FORM N-Q
     
 
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
     
Investment Company Act File Number:
  811-10379
 
    
Registrant Name:
  PIMCO California Municipal Income Fund
 
    
Address of Principal Executive Offices:
  1345 Avenue of the Americas,
 
  New York, NY 10105
 
    
Name and Address of Agent for Service:
  Lawrence G. Altadonna
 
  1345 Avenue of the Americas,
 
  New York, NY 10105
 
    
Registrant’s telephone number, including area code:
  212-739-3371
 
    
Date of Fiscal Year End:
  April 30, 2009
 
    
Date of Reporting Period:
  July 31, 2008
Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
 
 

 

 

Item 1. Schedule of Investments
PIMCO California Municipal Income Fund Schedule of Investments
July 31, 2008 (unaudited)
                     
Principal                
Amount         Credit Rating      
(000)         (Moody’s/S&P)   Value*  
 
CALIFORNIA MUNICIPAL BONDS & NOTES—88.3%        
$ 1,385    
Alvord Unified School Dist., GO, 5.375%, 8/1/29, Ser. C (FSA)
   Aaa/NR   $ 1,422,520  
  1,000    
Assoc. of Bay Area Gov’t Finance Auth. Rev.,
Poway Housing, 5.375%, 11/15/25 (CA Mtg. Ins.)
   NR/A+     1,015,210  
  1,000    
Channing House Rev., CP, 5.375%, 2/15/19
   NR/BBB     994,030  
  2,250    
Capistrano Unified School Dist., Special Tax,
5.75%, 9/1/29, (Pre-refunded @ $102, 9/1/09) (c)
   NR/NR     2,395,080  
  5,250    
Central JT Powers Health Financing Auth. Rev., CP,
5.75%, 2/1/31, (Pre-refunded @ $101, 2/1/11) (c)
   Baa2/AAA     5,686,012  
       
Contra Costa Cnty. Public Financing Auth., Tax Allocation,
            
  2,150    
5.125%, 8/1/19
   NR/BBB     2,168,038  
  350    
5.85%, 8/1/33
   NR/NR     354,368  
  4,650    
5.85%, 8/1/33, (Pre-refunded @ $100, 8/1/13) (c)
   NR/BBB     5,243,712  
  2,750    
CSUCI Financing Auth. Rev.,
5.00%, 9/1/31, Ser. A, (Pre-refunded @ $100, 9/1/11) (MBIA)(c)
   Aaa/AAA     2,946,982  
  3,635    
Cucamonga Cnty. Water Dist. Rev., CP, 5.125%, 9/1/35 (FGIC)
   Baa3/A+     3,654,084  
       
East Side Union High School Dist., Santa Clara Cnty., GO, Ser. E (XLCA),
            
  1,985    
zero coupon, 8/1/21
   A3/A-     978,506  
  1,490    
zero coupon, 8/1/22
   A3/A-     686,041  
       
El Monte, CP (AMBAC),
            
  10,790    
4.75%, 6/1/30
   Aaa/AAA     10,133,321  
  14,425    
5.25%, 1/1/34
   Aaa/AAA     14,563,624  
       
Foothill Eastern Corridor Agcy. Toll Road Rev.,
            
  5,000    
zero coupon, 1/15/33
   Baa3/BBB-     986,750  
  5,000    
zero coupon, 1/15/34
   Baa3/BBB-     921,100  
       
Fremont Community Dist., Special Tax,
            
  165    
6.00%, 9/1/18
   NR/NR     165,596  
  505    
6.00%, 9/1/19
   NR/NR     502,556  
  3,500    
6.30%, 9/1/31
   NR/NR     3,453,730  
       
Golden State Tobacco Securitization Corp. Rev.,
            
  5,000    
zero coupon, 6/1/37, Ser. A-2
   Baa3/BBB     2,737,100  
  9,000    
5.00%, 6/1/33, Ser. A-1
   Baa3/BBB     7,021,530  
  6,007    
5.00%, 6/1/35, Ser. A (FGIC) (h)
   A2/A     5,439,940  
  2,000    
5.00%, 6/1/38, Ser. A (FGIC) (h)
   A2/A     1,795,660  
  16,330    
6.25%, 6/1/33, Ser. A-1
   Aaa/AAA     17,725,235  
  10,155    
6.75%, 6/1/39, Ser. A-1, (Pre-refunded @ $100, 6/1/13) (c)
   Aaa/AAA     11,573,349  
  540    
7.875%, 6/1/42, Ser. A-3, (Pre-refunded @ $100, 6/1/13) (c)
   Aaa/AAA     642,109  
       
