PCN, PTY, PFL, PKO, RCS and PCM Declare Special Year-End Income Dividends

The Boards of Trustees of PIMCO Corporate Income Fund (NYSE: PCN), PIMCO Corporate Opportunity Fund (NYSE: PTY), PIMCO Income Strategy Fund (NYSE: PFL), PIMCO Income Opportunity Fund (NYSE: PKO), PIMCO Strategic Global Government Fund, Inc. (NYSE: RCS) and PCM Fund, Inc., (NYSE: PCM) (collectively, the “Funds”) announced today they have declared the following special year-end income dividends on the Funds’ common shares:

    
      
        
           
        
        
           
        
        
           
        
        
           
        
        
          PIMCO Corporate Income Fund
        
        
           
        
        
           
        
        
           
        
        
          $0.49
        
        
           
        
        
          per common share
        
      
      
        
        
        
        
        
        
        
        
        
          PIMCO Corporate Opportunity Fund
        
        
        
        
        
        
        
        
          $0.69
        
        
        
        
          per common share
        
      
      
        
        
        
        
        
        
        
        
        
          PIMCO Income Strategy Fund
        
        
        
        
        
        
        
        
          $0.16
        
        
        
        
          per common share
        
      
      
        
        
        
        
        
        
        
        
        
          PIMCO Income Opportunity Fund
        
        
        
        
        
        
        
        
          $0.78
        
        
        
        
          per common share
        
      
      
        
        
        
        
        
        
        
        
        
          PIMCO Strategic Global Government Fund, Inc.
        
        
        
        
        
        
        
        
          $0.44
        
        
        
        
          per common share
        
      
      
        
        
        
        
        
        
        
        
        
          PCM Fund, Inc.
        
        
        
        
        
        
        
        
          $0.10
        
        
        
        
          per common share
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
    
    

The dividends will be payable on January 20, 2012 to shareholders of record on December 30, 2011, with an ex-dividend date of December 28, 2011.

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. PFL’s investment objective is to seek high current income, consistent with the preservation of capital. 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. 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 http://www.allianzinvestors.com or by calling the Funds’ shareholder servicing agent at [phone].

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.