PCN, PTY, PGP, PHK, PKO, RCS, PCM, PFL, and PFN Declare Monthly Common Share Dividends

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 Income Strategy Fund (NYSE: PFL) and PIMCO Income Strategy Fund II (NYSE: PFN) (collectively, the “Funds”) announced today that they have declared the following dividends on the Funds’ common shares:

Per Common Share

PIMCO 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 Fund, Inc.


PIMCO Income Strategy Fund


PIMCO Income Strategy Fund II


The dividends will be payable on August 1, 2011 to shareholders of record on July 11, 2011, with an ex-dividend date of July 7, 2011.

At June 30, 2011, the Funds’ net assets were approximately:

(in millions)

PIMCO Corporate Income Fund (a) $ 741.3
PIMCO Corporate Opportunity Fund (a) $ 1,456.9
PIMCO Global StocksPLUS® & Income Fund $ 147.4
PIMCO High Income Fund (a) $ 1,393.1
PIMCO Income Opportunity Fund $ 380.6

PIMCO Strategic Global Government Fund, Inc.

$ 396.2

PCM Fund, Inc.

$ 117.7
PIMCO Income Strategy Fund (a) $ 359.6
PIMCO Income Strategy Fund II (a) $ 743.8

(a) Net assets are inclusive of Preferred Shares of $169 million, $325 million, $292 million, $78,975,000 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 (“AGIFM”), 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. Pacific Investment Management Company LLC, an AGIFM 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.


For Information on PIMCO Closed-End Funds:
Financial Advisors: (800) 628-1237
Shareholders: (800) 285-4086
Media Relations: (212) 739-3501
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