Health Facs. Finance Auth. Rev.,
            
  1,980    
5.00%, 7/1/18
   A2/A     1,983,109  
  5,315    
5.125%, 7/1/18
   NR/BBB+     5,247,765  
  3,000    
5.25%, 10/1/14, Ser. B
   NR/AAA     3,047,010  
  4,565    
Adventist Health System, 5.00%, 3/1/33
   NR/A     4,098,548  
  875    
Catholic Healthcare West,
5.00%, 7/1/28, (Partially pre-refunded @ $101, 7/1/28) (c)
   A2/A     798,892  
  6,250    
Infrastructure & Economic Dev. Bank Rev., Bay Area Toll Bridges,
5.00%, 7/1/36, (Pre-refunded @ $100, 1/1/28) (AMBAC)(c)
   Aaa/AAA     6,576,562  
       
La Quinta Redev. Agcy., Tax Allocation (AMBAC),
            
  3,000    
5.00%, 9/1/21
   Aaa/AAA     3,037,380  
  10,000    
5.10%, 9/1/31
   Aaa/AAA     9,800,300  
  1,000    
5.125%, 9/1/32
   Aaa/AAA     969,700  
  1,495    
Lincoln Public Financing Auth. Rev.,Twelve Bridges Ltd.,
            
       
6.125%, 9/2/27
   NR/NR     1,461,243  

 

 

PIMCO California Municipal Income Fund Schedule of Investments
July 31, 2008 (unaudited)
                     
Principal                
Amount         Credit Rating      
(000)         (Moody’s/S&P)   Value*  
 
       
Los Angeles Community Redev. Agcy., Tax Allocation,
            
$ 520    
5.875%, 9/1/26
   NR/NR   $ 473,273  
  325    
6.00%, 9/1/31
   NR/NR     297,206  
  5,000    
Los Angeles Department of Water & Power Rev.,
4.75%, 7/1/30, Ser. A-2 (FSA)(h)
   Aaa/AAA     4,783,200  
  3,250    
Los Angeles Unified School Dist., GO,
5.125%, 7/1/21, Ser. E, (Pre-refunded @ $100, 7/1/12) (MBIA)(c)
   Aaa/AAA     3,523,877  
  5,820    
Montclair Redev. Agcy., Tax Allocation, 5.30%, 10/1/30 (MBIA)
   Aaa/AAA     5,939,019  
  2,900    
Municipal Finance Auth. Rev., Biola Univ., 5.875%, 10/1/34
   Baa1/NR     2,891,271  
  195    
Murrieta Valley Unified School Dist., Special Tax,
6.30%, 9/1/18, (Pre-refunded @ $102, 9/1/09) (c)
   NR/NR     208,710  
  6,255    
Orange Cnty. Sanitation Dist. Rev., CP,
5.25%, 2/1/30, (Pre-refunded @ $100, 8/1/13) (FGIC)(c)
   Aa3/AAA     6,911,775  
  1,080    
Palm Springs Community Redev. Agcy., Tax Allocation, 5.50%, 8/1/21
   NR/A     1,123,870  
  1,690    
Rancho Etiwanda Public Facs., Special Tax,
6.375%, 9/1/24, (Pre-refunded @ $102, 3/1/10) (c)
   NR/NR     1,835,222  
       
Rancho Mirage Redev. Agcy., Tax Allocation,
            
  1,190    
5.50%, 4/1/24
   Baa1/BBB+     1,209,564  
  1,580    
5.625%, 4/1/33
   Baa1/BBB+     1,596,211  
  8,305    
Riverside Cnty., CP, 5.125%, 11/1/30 (MBIA)
   Aaa/AAA     8,439,624  
       
