Key Takeaways
- • PIMCO's closed-end municipal funds PCQ (PIMCO California Municipal Income Fund), PML (PIMCO Municipal Income Fund II) and PNI (PIMCO New York Municipal Income Fund II) will hold a joint annual shareholder meeting on December 15, 2026, at 8:00 A.M. Pacific Time in Newport Beach, California.
- • Shareholders will vote on the re-election of Alan Rappaport and David Flattum as Trustees of each Fund, with common and preferred shareholders voting together.
- • Preferred shareholders alone will vote on the election of Sonya Morris as Trustee of each Fund; Flattum is classified as an interested trustee due to his PIMCO affiliation.
- • The record date is October 16, 2026, and proxy materials are expected to be mailed on or about November 13, 2026.
- • Outstanding common shares as of the record date were 125,502,528.56 for PML, 56,184,697.90 for PCQ and 23,906,793.02 for PNI.
Summary
PIMCO's three closed-end municipal income funds, PIMCO California Municipal Income Fund (PCQ), PIMCO Municipal Income Fund II (PML) and PIMCO New York Municipal Income Fund II (PNI), have filed a definitive joint proxy statement dated November 3, 2026, ahead of a joint annual meeting of shareholders scheduled for Tuesday, December 15, 2026. The meeting will be held at PIMCO's offices at 650 Newport Center Drive, Newport Beach, California. The Funds' principal executive offices are listed as 1633 Broadway, New York, New York. PIMCO serves as investment manager to each Fund and bears the cost of soliciting proxies.
The agenda is limited to the election of Trustees and any other business that may properly come before the meeting. Alan Rappaport and David Flattum are up for re-election, and both are voted on by common and preferred shareholders together. Sonya Morris is nominated for election as Trustee of each Fund, and that vote is reserved exclusively for the Funds' Remarketable Variable Rate Municipal Term Preferred Shares (RVMTPS) holders. Flattum is identified as an interested person under the Investment Company Act of 1940 because of his affiliation with PIMCO and its affiliates, and he receives no compensation from the Funds for his trustee service.
The Board of each Fund set October 16, 2026 as the record date. Per the proxy statement, outstanding common shares at that date were 125,502,528.56 for PML, 56,184,697.90 for PCQ and 23,906,793.02 for PNI, with preferred shares outstanding of 4,858 for PML, 2,419 for PCQ and 760 for PNI. Each Fund's vote is independent of the others. Proxy materials, including the annual reports for the fiscal year ended December 31, 2025, are being sent to shareholders on or about November 13, 2026, and are also available at pimco.com/closedendfunds. The filing is sourced from stocktitan.net.
The agenda is limited to the election of Trustees and any other business that may properly come before the meeting. Alan Rappaport and David Flattum are up for re-election, and both are voted on by common and preferred shareholders together. Sonya Morris is nominated for election as Trustee of each Fund, and that vote is reserved exclusively for the Funds' Remarketable Variable Rate Municipal Term Preferred Shares (RVMTPS) holders. Flattum is identified as an interested person under the Investment Company Act of 1940 because of his affiliation with PIMCO and its affiliates, and he receives no compensation from the Funds for his trustee service.
The Board of each Fund set October 16, 2026 as the record date. Per the proxy statement, outstanding common shares at that date were 125,502,528.56 for PML, 56,184,697.90 for PCQ and 23,906,793.02 for PNI, with preferred shares outstanding of 4,858 for PML, 2,419 for PCQ and 760 for PNI. Each Fund's vote is independent of the others. Proxy materials, including the annual reports for the fiscal year ended December 31, 2025, are being sent to shareholders on or about November 13, 2026, and are also available at pimco.com/closedendfunds. The filing is sourced from stocktitan.net.
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