Exhibit h.5 PIMCO Municipal Income Fund III Auction Preferred Shares Par Value $0.00001 Per Share UNDERWRITING AGREEMENT December 17, 2002 UNDERWRITING AGREEMENTUnderwriting Agreement • December 17th, 2002 • Pimco Municipal Income Fund Iii • New York
ARTICLE 1 Agreement and Declaration of Trust and Principal OfficeBylaws • December 17th, 2002 • Pimco Municipal Income Fund Iii