Riverside, Improvement Board Act 1915, Special Assessment,
            
  500    
6.15%, 9/2/19
   NR/NR     506,605  
  1,350    
6.375%, 9/2/26
   NR/NR     1,367,982  
  575    
Roseville, Woodcreek Community Facs. Dist., Special Tax,
6.375%, 9/1/27, (Pre-refunded @ $102, 9/1/10) (c)
   NR/NR     633,357  
  2,000    
Sacramento Health Fac. Rev., 5.30%, 1/1/24, Ser. A (CA Mtg. Ins.)
   NR/A+     2,023,820  
       
Sacramento, Special Tax,
            
  2,945    
5.70%, 9/1/23
   NR/NR     2,875,115  
  655    
6.10%, 9/1/21
   NR/NR     648,692  
  1,240    
6.15%, 9/1/26
   NR/NR     1,217,668  
  1,000    
San Diego Cnty. Water Auth. Rev., CP, 5.00%, 5/1/32, Ser. A (MBIA)
   Aaa/AAA     999,920  
  545    
San Diego Cnty., CP, 5.25%, 10/1/28
   A2/NR     545,431  
       
San Francisco Bay Area Transit Financing Auth. Rev. (AMBAC),
            
  880    
5.125%, 7/1/36
   Aaa/AAA     891,440  
  2,450    
5.125%, 7/1/36, (Pre-refunded @ $100, 7/1/11) (c)
   Aaa/AAA     2,624,832  
  720    
San Francisco City & Cnty. Redev. Agcy. Rev., Special Tax,
6.125%, 8/1/31
   NR/NR     687,341  
  5,065    
San Joaquin Cnty., CP, 5.00%, 9/1/20 (MBIA)
   Aaa/AAA     5,091,996  
       
San Joaquin Hills Transportation Corridor Agcy. Toll Road Rev., Ser. A,
            
  5,000    
5.50%, 1/15/28
   Ba2/BB-     4,529,000  
  5,000    
5.70%, 1/15/19
   Ba2/BB-     5,005,800  
  5,000    
San Jose Unified School Dist., Santa Clara Cnty., GO,
5.125%, 8/1/25, Ser. D, (Pre-refunded @ $101, 8/1/10) (FSA)(c)
   Aaa/AAA     5,343,100  
  230    
San Jose, Improvement Board Act 1915, Special Assessment,
5.60%, 9/2/17, Ser. Q
   NR/NR     231,451  
       
San Juan Unified School Dist., GO (FSA),
            
  9,445    
zero coupon, 8/1/22
   Aaa/AAA     4,714,094  
  10,895    
zero coupon, 8/1/25
   Aaa/AAA     4,547,246  
  6,110    
zero coupon, 8/1/26
   Aaa/AAA     2,396,953  
  600    
Santa Ana Financing Auth. Rev., 5.60%, 9/1/19
   NR/BBB     607,920  
  1,815    
Santa Clara, CP, 5.00%, 2/1/32 (AMBAC)
   Aaa/AAA     1,818,594  
       
State, GO,
            
  14,200    
5.00%, 6/1/37
   A1/A+     13,777,124  

 

 

PIMCO California Municipal Income Fund Schedule of Investments
July 31, 2008 (unaudited)
                     
Principal                
Amount         Credit Rating      
(000)         (Moody’s/S&P)   Value*  
 
$ 8,700    
5.00%, 11/1/37, Ser. 2670 (h)
   A1/A+   $ 8,439,261  
  3,300    
5.00%, 12/1/37
   A1/A+     3,201,000  
       
