PNI CEF — PIMCO New York Municipal Income Fund II

PIMCO New York Municipal Income Fund II (PNI)

Updated November 12, 2026.

PNI is a CEF. Its distribution rate is 5.48%, its trailing-12-month yield is 6.03%, its expense ratio is 1.3235%. Dividend Vision Distribution Safety Score™ is 67/100 (Generally safe). Total return is 78.9% over the past 24.4 years, 1024.6 points behind SPY at 1103.5%.

At the current 5.48% distribution rate, a $10,000 investment would generate approximately $548 per year, or $45.67 per month.

PNI performance versus SPY

As of Nov 12, 2026

Total return is 78.9% over the past 24.4 years, 1024.6 points behind SPY at 1103.5%. Over the past year its total return — price change plus distributions reinvested — is -2.7%. Its deepest 1-year drawdown was 14.4%.

PNI key facts

Distribution Safety Score™

67 · Generally safe

Safety-Adjusted Yield

3.67%

Issuer

PIMCO

Asset type

CEF

Asset class

Fixed Income

Inception date

06/26/2002

Expense ratio

1.3235%

Distribution rate

5.48%

Distribution frequency

Monthly

Trailing yield

6.03%

5-year average yield

5.15

Last close

$6.46 (as of 2026-11-12)

NAV

$7.56; NAV date unknown

Premium / discount

Premium not shown · NAV date unknown

Market cap

$154,437,872

Average volume

26,031

Dividend

$0.0295

Ex-dividend date

11/13/2026

Payment date

12/01/2026

Beta

0.813

AUM unavailable in this published snapshot. Missing values do not mean zero or complete coverage. ?

How Dividend Vision calculates yield and returns

Distribution rate (5.48%) uses latest regular dividend ($0.0295) × 12 ÷ market price dated 2026-11-12; one-off specials excluded; identified recurring supplementals included. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (6.03%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: PIMCO; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

PNI risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 14.4%.

Who may consider PNI — and who may not

PNI may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on PNI

• CEFs going ex-dividend this week
• All tickers starting with P

Tagged: CEF, Municipal, Fixed Income, Tax Efficient.

Frequently asked questions

More securities from PIMCO.