|
|
|
PIMCO Municipal Advantage Fund Inc.
Notes to
Financial Statements
|
|
April 30, 2009 (unaudited)
|
|
|
1. Organization and Significant Accounting Policies
(continued)
(d) Investment Transactions and Investment Income
Investment transactions are accounted
for on the trade date. Realized gains and losses on investments are determined
on an identified cost basis. Interest income is recorded on an accrual basis.
Discounts and premiums on debt securities purchased are accreted or amortized
daily to interest income over the lives of the respective securities using the
effective interest method.
(e) Federal Income Taxes
The Fund intends to distribute all of
its taxable income and to comply with the other requirements of the U.S.
Internal Revenue Code of 1986, as amended, applicable to regulated investment
companies. Accordingly, no provision for U.S. federal income taxes is required.
(f) Dividends and Distributions—Common Stock (see Note 8)
The Fund declares dividends from net
investment income monthly to common stockholders. Distributions of net realized
capital gains, if any, are paid at least annually. The Fund records dividends
and distributions to its stockholders on the ex-dividend date. The amount of
dividends and distributions from net investment income and net realized capital
gains are determined in accordance with federal income tax regulations, which
may differ from generally accepted accounting principles. These “book-tax”
differences are considered either temporary or permanent in nature. To the
extent these differences are permanent in nature, such amounts are reclassified
within the capital accounts based on their federal income tax treatment;
temporary differences do not require reclassification. To the extent dividends
and/or distributions exceed current and accumulated earnings and profits for
federal income tax purposes; they are reported as dividends and/or
distributions of paid-in-capital in excess of par.
(g) Futures Contracts
The Fund may enter into futures
contracts. A futures contract is an agreement between two parties to buy and
sell a financial instrument at a set price on a future date. Upon entering into
such a contract, the Fund is required to pledge to the broker an amount of cash
or securities equal to the minimum ‘‘initial margin’’ requirements of the
relevant exchange. Pursuant to the contracts, the Fund agrees to receive from
or pay to the broker an amount of cash or securities equal to the daily
fluctuation in the value of the contracts. Such receipts or payments are known
as ‘‘variation margin’’ and are recorded by the Fund as unrealized appreciation
or depreciation. When the contracts are closed, the Fund records a realized
gain or loss equal to the difference between the value of the contracts at the
time they were opened and the value at the time they were closed. Any
unrealized appreciation or depreciation recorded is simultaneously reversed.
The use of futures transactions involves the risk of an imperfect correlation
in the movements in the price of futures contracts, interest rates and the
underlying hedged assets, and the possible inability or willingness of
counterparties to meet the terms of their contracts.
(h) Custody Credits on Cash Balances
The Fund benefits from an expense
offset arrangement with its custodian bank, whereby uninvested cash balances
earn credits which reduce monthly custodian and accounting agent expenses. Had
these cash balances been invested in income-producing securities, they would
have generated income for the Fund.
2. Investment Manager/Sub-Adviser
The Fund has an Investment Management
Agreement (the ‘‘Agreement’’) with the Investment Manager. Subject to the
supervision of the Fund’s Board of Directors, the Investment Manager is
responsible for managing, either directly or through others selected by it, the
Fund’s investment activities, business affairs and administrative matters.
Pursuant to the Agreement, the Investment Manager receives an annual fee, payable
monthly, at an annual rate of 0.60% of the Fund’s average daily net assets,
inclusive of net assets attributable to any preferred stock that may be
outstanding.
The Investment Manager has retained
its affiliate, Pacific Investment Management Company LLC (the “Sub-Adviser”),
to manage the Fund’s investments. Subject to the supervision of the Investment
Manager, the Sub-Adviser is responsible for making all of the Fund’s investment
decisions. The Investment Manager, not the Fund, pays a portion of the fees it
receives as Investment Manager to the Sub-Adviser in return for its services.
12
PIMCO Municipal Advantage Fund Inc.
Semi-Annual Report
|
4.30.09
|
|
|
|
PIMCO Municipal Advantage Fund Inc.
Notes to
Financial Statements
|
|
April 30, 2009 (unaudited)
|
|
|
3. Investments in Securities
Purchases and sales of investments,
other than short-term securities for the six months ended April 30, 2009, were
$7,771,829 and $70,175,988, respectively.
4. Income Tax Information
The cost basis of portfolio
securities of $67,215,781 is substantially the same for both federal income tax
purposes. Aggregate gross unrealized appreciation for securities in which there
is an excess of value over tax cost is $1,156,347; aggregate gross unrealized
depreciation for securities in which there is an excess of tax cost over value
is $12,085,145; net unrealized depreciation for federal income tax purposes is
$10,928,798.