Statewide Community Dev. Auth. Rev.,
            
  900    
Baptist Univ., 5.50%, 11/1/38, Ser. A
   NR/NR     798,723  
  1,000    
Catholic Healthcare West, 5.50%, 7/1/31, Ser. D
   A2/A     979,190  
  8,000    
Catholic West, CP, 6.50%, 7/1/20, (Pre-refunded @ $101, 7/1/10) (c)
   A2/NR     8,714,975  
  5,420    
Gillispie School, 6.625%, 10/1/31
   NR/NR     5,170,138  
  15,250    
Henry Mayo Newhall Memorial Hospital, 5.125%, 10/1/30 (CA Mtg. Ins.)
   NR/A+     15,159,110  
  8,000    
Internext Group, CP, 5.375%, 4/1/30
   NR/BBB     7,161,200  
  3,000    
Jewish Home, 5.50%, 11/15/33 (CA St. Mtg.)
   NR/A+     3,046,350  
  1,000    
Kaiser Permanente, 5.25%, 3/1/45, Ser. B
   NR/A+     947,230  
  2,380    
St. Marks School, 6.75%, 6/1/28 (a)(b)
   NR/NR     2,426,101  
  4,000    
Sutter Health, 5.50%, 8/15/34, Ser. B
   Aa3/AA-     4,011,360  
  4,165    
Tehiy Day School, 6.625%, 11/1/31
   NR/NR     3,887,194  
  910    
Windrush School, 5.50%, 7/1/37
   NR/NR     789,862  
  8,000    
Tobacco Securitization Agcy. Rev.,
Los Angeles Cnty., zero coupon, 6/1/28
   Baa3/NR     5,821,040  
       
(Pre-refunded @ $100, 6/1/11) (c),
            
  1,500    
5.25%, 6/1/31
   Aaa/AAA     1,609,125  
  9,300    
5.375%, 6/1/41
   Aaa/AAA     10,008,102  
  1,650    
Town of Apple Valley Rev., CP, 5.375%, 6/1/21 (CA Mtg. Ins.)
   NR/A+     1,723,969  
  2,000    
Turlock, Emanuel Medical Center Rev., CP, 5.50%, 10/15/37, Ser. B
   NR/BBB+     1,807,020  
       
Tustin Unified School Dist., Special Tax,
            
  2,345    
5.50%, 9/1/22
   NR/NR     2,211,124  
  2,520    
5.60%, 9/1/29
   NR/NR     2,354,562  
  2,000    
5.625%, 9/1/32
   NR/NR     1,838,380  
       
Univ. Rev.,
            
  8,000    
4.75%, 5/15/35, Ser. 1119 (FSA) (h)
   Aaa/AAA     7,717,440  
  10,000    
5.00%, 5/15/36, Ser. A (AMBAC)
   Aaa/AAA     9,939,800  
  3,750    
West Kern Cnty. Water Dist., CP,
5.625%, 6/1/31, (Pre-refunded @ $101, 6/1/10) (c)
   Baa2/NR     4,015,500  
       
 
          
       
Total California Municipal Bonds & Notes (cost—$353,140,761)
         358,322,751  
       
 
          
       
 
            
OTHER MUNICIPAL BONDS & NOTES—7.3%            
       
Illinois—1.4%
            
       
Educational Facs. Auth. Rev., Univ. of Chicago,
            
  5,260    
5.00%, 7/1/33
   Aa1/AA     5,289,298  
  240    
5.00%, 7/1/33, (Pre-refunded @ $100, 7/1/13) (c)
   Aa1/AA     260,369  
       
 
          
       
 
         5,549,667  
       
 
          
       
 
            
       
Iowa—1.8%
            
  8,700    
Tobacco Settlement Auth. Rev., 5.60%, 6/1/34, Ser. B
   Baa3/BBB     7,372,467  
       
 
          
       
 
            
       
Louisiana—0.4%
            
  1,750    
Tobacco Settlement Financing Corp. Rev., 5.875%, 5/15/39, Ser. 2001-B
   Baa3/BBB     1,532,038  
       
 
          
       
 
            
       
New Jersey—1.7%
            
       
Tobacco Settlement Financing Corp. Rev.,
            
  1,685    
6.00%, 6/1/37, (Pre-refunded @ $100, 6/1/12) (c)
   Aaa/AAA     1,867,469  
  2,210    
6.125%, 6/1/42, (Pre-refunded @ $100, 6/1/12) (c)
   Aaa/AAA     2,459,222  
  2,315    
6.375%, 6/1/32
   Aaa/AAA     2,615,741  
       
 
          
       
 
         6,942,432  
       
 
          

 

 

PIMCO California Municipal Income Fund Schedule of Investments
July 31, 2008 (unaudited)
                     
Principal                
Amount         Credit Rating      
(000)         (Moody’s/S&P)   Value*  
 
