20 -
Accounting Affiliates for audit-related services related
directly to the operation and financial reporting of the Funds.
|
|
|
|
|
|
|
Fund
|
|
Fiscal Year Ended
|
|
Audit-Related Fees
|
|
|
PMF
|
|
April 30, 2010
|
|
$
|
10,239
|
|
|
|
April 30, 2009
|
|
$
|
19,163
|
|
PCQ
|
|
April 30, 2010
|
|
$
|
8,988
|
|
|
|
April 30, 2009
|
|
$
|
9,021
|
|
PNF
|
|
April 30, 2010
|
|
$
|
5,773
|
|
|
|
April 30, 2009
|
|
$
|
32,816
|
|
PML
|
|
May 31, 2010
|
|
$
|
15,582
|
|
|
|
May 31, 2009
|
|
$
|
11,733
|
|
PCK
|
|
May 31, 2010
|
|
$
|
6,399
|
|
|
|
May 31, 2009
|
|
$
|
16,560
|
|
PNI
|
|
May 31, 2010
|
|
$
|
3,019
|
|
|
|
May 31, 2009
|
|
$
|
14,507
|
|
PMX
|
|
September 30, 2010
|
|
$
|
11,084
|
|
|
|
September 30, 2009
|
|
$
|
20,084
|
|
PZC
|
|
September 30, 2010
|
|
$
|
8,638
|
|
|
|
September 30, 2009
|
|
$
|
16,638
|
|
PYN
|
|
September 30, 2010
|
|
$
|
5,278
|
|
|
|
September 30, 2009
|
|
$
|
14,278
|
|
Tax Fees. Tax Fees are fees associated with
tax compliance, tax advice and tax planning, including services
relating to the filing or amendment of federal, state or local
income tax returns, regulated investment company qualification
reviews, and tax distribution and analysis reviews. The table
below shows, for each Funds last two fiscal years, the
aggregate Tax Fees billed by PwC to each Fund. During those
fiscal years, there were no Tax Fees billed by PwC to the
Funds Accounting Affiliates for audit-related services
related directly to the operation and financial reporting of the
Funds:
|
|
|
|
|
|
|
Fund
|
|
Fiscal Year Ended
|
|
Tax Fees
|
|
|
PMF
|
|
April 30, 2010
|
|
$
|
10,000
|
|
|
|
April 30, 2009
|
|
$
|
10,000
|
|
PCQ
|
|
April 30, 2010
|
|
$
|
10,000
|
|
|
|
April 30, 2009
|
|
$
|
10,000
|
|
PNF
|
|
April 30, 2010
|
|
$
|
10,000
|
|
|
|
April 30, 2009
|
|
$
|
10,000
|
|
PML
|
|
May 31, 2010
|
|
$
|
10,000
|
|
|
|
May 31, 2009
|
|
$
|
10,000
|
|
PCK
|
|
May 31, 2010
|
|
$
|
10,000
|
|
|
|
May 31, 2009
|
|
$
|
10,000
|
|
PNI
|
|
May 31, 2010
|
|
$
|
10,000
|
|
|
|
May 31, 2009
|
|
$
|
10,000
|
|
PMX
|
|
September 30, 2010
|
|
$
|
10,150
|
|
- 21 -
|
|
|
|
|
|
|
Fund
|
|
Fiscal Year Ended
|
|
Tax Fees
|
|
|
|
|
September 30, 2009
|
|
$
|
10,000
|
|
PZC
|
|
September 30, 2010
|
|
$
|
10,150
|
|
|
|
September 30, 2009
|
|
$
|
10,000
|
|
PYN
|
|
September 30, 2010
|
|
$
|
10,150
|
|
|
|
September 30, 2009
|
|
$
|
10,000
|
|
All Other Fees. All Other Fees are fees
related to services other than those reported above under
Audit Fees, Audit-Related Fees and
Tax Fees. For each Funds last two fiscal
years, no such fees were billed by PwC to the Fund or the
Funds Accounting Affiliates.
During the periods indicated in the tables above, pursuant to
the de minimis exception, no services described under
Audit-Related Fees, Tax Fees or
All Other Fees were approved.
Aggregate Non-Audit Fees. The aggregate
non-audit fees billed by PwC, during each Funds last two
fiscal years, for services rendered to each Fund and the
Funds Accounting Affiliates are shown in the table below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-Audit
|
|
|
|
|
|
|
|
|
Aggregate
|
|
|
Fees for
|
|
|
|
|
|
|
|
|
Non-Audit Fees
|
|
|
Accounting
|
|
|
Aggregate
|
|
Fund
|
|
Fiscal Year Ended
|
|
for Fund
|
|
|
Affiliates
|
|
|
Non-Audit Fees
|
|
|
PMF
|
|
April 30, 2010
|
|
$
|
20,239
|
|
|
$
|
3,903,479
|
|
|
$
|
3,923,718
|
|
|
|
April 30, 2009
|
|
$
|
29,163
|
|
|
$
|
3,400,408
|
|
|
$
|
3,429,571
|
|
PCQ
|
|
April 30, 2010
|
|
$
|
18,988
|
|
|
$
|
3,904,730
|
|
|
$
|
3,923,718
|
|
|
|
April 30, 2009
|
|
$
|
19,021
|
|
|
$
|
3,400,408
|
|
|
$
|
3,419,429
|
|
PNF
|
|
April 30, 2010
|
|
$
|
15,773
|
|
|
$
|
3,907,945
|
|
|
$
|
3,923,718
|
|
|
|
April 30, 2009
|
|
$
|
42,816
|
|
|
$
|
3,400,408
|
|
|
$
|
3,443,224
|
|
PML
|
|
May 31, 2010
|
|
$
|
25,582
|
|
|
$
|
3,593,366
|
|
|
$
|
3,618,948
|
|
|
|
May 31, 2009
|
|
$
|
21,773
|
|
|
$
|
3,400,408
|
|
|
$
|
3,422,141
|
|
PCK
|
|
May 31, 2010
|
|
$
|
16,399
|
|
|
$
|
3,602,549
|
|
|
$
|
3,618,948
|
|
|
|
May 31, 2009
|
|
$
|
26,560
|
|
|
$
|
3,400,408
|
|
|
$
|
3,426,968
|
|
PNI
|
|
May 31, 2010
|
|
$
|
13,019
|
|
|
$
|
3,605,929
|
|
|
$
|
3,618,948
|
|
|
|
May 31, 2009
|
|
$
|
24,507
|
|
|
$
|
3,400,408
|
|
|
$
|
3,424,915
|
|
PMX
|
|
September 30, 2010
|
|
$
|
21,234
|
|
|
$
|
3,930,752
|
|
|
$
|
3,951,986
|
|
|
|
September 30, 2009
|
|
$
|
30,084
|
|
|
$
|
4,693,549
|
|
|
$
|
4,723,633
|
|
PZC
|
|
September 30, 2010
|
|
$
|
18,788
|
|
|
$
|
3,933,198
|
|
|
$
|
3,951,986
|
|
|
|
September 30, 2009
|
|
$
|
26,638
|
|
|
$
|
4,244,549
|
|
|
$
|
4,271,187
|
|
PYN
|
|
September 30, 2010
|
|
$
|
15,428
|
|
|
$
|
3,936,558
|
|
|
$
|
3,951,986
|
|
|
|
September 30, 2009
|
|
$
|
24,278
|
|
|
$
|
4,243,549
|
|
|
$
|
4,267,827
|
|
Each Funds Audit Oversight Committee has determined that
the provision by PwC of non-audit services to the Funds
Accounting Affiliates that were not pre-approved by the
Committee was compatible with maintaining the independence of
PwC as the Funds principal auditors.
Other Business. As of the date of this Proxy
Statement, each Funds officers and the Manager know of no
business to come before the Meeting other than as set forth in
the Notice. If any other business is properly
- 22 -
brought before the Meeting, including any adjournment thereof,
the persons named as proxies will vote in their sole discretion.
Quorum, Adjournments and Methods of
Tabulation. A quorum for each Fund at the Meeting
will consist of the presence in person or by proxy of thirty
percent (30%) of the total Shares of each of Fund entitled to
vote at the Meeting. In the event that a quorum is not present
at the Meeting or, even if a quorum is present, in the event
that sufficient votes in favor of the proposal set forth in the
Notice are not received by the time scheduled for the Meeting,
the persons named as proxies may propose one or more
adjournments of the Meeting after the date set for the original
Meeting, with no other notice than announcement at the Meeting,
to permit further solicitation of proxies with respect to the
proposal. In addition, if, in the judgment of the persons named
as proxies, it is advisable to defer action on the proposal, the
persons named as proxies may propose one or more adjournments of
the Meeting with respect to the proposal for a reasonable time.
Any adjournments with respect to the proposal will require the
affirmative vote of a plurality of the Shares of the Funds
entitled to vote thereon present in person or represented by
proxy at the session of the Meeting to be adjourned. The persons
named as proxies will vote in favor of such adjournment those
proxies which they are entitled to vote in favor of the
proposal. They will vote against any such adjournment those
proxies required to be voted against the proposal. The costs of
any additional solicitation and of any adjourned session will be
borne by the applicable Fund. Any proposals properly before the
Meeting for which sufficient favorable votes have been received
by the time of the Meeting will be acted upon and such action
will be final regardless of whether the Meeting is adjourned to
permit additional solicitation with respect to any other
proposal.
Votes cast by proxy or in person at the Meeting will be counted
by persons appointed by the Funds as tellers, (the
Tellers) for the Meeting. For purposes of
determining the presence of a quorum for each Fund, the Tellers
will count the total number of votes cast in favor of or in
opposition to the proposal for that Fund, as well as Shares
represented by proxies that reflect abstentions and broker
non-votes (i.e., shares held by brokers or nominees
as to which instructions have not been received from the
beneficial owners or the persons entitled to vote and the broker
or nominee does not have the discretionary voting power on a
particular matter). For a proposal requiring approval of a
plurality of votes cast, such as the election of Trustees,
abstentions and broker non-votes will have no effect on the
outcome of the proposal. For a proposal requiring approval for a
specific percentage of shares present or outstanding abstentions
and broker non-votes will have the same effect as a vote against
the proposal.
Reports to Shareholders. Below are the dates
on or about which the 2010 Annual Reports to Shareholders of
each Fund were mailed:
|
|
|
|
|
Mail Date for 2010
|
Fund
|
|
Annual Report to Shareholders
|
|
PMF/PCK/PNF
|
|
6/25/2010
|
PML/PCQ/PNI
|
|
7/30/2010
|
PMX/PZC/PYN
|
|
11/24/2010
|
Additional copies of the Annual Reports and the Funds
Semi-Annual Reports may be obtained without charge from the
Funds by calling
1-800-254-5197
or by writing to the Funds at 1345 Avenue of the Americas, New
York, NY 10105.
Shareholder Proposals for 2011 Annual
Meeting. It is currently anticipated that each
Funds next annual meeting of Shareholders after the
Meeting addressed in this Proxy Statement will be held in
December 2011. Proposals of Shareholders intended to be
presented at that annual meeting of the Fund must be received by
the Fund no later than July 22, 2011 for inclusion in the
Funds proxy statement and proxy cards relating
- 23 -
to that meeting. The submission by a Shareholder of a proposal
for inclusion in the proxy materials does not guarantee that it
will be included. Shareholder proposals are subject to certain
requirements under the federal securities laws and must be
submitted in accordance with the applicable Funds Bylaws.
Shareholders submitting any other proposals for the Fund
intended to be presented at the 2011 annual meeting
(i.e., other than those to be included in the Funds
proxy materials) must ensure that such proposals are received by
the Fund, in good order and complying with all applicable legal
requirements and requirements set forth in the Funds
Bylaws, no earlier than September 20, 2011 and no later
than October 5, 2011. If a Shareholder who wishes to
present a proposal fails to notify the Fund within these dates,
the proxies solicited for the meeting will have discretionary
authority to vote on the Shareholders proposal if it is
properly brought before the meeting. If a Shareholder makes a
timely notification, the proxies may still exercise
discretionary voting authority under circumstances consistent
with the SECs proxy rules. Shareholder proposals should be
addressed to the attention of the Secretary of the applicable
Fund, at the address of the principal executive offices of the
Fund, with a copy to David C. Sullivan, Ropes & Gray
LLP, Prudential Tower, 800 Boylston Street, Boston,
Massachusetts
02199-3600.