5. Auction-Rate Preferred Stock
For the period November 1, 2008 to
April 24, 2009, the Fund had 1,100 shares of Auction-Rate Preferred Stock
(“ARPS”) outstanding with a net asset and liquidation preference of $50,000 per
share plus accumulated but unpaid dividends. On April 24, 2009, the Fund
redeemed, at par, all of its ARPS plus accumulate unpaid dividends up to the date
of redemption. The decision to redeem the Fund’s ARPS was made by the Fund’s
Board of Directors at the recommendation of the Fund’s Investment Manager and
Sub-Adviser in connection with the Fund’s liquidation and dissolution expected
to be completed by August 31, 2009 or shortly thereafter. The annualized
dividend rates ranged from 3.475% to 0.594% during the period November 1, 2008
through April 24, 2008.
6. Subsequent Common Dividend Declarations (see Note 8)
On May 1, 2009, a dividend of $0.06
per share was declared to common stockholders payable June 1, 2009 to
stockholders of record on May 11, 2009.
7. Legal Proceedings
In June and September 2004, the
Investment Manager and certain of its affiliates (including PEA Capital LLC
(“PEA”), Allianz Global Investors Distributors LLC and Allianz Global Investors
of America L.P.), agreed to settle, without admitting or denying the
allegations, claims brought by the Securities and Exchange Commission and the
New Jersey Attorney General alleging violations of federal and state securities
laws with respect to certain open-end funds for which the Investment Manager
serves as investment adviser. The settlements related to an alleged “market
timing” arrangement in certain open-end funds formerly sub-advised by PEA. The
Investment Manager and its affiliates agreed to pay a total of $68 million to
settle the claims. In addition to monetary payments, the settling parties
agreed to undertake certain corporate governance, compliance and disclosure
reforms related to market timing, and consented to cease and desist orders and
censures. Subsequent to these events, PEA deregistered as an investment adviser
and dissolved. None of the settlements alleged that any inappropriate activity
took place with respect to the Fund.
Since February 2004, the Investment
Manager, the Sub-Adviser, and certain of their affiliates and their employees
have been named as defendants in a number of pending lawsuits concerning
“market timing” which allege the same or similar conduct underlying the regulatory
settlements discussed above. The market timing lawsuits have been consolidated
in a multi-district litigation proceeding in the U.S. District Court for the
District of Maryland. Any potential resolution of these matters may include,
but not be limited to, judgments or settlements for damages against the
Investment Manager, the Sub-Adviser, or their affiliates or related
injunctions.
The Investment Manager and the
Sub-Adviser believe that these matters are not likely to have a material
adverse effect on the Fund or on their ability to perform their respective
investment advisory activities relating to the Fund.
The foregoing speaks only as of the
date hereof.
8. Subsequent Event—Partial Liquidating Distribution/Termination of
Monthly Dividend
On May 29, 2009, the Fund announced a
partial liquidating distribution of $6.20 per common share to be paid on June
30, 2009, with a record date of June 26, 2009 and an ex-dividend date of June
24, 2009.
It is anticipated that the Fund’s
remaining net assets will be distributed on or about August 31, 2009,
completing the liquidation and dissolution of the Fund, although the Fund may
extend this date subject to market conditions and other relevant factors.
Timing of the final liquidating distribution to common stockholders will be
announced in a future press release. At the time of the final liquidating
distribution to common stockholders, any outstanding stock certificates will be
deemed null and void.
|
4.30.09
|
PIMCO Municipal Advantage Fund Inc. Semi-Annual Report
13
|
|
|
PIMCO Municipal Advantage Fund Inc.
Notes to
Financial Statements
|
|
April 30, 2009 (unaudited)
|
|
|
8. Subsequent Event
(continued)
In addition, the Fund announced it
will cease declaring monthly dividends after the payment of the $0.06 per common
share dividend on June 1, 2009 that was declared on May 1, 2009. The Fund will
pay out any remaining income and/or capital gains with the final liquidating
distribution, which is currently expected to be on or about August 31, 2009.
The Fund completed the first stage of its liquidation with the redemption of
all its outstanding shares of preferred stock on April 24, 2009.
14
PIMCO Municipal Advantage Fund
Inc. Semi-Annual Report
|
4.30.09
|
|
|
|
PIMCO Municipal Advantage Fund Inc.
