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

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

$0.10625

        
      
      
        
        
        
          PIMCO 
          Corporate Opportunity Fund
        
        
        
        
        
        
        
        
          $0.115
        
      
      
        
        
        
          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
        
        
        
        
        
        
        
        
          $0.075
        
      
      
        
        
        
          PIMCO 
          Income Strategy Fund II
        
        
        
        
        
        
        
        
          $0.065
        
      
    
    

The dividends will be payable on December 1, 2011 to shareholders of record on November 14, 2011, with an ex-dividend date of November 9, 2011.

The Funds’ amended Dividend Reinvestment Plan will become effective on November 15, 2011, for distributions paid after December 15, 2011. A copy of the amended Plan for each Fund is available at http://www.allianzinvestors.com/closedendfunds.

At October 31, 2011, the Funds’ net assets were approximately:

(in millions)

        
      
      
        
        
        
          PIMCO Corporate Income Fund (a)
        
        
        
        
        
        
        
        
          $684.0
        
      
      
        
        
        
          PIMCO Corporate Opportunity Fund (a)
        
        
        
        
        
        
        
        
          $1,348.7
        
      
      
        
        
        
          PIMCO Global StocksPLUS® & Income Fund
        
        
        
        
        
        
        
        
          $120.5
        
      
      
        
        
        
          PIMCO High Income Fund (a)
        
        
        
        
        
        
        
        
          $1,221.4
        
      
      
        
        
        
          PIMCO Income Opportunity Fund
        
        
        
        
        
        
        
        
          $359.9
        
      
      
        
        
        
          PIMCO Strategic Global Government Fund, Inc
        
        
        
        
        
        
        
        
          $369.2
        
      
      
        
        
        
          PCM Fund, Inc
        
        
        
        
        
        
        
        
          $111.7
        
      
      
        
        
        
          PIMCO Income Strategy Fund (a)
        
        
        
        
        
        
        
        
          $339.1
        
      
      
        
        
        
          PIMCO Income Strategy Fund II (a)
        
        
        
        
        
        
        
        
          $704.2
        
      
    
    

(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 http://www.allianzinvestors.com/closedendfunds 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.