PLEASE EXECUTE AND RETURN THE ENCLOSED PROXY CARDS PROMPTLY
TO ENSURE THAT A QUORUM IS PRESENT AT THE ANNUAL MEETING. A
SELF-ADDRESSED, POSTAGE-PAID ENVELOPE IS ENCLOSED FOR YOUR
CONVENIENCE.
November 19, 2010
- 24 -
Exhibit A
to Proxy Statement
Allianz
Global Investors Fund Management Sponsored Closed-End
Funds
Audit Oversight Committee Charter
(Adopted as
of January 14, 2004,
as amended through
April 6, 2010)
The Board of Trustees (each a Board) of each of the
registered investment companies listed in Appendix A
hereto (each a Fund and, collectively, the
Funds), as the same may be periodically updated, has
adopted this Charter to govern the activities of the Audit
Oversight Committee (the Committee) of the
particular Board with respect to its oversight of the Fund. This
Charter applies separately to each Fund and its particular Board
and Committee, and shall be interpreted accordingly. This
Charter supersedes and replaces any audit committee charter
previously adopted by the Board or a committee of the Board.
Statement
of Purpose and Functions
The Committees general purpose is to oversee the
Funds accounting and financial reporting policies and
practices and its internal controls, including by assisting with
the Boards oversight of the integrity of the Funds
financial statements, the Funds compliance with legal and
regulatory requirements, the qualifications and independence of
the Funds independent auditors, and the performance of the
Funds internal control systems and independent auditors.
The Committees purpose is also to prepare reports required
by Item 407(d)(3)(i) of
Regulation S-K
or otherwise required by Securities and Exchange Commission
rules to be included in the Funds annual proxy statements,
if any.
The Committees function is oversight. While the Committee
has the responsibilities set forth in this Charter, it is not
the responsibility of the Committee to plan or conduct audits,
to prepare or determine that the Funds financial
statements are complete and accurate and are in accordance with
generally accepted accounting principles, or to assure
compliance with laws, regulations or any internal rules or
policies of the Fund. Fund management is responsible for Fund
accounting and the implementation and maintenance of the
Funds internal control systems, and the independent
auditors are responsible for conducting a proper audit of the
Funds financial statements. Members of the Committee are
not employees of the Funds and, in serving on this Committee,
are not, and do not hold themselves out to be, acting as
accountants or auditors. As such, it is not the duty or
responsibility of the Committee or its members to conduct
field work or other types of auditing or accounting
reviews or procedures. Each member of the Committee shall be
entitled to rely on (i) the integrity of those persons and
organizations within management and outside the Fund from which
the Committee receives information and (ii) the accuracy of
financial and other information provided to the Committee by
such persons or organizations absent actual knowledge to the
contrary.
Membership
The Committee shall be comprised of as many trustees as the
Board shall determine, but in any event not less than three
(3) Trustees. Each member of the Committee must be a member
of the Board. The Board may remove or replace any member of the
Committee at any time in its sole discretion. One or more
members of the Committee may be designated by the Board as the
Committees chairman or co-chairman, as the case may be.
Each member of the Committee may not be an interested
person of the Fund, as defined in Section 2(a)(19) of
the Investment Company Act of 1940, as amended (the
Investment Company Act), and
A-1
must otherwise satisfy the standards for independence of an
audit committee member of an investment company issuer as set
forth in
Rule 10A-3(b)
(taking into account any exceptions to those requirements set
for in such rule) under the Securities Exchange Act of 1934, as
amended, and under applicable listing standards of the New York
Stock Exchange (the NYSE). Each member of the
Committee must be financially literate (or must
become so within a reasonable time after his or her appointment
to the Committee) and at least one member of the Committee must
have accounting or related financial management
expertise, in each case as the Board interprets such
qualification in its business judgment under NYSE listing
standards.
Responsibilities
and Duties
The Committees policies and procedures shall remain
flexible to facilitate the Committees ability to react to
changing conditions and to generally discharge its functions.
The following describe areas of attention in broad terms. The
Committee shall:
|
|
|
|
1.
|
Determine the selection, retention or termination of the
Funds independent auditors based on an evaluation of their
independence and the nature and performance of the audit and any
permitted non-audit services. Decisions by the Committee
concerning the selection, retention or termination of the
independent auditors shall be submitted to the Board for
ratification in accordance with the requirements of Section 32
(a) of the Investment Company Act. The Funds independent
auditors must report directly to the Committee, which shall be
responsible for resolution of disagreements between management
and the independent auditors relating to financial reporting.
|
|
|
2.
|
To consider the independence of the Funds independent
auditors at least annually, and in connection therewith receive
on a periodic basis formal written disclosures and letters from
the independent auditors as required by the Independence
Standards Board Standard (ISB) No. 1.
|
|
|
3.
|
To the extent required by applicable regulations, pre-approve
(i) all audit and permitted non-audit services rendered by the
independent auditors to the Fund and (ii) all non-audit services
rendered by the independent auditors to the Funds
investment advisers (including sub-advisers) and to certain of
the investment advisers affiliates. The Committee may
implement policies and procedures by which such services are
approved other than by the full Committee.
|
|
|
4.
|
Review the fees charged by the independent auditors to the Fund,
the investment advisers and certain affiliates of the investment
advisers for audit, audit-related and permitted non-audit
services.
|
|
|
5.
|
If and to the extent that the Fund intends to have employees,
set clear policies for the hiring by the Fund of employees or
former employees of the Funds independent auditors.
|
|
|
6.
|
Obtain and review at least annually a report from the
independent auditors describing (i) the accounting firms
internal quality-control procedures and (ii) any material issues
raised (a) by the accounting firms most recent internal
quality-control review or peer review or (b) by any governmental
or other professional inquiry or investigation performed within
the preceding five years respecting one or more independent
audits carried out by the firm, and any steps taken to address
any such issues.
|
|
|
7.
|
Review with the Funds independent auditors arrangements
for and the scope of the annual audit and any special audits,
including the form of any opinion proposed to be rendered to the
Board and shareholders of the Fund.
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8.
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Meet with management and the independent auditors to review and
discuss the Funds annual audited financial statements,
including a review of any specific disclosures of
managements
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A-2
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discussion of the Funds investment performance; and, with
respect to the Funds audited financial statements, discuss
with the independent auditors matters required by Statement of
Accounting Standards (SAS) No. 61 and any other
matters required to be reported to the Committee under
applicable law; and provide a statement whether, based on its
review of the Funds audited financial statements, the
Committee recommends to the Board that the audited financial
statements be included in the Funds Annual Report.
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Meet with management to review and discuss the Funds
unaudited financial statements included in the semi-annual
report, including, if any, a review of any specific disclosure
of managements discussion of the Funds investment
performance.
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9.
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Discuss with management and the independent auditors the
Funds unaudited financial statements.
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10.
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Review with the independent auditors any audit problems or
difficulties encountered in the course of their audit work and
managements responses thereto.
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11.
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Review with management and, as applicable, with the independent
auditors the Funds accounting and financial reporting
policies, practices and internal controls, managements
guidelines and policies with respect to risk assessment and risk
management, including the effect on the Fund of any
recommendation of changes in accounting principles or practices
by management or the independent auditors.
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12.
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Discuss with management any press releases discussing the
Funds investment performance and other financial
information about the Fund, as well as any financial information
provided by management to analysts or rating agencies. The
Committee may discharge this responsibility by discussing the
general types of information to be disclosed by the Fund and the
form of presentation (i.e., a case-by-case review is not
required) and need not discuss in advance each such release of
information.
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13.
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Establish procedures for (i) the receipt, retention, and
treatment of complaints received by the Fund regarding
accounting, internal accounting controls, or auditing matters;
and (ii) the confidential, anonymous submission by employees of
the Fund, the Funds investment advisers, administrator,
principal underwriter (if any) or any other provider of
accounting-related services for the investment advisers of
concerns regarding accounting or auditing matters.
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14.
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Investigate or initiate the investigation of any improprieties
or suspected improprieties in the Funds accounting
operations or financial reporting.
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15.
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Review with counsel legal and regulatory matters that have a
material impact on the Funds financial and accounting
reporting policies and practices or its internal controls.
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16.
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Report to the Board on a regular basis (at least annually) on
the Committees activities.
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17.
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Perform such other functions consistent with this Charter, the
Agreement and Declaration of Trust and Bylaws applicable to the
Fund, and applicable law or regulation, as the Committee or the
Board deems necessary or appropriate.
|
The Committee may delegate any portion of its authority and
responsibilities as set forth in this Charter to a subcommittee
of one or more members of the Committee.
A-3
Meetings
At least annually, the Committee shall meet separately with the
independent auditors and separately with the representatives of
Fund management responsible for the financial and accounting
operations of the Fund. The Committee shall hold other regular
or special meetings as and when it deems necessary or
appropriate.
Outside
Resources and Assistance from Management
The appropriate officers of the Fund shall provide or arrange to
provide such information, data and services as the Committee may
request. The Committee shall have the authority to engage at the
Funds expense independent counsel and other experts and
consultants whose expertise the Committee considers necessary to
carry out its responsibilities. The Fund shall provide for
appropriate funding, as determined by the Committee, for the
payment of: (i) compensation of the Funds independent
auditors for the issuance of an audit report relating to the
Funds financial statements or the performance of other
audit, review or attest services for the Fund;
(ii) compensation of independent legal counsel or other
advisers retained by the Committee; and (iii) ordinary
administrative expenses of the Committee that are necessary or
appropriate in fulfilling its purposes or carrying out its
responsibilities under this Charter.
Annual
Evaluations
The Committee shall review and reassess the adequacy of this
Charter at least annually and recommend any changes to the
Board. In addition, the performance of the Committee shall be
reviewed at least annually by the Board.
Adoption
and Amendments
The Board shall adopt and approve this Charter and may amend the
Charter at any time on the Boards own motion.
A-4
Appendix A
Funds
Subject to this Charter
(As of
April 6, 2010)
NFJ DIVIDEND, INTEREST & PREMIUM STRATEGY FUND
(NFJ)
AGIC CONVERTIBLE & INCOME FUND (NCV)
AGIC CONVERTIBLE & INCOME FUND II
(NCZ)
AGIC EQUITY & CONVERTIBLE INCOME FUND (NIE)
AGIC GLOBAL EQUITY & CONVERTIBLE INCOME FUND
(NGZ)
AGIC INTERNATIONAL & PREMIUM STRATEGY FUND
(NAI)
PCM FUND, INC. (PCM)
PIMCO CALIFORNIA MUNICIPAL INCOME FUND (PCQ)
PIMCO CALIFORNIA MUNICIPAL INCOME FUND II (PCK)
PIMCO CALIFORNIA MUNICIPAL INCOME FUND III (PZC)
PIMCO CORPORATE INCOME FUND (PCN)
PIMCO CORPORATE OPPORTUNITY FUND (PTY)
PIMCO INCOME STRATEGY FUND (PFL)
PIMCO INCOME STRATEGY FUND II (PFN)
PIMCO GLOBAL STOCKSPLUS & INCOME FUND (PGP)
PIMCO HIGH INCOME FUND (PHK)
PIMCO INCOME OPPORTUNITY FUND (PKO)
PIMCO MUNICIPAL INCOME FUND (PMF)
PIMCO MUNICIPAL INCOME FUND II (PML)
PIMCO MUNICIPAL INCOME FUND III (PMX)
PIMCO NEW YORK MUNICIPAL INCOME FUND (PNF)
PIMCO NEW YORK MUNICIPAL INCOME FUND II (PNI)
PIMCO NEW YORK MUNICIPAL INCOME FUND III (PYN)
PIMCO STRATEGIC GLOBAL GOVERNMENT FUND, INC. (RCS)
Exhibit B-1
to Proxy Statement
Report of
Audit Oversight Committees
of the
Boards of Trustees of
PIMCO Municipal Income Fund I
PIMCO California Municipal Income Fund I
PIMCO New York Municipal Income Fund I
(each, a Fund and, collectively, the
Funds)
Dated
June 22, 2010
The Audit Oversight Committee (the Committee)
oversees the Funds financial reporting process on behalf
of the Board of Trustees of each Fund (the Board)
and operates under a written Charter adopted by the Board. The
Committee meets with the Funds management
(Management) and independent registered public
accounting firm and reports the results of its activities to the
Board. Management has the primary responsibility for the
financial statements and the reporting process, including the
system of internal controls. In connection with the
Committees and independent accountants
responsibilities, Management has advised that the Funds
financial statements for the fiscal year ended April 30,
2010 were prepared in conformity with the generally accepted
accounting principles.
