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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, 2010
 
   
Date of Reporting Period:
  July 31, 2009
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, 100 F Street, NE, Washington, DC 20549-2001. 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, 2009 (unaudited)
                     
Principal                
Amount         Credit Rating      
(000)         (Moody’s/S&P)   Value*  
 
CALIFORNIA MUNICIPAL BONDS & NOTES—91.5%            
$ 1,385    
Alvord Unified School Dist., GO, 5.375%, 8/1/29, Ser. C (FSA)
  Aa3/NR   $ 1,401,191  
       
Assoc. of Bay Area Gov’t Finance Auth. Rev.,
           
  1,000    
Channing House, Rev., CP, 5.375%, 2/15/19
  NR/BBB-     906,450  
  1,000    
Poway Housing, Inc. Project, 5.375%, 11/15/25, Ser. A (CA Mtg. Ins.)
  NR/A     946,070  
  10,000    
Bay Area Toll Auth. Rev., 5.00%, 4/1/34, Ser. F1
  Aa3/AA     9,791,200  
  5,000    
Chula Vista Rev., 5.875%, 2/15/34, Ser. B
  A1/A+     4,913,850  
       
Contra Costa Cnty. Public Financing Auth., Tax Allocation,
           
  2,150    
5.125%, 8/1/19
  NR/BBB     2,011,690  
  350    
5.85%, 8/1/33, Ser. A
  NR/NR     321,352  
  3,635    
Cucamonga Cnty. Water Dist., CP, 5.125%, 9/1/35 (FGIC)(NPFGC)
  A2/AA-     3,291,602  
  5,000    
Desert Community College Dist., GO, 5.00%, 8/1/37, Ser. C (FSA)
  Aa3/AAA     4,726,700  
  6,300    
Eastern Municipal Water Dist., CP, 5.00%, 7/1/35, Ser. H
  Aa3/AA     5,967,171  
       
Educational Facs. Auth. Rev.,
           
       
Claremont McKenna College,
           
  10,200    
5.00%, 1/1/39 (f)
  Aa2/NR     9,716,928  
  1,400    
5.00%, 1/1/39
  Aa2/NR     1,333,696  
       
Univ. of Southern California, Ser. A,
           
  5,000    
5.00%, 10/1/38
  Aa1/AA+     5,017,900  
  10,000    
5.00%, 10/1/39 (f)
  Aa1/AA+     10,021,200  
  2,975    
El Dorado Irrigation Dist. & El Dorado Water Agcy., CP, 5.75%, 8/1/39, Ser. A
  Aa2/AAA     2,978,808  
       
El Monte, CP (AMBAC),
           
  10,790    
4.75%, 6/1/30
  A3/A+     9,536,418  
  14,425    
5.25%, 1/1/34
  A3/NR     13,297,398  
       
Fremont Community Dist., Special Tax,
           
  165    
6.00%, 9/1/18
  NR/NR     147,456  
  505    
6.00%, 9/1/19
  NR/NR     437,310  
  3,500    
6.30%, 9/1/31
  NR/NR     2,890,230  
       
Golden State Tobacco Securitization Corp. Rev.,
           
  9,000    
5.00%, 6/1/33, Ser. A-1
  Baa3/BBB     6,004,530  
  3,000    
5.00%, 6/1/35, Ser. A (FGIC)
  Baa2/A-     2,598,720  
  6,000    
5.00%, 6/1/38, Ser. A (FGIC)
  Baa2/A-     5,020,320  
  1,600    
5.00%, 6/1/45 (AMBAC)(TCRS)
  Baa2/A-     1,299,760  
       
Health Facs. Finance Auth. Rev.,
           
       
Adventist Health Systems, Ser. A,
           
  4,630    
5.00%, 3/1/33
  NR/A     3,977,587  
  2,000    
5.75%, 9/1/39
  NR/A     1,890,860  
       
Catholic Healthcare West, Ser. A,
           
  1,875    
5.00%, 7/1/18
  A2/A     1,840,594  
  875    
5.00%, 7/1/28
  A2/A     775,530  
  2,000    
6.00%, 7/1/34
  A2/A     1,931,660  
  4,000    
6.00%, 7/1/39
  A2/A     3,804,080  
  1,000    
Children’s Hospital of Orange Cnty., 6.50%, 11/1/38, Ser. A
  NR/A     984,210  
  5,315    
Northern California Presbyterian, 5.125%, 7/1/18
  NR/BBB+     4,707,655  
  10,590    
Kern Cnty., CP, 5.75%, 8/1/35, Ser. A
  Aa2/AAA     10,547,428  
       
