PIMCO New York Municipal Income Fund II removes 20% illiquid securities limit effective Oct. 27
PIMCO New York Municipal Income Fund II (PNI) said that, effective October 27, 2023, its investment guideline limiting investments in securities that are illiquid at the time of investment to 20% of net assets will be removed. The filing does not state the reason for the change or its expected effect on the portfolio.
Key points
- Removed guideline capped illiquid securities at 20% of the Fund's net assets at time of investment
- Change takes effect October 27, 2023
- Filing was signed by Chief Legal Officer Ryan G. Leshaw and dated September 26, 2023
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 26, 2023.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.