The Committee has reviewed and discussed with Management and
PricewaterhouseCoopers LLP (PwC), the Funds
independent registered public accounting firm, the audited
financial statements for the fiscal year ended April 30,
2010. The Committee has discussed with PwC the matters required
to be discussed by Statements on Auditing Standard No. 61
(SAS 61). SAS 61 requires the independent registered public
accounting firm to communicate to the Committee matters
including, if applicable: 1) methods used to account for
significant unusual transactions; 2) the effect of
significant accounting policies in controversial or emerging
areas for which there is a lack of authoritative guidance or
consensus; 3) the process used by management in formulating
particularly sensitive accounting estimates and the basis for
the auditors conclusions regarding the reasonableness of
those estimates; and 4) disagreements with Management over
the application of accounting principles and certain other
matters.
With respect to the Fund, the Committee has received the written
disclosure and the letter from PwC required by Rule 3526 of
the Public Company Accounting Oversight Board (requiring
registered public accounting firms to make written disclosure to
and discuss with the Committee various matters relating to the
auditors independence), and has discussed with PwC their
independence. The Committee has also reviewed the aggregate fees
billed by PwC for professional services rendered to the Fund and
for non-audit services provided to Allianz Global Investors
Fund Management LLC (AGIFM), the Funds
investment manager, Pacific Investment Management Company LLC
(PIMCO), the Funds
sub-adviser
and any entity controlling, controlled by or under common
control with AGIFM or PIMCO that provided services to the Fund.
As part of this review, the Committee considered, in addition to
other practices and requirements relating to selection of the
Funds independent registered public accounting firm,
whether the provision of such non-audit services was compatible
with maintaining the independence of PwC.
Based on the foregoing review and discussions, the Committee
presents this Report to the Board and recommends that
(1) the audited financial statements for the fiscal year
ended April 30, 2010 be included in the Funds Annual
Report to shareholders for such fiscal year, (2) such
Annual Report be filed with the
B-1
Securities and Exchange Commission and the New York Stock
Exchange, and (3) PwC be reappointed as the Funds
independent registered public accounting firm for the fiscal
year ending April 30, 2011.
Submitted by the Audit Oversight Committee of the Board of
Trustees:
Paul Belica
James A. Jacobson
Hans W. Kertess
William B. Ogden, IV
Alan Rappaport
R. Peter Sullivan III
B-2
Exhibit B-2
to Proxy Statement
Report of
Audit Oversight Committees
of the
Boards of Trustees of
PIMCO Municipal Income Fund II
PIMCO California Municipal Income Fund II
PIMCO New York Municipal Income Fund II
(each, a Fund and, collectively, the
Funds)
Dated
July 21, 2010
The Audit Oversight Committee (the Committee)
oversees the Funds financial reporting process on behalf
of the Board of Trustees of each Fund (the Board)
and operates under a written Charter adopted by the Board. The
Committee meets with the Funds management
(Management) and independent registered public
accounting firm and reports the results of its activities to the
Board. Management has the primary responsibility for the
financial statements and the reporting process, including the
system of internal controls. In connection with the
Committees and independent accountants
responsibilities, Management has advised that the Funds
financial statements for the fiscal year ended May 31, 2010
were prepared in conformity with the generally accepted
accounting principles.
The Committee has reviewed and discussed with Management and
PricewaterhouseCoopers LLP (PwC), the Funds
independent registered public accounting firm, the audited
financial statements for the fiscal year ended May 31,
2010. The Committee has discussed with PwC the matters required
to be discussed by Statements on Auditing Standard No. 61
(SAS 61). SAS 61 requires the independent registered public
accounting firm to communicate to the Committee matters
including, if applicable: 1) methods used to account for
significant unusual transactions; 2) the effect of
significant accounting policies in controversial or emerging
areas for which there is a lack of authoritative guidance or
consensus; 3) the process used by management in formulating
particularly sensitive accounting estimates and the basis for
the auditors conclusions regarding the reasonableness of
those estimates; and 4) disagreements with Management over
the application of accounting principles and certain other
matters.
With respect to the Fund, the Committee has received the written
disclosure and the letter from PwC required by Rule 3526 of
the Public Company Accounting Oversight Board (requiring
registered public accounting firms to make written disclosure to
and discuss with the Committee various matters relating to the
auditors independence), and has discussed with PwC their
independence. The Committee has also reviewed the aggregate fees
billed by PwC for professional services rendered to the Fund and
for non-audit services provided to Allianz Global Investors
Fund Management LLC (AGIFM), the Funds
investment manager, Pacific Investment Management Company LLC
(PIMCO), the Funds
sub-adviser
and any entity controlling, controlled by or under common
control with AGIFM or PIMCO that provided services to the Fund.
As part of this review, the Committee considered, in addition to
other practices and requirements relating to selection of the
Funds independent registered public accounting firm,
whether the provision of such non-audit services was compatible
with maintaining the independence of PwC.
Based on the foregoing review and discussions, the Committee
presents this Report to the Board and recommends that
(1) the audited financial statements for the fiscal year
ended May 31, 2010 be included in the Funds Annual
Report to shareholders for such fiscal year, (2) such
Annual Report be filed with the
B-3
Securities and Exchange Commission and the New York Stock
Exchange, and (3) PwC be reappointed as the Funds
independent registered public accounting firm for the fiscal
year ending May 31, 2011.
Submitted by the Audit Oversight Committee of the Board of
Trustees:
Paul Belica
Hans W. Kertess
William B. Ogden, IV
R. Peter Sullivan III
James A. Jacobson
Alan Rappaport
B-4
Exhibit B-3
to Proxy Statement
Report of
Audit Oversight Committees
of the
Boards of Trustees of
PIMCO Municipal Income Fund III
PIMCO California Municipal Income Fund III
PIMCO New York Municipal Income Fund III
(each, a Fund and, collectively, the
Funds)
Dated
November 19, 2010
The Audit Oversight Committee (the Committee)
oversees the Funds financial reporting process on behalf
of the Board of Trustees of each Fund (the Board)
and operates under a written Charter adopted by the Board. The
Committee meets with the Funds management
(Management) and independent registered public
accounting firm and reports the results of its activities to the
Board. Management has the primary responsibility for the
financial statements and the reporting process, including the
system of internal controls. In connection with the
Committees and independent accountants
responsibilities, Management has advised that the Funds
financial statements for the fiscal year ended
September 30, 2010 were prepared in conformity with the
generally accepted accounting principles.
The Committee has reviewed and discussed with Management and
PricewaterhouseCoopers LLP (PwC), the Funds
independent registered public accounting firm, the audited
financial statements for the fiscal year ended
September 30, 2010. The Committee has discussed with PwC
the matters required to be discussed by Statements on Auditing
Standard No. 61 (SAS 61). SAS 61 requires the independent
registered public accounting firm to communicate to the
Committee matters including, if applicable: 1) methods used
to account for significant unusual transactions; 2) the
effect of significant accounting policies in controversial or
emerging areas for which there is a lack of authoritative
guidance or consensus; 3) the process used by management in
formulating particularly sensitive accounting estimates and the
basis for the auditors conclusions regarding the
reasonableness of those estimates; and 4) disagreements
with Management over the application of accounting principles
and certain other matters.
With respect to the Fund, the Committee has received the written
disclosure and the letter from PwC required by Rule 3526 of
the Public Company Accounting Oversight Board (requiring
registered public accounting firms to make written disclosure to
and discuss with the Committee various matters relating to the
auditors independence), and has discussed with PwC their
independence. The Committee has also reviewed the aggregate fees
billed by PwC for professional services rendered to the Fund and
for non-audit services provided to Allianz Global Investors
Fund Management LLC (AGIFM), the Funds
investment manager, Pacific Investment Management Company LLC
(PIMCO), the Funds
sub-adviser
and any entity controlling, controlled by or under common
control with AGIFM or PIMCO that provided services to the Fund.
As part of this review, the Committee considered, in addition to
other practices and requirements relating to selection of the
Funds independent registered public accounting firm,
whether the provision of such non-audit services was compatible
with maintaining the independence of PwC.
Based on the foregoing review and discussions, the Committee
presents this Report to the Board and recommends that
(1) the audited financial statements for the fiscal year
ended September 30, 2010 be included in the Funds
Annual Report to shareholders for such fiscal year,
(2) such Annual Report be filed with the
B-5
Securities and Exchange Commission and the New York Stock
Exchange, and (3) PwC be reappointed as the Funds
independent registered public accounting firm for the fiscal
year ending September 30, 2011.
Submitted by the Audit Oversight Committee of the Board of
Trustees:
Paul Belica
Hans W. Kertess
William B. Ogden, IV
James A. Jacobson
Alan Rappaport
B-6
PROXY
PIMCO MUNICIPAL INCOME FUND
COMMON SHARES
PROXY IN CONNECTION WITH THE ANNUAL MEETING OF
SHAREHOLDERS TO BE HELD ON DECEMBER 14, 2010
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF THE FUND
The undersigned holder of common shares of PIMCO Municipal Income Fund, a Massachusetts business
trust (the Fund), hereby appoints Lawrence G. Altadonna, Thomas J. Fuccillo and Brian S.
Shlissel, or any of them, as proxies for the undersigned, with full power of substitution in each
of them, to attend the Annual Meeting of Shareholders of the Fund (the Annual Meeting) to be held
at 9:30 a.m., Eastern Time, December 14, 2010 at the offices of Allianz Global Investors Fund
Management LLC, 1345 Avenue of the Americas, between West 54th and West 55th
streets, 49th Floor, New York, New York 10105, and any postponement or adjournment thereof, to cast
on behalf of the undersigned all votes that the undersigned is entitled to cast at the Annual
Meeting and otherwise to represent the undersigned with all powers possessed by the undersigned if
personally present at such Annual Meeting. The undersigned hereby acknowledges receipt of the
Notice of Meeting and accompanying Proxy Statement and revokes any proxy heretofore given with
respect to the Annual Meeting.
IF THIS PROXY IS PROPERLY EXECUTED, THE VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE CAST
IN THE MANNER DIRECTED ON THE REVERSE SIDE HEREOF, AND WILL BE VOTED IN THE DISCRETION OF THE PROXY
HOLDER(S) ON ANY OTHER MATTERS THAT MAY PROPERLY COME BEFORE THE ANNUAL MEETING OR ANY ADJOURNMENT
OR POSTPONEMENT THEREOF. IF THIS PROXY IS PROPERLY EXECUTED BUT NO DIRECTION IS MADE AS REGARDS THE
PROPOSAL INCLUDED IN THE PROXY STATEMENT, SUCH VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE
CAST FOR SUCH PROPOSAL.
Please refer to the Proxy Statement for a discussion of the Proposal.
PLEASE VOTE, DATE AND SIGN ON THE REVERSE SIDE HEREOF
AND RETURN THE SIGNED PROXY PROMPTLY IN THE ENCLOSED ENVELOPE.
NOTE: Please sign this proxy exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
|
|
|
HAS YOUR ADDRESS CHANGED?
|
|
DO YOU HAVE ANY COMMENTS? |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three simple methods to vote your proxy:
|
|
|
Internet:
|
|
Log on to www.proxyonline.com. Make sure to have this proxy card
available when you plan to vote your shares. You will need the
control number found in the box at the right at the time you
execute your vote. |
|
|
|
Touchtone
Phone
|
|
Simply dial toll-free 1-800-690-6903 and follow
the automated instructions. Please have this
proxy card available at the time of the call. |
|
|
|
Mail:
|
|
Simply sign, date, and complete the reverse side
of this proxy card and return it in the postage
paid envelope provided. |
PIMCO
MUNICIPAL INCOME FUND
COMMON SHARES
Using a black ink pen, mark your votes with an X as shown
in this example. Please do not write outside the designated areas. þ
ANNUAL MEETING PROXY CARD
A. Election of Trustees The Board of Trustees urges you to vote FOR the election of the
Nominees.