F
inancial Highlights
|
|
For a share of common stock
outstanding throughout each period:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six
Months
ended
April 30, 2009
(unaudited)
|
|
|
|
|
|
|
|
|
|
Year
ended October 31,
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2008
|
|
2007
|
|
2006
|
|
2005
|
|
2004
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset
value, beginning of period
|
|
|
|
$9.88
|
|
|
|
$14.02
|
|
|
$14.69
|
|
|
$14.39
|
|
|
$15.10
|
|
|
$14.93
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment Operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment
income
|
|
|
|
0.37
|
|
|
|
0.91
|
|
|
0.85
|
|
|
0.81
|
|
|
0.85
|
|
|
0.88
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
realized and unrealized gain (loss) on investments and futures contracts
|
|
|
|
(0.33
|
)
|
|
|
(4.04
|
)
|
|
(0.72
|
)
|
|
0.33
|
|
|
(0.46
|
)
|
|
0.26
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total from
investment operations
|
|
|
|
0.04
|
|
|
|
(3.13
|
)
|
|
0.13
|
|
|
1.14
|
|
|
0.39
|
|
|
1.14
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends and Distributions on Preferred Stock
from:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income
|
|
|
|
(0.04
|
)
|
|
|
(0.30
|
)
|
|
(0.29
|
)
|
|
(0.25
|
)
|
|
(0.15
|
)
|
|
(0.10
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
realized gains
|
|
|
|
—
|
|
|
|
—
|
|
|
—
|
|
|
(0.01
|
)
|
|
(0.03
|
)
|
|
(0.00
|
)*
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
dividends and distributions on preferred stock
|
|
|
|
(0.04
|
)
|
|
|
(0.30
|
)
|
|
(0.29
|
)
|
|
(0.26
|
)
|
|
(0.18
|
)
|
|
(0.10
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
increase (decrease) in net assets applicable to common stockholders resulting
from investment operations
|
|
|
|
—
|
|
|
|
(3.43
|
)
|
|
(0.16
|
)
|
|
0.88
|
|
|
0.21
|
|
|
1.04
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends and Distributions to Common Stockholders
from:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income
|
|
|
|
(0.36
|
)
|
|
|
(0.71
|
)
|
|
(0.51
|
)
|
|
(0.56
|
)
|
|
(0.68
|
)
|
|
(0.82
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
realized gains
|
|
|
|
—
|
|
|
|
—
|
|
|
—
|
|
|
(0.02
|
)
|
|
(0.24
|
)
|
|
(0.05
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
dividends and distributions to common shareholders
|
|
|
|
(0.36
|
)
|
|
|
(0.71
|
)
|
|
(0.51
|
)
|
|
(0.58
|
)
|
|
(0.92
|
)
|
|
(0.87
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset
value, end of period
|
|
|
|
$9.52
|
|
|
|
$9.88
|
|
|
$14.02
|
|
|
$14.69
|
|
|
$14.39
|
|
|
$15.10
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Market
price, end of period
|
|
|
|
$9.46
|
|
|
|
$9.62
|
|
|
$13.19
|
|
|
$13.11
|
|
|
$12.37
|
|
|
$13.29
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investment Return
(1)
|
|
|
|
2.31
|
%
|
|
|
(22.69
|
)%
|
|
4.50
|
%
|
|
11.02
|
%
|
|
(0.14
|
)%
|
|
4.41
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RATIOS/SUPPLEMENTAL DATA:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets
applicable to common stockholders, end of period (000)
|
|
|
|
$69,071
|
|
|
|
$71,743
|
|
|
$101,744
|
|
|
$106,576
|
|
|
$104,395
|
|
|
$109,552
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of expenses
to average net assets (2)(3)
|
|
|
|
2.16
|
%(4)
|
|
|
1.58
|
%
|
|
1.42
|
%
|
|
1.45
|
%
|
|
1.34
|
%
|
|
1.30
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of
net investment income to average net assets (2)
|
|
|
|
7.95
|
%(4)
|
|
|
7.17
|
%
|
|
5.93
|
%
|
|
5.64
|
%
|
|
5.73
|
%
|
|
5.89
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred
stock asset coverage per share (5)
|
|
|
|
$—
|
|
|
|
$115,196
|
|
|
$142,474
|
|
|
$146,878
|
|
|
$144,857
|
|
|
$149,534
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portfolio
turnover
|
|
|
|
8
|
%
|
|
|
17
|
%
|
|
46
|
%
|
|
32
|
%
|
|
26
|
%
|
|
82
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*
|
Less than $0.005 per common share
|
|
|
|
|
(1)
|
Total investment return is calculated assuming a purchase
of shares of common stock at the current market price on the first day of
each year and a sale of a share of common stock at the current market price
on the last day of each year reported. Dividends and distributions are
assumed, for purposes of this calculation, to be reinvested at prices
obtained under the Fund’s dividend reinvestment plan. Total investment return
does not reflect brokerage commissions or sales charges. Total investment
return for a period of less than one year is not annualized.
