---------------------------- OMB APPROVAL UNITED STATES ------------ SECURITIES AND EXCHANGE COMMISSION OMB Number: 3235-0578 WASHINGTON, DC 20549 Expires: February 28, 2006 Estimated average burden FORM N-Q hours per response: 20.0 ---------------------------- QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act File Number: 811-10381 Registrant Name: PIMCO New York Municipal Income Fund Address of Principal Executive Offices: 1345 Avenue of the Americas New York, New York 10105 Name and Address of Agent for Service: Lawrence G. Altadonna - 1345 Avenue of the Americas New York, New York 10105 Registrant's telephone number, including area code: 212-739-3371 Date of Fiscal Year End: 4/30 Date of Reporting Period: 7/31 Form N-Q is to be used by the registered management investment company, other than a small business investment company registered on Form N-5 (ss.ss. 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 30b 1-5 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. ss. 3507. ITEM 1. SCHEDULE OF INVESTMENTS PIMCO NEW YORK MUNICIPAL INCOME FUND SCHEDULE OF INVESTMENTS JULY 31, 2004 (UNAUDITED) PRINCIPAL AMOUNT CREDIT RATINGS (000) (MOODY'S/S&P) VALUE ---------------------------------------------------------------------------------------------------------- NEW YORK MUNICIPAL BONDS & NOTES - 81.9% $ 3,265 Albany Indl. Dev. Agcy. Civic Fac. Rev., 5.30%, 4/1/29, Ser. A ...................................... Baa2/NR $3,242,537 1,000 Long Island Power Auth. Elec. Syst. Rev, 5375%, 5/1/33, Ser. L (a) .................................. Baa1/A- 1,005,240 Metropolitan Transportation Auth., New York Service Contract, Ser A, 6,040 5.00%, 7/1/25 (FGIC) ....................................... Aaa/AAA 6,110,547 8,150 5.00%, 7/1/30 (AMBAC) ...................................... Aaa/AAA 8,160,187 1,375 5.125%, 1/1/29 ............................................. A3/AA- 1,373,982 1,500 Monroe Tobacco Asset Securitization Corp. Rev., 6.375%, 6/1/35 ............................................. Baa1/BBB 1,428,750 New York City, GO, Ser. J, 5,000 5.125%, 5/15/29 (MBIA) ..................................... Aaa/AAA 5,035,200 300 5.25%, 6/1/28 .............................................. A2/A 303,783 New York City Muni. Water Fin. Auth., Water & Sewer Syst. Rev., 7,605 4.75%, 6/15/31, Ser. A (FGIC) .............................. Aaa/AAA 7,281,864 7,000 5.125%, 6/15/21, Ser. A (AMBAC) ............................ Aaa/AAA 7,228,340 5,000 5.125%, 6/15/33, Ser. C .................................... Aa2/AA+ 5,030,200 5,000 5.25%, 6/15/25, Ser. D ..................................... Aa2/AA+ 5,148,950 2,750 New York City Transitional Fin. Auth., Rev., ................... 2,752,557 4.75%, 11/15/23, Ser. B .................................... Aa2/AA+ 1,000 Niagara Falls Public Water Auth., Water & Sewer Syst. Rev., 5.00%, 7/15/34, Ser. A (MBIA) .............................. Aaa/AAA 999,970 Port Auth. of New York & New Jersey Rev., 3,000 5.00%, 9/1/29 .............................................. A1/AA- 2,957,700 5,000 5.00%, 9/1/38 .............................................. A1/AA- 4,903,550 4,515 Sachem Central School Dist. of Holbrook, GO., 5.00%, 10/15/30, Ser B (MBIA) .............................. Aaa/AAA 4,527,868 6,550 State Dormitory Auth. Lease Rev., .............................. 