1. Nominees:
|
|
|
|
|
(01) Paul Belica (Class II)
|
|
FOR o
|
|
WITHHOLD o |
|
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|
|
(02) Alan Rappaport (Class I)
|
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FOR o
|
|
WITHHOLD o |
2. To vote and otherwise represent the undersigned on any other business that may properly come
before the Annual Meeting or any adjournments or postponements thereof, in the discretion of the
proxy holder(s).
B. Non-Voting Items
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Change of Address Please print new address below.
|
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|
|
|
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Comments Please print your comments below. |
|
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|
C. Authorized Signatures This section must be completed for your vote to be counted. Date
and Sign Below
Please sign this proxy card exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
Date (mm/dd/yyyy) Pls print date below.
__/__/__
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Signature 1 Please keep signature within the box.
|
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Signature 2 Please keep signature within the box. |
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|
PROXY
PIMCO MUNICIPAL INCOME FUND
PREFERRED SHARES
PROXY IN CONNECTION WITH THE ANNUAL MEETING OF
SHAREHOLDERS TO BE HELD ON DECEMBER 14, 2010
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF THE FUND
The undersigned holder of preferred shares of PIMCO Municipal Income Fund, a Massachusetts business
trust (the Fund), hereby appoints Lawrence G. Altadonna, Thomas J. Fuccillo and Brian S.
Shlissel, or any of them, as proxies for the undersigned, with full power of substitution in each
of them, to attend the Annual Meeting of Shareholders of the Fund (the Annual Meeting) to be held
at 9:30 a.m., Eastern Time, December 14, 2010 at the offices of Allianz Global Investors Fund
Management LLC, 1345 Avenue of the Americas, between West 54th and West 55th
Streets, 49th Floor, New York, New York 10105, and any postponement or adjournment thereof, to cast
on behalf of the undersigned all votes that the undersigned is entitled to cast at the Annual
Meeting and otherwise to represent the undersigned with all powers possessed by the undersigned if
personally present at such Annual Meeting. The undersigned hereby acknowledges receipt of the
Notice of Meeting and accompanying Proxy Statement and revokes any proxy heretofore given with
respect to the Annual Meeting.
IF THIS PROXY IS PROPERLY EXECUTED, THE VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE CAST
IN THE MANNER DIRECTED ON THE REVERSE SIDE HEREOF, AND WILL BE VOTED IN THE DISCRETION OF THE PROXY
HOLDER(S) ON ANY OTHER MATTERS THAT MAY PROPERLY COME BEFORE THE ANNUAL MEETING OR ANY ADJOURNMENT
OR POSTPONEMENT THEREOF. IF THIS PROXY IS PROPERLY EXECUTED BUT NO DIRECTION IS MADE AS REGARDS THE
PROPOSAL INCLUDED IN THE PROXY STATEMENT, SUCH VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE
CAST FOR SUCH PROPOSAL.
Please refer to the Proxy Statement for a discussion of the Proposal.
PLEASE VOTE, DATE AND SIGN ON THE REVERSE SIDE HEREOF
AND RETURN THE SIGNED PROXY PROMPTLY IN THE ENCLOSED ENVELOPE.
NOTE: Please sign this proxy exactly as your name(s) appear(s) on the books of the Fund.
Joint owners should each sign personally. Trustees and other fiduciaries should indicate the
capacity in which they sign, and where more than one name appears, a majority must sign. If a
corporation, the signature should be that of an authorized officer who should state his or her
title.
|
|
|
HAS YOUR ADDRESS CHANGED?
|
|
DO YOU HAVE ANY COMMENTS? |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three simple methods to vote your proxy:
|
|
|
Internet:
|
|
Log on to www.proxyonline.com. Make sure to have this proxy card
available when you plan to vote your shares. You will need the
control number found in the box at the right at the time you
execute your vote. |
|
|
|
Touchtone
Phone
|
|
Simply dial toll-free 1-800-690-6903 and follow
the automated instructions. Please have this
proxy card available at the time of the call. |
|
|
|
Mail:
|
|
Simply sign, date, and complete the reverse side
of this proxy card and return it in the postage
paid envelope provided. |
PIMCO MUNICIPAL INCOME FUND
PREFERRED SHARES
Using a black ink pen, mark your votes with an X as shown
in this example. Please do not write outside the designated areas. þ
ANNUAL MEETING PROXY CARD
A. Election of Trustees The Board of Trustees urges you to vote FOR the election of the
Nominees.
1. Nominees:
|
|
|
|
|
(01) Paul Belica (Class II)
|
|
FOR o
|
|
WITHHOLD o |
|
|
|
|
|
(02) James A. Jacobson (Class II)
|
|
FOR o
|
|
WITHHOLD o |
|
|
|
|
|
(03) Alan Rappaport (Class I)
|
|
FOR o
|
|
WITHHOLD o |
2. To vote and otherwise represent the undersigned on any other business that may properly come
before the Annual Meeting or any adjournments or postponements thereof, in the discretion of the
proxy holder(s).
B. Non-Voting Items
|
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Change of Address Please print new address below.
|
|
|
|
|
|
|
|
|
|
|
|
Comments Please print your comments below. |
|
|
|
|
|
|
|
|
C. Authorized Signatures This section must be completed for your vote to be counted. Date
and Sign Below
Please sign this proxy card exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
Date (mm/dd/yyyy) Pls print date below.
__/__/__
|
|
|
Signature 1 Please keep signature within the box.
|
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|
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Signature 2 Please keep signature within the box. |
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PROXY
PIMCO CALIFORNIA MUNICIPAL INCOME FUND
COMMON SHARES
PROXY IN CONNECTION WITH THE ANNUAL MEETING OF
SHAREHOLDERS TO BE HELD ON DECEMBER 14, 2010
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF THE FUND
The undersigned holder of common shares of PIMCO California Municipal Income Fund, a Massachusetts
business trust (the Fund), hereby appoints Lawrence G. Altadonna, Thomas J. Fuccillo and Brian S.
Shlissel, or any of them, as proxies for the undersigned, with full power of substitution in each
of them, to attend the Annual Meeting of Shareholders of the Fund (the Annual Meeting) to be held
at 9:30 a.m., Eastern Time, December 14, 2010 at the offices of Allianz Global Investors Fund
Management LLC, 1345 Avenue of the Americas, between West 54th and West 55th
streets, 49th Floor, New York, New York 10105, and any postponement or adjournment thereof, to cast
on behalf of the undersigned all votes that the undersigned is entitled to cast at the Annual
Meeting and otherwise to represent the undersigned with all powers possessed by the undersigned if
personally present at such Annual Meeting. The undersigned hereby acknowledges receipt of the
Notice of Meeting and accompanying Proxy Statement and revokes any proxy heretofore given with
respect to the Annual Meeting.
IF THIS PROXY IS PROPERLY EXECUTED, THE VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE CAST
IN THE MANNER DIRECTED ON THE REVERSE SIDE HEREOF, AND WILL BE VOTED IN THE DISCRETION OF THE PROXY
HOLDER(S) ON ANY OTHER MATTERS THAT MAY PROPERLY COME BEFORE THE ANNUAL MEETING OR ANY ADJOURNMENT
OR POSTPONEMENT THEREOF. IF THIS PROXY IS PROPERLY EXECUTED BUT NO DIRECTION IS MADE AS REGARDS THE
PROPOSAL INCLUDED IN THE PROXY STATEMENT, SUCH VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE
CAST FOR SUCH PROPOSAL.
Please refer to the Proxy Statement for a discussion of the Proposal.
PLEASE VOTE, DATE AND SIGN ON THE REVERSE SIDE HEREOF
AND RETURN THE SIGNED PROXY PROMPTLY IN THE ENCLOSED ENVELOPE.
NOTE: Please sign this proxy exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
|
|
|
HAS YOUR ADDRESS CHANGED?
|
|
DO YOU HAVE ANY COMMENTS? |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three simple methods to vote your proxy:
|
|
|
Internet:
|
|
Log on to www.proxyonline.com. Make sure to have this proxy card
available when you plan to vote your shares. You will need the
control number found in the box at the right at the time you
execute your vote. |
|
|
|
Touchtone
Phone
|
|
Simply dial toll-free 1-800-690-6903 and follow
the automated instructions. Please have this
proxy card available at the time of the call. |
|
|
|
Mail:
|
|
Simply sign, date, and complete the reverse side
of this proxy card and return it in the postage
paid envelope provided. |
PIMCO CALIFORNIA MUNICIPAL INCOME FUND
COMMON SHARES
Using a black ink pen, mark your votes with an X as shown
in this example. Please do not write outside the designated areas. þ
ANNUAL MEETING PROXY CARD
A. Election of Trustees The Board of Trustees urges you to vote FOR the election of the
Nominees.
1. Nominees:
|
|
|
|
|
(03) Paul Belica (Class II)
|
|
FOR o
|
|
WITHHOLD o |
|
|
|
|
|
(04) Alan Rappaport (Class I)
|
|
FOR o
|
|
WITHHOLD o |
2. To vote and otherwise represent the undersigned on any other business that may properly come
before the Annual Meeting or any adjournments or postponements thereof, in the discretion of the
proxy holder(s).
B. Non-Voting Items
|
|
|
Change of Address Please print new address below.
|
|
|
|
|
|
|
|
|
|
|
|
Comments Please print your comments below. |
|
|
|
|
|
|
|
|
C. Authorized Signatures This section must be completed for your vote to be counted. Date
and Sign Below
Please sign this proxy card exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
Date (mm/dd/yyyy) Pls print date below.
__/__/__
|
|
|
Signature 1 Please keep signature within the box.
|
|
|
|
|
|
|
|
|
|
|
|
Signature 2 Please keep signature within the box. |
|
|
|
|
|
|
|
|
PROXY
PIMCO CALIFORNIA MUNICIPAL INCOME FUND
PREFERRED SHARES
PROXY IN CONNECTION WITH THE ANNUAL MEETING OF
SHAREHOLDERS TO BE HELD ON DECEMBER 14, 2010
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF THE FUND
The undersigned holder of preferred shares of PIMCO California Municipal Income Fund, a
Massachusetts business trust (the Fund), hereby appoints Lawrence G. Altadonna, Thomas J.
Fuccillo and Brian S. Shlissel, or any of them, as proxies for the undersigned, with full power of
substitution in each of them, to attend the Annual Meeting of Shareholders of the Fund (the Annual
Meeting) to be held at 9:30 a.m., Eastern Time, December 14, 2010 at the offices of Allianz Global
Investors Fund Management LLC, 1345 Avenue of the Americas, between West 54th and West
55th Streets, 49th Floor, New York, New York 10105, and any postponement or adjournment
thereof, to cast on behalf of the undersigned all votes that the undersigned is entitled to cast at
the Annual Meeting and otherwise to represent the undersigned with all powers possessed by the
undersigned if personally present at such Annual Meeting. The undersigned hereby acknowledges
receipt of the Notice of Meeting and accompanying Proxy Statement and revokes any proxy heretofore
given with respect to the Annual Meeting.
IF THIS PROXY IS PROPERLY EXECUTED, THE VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE CAST
IN THE MANNER DIRECTED ON THE REVERSE SIDE HEREOF, AND WILL BE VOTED IN THE DISCRETION OF THE PROXY
HOLDER(S) ON ANY OTHER MATTERS THAT MAY PROPERLY COME BEFORE THE ANNUAL MEETING OR ANY ADJOURNMENT
OR POSTPONEMENT THEREOF. IF THIS PROXY IS PROPERLY EXECUTED BUT NO DIRECTION IS MADE AS REGARDS THE
PROPOSAL INCLUDED IN THE PROXY STATEMENT, SUCH VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE
CAST FOR SUCH PROPOSAL.
Please refer to the Proxy Statement for a discussion of the Proposal.
PLEASE VOTE, DATE AND SIGN ON THE REVERSE SIDE HEREOF
AND RETURN THE SIGNED PROXY PROMPTLY IN THE ENCLOSED ENVELOPE.
