PCN, PTY, PGP, PHK, PKO, RCS, PCM, PFL and PFN Declare Monthly Common Share Dividends
October 01 2009 - 4:00PM
Business Wire
The Boards of Trustees of PIMCO Corporate Income Fund (NYSE:
PCN), PIMCO Corporate Opportunity Fund (NYSE: PTY), PIMCO Global
StocksPLUS & Income Fund (NYSE: PGP), PIMCO High Income Fund
(NYSE: PHK), PIMCO Income Opportunity Fund (NYSE: PKO), PIMCO
Strategic Global Government Fund, Inc. (NYSE: RCS), PCM Fund, Inc.
(NYSE: PCM), PIMCO Floating Rate Income Fund (NYSE: PFL) 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:
PIMCO Corporate Income Fund $0.10625 per common share
PIMCO Corporate Opportunity Fund $0.115 per common share PIMCO
Global StocksPLUS & Income Fund $0.18335 per common share PIMCO
High Income Fund $0.121875 per common share PIMCO Income
Opportunity Fund $0.177 per common share PIMCO Strategic Global
Government Fund, Inc. $0.065 per common share PCM Fund, Inc. $0.07
per common share PIMCO Floating Rate Income Fund $0.06269 per
common share PIMCO Floating Rate Strategy Fund $0.05852 per common
share
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 (a)
Net assets are inclusive of market value of Preferred Shares
of $169 million, $325 million, $292 million, $78,975,000 million
and $161 million for PCN, PTY, PHK, PFL and PFN respectively.
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. 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 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
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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