       
Puerto Rico—1.6%
            
       
Electric Power Auth. Power Rev., Ser. NN, (Pre-refunded @ $100, 7/1/13) (c),
            
$ 260    
5.125%, 7/1/29
   A3/BBB+   $ 284,154  
  990    
5.125%, 7/1/29
   A3/AAA     1,084,327  
       
Sales Tax Financing Corp. Rev.,
            
  19,200    
zero coupon, 8/1/47, Ser. A (AMBAC)
   Aaa/AAA     2,019,840  
  24,000    
zero coupon, 8/1/54, Ser. A (AMBAC)
   Aaa/AAA     1,640,640  
  21,600    
zero coupon, 8/1/56, Ser. A
   A1/A+     1,202,472  
       
 
          
       
 
         6,231,433  
       
 
          
       
 
            
       
Rhode Island—0.3%
            
  1,500    
Tobacco Settlement Financing Corp. Rev., 6.125%, 6/1/32, Ser. A
   Baa3/BBB     1,397,880  
       
 
          
       
 
            
       
South Carolina—0.1%
            
  340    
Tobacco Settlement Rev. Management Auth. Rev.,
6.375%, 5/15/30, Ser. B
   Baa3/BBB     378,753  
       
 
          
       
Total Other Municipal Bonds & Notes (cost—$30,776,398)
         29,404,670  
       
 
          
       
 
            
CALIFORNIA VARIABLE RATE NOTE (a)(d)(e)(f)—0.2%        
  1,000    
Sacramento Cnty. Sanitation Dist. Rev.,
14.822%, 8/1/13, Ser. 1034 (MBIA) (cost—$1,221,398)
   NR/AAA     986,750  
       
 
          
       
 
            
OTHER VARIABLE RATE NOTE (a)(d)(e)(f)—1.0%        
       
Illinois—1.0%
            
  4,000    
Chicago Water Supply System Rev.,
7.692%, 5/1/14, Ser. 1419 (AMBAC) (cost—$4,343,497)
   NR/AAA     4,038,600  
       
 
          
       
 
            
CALIFORNIA VARIABLE RATE DEMAND NOTES (f)(g)—3.2%        
       
State, GO,
            
  5,000    
0.90%, 8/1/08, Ser. A-2
   VMIG1/A-1+     5,000,000  
  5,000    
0.95%, 8/1/08, Ser. B
   VMIG1/A-1+     5,000,000  
  3,000    
1.17%, 8/1/08, Ser. C-3 (GTD)
   VMIG1/A-1+     3,000,000  
       
 
          
       
Total California Variable Rate Demand Notes (cost—$13,000,000)
         13,000,000  
       
 
          
       
 
            
       
Total Investments (cost—$402,482,054)—100.0%
       $ 405,752,771  
       
 
          

 

 

 
Notes to Schedule of Investments:
 
*   Portfolio securities and other financial instruments for which market quotations are readily available are stated at market value. Market value is generally determined on the basis of last reported sales prices, or if no sales are reported, based on quotes obtained from a quotation reporting system, established market makers, or pricing services.

Portfolio securities and other financial instruments for which market quotations are not readily available or if a development/event occurs that may significantly impact the value of a security are fair-valued, in good faith, pursuant to procedures established by the Board of Trustees or persons acting at their discretion pursuant to procedures established by the Board of Trustees. The Fund’s investments are valued daily using prices supplied by an independent pricing service or dealer quotations, are valued at the last quoted bid price for those securities for which the over-the-counter market is the primary market or for listed securities in which there were no sales. Prices obtained from independent pricing services use information provided by market makers or estimates of market values obtained from yield data relating to investments or securities with similar characteristics. Exchange traded options and futures are valued at the settlement price determined by the relevant exchange. Short-term securities maturing in 60 days or less are valued at amortized cost, if their original term to maturity was 60 days or less, or by amortizing their value on the 61st day prior to maturity, if the original term to maturity exceeded 60 days.

The prices used by the Fund to value securities may differ from the value that would be realized if the securities were sold. The Fund’s net asset value is normally determined daily as of the close of regular trading (normally, 4:00 p.m. Eastern time) on the New York Stock Exchange (“NYSE”) on each day the NYSE is open for business.
 
(a)   Private Placement—Restricted as to resale and may not have a readily available market. Securities with an aggregate value of $7,451,451, representing 1.84% of total investments.
 