La Quinta Redev. Agcy., Tax Allocation (AMBAC),
           
  3,000    
5.00%, 9/1/21
  NR/A+     2,815,200  
  10,000    
5.10%, 9/1/31
  NR/A+     8,601,400  
  1,000    
5.125%, 9/1/32
  NR/A+     850,840  
  1,495    
Lincoln Public Financing Auth. Rev., Twelve Bridges Ltd., 6.125%, 9/2/27
  NR/NR     1,254,365  

 


 

PIMCO California Municipal Income Fund Schedule of Investments
July 31, 2009 (unaudited)
                     
Principal                
Amount         Credit Rating      
(000)         (Moody’s/S&P)   Value*  
 
       
Long Beach Bond Finance Auth. Rev., Ser. A,
           
$ 3,900    
5.50%, 11/15/37
  A2/A   $ 3,262,038  
  1,000    
Long Beach Natural Gas, 5.50%, 11/15/27
  A2/A     884,120  
       
Los Angeles Department of Water & Power Rev.,
           
  5,000    
4.75%, 7/1/30, Ser. A-2 (FSA) (f)
  Aa3/AAA     4,908,750  
  3,930    
5.125%, 7/1/41, Ser. A
  Aa3/AA     3,766,198  
  3,000    
5.375%, 7/1/34, Ser. A (f)
  Aa3/AA     3,049,680  
  7,000    
5.375%, 7/1/38, Ser. A (f)
  Aa3/AA     7,038,150  
       
Los Angeles Unified School Dist., GO,
           
  10,000    
5.00%, 7/1/29, Ser. I (f)
  Aa3/AA-     9,838,600  
  13,000    
5.00%, 1/1/34, Ser. I
  Aa3/AA-     12,383,280  
  5,000    
5.00%, 1/1/34, Ser. I (f)
  Aa3/AA-     4,762,800  
  250    
5.30%, 1/1/34, Ser. D
  Aa3/AA-     248,295  
  2,900    
Municipal Finance Auth. Rev., Biola Univ., 5.875%, 10/1/34
  Baa1/NR     2,686,763  
  5,000    
Orange Cnty. Sanitation Dist., CP, 5.00%, 2/1/39, Ser. A
  NR/AAA     4,799,050  
  1,080    
Palm Springs Community Redev. Agcy., Tax Allocation, 5.50%, 8/1/21
  NR/A     1,090,940  
  2,145    
Patterson Public Financing Auth. Rev., Waste Water Systems Project, 5.50%, 6/1/39
  NR/AAA     2,059,350  
  8,305    
Riverside Cnty., CP, 5.125%, 11/1/30 (NPFGC)
  A2/AA-     7,926,873  
       
Riverside, Improvement Board Act 1915, Special Assessment,
           
  500    
6.15%, 9/2/19
  NR/NR     469,265  
  1,350    
6.375%, 9/2/26
  NR/NR     1,251,423  
       
San Diego Cnty. Water Auth., CP, Ser. A,
           
  1,000    
5.00%, 5/1/32 (NPFGC)
  Aa3/AA+     954,190  
  6,250    
5.00%, 5/1/38 (FSA)
  Aa3/AAA     5,843,437  
  545    
San Diego Cnty., CP, 5.25%, 10/1/28
  A2/NR     545,071  
  2,000    
San Diego Public Facs. Financing Auth. Rev., 5.25%, 5/15/39, Ser. A
  A2/A+     1,949,860  
  3,285    
San Diego Regional Building Auth. Rev., Cnty. Operations Center & Annex, 5.375%, 2/1/36, Ser. A
  A1/AA+     3,179,157  
  5,000    
San Diego Unified School Dist., GO, 4.75%, 7/1/27, Ser. D-2 (FSA)
  Aa2/AAA     5,016,150  
  880    
San Francisco Bay Area Transit Financing Auth. Rev., 5.125%, 7/1/36 (AMBAC)
  Aa3/AA+     862,954  
  650    
San Francisco City & Cnty., CP, 5.25%, 4/1/31, Ser. A
  A1/AA-     633,542  
  720    
San Francisco City & Cnty. Redev. Agcy. Rev., Special Tax, 6.125%, 8/1/31, Ser. B
  NR/NR     644,638  
  5,065    
San Joaquin Cnty., General Hospital Project, CP, 5.00%, 9/1/20 (NPFGC)
  A2/A     4,743,930  
       