NOTE: Please sign this proxy exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
|
|
|
HAS YOUR ADDRESS CHANGED?
|
|
DO YOU HAVE ANY COMMENTS? |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three simple methods to vote your proxy:
|
|
|
Internet:
|
|
Log on to www.proxyonline.com. Make sure to have this proxy card
available when you plan to vote your shares. You will need the
control number found in the box at the right at the time you
execute your vote. |
|
|
|
Touchtone
Phone
|
|
Simply dial toll-free 1-800-690-6903 and follow
the automated instructions. Please have this
proxy card available at the time of the call. |
|
|
|
Mail:
|
|
Simply sign, date, and complete the reverse side
of this proxy card and return it in the postage
paid envelope provided. |
PIMCO CALIFORNIA MUNICIPAL INCOME FUND
PREFERRED SHARES
Using a black ink pen, mark your votes with an X as shown
in this example. Please do not write outside the designated areas. þ
ANNUAL MEETING PROXY CARD
A. Election of Trustees The Board of Trustees urges you to vote FOR the election of the
Nominees.
1. Nominees:
|
|
|
|
|
(01) Paul Belica (Class II)
|
|
FOR o
|
|
WITHHOLD o |
|
|
|
|
|
(02) James A. Jacobson (Class II)
|
|
FOR o
|
|
WITHHOLD o |
|
|
|
|
|
(03) Alan Rappaport (Class I)
|
|
FOR o
|
|
WITHHOLD o |
2. To vote and otherwise represent the undersigned on any other business that may properly come
before the Annual Meeting or any adjournments or postponements thereof, in the discretion of the
proxy holder(s).
B. Non-Voting Items
|
|
|
Change of Address Please print new address below.
|
|
|
|
|
|
|
|
|
|
|
|
Comments Please print your comments below. |
|
|
|
|
|
|
|
|
C. Authorized Signatures This section must be completed for your vote to be counted. Date
and Sign Below
Please sign this proxy card exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
Date (mm/dd/yyyy) Pls print date below.
__/__/__
|
|
|
Signature 1 Please keep signature within the box.
|
|
|
|
|
|
|
|
|
|
|
|
Signature 2 Please keep signature within the box. |
|
|
|
|
|
|
|
|
PROXY
PIMCO NEW YORK MUNICIPAL INCOME FUND
COMMON SHARES
PROXY IN CONNECTION WITH THE ANNUAL MEETING OF
SHAREHOLDERS TO BE HELD ON DECEMBER 14, 2010
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF THE FUND
The undersigned holder of common shares of PIMCO New York Municipal Income Fund, a Massachusetts
business trust (the Fund), hereby appoints Lawrence G. Altadonna, Thomas J. Fuccillo and Brian S.
Shlissel, or any of them, as proxies for the undersigned, with full power of substitution in each
of them, to attend the Annual Meeting of Shareholders of the Fund (the Annual Meeting) to be held
at 9:30 a.m., Eastern Time, December 14, 2010 at the offices of Allianz Global Investors Fund
Management LLC, 1345 Avenue of the Americas, between West 54th and West 55th
streets, 49th Floor, New York, New York 10105, and any postponement or adjournment thereof, to cast
on behalf of the undersigned all votes that the undersigned is entitled to cast at the Annual
Meeting and otherwise to represent the undersigned with all powers possessed by the undersigned if
personally present at such Annual Meeting. The undersigned hereby acknowledges receipt of the
Notice of Meeting and accompanying Proxy Statement and revokes any proxy heretofore given with
respect to the Annual Meeting.
IF THIS PROXY IS PROPERLY EXECUTED, THE VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE CAST
IN THE MANNER DIRECTED ON THE REVERSE SIDE HEREOF, AND WILL BE VOTED IN THE DISCRETION OF THE PROXY
HOLDER(S) ON ANY OTHER MATTERS THAT MAY PROPERLY COME BEFORE THE ANNUAL MEETING OR ANY ADJOURNMENT
OR POSTPONEMENT THEREOF. IF THIS PROXY IS PROPERLY EXECUTED BUT NO DIRECTION IS MADE AS REGARDS THE
PROPOSAL INCLUDED IN THE PROXY STATEMENT, SUCH VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE
CAST FOR SUCH PROPOSAL.
Please refer to the Proxy Statement for a discussion of the Proposal.
PLEASE VOTE, DATE AND SIGN ON THE REVERSE SIDE HEREOF
AND RETURN THE SIGNED PROXY PROMPTLY IN THE ENCLOSED ENVELOPE.
NOTE: Please sign this proxy exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
|
|
|
HAS YOUR ADDRESS CHANGED?
|
|
DO YOU HAVE ANY COMMENTS? |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three simple methods to vote your proxy:
|
|
|
Internet:
|
|
Log on to www.proxyonline.com. Make sure to have this proxy card
available when you plan to vote your shares. You will need the
control number found in the box at the right at the time you
execute your vote. |
|
|
|
Touchtone
Phone
|
|
Simply dial toll-free 1-800-690-6903 and follow
the automated instructions. Please have this
proxy card available at the time of the call. |
|
|
|
Mail:
|
|
Simply sign, date, and complete the reverse side
of this proxy card and return it in the postage
paid envelope provided. |
PIMCO NEW YORK MUNICIPAL INCOME FUND
COMMON SHARES
Using a black ink pen, mark your votes with an X as shown
in this example. Please do not write outside the designated areas. þ
ANNUAL MEETING PROXY CARD
A. Election of Trustees The Board of Trustees urges you to vote FOR the election of the
Nominees.
1. Nominees:
|
|
|
|
|
(05) Paul Belica (Class II)
|
|
FOR o
|
|
WITHHOLD o |
|
|
|
|
|
(06) Alan Rappaport (Class I)
|
|
FOR o
|
|
WITHHOLD o |
2. To vote and otherwise represent the undersigned on any other business that may properly come
before the Annual Meeting or any adjournments or postponements thereof, in the discretion of the
proxy holder(s).
B. Non-Voting Items
|
|
|
Change of Address Please print new address below.
|
|
|
|
|
|
|
|
|
|
|
|
Comments Please print your comments below. |
|
|
|
|
|
|
|
|
C. Authorized Signatures This section must be completed for your vote to be counted. Date
and Sign Below
Please sign this proxy card exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
Date (mm/dd/yyyy) Pls print date below.
__/__/__
|
|
|
Signature 1 Please keep signature within the box.
|
|
|
|
|
|
|
|
|
|
|
|
Signature 2 Please keep signature within the box. |
|
|
|
|
|
|
|
|
PROXY
PIMCO NEW YORK MUNICIPAL INCOME FUND
PREFERRED SHARES
PROXY IN CONNECTION WITH THE ANNUAL MEETING OF
SHAREHOLDERS TO BE HELD ON DECEMBER 14, 2010
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF THE FUND
The undersigned holder of preferred shares of PIMCO New York Municipal Income Fund, a Massachusetts
business trust (the Fund), hereby appoints Lawrence G. Altadonna, Thomas J. Fuccillo and Brian S.
Shlissel, or any of them, as proxies for the undersigned, with full power of substitution in each
of them, to attend the Annual Meeting of Shareholders of the Fund (the Annual Meeting) to be held
at 9:30 a.m., Eastern Time, December 14, 2010 at the offices of Allianz Global Investors Fund
Management LLC, 1345 Avenue of the Americas, between West 54th and West 55th
Streets, 49th Floor, New York, New York 10105, and any postponement or adjournment thereof, to cast
on behalf of the undersigned all votes that the undersigned is entitled to cast at the Annual
Meeting and otherwise to represent the undersigned with all powers possessed by the undersigned if
personally present at such Annual Meeting. The undersigned hereby acknowledges receipt of the
Notice of Meeting and accompanying Proxy Statement and revokes any proxy heretofore given with
respect to the Annual Meeting.
IF THIS PROXY IS PROPERLY EXECUTED, THE VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE CAST
IN THE MANNER DIRECTED ON THE REVERSE SIDE HEREOF, AND WILL BE VOTED IN THE DISCRETION OF THE PROXY
HOLDER(S) ON ANY OTHER MATTERS THAT MAY PROPERLY COME BEFORE THE ANNUAL MEETING OR ANY ADJOURNMENT
OR POSTPONEMENT THEREOF. IF THIS PROXY IS PROPERLY EXECUTED BUT NO DIRECTION IS MADE AS REGARDS THE
PROPOSAL INCLUDED IN THE PROXY STATEMENT, SUCH VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE
CAST FOR SUCH PROPOSAL.
Please refer to the Proxy Statement for a discussion of the Proposal.
PLEASE VOTE, DATE AND SIGN ON THE REVERSE SIDE HEREOF
AND RETURN THE SIGNED PROXY PROMPTLY IN THE ENCLOSED ENVELOPE.
NOTE: Please sign this proxy exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
|
|
|
HAS YOUR ADDRESS CHANGED?
|
|
DO YOU HAVE ANY COMMENTS? |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three simple methods to vote your proxy:
|
|
|
Internet:
|
|
Log on to www.proxyonline.com. Make sure to have this proxy card
available when you plan to vote your shares. You will need the
control number found in the box at the right at the time you
execute your vote. |
|
|
|
Touchtone
Phone
|
|
Simply dial toll-free 1-800-690-6903 and follow
the automated instructions. Please have this
proxy card available at the time of the call. |
|
|
|
Mail:
|
|
Simply sign, date, and complete the reverse side
of this proxy card and return it in the postage
paid envelope provided. |
PIMCO NEW YORK MUNICIPAL INCOME FUND
PREFERRED SHARES
Using a black ink pen, mark your votes with an X as shown
in this example. Please do not write outside the designated areas. þ
ANNUAL MEETING PROXY CARD
A. Election of Trustees The Board of Trustees urges you to vote FOR the election of the
Nominees.
1. Nominees:
|
|
|
|
|
(01) Paul Belica (Class II)
|
|
FOR o
|
|
WITHHOLD o |
|
|
|
|
|
(02) James A. Jacobson (Class II)
|
|
FOR o
|
|
WITHHOLD o |
|
|
|
|
|
(03) Alan Rappaport (Class I)
|
|
FOR o
|
|
WITHHOLD o |
2. To vote and otherwise represent the undersigned on any other business that may properly come
before the Annual Meeting or any adjournments or postponements thereof, in the discretion of the
proxy holder(s).
B. Non-Voting Items
|
|
|
Change of Address Please print new address below.
|
|
|
|
|
|
|
|
|
|
|
|
Comments Please print your comments below. |
|
|
|
|
|
|
|
|
C. Authorized Signatures This section must be completed for your vote to be counted. Date
and Sign Below
Please sign this proxy card exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
Date (mm/dd/yyyy) Pls print date below.
__/__/__
|
|
|
Signature 1 Please keep signature within the box.
|
|
|
|
|
|
|
|
|
|
|
|
Signature 2 Please keep signature within the box. |
|
|
|
|
|
|
|
|
PROXY
PIMCO MUNICIPAL INCOME FUND II
COMMON SHARES
PROXY IN CONNECTION WITH THE ANNUAL MEETING OF
SHAREHOLDERS TO BE HELD ON DECEMBER 14, 2010
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF THE FUND
The undersigned holder of common shares of PIMCO Municipal Income Fund II, a Massachusetts business
trust (the Fund), hereby appoints Lawrence G. Altadonna, Thomas J. Fuccillo and Brian S.
Shlissel, or any of them, as proxies for the undersigned, with full power of substitution in each
of them, to attend the Annual Meeting of Shareholders of the Fund (the Annual Meeting) to be held
at 9:30 a.m., Eastern Time, December 14, 2010 at the offices of Allianz Global Investors Fund
Management LLC, 1345 Avenue of the Americas, between West 54th and West 55th
streets, 49th Floor, New York, New York 10105, and any postponement or adjournment thereof, to cast
on behalf of the undersigned all votes that the undersigned is entitled to cast at the Annual
Meeting and otherwise to represent the undersigned with all powers possessed by the undersigned if
personally present at such Annual Meeting. The undersigned hereby acknowledges receipt of the
Notice of Meeting and accompanying Proxy Statement and revokes any proxy heretofore given with
respect to the Annual Meeting.
IF THIS PROXY IS PROPERLY EXECUTED, THE VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE CAST
IN THE MANNER DIRECTED ON THE REVERSE SIDE HEREOF, AND WILL BE VOTED IN THE DISCRETION OF THE PROXY
HOLDER(S) ON ANY OTHER MATTERS THAT MAY PROPERLY COME BEFORE THE ANNUAL MEETING OR ANY ADJOURNMENT
OR POSTPONEMENT THEREOF. IF THIS PROXY IS PROPERLY EXECUTED BUT NO DIRECTION IS MADE AS REGARDS THE
PROPOSAL INCLUDED IN THE PROXY STATEMENT, SUCH VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE
CAST FOR SUCH PROPOSAL.
