March 26, 2012 at 16:00 PM EDT
PIMCO Strategic Global Government Fund, Inc. Reports Results for the Fiscal Quarter and Year Ended January 31, 2012

PIMCO Strategic Global Government Fund, Inc. (the "Fund") (NYSE: RCS), a non-diversified, closed-end management investment company which as a primary objective seeks to generate, over time, a level of income higher than that generated by high-quality, intermediate-term U.S. debt securities and as a secondary objective, seeks to maintain volatility in the net asset value of the shares of the Fund comparable to that of high-quality, intermediate-term U.S. debt securities, today announced its results for the fiscal quarter and year ended January 31, 2012.

At January 31,

2012

2011

Net Assets $357,712,095 $394,694,813
Shares Outstanding 40,128,991 39,603,580
Net Asset Value ("NAV") $8.91 $9.97
Market Price $11.80 $10.44
Premium to NAV 32.44 % 4.71 %
Undistributed Net Investment
Income Per Share (b) $0.0595 $0.0621

Quarter ended January 31,

2012

2011

Net Investment Income (a) $12,411,538 $13,534,546
Per Share (a) $0.31 $0.35
Net Realized and Change in Unrealized Gain (Loss) (a) $467,795 $(5,700,282 )
Per Share (a) $0.02 $(0.14 )

Year ended January 31,

2012

2011

Net Investment Income (a) $54,089,418 $49,757,755
Per Share (a) $1.36 $1.27
Net Realized and Change in Unrealized Gain (Loss) (a) $(41,350,482 ) $40,709,720
Per Share (a) $(1.03 ) $1.04

(a)

The information provided is in accordance with Generally Accepted Accounting Principles ("GAAP"), which requires the Fund to treat amounts accrued by the Fund under swap agreements as net realized and unrealized gain (loss). However, these amounts are treated as net investment income (loss) for federal income tax purposes. By using GAAP, Net Investment Income for the fiscal quarter and year ended January 31, 2012 was $156,466 ($0.01 per share) and $2,263,478 ($0.06 per share) higher, respectively, and Net Realized and Change in Unrealized Gain (Loss) correspondingly lower/higher than those figures would have been if swaps amounts treated as net investment loss. By using GAAP, Net Investment Income for the fiscal quarter and year ended January 31, 2011 was $104,075 (less than $0.01 per share) and $110,258 (less than $0.01 per share) lower, respectively, and net Realized and Change in Unrealized Gain (Loss) correspondingly higher/lower than those figures would have been if swap amounts were treated as net investment income.

(b) Since the Fund’s net earning rates fluctuate from month to month, there will be periods when the Fund may over-earn or under-earn its monthly dividend rate. This fluctuation will have the effect of adding to or subtracting from the Fund's undistributed net investment income balance. Fund management analyzes the current and projected net earning rates prior to recommending dividend amounts to the Fund's Board of Directors for declaration. There can be no assurance that the monthly dividend rate will remain at its current level or that the undistributed net investment income balance will be sufficient to cover any shortfall in earnings to meet the current dividend rate. The undistributed net investment income balance is inclusive of swap income (or loss), paydown gains and net gain (or loss) from foreign currency transactions in accordance with federal income tax treatment of these items.

Allianz Global Investors Fund Management LLC ("AGIFM"), an indirect, wholly-owned subsidiary of Allianz Asset Management of America L.P., (formerly Allianz Global Investors of America L.P.), serves as the Fund's investment manager and is a member of Munich-based Allianz Group. Pacific Investment Management Company LLC, an AGIFM affiliate, serves as the Fund's sub-adviser.

The Fund's daily New York Stock Exchange closing market price, NAV, as well as other information, is available at http://www.allianzinvestors.com/closedendfunds or by calling the Fund's shareholder servicing agent at (800) 254-5197.

The financial information contained herein is solely based upon the data available at the time of publication of this press release, and there is no assurance that any future results will be the same or similar to what is reported herein. Information that was obtained from third party sources we believe to be reliable is not guaranteed as to its accuracy or completeness. This press release contains no recommendations to buy or sell any specific securities and should not be considered investment advice of any kind. Past performance is no guarantee of future results and the investment returns generated by the Fund will fluctuate. There can be no assurance the Fund will meet its stated objectives. In making any investment decision, individuals should utilize other information sources and the advice of their own professional adviser.

Contacts:

For Information on PIMCO Closed-End Funds:
Financial Advisors: 800-628-1237
Shareholders: 800-254-5197
Media Relations: 212-739-3501
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here