San Joaquin Hills Transportation Corridor Agcy. Toll Road Rev., Ser. A,
           
  5,000    
5.50%, 1/15/28
  Ba2/BB-     3,500,700  
  5,000    
5.70%, 1/15/19
  Ba2/BB-     4,238,650  
  230    
San Jose, Improvement Board Act 1915, Special Assessment, 5.60%, 9/2/17, Ser. Q
  NR/NR     210,392  
  600    
Santa Ana Financing Auth. Rev., 5.60%, 9/1/19, Ser. C
  NR/BBB     605,622  
  3,500    
Santa Clara Cnty. Financing Auth. Rev., 5.75%, 2/1/41, Ser. A (AMBAC)
  A1/A+     3,469,690  
  1,815    
Santa Clara, CP, 5.00%, 2/1/32 (AMBAC)
  Aa3/AA     1,826,525  
  1,300    
Santa Cruz Cnty. Redev. Agcy., Tax Allocation, 7.00%, 9/1/36, Ser. A
  A2/A     1,362,088  
  2,000    
State Public Works Board Rev., Regents Univ., 5.00%, 4/1/34, Ser. E
  Aa2/AA-     1,850,520  
       
State, GO,
           
  5,885    
5.00%, 9/1/35
  Baa1/A     5,409,021  
  3,300    
5.00%, 12/1/37
  Baa1/A     3,012,009  
  8,000    
6.00%, 4/1/38
  Baa1/A     8,271,680  

 


 

PIMCO California Municipal Income Fund Schedule of Investments
July 31, 2009 (unaudited)
                     
Principal                
Amount         Credit Rating      
(000)         (Moody’s/S&P)   Value*  
 
       
Statewide Communities Dev. Auth. Rev.,
           
$ 900    
Baptist Univ., 5.50%, 11/1/38, Ser. A
  NR/NR   $ 596,277  
  1,000    
Catholic Healthcare West, 5.50%, 7/1/31, Ser. D
  A2/A     927,230  
  5,320    
Gross-Gillispie School, 6.625%, 10/1/31
  NR/NR     4,308,828  
  15,250    
Henry Mayo Newhall Memorial Hospital, 5.125%, 10/1/30 (CA Mtg. Ins.)
  NR/A     13,791,185  
  8,000    
Internext Group, CP, 5.375%, 4/1/30
  NR/BBB     5,899,840  
  3,000    
Jewish Home, 5.50%, 11/15/33 (CA St. Mtg.)
  NR/A     2,780,160  
  1,000    
Kaiser Permanente, 5.25%, 3/1/45, Ser. B
  NR/A+     871,520  
       
Methodist Hospital Project (FHA),
           
  2,100    
6.625%, 8/1/29
  Aa2/AA     2,281,377  
  7,700    
6.75%, 2/1/38
  Aa2/AA     8,303,218  
       
St. Joseph,
           
  100    
5.125%, 7/1/24 (NPFGC)
  Aa3/AA-     98,765  
  3,200    
5.75%, 7/1/47, Ser. A (FGIC)
  Aa3/AA-     3,113,760  
  2,325    
St. Marks School, 6.75%, 6/1/28 (a)(b)
  NR/NR     2,196,800  
  4,000    
Sutter Health, 5.50%, 8/15/34, Ser. B
  Aa3/A+     3,718,080  
  910    
Windrush School, 5.50%, 7/1/37
  NR/NR     639,111  
  2,000    
Turlock, Emanuel Medical Center, CP, 5.50%, 10/15/37, Ser. B
  NR/BBB     1,434,660  
       
Tustin Unified School Dist., Special Tax, Ser. B,
           
  2,345    
5.50%, 9/1/22
  NR/NR     2,152,053  
  2,520    
5.60%, 9/1/29
  NR/NR     2,156,994  
  2,000    
5.625%, 9/1/32
  NR/NR     1,649,860  
       