Please refer to the Proxy Statement for a discussion of the Proposal.
PLEASE VOTE, DATE AND SIGN ON THE REVERSE SIDE HEREOF
AND RETURN THE SIGNED PROXY PROMPTLY IN THE ENCLOSED ENVELOPE.
NOTE: Please sign this proxy exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
|
|
|
HAS YOUR ADDRESS CHANGED?
|
|
DO YOU HAVE ANY COMMENTS? |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three simple methods to vote your proxy:
|
|
|
Internet:
|
|
Log on to www.proxyonline.com. Make sure to have this proxy card
available when you plan to vote your shares. You will need the
control number found in the box at the right at the time you
execute your vote. |
|
|
|
Touchtone
Phone
|
|
Simply dial toll-free 1-800-690-6903 and follow
the automated instructions. Please have this
proxy card available at the time of the call. |
|
|
|
Mail:
|
|
Simply sign, date, and complete the reverse side
of this proxy card and return it in the postage
paid envelope provided. |
PIMCO MUNICIPAL INCOME FUND II
COMMON SHARES
Using a black ink pen, mark your votes with an X as shown
in this example. Please do not write outside the designated areas. þ
ANNUAL MEETING PROXY CARD
A. Election of Trustees The Board of Trustees urges you to vote FOR the election of the
Nominees.
1. Nominees:
|
|
|
|
|
(07) Paul Belica (Class II)
|
|
FOR o
|
|
WITHHOLD o |
|
|
|
|
|
(08) Alan Rappaport (Class I)
|
|
FOR o
|
|
WITHHOLD o |
2. To vote and otherwise represent the undersigned on any other business that may properly come
before the Annual Meeting or any adjournments or postponements thereof, in the discretion of the
proxy holder(s).
B. Non-Voting Items
|
|
|
Change of Address Please print new address below.
|
|
|
|
|
|
|
|
|
|
|
|
Comments Please print your comments below. |
|
|
|
|
|
|
|
|
C. Authorized Signatures This section must be completed for your vote to be counted. Date
and Sign Below
Please sign this proxy card exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
Date (mm/dd/yyyy) Pls print date below.
__/__/__
|
|
|
Signature 1 Please keep signature within the box.
|
|
|
|
|
|
|
|
|
|
|
|
Signature 2 Please keep signature within the box. |
|
|
|
|
|
|
|
|
PROXY
PIMCO MUNICIPAL INCOME FUND II
PREFERRED SHARES
PROXY IN CONNECTION WITH THE ANNUAL MEETING OF
SHAREHOLDERS TO BE HELD ON DECEMBER 14, 2010
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF THE FUND
The undersigned holder of preferred shares of PIMCO Municipal Income Fund II, a Massachusetts
business trust (the Fund), hereby appoints Lawrence G. Altadonna, Thomas J. Fuccillo and Brian S.
Shlissel, or any of them, as proxies for the undersigned, with full power of substitution in each
of them, to attend the Annual Meeting of Shareholders of the Fund (the Annual Meeting) to be held
at 9:30 a.m., Eastern Time, December 14, 2010 at the offices of Allianz Global Investors Fund
Management LLC, 1345 Avenue of the Americas, between West 54th and West 55th
Streets, 49th Floor, New York, New York 10105, and any postponement or adjournment thereof, to cast
on behalf of the undersigned all votes that the undersigned is entitled to cast at the Annual
Meeting and otherwise to represent the undersigned with all powers possessed by the undersigned if
personally present at such Annual Meeting. The undersigned hereby acknowledges receipt of the
Notice of Meeting and accompanying Proxy Statement and revokes any proxy heretofore given with
respect to the Annual Meeting.
IF THIS PROXY IS PROPERLY EXECUTED, THE VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE CAST
IN THE MANNER DIRECTED ON THE REVERSE SIDE HEREOF, AND WILL BE VOTED IN THE DISCRETION OF THE PROXY
HOLDER(S) ON ANY OTHER MATTERS THAT MAY PROPERLY COME BEFORE THE ANNUAL MEETING OR ANY ADJOURNMENT
OR POSTPONEMENT THEREOF. IF THIS PROXY IS PROPERLY EXECUTED BUT NO DIRECTION IS MADE AS REGARDS THE
PROPOSAL INCLUDED IN THE PROXY STATEMENT, SUCH VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE
CAST FOR SUCH PROPOSAL.
Please refer to the Proxy Statement for a discussion of the Proposal.
PLEASE VOTE, DATE AND SIGN ON THE REVERSE SIDE HEREOF
AND RETURN THE SIGNED PROXY PROMPTLY IN THE ENCLOSED ENVELOPE.
NOTE: Please sign this proxy exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
|
|
|
HAS YOUR ADDRESS CHANGED?
|
|
DO YOU HAVE ANY COMMENTS? |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three simple methods to vote your proxy:
|
|
|
Internet:
|
|
Log on to www.proxyonline.com. Make sure to have this proxy card
available when you plan to vote your shares. You will need the
control number found in the box at the right at the time you
execute your vote. |
|
|
|
Touchtone
Phone
|
|
Simply dial toll-free 1-800-690-6903 and follow
the automated instructions. Please have this
proxy card available at the time of the call. |
|
|
|
Mail:
|
|
Simply sign, date, and complete the reverse side
of this proxy card and return it in the postage
paid envelope provided. |
PIMCO MUNICIPAL INCOME FUND II
PREFERRED SHARES
Using a black ink pen, mark your votes with an X as shown
in this example. Please do not write outside the designated areas. þ
ANNUAL MEETING PROXY CARD
A. Election of Trustees The Board of Trustees urges you to vote FOR the election of the
Nominees.
1. Nominees:
|
|
|
|
|
(01) Paul Belica (Class II)
|
|
FOR o
|
|
WITHHOLD o |
|
|
|
|
|
(02) James A. Jacobson (Class II)
|
|
FOR o
|
|
WITHHOLD o |
|
|
|
|
|
(03) Alan Rappaport (Class I)
|
|
FOR o
|
|
WITHHOLD o |
2. To vote and otherwise represent the undersigned on any other business that may properly come
before the Annual Meeting or any adjournments or postponements thereof, in the discretion of the
proxy holder(s).
B. Non-Voting Items
|
|
|
Change of Address Please print new address below. |
|
|
|
|
|
|
|
|
|
|
|
Comments Please print your comments below.
|
|
|
|
|
|
|
|
|
C. Authorized Signatures This section must be completed for your vote to be counted. Date
and Sign Below
Please sign this proxy card exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
Date (mm/dd/yyyy) Pls print date below.
__/__/__
|
|
|
Signature 1 Please keep signature within the box. |
|
|
|
|
|
|
|
|
|
|
|
Signature 2 Please keep signature within the box.
|
|
|
|
|
|
|
|
|
PROXY
PIMCO CALIFORNIA MUNICIPAL INCOME FUND II
COMMON SHARES
PROXY IN CONNECTION WITH THE ANNUAL MEETING OF
SHAREHOLDERS TO BE HELD ON DECEMBER 14, 2010
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF THE FUND
The undersigned holder of common shares of PIMCO California Municipal Income Fund II, a
Massachusetts business trust (the Fund), hereby appoints Lawrence G. Altadonna, Thomas J.
Fuccillo and Brian S. Shlissel, or any of them, as proxies for the undersigned, with full power of
substitution in each of them, to attend the Annual Meeting of Shareholders of the Fund (the Annual
Meeting) to be held at 9:30 a.m., Eastern Time, December 14, 2010 at the offices of Allianz Global
Investors Fund Management LLC, 1345 Avenue of the Americas, between West 54th and West
55th streets, 49th Floor, New York, New York 10105, and any postponement or adjournment
thereof, to cast on behalf of the undersigned all votes that the undersigned is entitled to cast at
the Annual Meeting and otherwise to represent the undersigned with all powers possessed by the
undersigned if personally present at such Annual Meeting. The undersigned hereby acknowledges
receipt of the Notice of Meeting and accompanying Proxy Statement and revokes any proxy heretofore
given with respect to the Annual Meeting.
IF THIS PROXY IS PROPERLY EXECUTED, THE VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE CAST
IN THE MANNER DIRECTED ON THE REVERSE SIDE HEREOF, AND WILL BE VOTED IN THE DISCRETION OF THE PROXY
HOLDER(S) ON ANY OTHER MATTERS THAT MAY PROPERLY COME BEFORE THE ANNUAL MEETING OR ANY ADJOURNMENT
OR POSTPONEMENT THEREOF. IF THIS PROXY IS PROPERLY EXECUTED BUT NO DIRECTION IS MADE AS REGARDS THE
PROPOSAL INCLUDED IN THE PROXY STATEMENT, SUCH VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE
CAST FOR SUCH PROPOSAL.
Please refer to the Proxy Statement for a discussion of the Proposal.
PLEASE VOTE, DATE AND SIGN ON THE REVERSE SIDE HEREOF
AND RETURN THE SIGNED PROXY PROMPTLY IN THE ENCLOSED ENVELOPE.
NOTE: Please sign this proxy exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
|
|
|
HAS YOUR ADDRESS CHANGED?
|
|
DO YOU HAVE ANY COMMENTS? |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three simple methods to vote your proxy:
|
|
|
Internet:
|
|
Log on to www.proxyonline.com. Make sure to have this proxy card
available when you plan to vote your shares. You will need the
control number found in the box at the right at the time you
execute your vote. |
|
|
|
Touchtone
Phone
|
|
Simply dial toll-free 1-800-690-6903 and follow
the automated instructions. Please have this
proxy card available at the time of the call. |
|
|
|
Mail:
|
|
Simply sign, date, and complete the reverse side
of this proxy card and return it in the postage
paid envelope provided. |
PIMCO CALIFORNIA MUNICIPAL INCOME FUND II
COMMON SHARES
Using a black ink pen, mark your votes with an X as shown
in this example. Please do not write outside the designated areas. þ
ANNUAL MEETING PROXY CARD
A. Election of Trustees The Board of Trustees urges you to vote FOR the election of the
Nominees.
1. Nominees:
|
|
|
|
|
(09) Paul Belica (Class II)
|
|
FOR o
|
|
WITHHOLD o |
|
|
|
|
|
(10) Alan Rappaport (Class I)
|
|
FOR o
|
|
WITHHOLD o |
2. To vote and otherwise represent the undersigned on any other business that may properly come
before the Annual Meeting or any adjournments or postponements thereof, in the discretion of the
proxy holder(s).
B. Non-Voting Items
|
|
|
Change of Address Please print new address below. |
|
|
|
|
|
|
|
|
|
|
|
Comments Please print your comments below. |
|
|
|
|
|
|
|
|
C. Authorized Signatures This section must be completed for your vote to be counted. Date
and Sign Below
Please sign this proxy card exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
Date (mm/dd/yyyy) Pls print date below.
__/__/__
|
|
|
Signature 1 Please keep signature within the box. |
|
|
|
|
|
|
|
|
|
|
|
Signature 2 Please keep signature within the box. |
|
|
|
|
|
|
|
|
PROXY
PIMCO CALIFORNIA MUNICIPAL INCOME FUND II
PREFERRED SHARES
PROXY IN CONNECTION WITH THE ANNUAL MEETING OF
SHAREHOLDERS TO BE HELD ON DECEMBER 14, 2010
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF THE FUND
The undersigned holder of preferred shares of PIMCO California Municipal Income Fund II, a
Massachusetts business trust (the Fund), hereby appoints Lawrence G. Altadonna, Thomas J.
Fuccillo and Brian S. Shlissel, or any of them, as proxies for the undersigned, with full power of
substitution in each of them, to attend the Annual Meeting of Shareholders of the Fund (the Annual
Meeting) to be held at 9:30 a.m., Eastern Time, December 14, 2010 at the offices of Allianz Global
Investors Fund Management LLC, 1345 Avenue of the Americas, between West 54th and West
55th Streets, 49th Floor, New York, New York 10105, and any postponement or adjournment
thereof, to cast on behalf of the undersigned all votes that the undersigned is entitled to cast at
the Annual Meeting and otherwise to represent the undersigned with all powers possessed by the
undersigned if personally present at such Annual Meeting. The undersigned hereby acknowledges
receipt of the Notice of Meeting and accompanying Proxy Statement and revokes any proxy heretofore
given with respect to the Annual Meeting.