(b)   Illiquid security.
 
(c)   Pre-refunded bonds are collateralized by U.S. Government or other eligible securities which are held in escrow and used to pay principal and interest and retire the bonds at the earliest refunding date (payment date) and/or whose interest rates vary with changes in a designated base rate (such as the prime interest rate).
 
(d)   144A Security—Security exempt from registration, under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, typically only to qualified institutional buyers. Unless otherwise indicated, these securities are not considered to be illiquid.
 
(e)   Inverse Floater — The interest rate shown bears an inverse relationship to the interest rate on another security or the value of an index. The interest rate disclosed reflects the rate in effect on July 31, 2008.
 
(f)   Variable Rate Notes—Instruments whose interest rates change on specified date (such as a coupon date or interest payment date) and/or whose interest rates vary with changes in a designated base rate (such as the prime interest rate). The interest rate disclosed reflects the rate in effect on July 31, 2008.
 
(g)   Maturity date shown is date of next put.
 
(h)   Residual Interest Bonds held in trust—Securities represent underlying bonds transferred to a separate securitization trust established in a tender option bond transaction in which the Fund acquired the residual interest certificates. These securities serve as collateral in a financing transaction.
Glossary:
AMBAC—insured by American Municipal Bond Assurance Corp.
CA Mtg. Ins.—insured by California Mortgage Insurance
CA St. Mtg.—insured by California State Mortgage
CP—Certificates of Participation
FGIC—insured by Financial Guaranty Insurance Co.
FSA—insured by Financial Security Assurance, Inc.
GO—General Obligation Bond
GTD—Guaranteed
MBIA—insured by Municipal Bond Investors Assurance
NR—Not Rated
XLCA—insured by XL Capital Assurance
Other Investments:
(1) Futures contracts outstanding at July 31, 2008:
                                 
            Market              
            Value     Expiration     Unrealized  
                      Type   Contracts     (000)     Date     Depreciation  
 
Short: U.S. Treasury Bond Futures
   (333)   $ (38,462 )     9/19/08     $ (279,134 )
 
                              
The Fund pledged $830,100 in cash as collateral for futures contracts.

 

 

Fair Value Measurements–Effective May 1, 2008, the Fund adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”). This standard clarifies the definition of fair value for financial reporting, establishes a framework for measuring fair value and requires additional disclosures about the use of the fair value measurements. The three levels of the fair value hierarchy under FAS 157 are described below:
       
 
•   Level 1 — quoted prices in active markets for identical investments
 
      
 
•  
Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)
 
      
 
•  
Level 3 — significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)
The valuation techniques used by the Fund to measure fair value during the three months ended July 31, 2008 maximized the use of observable inputs and minimized the use of unobservable inputs.
The following is a summary of the inputs used as of July 31, 2008 in valuing the Fund’s investments carried at value:
                 
    Investments in     Other Financial  
Valuation Inputs   Securities     Instruments  
 
Level 1 - Quoted Prices
   $ —     $ (279,134 )
Level 2 - Other Significant Observable Inputs
     405,752,771       —  
Level 3 - Significant Unobservable Inputs
     —       —  
 
Total
   $ 405,752,771     $ (279,134 )
 

 

 

Item 2. Controls and Procedures
(a) The registrant’s President & Chief Executive Officer and Treasurer, Principal Financial & Accounting Officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Act (17 CFR 270.30a -3(c))), are effective based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.
(b) There were no significant changes in the registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a -3(d))) that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

 

Item 3. Exhibits
  (a)   Exhibit 99.302 Cert. — Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Registrant: PIMCO California Municipal Income Fund
         
By
  /s/ Brian S. Shlissel
 
    
President & Chief Executive Officer    
Date: September 25, 2008    
 
        
By
  /s/ Lawrence G. Altadonna
 
    
Treasurer, Principal Financial & Accounting Officer    
Date: September 25, 2008    
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
         
By
  /s/ Brian S. Shlissel
 
    
President & Chief Executive Officer    
Date: September 25, 2008    
 
        
By
  /s/ Lawrence G. Altadonna
 
    
Treasurer, Principal Financial & Accounting Officer    
Date September 25, 2008