Univ. Rev.,
           
  8,000    
4.75%, 5/15/35, Ser. F (FSA) (f)
  Aa1/AAA     7,404,080  
  10,000    
5.00%, 5/15/36, Ser. A (AMBAC)
  Aa1/AA     9,697,800  
  1,000    
Western Municipal Water Dist. Facs. Auth. Rev., 5.00%, 10/1/39, Ser. B
  NR/AA+     952,130  
  1,000    
Westlake Village, CP, 5.00%, 6/1/39
  NR/AA+     945,210  
       
 
         
       
Total California Municipal Bonds & Notes (cost—$367,647,903)
        353,033,698  
       
 
         
       
 
           
OTHER MUNICIPAL BONDS & NOTES—3.5%            
       
Illinois—1.4%
           
  5,260    
Educational Facs. Auth. Rev., Univ. of Chicago, 5.00%, 7/1/33, Ser. A
  Aa1/AA     5,293,085  
       
 
         
 
 
       
Iowa—1.5%
           
  8,700    
Tobacco Settlement Auth. Rev., 5.60%, 6/1/34, Ser. B
  Baa3/BBB     5,973,159  
       
 
         
 
 
       
Louisiana—0.4%
           
  1,750    
Tobacco Settlement Financing Corp. Rev., 5.875%, 5/15/39, Ser. 2001— B
  Baa3/BBB     1,387,313  
       
 
         
 
 
       
New York—0.1%
           
  450    
New York City Municipal Water Finance Auth., Water & Sewer System Rev., 5.00%, 6/15/37, Ser. D (f)
  Aa2/AAA     447,291  
       
 
         
 
 
       
South Carolina—0.1%
           
  340    
Tobacco Settlement Rev. Management Auth. Rev., 6.375%, 5/15/30, Ser. B
  Baa3/BBB     404,335  
       
 
         
       
Total Other Municipal Bonds & Notes (cost—$16,240,734)
        13,505,183  
       
 
         

 


 

PIMCO California Municipal Income Fund Schedule of Investments
July 31, 2009 (unaudited)
                     
Principal                
Amount         Credit Rating      
(000)         (Moody’s/S&P)   Value*  
 
CORPORATE BONDS & NOTES (e)—2.1%            
       
Financial Services—2.1%
           
$ 7,800    
American General Finance Corp., 4.625%, 9/1/10
  Baa2/BB+   $ 6,018,605  
  3,500    
CIT Group, Inc., 5.80%, 7/28/11
  Ca/CC     1,972,117  
       
 
         
       
Total Corporate Bonds & Notes (cost—$8,337,862)
        7,990,722  
       
 
         
       
 
           
OTHER VARIABLE RATE NOTES (a)(c)(d)—1.5%            
       
Illinois—1.5%
           
  6,670    
Chicago Water Supply System Rev., 10.903%, 5/1/14, Ser. 1419 (AMBAC) (cost—$6,963,724)
  NR/AA-     5,920,225  
       
 
         
       
 
           
CALIFORNIA VARIABLE RATE NOTES (a)(d)—0.4%            
  1,670    
Sacramento Cnty. Sanitation Dist. Rev., 10.731%, 8/1/13, Ser. 1034 (NPFGC) (cost—$1,853,940)
  NR/AA     1,685,347  
       
 
         
       
 
           
SHORT-TERM INVESTMENTS—1.0%            
Corporate Notes (e)—1.0%            
       
Financial Services—1.0%
           
  1,200    
American General Finance Corp., 0.945%, 10/2/09, FRN
  Baa2/BB+     1,116,030  
  3,400    
CIT Group, Inc., 4.125%, 11/3/09
  Ca/CC     2,011,597  
       
International Lease Finance Corp., FRN,
           
  500    
0.881%, 5/24/10
  Baa2/BBB+     435,352  
  400    
0.909%, 1/15/10
  Baa2/BBB+     381,901  
       
 
         
       
Total Corporate Notes (cost—$5,236,986)
        3,944,880  
       
 
         
 
 
       
Total Investments (cost—$406,281,149)—100.0%
      $ 386,080,055  
       
 
         

 


 

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, on the basis of quotes obtained from a quotation reporting system, established market makers, or independent pricing services.
 