IF THIS PROXY IS PROPERLY EXECUTED, THE VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE CAST
IN THE MANNER DIRECTED ON THE REVERSE SIDE HEREOF, AND WILL BE VOTED IN THE DISCRETION OF THE PROXY
HOLDER(S) ON ANY OTHER MATTERS THAT MAY PROPERLY COME BEFORE THE ANNUAL MEETING OR ANY ADJOURNMENT
OR POSTPONEMENT THEREOF. IF THIS PROXY IS PROPERLY EXECUTED BUT NO DIRECTION IS MADE AS REGARDS THE
PROPOSAL INCLUDED IN THE PROXY STATEMENT, SUCH VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE
CAST FOR SUCH PROPOSAL.
Please refer to the Proxy Statement for a discussion of the Proposal.
PLEASE VOTE, DATE AND SIGN ON THE REVERSE SIDE HEREOF
AND RETURN THE SIGNED PROXY PROMPTLY IN THE ENCLOSED ENVELOPE.
NOTE: Please sign this proxy exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
|
|
|
HAS YOUR ADDRESS CHANGED?
|
|
DO YOU HAVE ANY COMMENTS? |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three simple methods to vote your proxy:
|
|
|
Internet:
|
|
Log on to www.proxyonline.com. Make sure to have this proxy card
available when you plan to vote your shares. You will need the
control number found in the box at the right at the time you
execute your vote. |
|
|
|
Touchtone
Phone
|
|
Simply dial toll-free 1-800-690-6903 and follow
the automated instructions. Please have this
proxy card available at the time of the call. |
|
|
|
Mail:
|
|
Simply sign, date, and complete the reverse side
of this proxy card and return it in the postage
paid envelope provided. |
PIMCO CALIFORNIA MUNICIPAL INCOME FUND II
PREFERRED SHARES
Using a black ink pen, mark your votes with an X as shown
in this example. Please do not write outside the designated areas. þ
ANNUAL MEETING PROXY CARD
A. Election of Trustees The Board of Trustees urges you to vote FOR the election of the
Nominees.
1. Nominees:
|
|
|
|
|
(01) Paul Belica (Class II)
|
|
FOR o
|
|
WITHHOLD o |
|
|
|
|
|
(02) James A. Jacobson (Class II)
|
|
FOR o
|
|
WITHHOLD o |
|
|
|
|
|
(03) Alan Rappaport (Class I)
|
|
FOR o
|
|
WITHHOLD o |
2. To vote and otherwise represent the undersigned on any other business that may properly come
before the Annual Meeting or any adjournments or postponements thereof, in the discretion of the
proxy holder(s).
B. Non-Voting Items
|
|
|
Change of Address Please print new address below.
|
|
|
|
|
|
|
|
|
|
|
|
Comments Please print your comments below. |
|
|
|
|
|
|
|
|
C. Authorized Signatures This section must be completed for your vote to be counted. Date
and Sign Below
Please sign this proxy card exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
Date (mm/dd/yyyy) Pls print date below.
__/__/__
|
|
|
Signature 1 Please keep signature within the box. |
|
|
|
|
|
|
|
|
|
|
|
Signature 2 Please keep signature within the box.
|
|
|
|
|
|
|
|
|
PROXY
PIMCO NEW YORK MUNICIPAL INCOME FUND II
COMMON SHARES
PROXY IN CONNECTION WITH THE ANNUAL MEETING OF
SHAREHOLDERS TO BE HELD ON DECEMBER 14, 2010
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF THE FUND
The undersigned holder of common shares of PIMCO New York Municipal Income Fund II, a Massachusetts
business trust (the Fund), hereby appoints Lawrence G. Altadonna, Thomas J. Fuccillo and Brian S.
Shlissel, or any of them, as proxies for the undersigned, with full power of substitution in each
of them, to attend the Annual Meeting of Shareholders of the Fund (the Annual Meeting) to be held
at 9:30 a.m., Eastern Time, December 14, 2010 at the offices of Allianz Global Investors Fund
Management LLC, 1345 Avenue of the Americas, between West 54th and West 55th
streets, 49th Floor, New York, New York 10105, and any postponement or adjournment thereof, to cast
on behalf of the undersigned all votes that the undersigned is entitled to cast at the Annual
Meeting and otherwise to represent the undersigned with all powers possessed by the undersigned if
personally present at such Annual Meeting. The undersigned hereby acknowledges receipt of the
Notice of Meeting and accompanying Proxy Statement and revokes any proxy heretofore given with
respect to the Annual Meeting.
IF THIS PROXY IS PROPERLY EXECUTED, THE VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE CAST
IN THE MANNER DIRECTED ON THE REVERSE SIDE HEREOF, AND WILL BE VOTED IN THE DISCRETION OF THE PROXY
HOLDER(S) ON ANY OTHER MATTERS THAT MAY PROPERLY COME BEFORE THE ANNUAL MEETING OR ANY ADJOURNMENT
OR POSTPONEMENT THEREOF. IF THIS PROXY IS PROPERLY EXECUTED BUT NO DIRECTION IS MADE AS REGARDS THE
PROPOSAL INCLUDED IN THE PROXY STATEMENT, SUCH VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE
CAST FOR SUCH PROPOSAL.
Please refer to the Proxy Statement for a discussion of the Proposal.
PLEASE VOTE, DATE AND SIGN ON THE REVERSE SIDE HEREOF
AND RETURN THE SIGNED PROXY PROMPTLY IN THE ENCLOSED ENVELOPE.
NOTE: Please sign this proxy exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
|
|
|
HAS YOUR ADDRESS CHANGED?
|
|
DO YOU HAVE ANY COMMENTS? |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three simple methods to vote your proxy:
|
|
|
Internet:
|
|
Log on to www.proxyonline.com. Make sure to have this proxy card
available when you plan to vote your shares. You will need the
control number found in the box at the right at the time you
execute your vote. |
|
|
|
Touchtone
Phone
|
|
Simply dial toll-free 1-800-690-6903 and follow
the automated instructions. Please have this
proxy card available at the time of the call. |
|
|
|
Mail:
|
|
Simply sign, date, and complete the reverse side
of this proxy card and return it in the postage
paid envelope provided. |
PIMCO NEW YORK MUNICIPAL INCOME FUND II
COMMON SHARES
Using a black ink pen, mark your votes with an X as shown
in this example. Please do not write outside the designated areas. þ
ANNUAL MEETING PROXY CARD
A. Election of Trustees The Board of Trustees urges you to vote FOR the election of the
Nominees.
1. Nominees:
|
|
|
|
|
(11) Paul Belica (Class II)
|
|
FOR o
|
|
WITHHOLD o |
|
|
|
|
|
(12) Alan Rappaport (Class I)
|
|
FOR o
|
|
WITHHOLD o |
2. To vote and otherwise represent the undersigned on any other business that may properly come
before the Annual Meeting or any adjournments or postponements thereof, in the discretion of the
proxy holder(s).
B. Non-Voting Items
|
|
|
Change of Address Please print new address below. |
|
|
|
|
|
|
|
|
|
|
|
Comments Please print your comments below. |
|
|
|
|
|
|
|
|
C. Authorized Signatures This section must be completed for your vote to be counted. Date
and Sign Below
Please sign this proxy card exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
Date (mm/dd/yyyy) Pls print date below.
__/__/__
|
|
|
Signature 1 Please keep signature within the box. |
|
|
|
|
|
|
|
|
|
|
|
Signature 2 Please keep signature within the box. |
|
|
|
|
|
|
|
|
PROXY
PIMCO NEW YORK MUNICIPAL INCOME FUND II
PREFERRED SHARES
PROXY IN CONNECTION WITH THE ANNUAL MEETING OF
SHAREHOLDERS TO BE HELD ON DECEMBER 14, 2010
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF THE FUND
The undersigned holder of preferred shares of PIMCO New York Municipal Income Fund II, a
Massachusetts business trust (the Fund), hereby appoints Lawrence G. Altadonna, Thomas J.
Fuccillo and Brian S. Shlissel, or any of them, as proxies for the undersigned, with full power of
substitution in each of them, to attend the Annual Meeting of Shareholders of the Fund (the Annual
Meeting) to be held at 9:30 a.m., Eastern Time, December 14, 2010 at the offices of Allianz Global
Investors Fund Management LLC, 1345 Avenue of the Americas, between West 54th and West
55th Streets, 49th Floor, New York, New York 10105, and any postponement or adjournment
thereof, to cast on behalf of the undersigned all votes that the undersigned is entitled to cast at
the Annual Meeting and otherwise to represent the undersigned with all powers possessed by the
undersigned if personally present at such Annual Meeting. The undersigned hereby acknowledges
receipt of the Notice of Meeting and accompanying Proxy Statement and revokes any proxy heretofore
given with respect to the Annual Meeting.
IF THIS PROXY IS PROPERLY EXECUTED, THE VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE CAST
IN THE MANNER DIRECTED ON THE REVERSE SIDE HEREOF, AND WILL BE VOTED IN THE DISCRETION OF THE PROXY
HOLDER(S) ON ANY OTHER MATTERS THAT MAY PROPERLY COME BEFORE THE ANNUAL MEETING OR ANY ADJOURNMENT
OR POSTPONEMENT THEREOF. IF THIS PROXY IS PROPERLY EXECUTED BUT NO DIRECTION IS MADE AS REGARDS THE
PROPOSAL INCLUDED IN THE PROXY STATEMENT, SUCH VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE
CAST FOR SUCH PROPOSAL.
Please refer to the Proxy Statement for a discussion of the Proposal.
PLEASE VOTE, DATE AND SIGN ON THE REVERSE SIDE HEREOF
AND RETURN THE SIGNED PROXY PROMPTLY IN THE ENCLOSED ENVELOPE.
NOTE: Please sign this proxy exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
|
|
|
HAS YOUR ADDRESS CHANGED?
|
|
DO YOU HAVE ANY COMMENTS? |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three simple methods to vote your proxy:
|
|
|
Internet:
|
|
Log on to www.proxyonline.com. Make sure to have this proxy card
available when you plan to vote your shares. You will need the
control number found in the box at the right at the time you
execute your vote. |
|
|
|
Touchtone
Phone
|
|
Simply dial toll-free 1-800-690-6903 and follow
the automated instructions. Please have this
proxy card available at the time of the call. |
|
|
|
Mail:
|
|
Simply sign, date, and complete the reverse side
of this proxy card and return it in the postage
paid envelope provided. |
PIMCO NEW YORK MUNICIPAL INCOME FUND II
PREFERRED SHARES
Using a black ink pen, mark your votes with an X as shown
in this example. Please do not write outside the designated areas. þ
ANNUAL MEETING PROXY CARD
A. Election of Trustees The Board of Trustees urges you to vote FOR the election of the
Nominees.
1. Nominees:
|
|
|
|
|
(01) Paul Belica (Class II)
|
|
FOR o
|
|
WITHHOLD o |
|
|
|
|
|
(02) James A. Jacobson (Class II)
|
|
FOR o
|
|
WITHHOLD o |
|
|
|
|
|
(03) Alan Rappaport (Class I)
|
|
FOR o
|
|
WITHHOLD o |
2. To vote and otherwise represent the undersigned on any other business that may properly come
before the Annual Meeting or any adjournments or postponements thereof, in the discretion of the
proxy holder(s).
B. Non-Voting Items
|
|
|
Change of Address Please print new address below. |
|
|
|
|
|
|
|
|
|
|
|
Comments Please print your comments below. |
|
|
|
|
|
|
|
|
C. Authorized Signatures This section must be completed for your vote to be counted. Date
and Sign Below
Please sign this proxy card exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
Date (mm/dd/yyyy) Pls print date below.