6,302,344 4.75%, 1/15/29, Ser. 1 (FSA) ............................... Aaa/AAA State Dormitory Auth. Rev., Augustana Lutheran Home for the Aged Inc., 1,435 5.50%, 2/1/41 (MBIA) ....................................... Aaa/AAA 1,480,145 100 5.40%, 2/1/31 (MBIA) ....................................... Aaa/AAA 102,462 7,000 State Dormitory Auth. Rev., New York & Presbyterian Hosp., 4.75%, 8/1/27 (AMBAC) ...................................... Aaa/AAA 6,771,730 8,000 State Dormitory Auth. Rev., Lenox Hill Hosp. Oblig. Group, 5.50%, 7/1/30 .............................................. A3/NR 8,205,680 4,000 State Dormitory Auth. Rev., Memorial Sloan-Kettering Center, 5.00%, 7/1/34, Ser. 1 ...................................... Aa2/AA 3,975,240 State Dormitory Auth. Rev., Mental Health Services Fac. Improvement, Ser D, (MBIA) 15 4.75%, 2/15/25 (Pre-refunded @ 100, 8/15/08) (b) ........... Aaa/AAA 16,331 7,985 4.75%, 2/15/25 ............................................. Aaa/AAA 7,861,392 1,825 State Dormitory Auth. Rev., Mount Sinai Health, Ser. A, 6.50%, 7/1/25 .............................................. Ba1/BB 1,837,958 845 State Dormitory Auth. Rev., New York Univ., 5.50%, 7/1/20-7/1/21, Ser. 2 (AMBAC) ....................... Aaa/AAA 918,023 2,250 5.00%, 7/1/11, Ser. B, (MBIA) .............................. Aaa/NR 2,471,378 State Dormitory Auth. Rev., State Univ., Ser B., (FSA) 1,045 4.75%, 5/15/28 ............................................. Aaa/AAA 1,007,411 1,270 4.75%, 5/15/28 (Pre-refunded @ 101, 5/15/08) (b) ........... Aaa/AAA 1,381,100 PIMCO NEW YORK MUNICIPAL INCOME FUND SCHEDULE OF INVESTMENTS JULY 31, 2004 (UNAUDITED) (CONTINUED) PRINCIPAL AMOUNT CREDIT RATINGS (000) (MOODY'S/S&P) VALUE ---------------------------------------------------------------------------------------------------------- NEW YORK MUNICIPAL BONDS & NOTES (CONTINUED) $ 1,275 State Dormitory Auth. Rev., Winthrop Univ. Hosp. Assoc., 5.25%, 7/1/31, Ser. A (AMBAC) ........................... Aaa/AAA $ 1,304,746 5,000 State Thruway Auth. General Rev., 4.75%, 1/1/19, Ser. E ................................... Aa3/AA- 5,085,650 3,975 State Urban Dev. Corp. Rev., Correctional Facility Service 4.75%, 1/1/28, Ser. B (AMBAC) (Pre-refunded 101, 1/1/09)(b) Aaa/AAA 4,315,618 130 Tobacco Trust II Rev., 5.75%, 6/1/43 ........................................... Baa1/BBB 110,027 7,000 Triborough Bridge & Tunnel Auth. Rev., 5.00%, 1/1/27-1/1/32, Ser. A ............................ Aa3/AA- 6,942,810 2,945 Warren & Washington Cntys, Industrial Development Agency, Glens Falls Hospital Project, 5.00%, 12/1/27, Ser C (FSA) Aaa/AAA 2,957,870 ------------- Total New York Municipal Bonds & Notes (cost-$127,449,228) 130,539,140 ------------- OTHER MUNICIPAL BONDS & NOTES -7.2% CALIFORNIA - 1.1% 1,240 State Economic Recovery, 21.015%, 1/1/10 (c) (d) Aa3/NR 1,856,714 ------------- ILLINOIS - 2.5% 4,000 Illinois Educational Facilities Auth Rev., 5.00%, 7/1/33, Ser. A ................................... Aa1/AA 3,951,600 ------------- LOUISIANA - 0.4% 750 Tobacco Settlement Finance Corp., 5.875%, 5/15/39, Ser. 2001-B ............................ Baa3/BBB 613,200 ------------- PUERTO RICO - 3.2% 1,500 Commonwealth Hwy. & Transportation Auth Rev., 5.25%, 7/1/38, Ser. D ................................... Baa1/A 1,510,545 500 Electric Power Authority Power Rev., 5.125%, 7/1/29, Ser NN .................................. A3/A- 501,930 195 Puerto Rico, GO, 5.00%, 7/1/11, Ser A ...................... Baa1/AAA 214,691 1,305 Puerto Rico, GO, 5.00%, 7/1/11, Ser A ...................... Baa1/A- 1,408,369 1,300 Public Finance Corp., 5.75%, 8/1/27, Ser. A ................ Baa2/BBB+ 1,444,235 ------------- 5,079,770 ------------- Total Other Municipal Bonds & Notes (cost-$11,345,344) 11,501,284 ------------- NEW YORK VARIABLE RATE NOTES (c) (d)-8.2% 5,173 New York City Transitional Fin. Auth. Rev., 8.12%, 11/1/23, Ser. 362 ................................ Aa2/NR 5,183,569 Tobacco Trust II Rev., 4,240 9.139%, 12/1/09 ......................................... A1/A 3,160,963 6,780 9.377%, 12/1/09 ......................................... A1/A 4,752,373 ------------- Total New York Variable Rate Notes (cost-$15,994,660) ...... 13,096,905 ------------- NEW YORK SHORT-TERM VARIABLE RATE DEMAND NOTES (c) (f)-1.7% 800 New York City, GO, 1.07%, 8/2/04 ........................................... Aa2/AA+ 800,000 2,000 New York Local Government Assistance Corp., 1.03%, 8/4/04, Ser A .................................... Aaa/AAA 2,000,000 ------------- Total New York Short-term Variable Rate Demand Notes (cost-$2,800,000) 2,800,000 ------------- PIMCO NEW YORK MUNICIPAL INCOME FUND SCHEDULE OF INVESTMENTS JULY 31, 2004 (UNAUDITED) (CONTINUED) PRINCIPAL AMOUNT CREDIT RATINGS (000) (MOODY'S/S&P) VALUE ------------------------------------------------------------------------------------------------------------------------- U.S. TREASURY BILLS (g) - 1.1% $1,700 1.135%-1.31499%, 9/2/04-9/16/04, (cost-$1,697,252)......................... AAA/AAA $ 1,697,383 ------------- Total Investments before call options written (cost-$159,286,484)-100.1%...... 159,634,712 ------------- CALL OPTIONS WRITTEN (h)-(0.1)% Contracts U.S. Treasury Bond Futures, Chicago Board of Trade: (47) Strike price $110, expires 8/27/04 ...................................... (59,484) (70) Strike price $108, expires 8/27/04 ...................................... (88,594) (70) Strike price $109, expires 8/27/04 ...................................... (55,781) ------------- Total call options written (premiums received-$110,694) ........................ (203,859) ------------- Total Investments, net of call options written (cost-$159,397,178)-100%......... $ 159,430,853 ------------- NOTES TO SCHEDULE OF INVESTMENTS: (a) Illiquid Security (b) 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. (c) Variable Rate Notes are 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). (d) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, typically to qualified institutional investors. (e) Residual Interest Municipal Bonds. The interest rate shown bears an inverse relationship to the interest rate on another security or the value of an index. (f) Maturity date shown is date of next call. (g) All or partial principal amount segregated as intial margin on financial futures contracts. (h) Non-income producing securities Glossary: AMBAC- insured by American Municipal Bond Assurance Corp. FGIC- insured by insured Financial Guaranty Insurance Co. FSA- insured by Financial Security Assurance, Inc. GO- General Obligation Bonds MBIA- insured by Municipal Bond Investors Assurance NR- not rated ITEM 2. CONTROLS AND PROCEDURES (a) The registrant's President and Chief Executive Officer and Principal Financial Officer have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-2(c) under the Investment Company Act of 1940, 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 or in factors that could affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses. ITEM 3. EXHIBITS (a) Exhibit 99.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 New York Municipal Income Fund By /s/ Brian S. Shlissel President & Chief Executive Officer Date: September 24, 2004 By /s/ Lawrence G. Altadonna Treasurer, Principal Financial & Accounting Officer Date: September 24, 2004 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 dated indicated. By /s/ Brian S. Shlissel President & Chief Executive Officer Date: September 24, 2004 By /s/ Lawrence G. Altadonna Treasurer, Principal Financial & Accounting Officer Date: September 24, 2004