PNI - PIMCO New York Municipal Income Fund II

What this means for you

Saba owned more than 5% of this fund and has since sold down below that level, so it no longer has to report its holding.

Nothing is required of you. If a large investor buys in again, the notice appears here the day it is filed.

Email me if this changes

What happened, and when

1. Sept 15, 2026

   The fund said it will repay some borrowed money on Oct 30, 2026.

   Original document →

2. July 24, 2026

   The fund said it will repay some borrowed money.

   Original document →

3. Jan 23, 2026

   The fund said it will repay some borrowed money on March 31, 2026.

   Original document →

4. Jan 13, 2026

   Saba sold down below 5% and stopped reporting.

   Original document →

5. Aug 7, 2025

   Saba now owns 5.2%, as a passive investor.

   Original document →

About this fund

• Run by Pacific Investment Management Company LLC. Part of the PIMCO fund family. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Size: about $190 million of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 39% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. About 87% of that is money the fund has borrowed by selling preferred shares. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 0.9% a year in management fees; 2.9% a year in total, including interest on borrowed money. Fiscal year ended Dec 31, 2025. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended Dec 31, 2025) the fund paid $0.35 a share. $0.32 of that was income; $0.03 was your own money back, not income. As of Dec 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Dec 31, 2025): $7.82. The shares traded at $6.89, about 11.9% below that. As of Dec 31, 2025, from the fund's yearly report. Original document →
• How the holdings did: up 4.8% over the last three months we have (April-June 2026), before the share price is taken into account. Over the last 12 months: +11%. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• How the share price did: the shares returned +1.2% over the last fiscal year (ended Dec 31, 2025), counting payouts and the change in the market price. As of Dec 31, 2025, from the fund's annual report. Original document →
• First reported to the regulator in 2002.

What the fund holds

Mostly tax-free municipal bonds (91%), the rest loans. About 100% issued in the U.S.

1. New York State Thruway Authority - 5.6%
2. New York Liberty Development Corp. - 7.1%
3. City of New York NY - 4.3%
4. Port Authority of New York & New Jersey - 3.8%
5. New York City Transitional Finance Authority Future Tax Secured Revenue - 8.9%
6. New York City Municipal Water Finance Authority - 8.3%
7. New York Power Authority - 3.3%
8. New York State Environmental Facilities Corp. - 2.6%
9. New York Transportation Development Corp. - 4.6%
10. TSASC Inc/NY - 2.4%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →