PCN, PTY, PGP, PHK, PKO, RCS, PCM, PFL and PFN Declare Monthly Common Share Dividends
May 01 2012 - 3:00PM
Business Wire
The Boards of Trustees of PIMCO Corporate &
Income Strategy Fund (NYSE: PCN), PIMCO Corporate & Income
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 Strategy
Fund
$0.1125
PIMCO Corporate & Income Opportunity
Fund
$0.13
PIMCO Global StocksPLUS® & Income
Fund
$0.18335
PIMCO High Income Fund
$0.121875
PIMCO Income Opportunity Fund
$0.19
PIMCO Strategic Global Government Fund,
Inc.
$0.08
PCM Fund, Inc.
$0.08
PIMCO Income Strategy Fund
$0.09
PIMCO Income Strategy Fund II
$0.08
The dividends will be payable on June 1, 2012 to shareholders of
record on May 11, 2012, with an ex-dividend date of May 9,
2012.
PCN, PTY, PFL and PFN increased their monthly dividends. PCN
increased its dividend to $0.1125 per share from $0.10625 per
share, PTY increased its dividend to $0.13 per share from $0.115
per share, PFL increased its dividend to $0.09 per share from
$0.075 per share and PFN increased its dividend to $0.08 per share
from $0.065 per share.
At April 30, 2012, the Funds’ net assets were
approximately:
(in millions) PIMCO Corporate &
Income Strategy Fund (a) $708.9 PIMCO Corporate & Income
Opportunity Fund (a) $1,388.3 PIMCO Global StocksPLUS® & Income
Fund $126.6 PIMCO High Income Fund (a) $1,254.2 PIMCO Income
Opportunity Fund $368.5 PIMCO Strategic Global Government Fund,
Inc. $374.6 PCM Fund, Inc. $117.6 PIMCO Income Strategy Fund (a)
$350.5 PIMCO Income Strategy Fund II (a) $736.5
(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 Asset Management 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 market prices,
net asset values per share, as well as other information, including
updated portfolio statistics and performance are available at
http://www.allianzinvestors.com/closedendfunds 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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