__/__/__
|
|
|
Signature 1 Please keep signature within the box. |
|
|
|
|
|
|
|
|
|
|
|
Signature 2 Please keep signature within the box. |
|
|
|
|
|
|
|
|
PROXY
PIMCO MUNICIPAL INCOME FUND III
PREFERRED SHARES
PROXY IN CONNECTION WITH THE ANNUAL MEETING OF
SHAREHOLDERS TO BE HELD ON DECEMBER 14, 2010
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF THE FUND
The undersigned holder of preferred shares of PIMCO Municipal Income Fund III, a Massachusetts
business trust (the Fund), hereby appoints Lawrence G. Altadonna, Thomas J. Fuccillo and Brian S.
Shlissel, or any of them, as proxies for the undersigned, with full power of substitution in each
of them, to attend the Annual Meeting of Shareholders of the Fund (the Annual Meeting) to be held
at 9:30 a.m., Eastern Time, December 14, 2010 at the offices of Allianz Global Investors Fund
Management LLC, 1345 Avenue of the Americas, between West 54th and West 55th
Streets, 49th Floor, New York, New York 10105, and any postponement or adjournment thereof, to cast
on behalf of the undersigned all votes that the undersigned is entitled to cast at the Annual
Meeting and otherwise to represent the undersigned with all powers possessed by the undersigned if
personally present at such Annual Meeting. The undersigned hereby acknowledges receipt of the
Notice of Meeting and accompanying Proxy Statement and revokes any proxy heretofore given with
respect to the Annual Meeting.
IF THIS PROXY IS PROPERLY EXECUTED, THE VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE CAST
IN THE MANNER DIRECTED ON THE REVERSE SIDE HEREOF, AND WILL BE VOTED IN THE DISCRETION OF THE PROXY
HOLDER(S) ON ANY OTHER MATTERS THAT MAY PROPERLY COME BEFORE THE ANNUAL MEETING OR ANY ADJOURNMENT
OR POSTPONEMENT THEREOF. IF THIS PROXY IS PROPERLY EXECUTED BUT NO DIRECTION IS MADE AS REGARDS THE
PROPOSAL INCLUDED IN THE PROXY STATEMENT, SUCH VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE
CAST FOR SUCH PROPOSAL.
Please refer to the Proxy Statement for a discussion of the Proposal.
PLEASE VOTE, DATE AND SIGN ON THE REVERSE SIDE HEREOF
AND RETURN THE SIGNED PROXY PROMPTLY IN THE ENCLOSED ENVELOPE.
NOTE: Please sign this proxy exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
|
|
|
HAS YOUR ADDRESS CHANGED?
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DO YOU HAVE ANY COMMENTS? |
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Three simple methods to vote your proxy:
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Internet:
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Log on to www.proxyonline.com. Make sure to have this proxy card
available when you plan to vote your shares. You will need the
control number found in the box at the right at the time you
execute your vote. |
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Touchtone
Phone
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Simply dial toll-free 1-800-690-6903 and follow
the automated instructions. Please have this
proxy card available at the time of the call. |
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Mail:
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Simply sign, date, and complete the reverse side
of this proxy card and return it in the postage
paid envelope provided. |
PIMCO MUNICIPAL INCOME FUND III
PREFERRED SHARES
Using a black ink pen, mark your votes with an X as shown
in this example. Please do not write outside the designated areas. þ
ANNUAL MEETING PROXY CARD
A. Election of Trustees The Board of Trustees urges you to vote FOR the election of the
Nominees.
1. Nominees:
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(01) James A. Jacobson (Class II)
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FOR o
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WITHHOLD o |
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(02) Alan Rappaport (Class I)
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FOR o
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WITHHOLD o |
2. To vote and otherwise represent the undersigned on any other business that may properly come
before the Annual Meeting or any adjournments or postponements thereof, in the discretion of the
proxy holder(s).
B. Non-Voting Items
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Change of Address Please print new address below. |
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Comments Please print your comments below. |
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C. Authorized Signatures This section must be completed for your vote to be counted. Date
and Sign Below
Please sign this proxy card exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
Date (mm/dd/yyyy) Pls print date below.
__/__/__
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Signature 1 Please keep signature within the box. |
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Signature 2 Please keep signature within the box. |
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PROXY
PIMCO CALIFORNIA MUNICIPAL INCOME FUND III
PREFERRED SHARES
PROXY IN CONNECTION WITH THE ANNUAL MEETING OF
SHAREHOLDERS TO BE HELD ON DECEMBER 14, 2010
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF THE FUND
The undersigned holder of preferred shares of PIMCO California Municipal Income Fund III, a
Massachusetts business trust (the Fund), hereby appoints Lawrence G. Altadonna, Thomas J.
Fuccillo and Brian S. Shlissel, or any of them, as proxies for the undersigned, with full power of
substitution in each of them, to attend the Annual Meeting of Shareholders of the Fund (the Annual
Meeting) to be held at 9:30 a.m., Eastern Time, December 14, 2010 at the offices of Allianz Global
Investors Fund Management LLC, 1345 Avenue of the Americas, between West 54th and West
55th Streets, 49th Floor, New York, New York 10105, and any postponement or adjournment
thereof, to cast on behalf of the undersigned all votes that the undersigned is entitled to cast at
the Annual Meeting and otherwise to represent the undersigned with all powers possessed by the
undersigned if personally present at such Annual Meeting. The undersigned hereby acknowledges
receipt of the Notice of Meeting and accompanying Proxy Statement and revokes any proxy heretofore
given with respect to the Annual Meeting.
IF THIS PROXY IS PROPERLY EXECUTED, THE VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE CAST
IN THE MANNER DIRECTED ON THE REVERSE SIDE HEREOF, AND WILL BE VOTED IN THE DISCRETION OF THE PROXY
HOLDER(S) ON ANY OTHER MATTERS THAT MAY PROPERLY COME BEFORE THE ANNUAL MEETING OR ANY ADJOURNMENT
OR POSTPONEMENT THEREOF. IF THIS PROXY IS PROPERLY EXECUTED BUT NO DIRECTION IS MADE AS REGARDS THE
PROPOSAL INCLUDED IN THE PROXY STATEMENT, SUCH VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE
CAST FOR SUCH PROPOSAL.
Please refer to the Proxy Statement for a discussion of the Proposal.
PLEASE VOTE, DATE AND SIGN ON THE REVERSE SIDE HEREOF
AND RETURN THE SIGNED PROXY PROMPTLY IN THE ENCLOSED ENVELOPE.
NOTE: Please sign this proxy exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
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HAS YOUR ADDRESS CHANGED?
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DO YOU HAVE ANY COMMENTS? |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three simple methods to vote your proxy:
|
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|
Internet:
|
|
Log on to www.proxyonline.com. Make sure to have this proxy card
available when you plan to vote your shares. You will need the
control number found in the box at the right at the time you
execute your vote. |
|
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|
Touchtone
Phone
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Simply dial toll-free 1-800-690-6903 and follow
the automated instructions. Please have this
proxy card available at the time of the call. |
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Mail:
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Simply sign, date, and complete the reverse side
of this proxy card and return it in the postage
paid envelope provided. |
PIMCO CALIFORNIA MUNICIPAL INCOME FUND III
PREFERRED SHARES
Using a black ink pen, mark your votes with an X as shown
in this example. Please do not write outside the designated areas. þ
ANNUAL MEETING PROXY CARD
A. Election of Trustees The Board of Trustees urges you to vote FOR the election of the
Nominees.
1. Nominees:
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(01) James A. Jacobson (Class II)
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FOR o
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WITHHOLD o |
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(02) Alan Rappaport (Class I)
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FOR o
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WITHHOLD o |
2. To vote and otherwise represent the undersigned on any other business that may properly come
before the Annual Meeting or any adjournments or postponements thereof, in the discretion of the
proxy holder(s).
B. Non-Voting Items
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Change of Address Please print new address below. |
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Comments Please print your comments below. |
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C. Authorized Signatures This section must be completed for your vote to be counted. Date
and Sign Below
Please sign this proxy card exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
Date (mm/dd/yyyy) Pls print date below.
__/__/__
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Signature 1 Please keep signature within the box. |
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Signature 2 Please keep signature within the box. |
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PROXY
PIMCO NEW YORK MUNICIPAL INCOME FUND III
PREFERRED SHARES
PROXY IN CONNECTION WITH THE ANNUAL MEETING OF
SHAREHOLDERS TO BE HELD ON DECEMBER 14, 2010
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF THE FUND
The undersigned holder of preferred shares of PIMCO New York Municipal Income Fund III, a
Massachusetts business trust (the Fund), hereby appoints Lawrence G. Altadonna, Thomas J.
Fuccillo and Brian S. Shlissel, or any of them, as proxies for the undersigned, with full power of
substitution in each of them, to attend the Annual Meeting of Shareholders of the Fund (the Annual
Meeting) to be held at 9:30 a.m., Eastern Time, December 14, 2010 at the offices of Allianz Global
Investors Fund Management LLC, 1345 Avenue of the Americas, between West 54th and West
55th Streets, 49th Floor, New York, New York 10105, and any postponement or adjournment
thereof, to cast on behalf of the undersigned all votes that the undersigned is entitled to cast at
the Annual Meeting and otherwise to represent the undersigned with all powers possessed by the
undersigned if personally present at such Annual Meeting. The undersigned hereby acknowledges
receipt of the Notice of Meeting and accompanying Proxy Statement and revokes any proxy heretofore
given with respect to the Annual Meeting.
IF THIS PROXY IS PROPERLY EXECUTED, THE VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE CAST
IN THE MANNER DIRECTED ON THE REVERSE SIDE HEREOF, AND WILL BE VOTED IN THE DISCRETION OF THE PROXY
HOLDER(S) ON ANY OTHER MATTERS THAT MAY PROPERLY COME BEFORE THE ANNUAL MEETING OR ANY ADJOURNMENT
OR POSTPONEMENT THEREOF. IF THIS PROXY IS PROPERLY EXECUTED BUT NO DIRECTION IS MADE AS REGARDS THE
PROPOSAL INCLUDED IN THE PROXY STATEMENT, SUCH VOTES ENTITLED TO BE CAST BY THE UNDERSIGNED WILL BE
CAST FOR SUCH PROPOSAL.
Please refer to the Proxy Statement for a discussion of the Proposal.
PLEASE VOTE, DATE AND SIGN ON THE REVERSE SIDE HEREOF
AND RETURN THE SIGNED PROXY PROMPTLY IN THE ENCLOSED ENVELOPE.
NOTE: Please sign this proxy exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
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HAS YOUR ADDRESS CHANGED?
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DO YOU HAVE ANY COMMENTS? |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Three simple methods to vote your proxy:
|
|
|
Internet:
|
|
Log on to www.proxyonline.com. Make sure to have this proxy card
available when you plan to vote your shares. You will need the
control number found in the box at the right at the time you
execute your vote. |
|
|
|
Touchtone
Phone
|
|
Simply dial toll-free 1-800-690-6903 and follow
the automated instructions. Please have this
proxy card available at the time of the call. |
|
|
|
Mail:
|
|
Simply sign, date, and complete the reverse side
of this proxy card and return it in the postage
paid envelope provided. |
PIMCO NEW YORK MUNICIPAL INCOME FUND III
PREFERRED SHARES
Using a black ink pen, mark your votes with an X as shown
in this example. Please do not write outside the designated areas. þ
ANNUAL MEETING PROXY CARD
A. Election of Trustees The Board of Trustees urges you to vote FOR the election of the
Nominees.
1. Nominees:
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(01) James A. Jacobson (Class II)
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FOR o
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WITHHOLD o |
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(02) Alan Rappaport (Class I)
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FOR o
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WITHHOLD o |
2. To vote and otherwise represent the undersigned on any other business that may properly come
before the Annual Meeting or any adjournments or postponements thereof, in the discretion of the
proxy holder(s).
B. Non-Voting Items
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Change of Address Please print new address below. |
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|
|
|
|
|
|
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Comments Please print your comments below. |
|
|
|
|
|
|
|
|
C. Authorized Signatures This section must be completed for your vote to be counted. Date
and Sign Below
Please sign this proxy card exactly as your name(s) appear(s) on the books of the Fund. Joint
owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in
which they sign, and where more than one name appears, a majority must sign. If a corporation, the
signature should be that of an authorized officer who should state his or her title.
Date (mm/dd/yyyy) Pls print date below.
__/__/__
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Signature 1 Please keep signature within the box. |
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Signature 2 Please keep signature within the box. |
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