|
|
|
|
|
(2)
|
Calculated on the basis of income and expenses applicable
to both common stock and preferred stock relative to the average net assets
of common stockholders.
|
|
|
|
|
(3)
|
Inclusive of expenses offset by custody credits earned on
cash balances at the custodian bank. (See note 1(h) in Notes to Financial
Statements).
|
|
|
|
|
(4)
|
Annualized.
|
|
|
|
|
(5)
|
All preferred stock redeemed on April 24, 2009.
|
| 4.30.09
|
PIMCO Municipal Advantage
Fund Inc. Semi-Annual Report
15
|
|
|
|
P
IMCO Municipal Advantage Fund Inc.
|
Annual
Stockholder Meeting Results /
|
|
|
Proxy
Voting Policies & Procedures
|
|
|
(unaudited)
|
|
|
|
Stockholder Meeting Results:
The Fund held its annual stockholder
meeting on February 26, 2009, which was adjourned to March 13, 2009 with
respect to proposal 2, the proposal to liquidate and dissolve the Fund.
Stockholders voted as indicated below:
Proposal 1. Election of Directors
|
|
|
|
|
|
|
|
|
|
|
|
Affirmative
|
|
Withheld
Authority
|
|
|
|
|
|
|
|
|
|
Class II Director to serve until 2011:
|
|
|
|
|
|
|
|
|
Election of
Diana L. Taylor
|
|
|
5,094,690
|
|
|
1,774,907
|
|
|
Class III Director to serve until 2012:
|
|
|
|
|
|
|
|
|
Re-election
of R. Peter Sullivan III
|
|
|
5,132,439
|
|
|
1,737,158
|
|
Messrs. Paul Belica, Robert E.
Connor, Hans W. Kertess, John C. Maney and William B. Ogden IV continue to
serve as Directors of the Fund.
|
|
|
|
Proposal 2.
|
Approval of the Liquidation and Dissolution of the Fund,
as set forth in the Plan of Liquidation and Dissolution adopted by the Board
of Directors of the Fund.
|
|
|
|
|
|
|
Affirmative
|
|
3,699,858
|
|
|
Against
|
|
588,670
|
|
|
Abstain*
|
|
88,022
|
|
|
Broker Non-votes*
|
|
2,493,047
|
|
|
|
|
|
* Abstentions and broker non-votes had the same effect as
votes against Proposal 2, although they were considered present for the
purpose of determining the presence of a quorum.
|
Proxy Voting Policies & Procedures:
A description of the policies and
procedures that the Fund has adopted to determine how to vote proxies relating
to portfolio securities and information about how the Fund voted proxies
relating to portfolio securities held during the most recent twelve month
period ended June 30 is available (i) without charge, upon request, by calling
the Fund’s shareholder servicing agent at (800) 254-5197; (ii) on the Fund’s
website at www.allianzinvestors.com/closedendfunds; and (iii) on the Securities
and Exchange Commission’s website at www.sec.gov.
16
PIMCO Municipal Advantage Fund Inc. Semi-Annual Report
|
4.30.09
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Directors and Fund Officers
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Hans W. Kertess
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Brian S. Shlissel
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Director,
Chairman of the Board of Directors
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President
& Chief Executive Officer
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Paul Belica
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Lawrence G. Altadonna
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Director
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Treasurer,
Principal Financial & Accounting Officer
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Robert E. Connor
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Thomas J. Fuccillo
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Director
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Vice
President, Secretary & Chief Legal Officer
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John C. Maney
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Scott Whisten
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Director
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Assistant
Treasurer
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William B. Ogden, IV
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Richard J. Cochran
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Director
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Assistant
Treasurer
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R. Peter Sullivan III
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Youse E. Guia
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Director
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Chief
Compliance Officer
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Diana L. Taylor
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Kathleen A. Chapman
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Director
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Assistant
Secretary
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Lagan Srivastava
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Assistant
Secretary
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Investment Manager
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Allianz Global Investors Fund Management LLC
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1345 Avenue of the Americas
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New York, NY 10105
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Sub-Adviser
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Pacific Investment Management Company LLC
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840 Newport Center Drive
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Newport Beach, CA 92660
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Custodian & Accounting Agent
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State Street Bank & Trust Co.
