PCN, PTY, PGP, PHK, PKO, RCS, PCM, PFL and PFN Declare Monthly Common Share Dividends.PIMCO PIMCO Pacific Investment Management Company Corporate Income Fund
* PIMCO Corporate Opportunity Fund
* PIMCO Global StocksPLUS & Income Fund
* PIMCO High Income Fund
* PIMCO Income Opportunity Fund
* PIMCO Strategic Global Government Fund, Inc.
* PCM (1) See phase change memory.
(2) (Plug Compatible Manufacturer) An organization that makes a computer or electronic device that is compatible with an existing machine. Fund, Inc.
* PIMCO Floating Rate Income Fund
* PIMCO Floating Rate Strategy Fund
NEW YORK -- The Boards of Trustees of PIMCO Corporate Income Fund (NYSE NYSE
See: New York Stock Exchange : PCN 1. PCN - Program Composition Notation.
2. (communications) PCN - Personal Communication Network. ), PIMCO Corporate Opportunity Fund (NYSE: PTY Pty Austral & S African Proprietary ), PIMCO Global StocksPLUS & Income Fund (NYSE: PGP (Pretty Good Privacy) A data encryption program from PGP Corporation, Palo Alto, CA (www.pgp.com). Published as freeware in 1991 and widely used around the world for encrypting e-mail messages and securing files, PGP is available for commercial use and as freeware for ), PIMCO High Income Fund (NYSE: PHK PHK Pink Honor Key (International Order of DeMolay) ), PIMCO Income Opportunity Fund (NYSE: PKO PKO Polska Kasa Opieki (Polish bank)
PKO Peace Keeping Operations
PKO Palm Kernel Oil
PKO Pirate King Online
PKO Public Key Organization
PKO Public Key Security Object ), PIMCO Strategic Global Government Fund, Inc. (NYSE: RCS (1) (Remote Computer Service) A remote timesharing service.
(2) (Revision Control System) A Unix utility that provides version control.
RCS - Revision Control System ), PCM Fund, Inc. (NYSE: PCM), PIMCO Floating Rate Income Fund (NYSE: PFL 1. (language) PFL - A concurrent extension of ML by Holmstrom and Matthews, using CCS.
["PFL: A Functional Language for Parallel Programming", S. Holmstrom in Proc Declarative Language Workshop, London 1983].
2. ) and PIMCO Floating Rate Strategy Fund (NYSE: PFN), (collectively, the "Funds") announced today that they have declared the following dividends on the Funds' common shares:
The dividends will be payable on November 2, 2009 to shareholders of record on October 13, 2009, with an ex-dividend date of October 8, 2009.
With respect to PKO, based on projections through the payable date, it is expected that this distribution will be comprised of net investment income, as well as net gains from the sale of portfolio securities and other sources. PKO will provide a notice accompanying each monthly distribution with respect to the estimated source of the distribution made, which could be from net income, gains and/or return of capital, and will indicate the proportion of its capital gain distributions that constitute short-term and long-term gains annually.
At September 30, 2009, the Funds' net assets were approximately:
< (in millions) PIMCO Corporate Income Fund (a) < $628.4 PIMCO Corporate Opportunity Fund (a) < $1,205.1 PIMCO Global StocksPLUS & Income Funds < $103.3 PIMCO High Income Fund (a) < $1,167.2 PIMCO Income Opportunity Fund < $299.8 PIMCO Strategic Global Government Fund, Inc. < $344.4 PCM Fund, Inc. < $82.6 PIMCO Floating Rate Income Fund (a) < $271.7 PIMCO Floating Rate Strategy Fund (a) < $552.3 [TABLE OMITTED]
The Funds are closed-end management investment companies. The primary objective of PCN is to seek high current income with secondary objectives of capital preservation and appreciation. The investment objective of PTY is to seek maximum total return through a combination of current income and capital appreciation. The primary objective of PGP is to provide total return through a combination of current income, current gains and long-term capital appreciation. PHK's primary objective is to seek high current income with capital appreciation as a secondary objective. PKO's investment objective is to seek current income as a primary focus and also capital appreciation. RCS's primary objective is to generate a level of income higher than that generated by high-quality, intermediate-term U.S. debt securities, with a secondary objective of seeking to maintain volatility in the net asset value of its shares comparable to that of high-quality, intermediate-term U.S. debt securities. PCM seeks high current income as a primary objective and capital gains as a secondary objective. PFL and PFN's investment objective is to seek high current income, consistent with the preservation of capital Preservation of Capital
An investment strategy whose primary goal is to prevent the loss of an investment's total value.
For investors using the capital preservation strategy to achieve their goal, they must ensure their portfolio is producing a return that is at . There can be no assurance that the Funds will meet their stated objectives.
Allianz Global Investors Fund Management LLC, an indirect, wholly-owned subsidiary of Allianz Global Investors of America L.P., serves as the Funds' investment manager and is a member of Munich-based Allianz Group (NYSE: AZ). Pacific Investment Management Company LLC, an Allianz Global Investors Fund Management affiliate, serves as the Funds' sub-adviser.
The Funds' daily New York Stock Exchange New York Stock Exchange (NYSE)
World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. closing prices, net asset values per share, as well as other information, including updated portfolio statistics and performance are available at www.allianzinvestors.com or by calling the Funds' shareholder servicing agent at (800) 254-5197.
Statements made in this release that look forward in time involve risks and uncertainties and are forward looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Funds' performance, a general downturn in the economy, competition from other companies, changes in government policy or regulation, inability to attract or retain key employees, inability to implement its operating strategy and/or acquisition strategy, and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations. The Funds' ability to pay dividends to common shareholders is subject to the restrictions in their registration statement, by-laws and other governing documents, as well as the Investment Act of 1940.
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|Date:||Oct 1, 2009|
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