Business Context and Reporting Period
This Form 8-K filing by PIMCO New York Municipal Income Fund II (NYSE: PNI) reports a corporate governance event dated June 16, 2023. The registrant is a closed-end fund incorporated in Massachusetts focused on municipal bonds.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to Item 8.01 (Other Events) regarding management changes and contains no financial performance data.
Material Changes
Effective immediately, the fund has appointed new primary managers for day-to-day operations:
- David Hammer: Managing Director and municipal bond portfolio manager. He rejoined PIMCO in 2015 from Morgan Stanley, where he led municipal trading, risk management, and research. He previously served as a senior vice president and portfolio manager at PIMCO.
- Kyle Christine: Senior Vice President and municipal bond portfolio manager. He has served as a rotating member of PIMCO's Americas portfolio committee. Prior to joining PIMCO in 2017, he was an institutional high yield and taxable municipal bond trader at Morgan Stanley.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary on market conditions, risks, contingencies, or unusual items. The document focuses solely on the personnel announcement.
Key Facts for Investor Verification
- Verify the effective date of the management transition (June 16, 2023).
- Confirm the specific roles and prior experience of David Hammer and Kyle Christine as disclosed.
- Note that this filing does not contain updated financial results or NAV data.