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225 Franklin Street
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Boston, MA 02110
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Transfer Agent, Dividend Paying Agent and
Registrar
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PNC Global Investment Servicing
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P.O. Box 43027
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Providence, RI 02940-3027
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Independent Registered Public Accounting
Firm
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PricewaterhouseCoopers LLP
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300 Madison Avenue
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New York, NY 10017
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Legal Counsel
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Ropes & Gray LLP
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One International Place
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Boston, MA 02110-2624
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This report, including the financial information herein, is transmitted
to the stockholders of PIMCO Municipal Advantage Fund Inc. for their
information. It is not a prospectus, circular or representation intended for
use in the purchase of shares of the Fund or any securities mentioned in this
report.
The financial information included herein is taken from the records of
the Fund without examination by an independent registered public accounting
firm, who did not express an opinion.
Notice is hereby given in accordance with Section 23(c) of the
Investment Company Act of 1940, as amended, that from time to time the Fund may
purchase shares of its common stock in the open market.
The Fund files its complete schedules of portfolio holdings with the
Securities and Exchange Commission (“SEC”) for the first and third quarters of
its fiscal year on Form N-Q. The Fund’s Form N-Q is available on the SEC’s
website at www.sec.gov and may be reviewed and copied at the SEC’s Public
Reference Room in Washington, DC. Information on the operation of the Public
Reference Room may be obtained by calling (800) SEC-0330. The information on
Form N-Q is also available on the Fund’s website at
www.allianzinvestors.com/closedendfunds.
On March 9, 2009, the Fund submitted
CEO annual certification to the New York Stock Exchange (“NYSE”) on which the
Fund’s principal executive officer certified that he was not aware, as of the
date, of any violation by the Fund of the NYSE’s Corporate Governance listing
standards. In addition, as required by Section 302 of the Sarbanes-Oxley Act of
2002 and related SEC rules, the Fund’s principal executive and principal
financial officer made quarterly certifications, included in filings with the
SEC on Forms N-CSR and N-Q relating to, among other things, the Fund’s
disclosure controls and procedures and internal control over financial
reporting, as applicable.
Information on the Fund is available at
www.allianzinvestors.com/closedendfunds or by calling the Fund’s shareholder
servicing agent at (800) 254-5197.
|
ITEM 2.
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CODE OF ETHICS
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Not required in this filing.
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ITEM 3.
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AUDIT COMMITTEE FINANCIAL
EXPERT
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Not required in this filing.
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ITEM 4.
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PRINCIPAL
ACCOUNTANT FEES AND SERVICES
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Not required in this filing
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ITEM 5.
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AUDIT COMMITTEE OF LISTED
REGISTRANT
|
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Not required in this filing
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ITEM 6.
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SCHEDULE OF INVESTMENTS
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|
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|
Schedule of Investments is included
as part of the Report to Shareholders filed under Item 1 of this form.
|
|
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ITEM 7.
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DISCLOSURE OF PROXY VOTING
POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES
|
|
|
|
|
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Not required in this filing
|
|
|
|
|
ITEM 8.
|
PORTFOLIO MANAGERS OF
CLOSED-END MANAGEMENT INVESTMENT COMPANIES
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|
|
|
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Not required in this filing
|
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|
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ITEM 9.
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PURCHASES OF EQUITY SECURITIES
BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED COMPANIES
|
|
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|
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None
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ITEM 10.
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SUBMISSION
OF MATTERS TO A VOTE OF SECURITY HOLDERS
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There have been no material changes
to the procedures by which shareholders may recommend nominees to the
Fund’s Board of Trustees since the Fund last provided disclosure
in response to this item.
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ITEM 11.
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CONTROLS AND PROCEDURES
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(a) The registrant’s
President and Chief Executive Officer and Treasurer, Principal Financial & Accounting
Officer have concluded that the registrant’s disclosure controls
and procedures (as defined in Rule 30a-2(c) under the Act (17 CFR 270.30a
-3(c))), as amended 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 second fiscal quarter of the period
covered by this report that has materially affected, or is reasonably
likely to materially affect, the registrants control over financial
reporting.
|
|
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ITEM 12.
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EXHIBITS
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|
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(a)
Exhibit 99.302 Cert. - Certification pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002
(b) Exhibit 99.906 Cert. - Certification
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
|
Signature
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 Municipal Advantage Fund Inc.
By
/s/ Brian S. Shlissel
President & Chief
Executive Officer
Date
July 1, 2009
By
/s/ Lawrence G. Altadonna
Treasurer, Principal Financial & Accounting
Officer
Date
July 1, 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
July 1, 2009
By
/s/ Lawrence G. Altadonna
Treasurer, Principal Financial & Accounting Officer
Date
July 1, 2009
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