    Portfolio securities and other financial instruments for which market quotations are not readily available or for which 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, or by using the last sale price on the exchange that is the primary market for such securities, or the last quoted mean 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. 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. 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 and these differences could be material. The Fund’s net asset value is normally determined 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 $9,802,372, representing 2.54% of total investments.
 
(b)   Illiquid security.
 
(c)   144A 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.
 
(d)   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, 2009.
 
(e)   All or partial amount segregated as collateral for reverse repurchase agreements.
 
(f)   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.
FHA—insured by Federal Housing Administration
FRN—Floating Rate Note. The interest rate disclosed reflects the rate in effect on July 31, 2009.
FSA—insured by Financial Security Assurance, Inc.
GO—General Obligation Bond
NPFGC—insured by National Public Finance Guarantee Corporation
NR—Not Rated
TCRS—Temporary Custodian Receipts
Other Investments:
(1) The weighted average daily balance of reverse repurchase agreements outstanding during the three months ended July 31, 2009 was $10,920,728 at a weighted average interest rate of 0.78%. The total market value of underlying collateral (refer to the Schedule of Investments for positions segregated as collateral for reverse repurchase agreements) for open reverse repurchase agreements at July 31, 2009 was $11,935,602. Open reverse repurchase agreements at July 31, 2009:
                                         
Counterparty   Rate   Trade Date   Maturity Date   Principal & Interest     Principal  
 
Barclays Bank
    0.75 %     7/1/09       8/4/09     $ 1,776,109     $ 1,775,000  
 
    0.75 %     7/2/09       8/6/09       8,325,473       8,322,000  
 
                                     
 
                                  $ 10,097,000  
 
                                     

 


 

Fair Value Measurements—The Fund has adopted the Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (“FAS 157”). FAS 157 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. Under this standard, fair-value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e. the “exit price”) in an orderly transaction between market participants at the measurement date. The three levels of the fair value hierarchy under FAS 157 are described below:
    Level 1 — quoted prices in active markets for identical investments that the Fund has the ability to access
 
    Level 2 — valuations based on other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.), or quotes from inactive exchanges
 
    Level 3 — valuations based on significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)
The Fund has adopted FASB Staff Position No. 157-4, Determining Fair Value When the Volume and Level of Activity for the Asset or Liability have Significantly Decreased and Identifying Transactions that are not Orderly (“FAS-157-4”). FAS 157-4 provides guidance on determining when there has been a significant decrease in the volume and level of activity for the asset or liability, when a transaction is not orderly, and how that information must be incorporated into a fair value measurement. FAS 157-4 emphasizes that even if there has been a significant decrease in volume and level activity for an asset or liability and regardless of the valuation techniques used, the objective of a fair value measurement remains the same.
An investment asset or liability’s level within the fair value hierarchy is based on the lowest level input, individually or in the aggregate, that is significant to fair value measurement.
The valuation techniques used by the Fund to measure fair value during the three months ended July 31, 2009 maximized the use of observable inputs and minimized the use of unobservable inputs.
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
A summary of the inputs used as of July 31, 2009, in valuing the Fund’s assets and liabilities is listed below by investment type.
                                 
            Level 2 —   Level 3 —    
            Other Significant   Significant    
    Level 1 —   Observable   Unobservable   Value at
    Quoted Prices   Inputs   Inputs   7/31/09
 
California Municipal Bonds & Notes
   —     $ 353,033,698      —     $ 353,033,698  
Other Municipal Bonds & Notes
        13,505,183           13,505,183  
Corporate Bonds & Notes
        7,990,722           7,990,722  
Other Variable Rate Notes
        5,920,225           5,920,225  
California Variable Rate Notes
        1,685,347           1,685,347  
Short-Term Investments
          3,944,880           3,944,880  
 
Total Investments in Securities
      $ 386,080,055         $ 386,080,055  
 

 


 

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, 2009
     
By   /s/ Lawrence G. Altadonna      
  Treasurer, Principal Financial &
Accounting Officer
   
  Date: September 25, 2009 
 
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, 2009 
 
By   /s/ Lawrence G. Altadonna      
  Treasurer, Principal Financial & Accounting Officer     
  Date: September 25, 2009