PIMCO NY Muni Fund II Completes $6.5M Preferred Share Redemption

summarizeSummary

PIMCO New York Municipal Income Fund II has completed the redemption of 260 preferred shares, a capital management move that reduces its preferred stock obligations.

check_boxKey Events

• Preferred Share Redemption Completed

  PIMCO New York Municipal Income Fund II redeemed 260 Remarketable Variable Rate Munifund Term Preferred Shares (RVMTP Shares) on February 23, 2026.

• Reduction in Preferred Obligations

  The redemption, estimated at $6.5 million, reduces the fund's outstanding preferred stock and associated dividend payments.

• Follows Prior Announcement

  This action finalizes the redemption intent previously disclosed in an N-23C-2 filing on January 23, 2026.

auto_awesomeAnalysis

This Schedule 13D/A confirms the completion of the previously announced redemption of 260 Remarketable Variable Rate Munifund Term Preferred Shares (RVMTP Shares) by PIMCO New York Municipal Income Fund II. The redemption, valued at approximately $6.5 million (assuming a $25,000 liquidation preference per share), reduces the fund's outstanding preferred stock and associated dividend obligations. This capital management action, which follows the N-23C-2 filing on January 23, 2026, where the fund announced its intent to redeem, is generally viewed as a positive step for the fund's capital structure and could benefit common shareholders by reducing senior claims. The completion of this redemption occurs while the stock is trading near its 52-week high, potentially reinforcing investor confidence in the fund's financial management.