PIMCO Municipal Income Fund II, PIMCO California Municipal Income Fund II and PIMCO...

PIMCO Municipal Income Fund II, PIMCO California Municipal Income Fund II and
PIMCO New York Municipal Income Fund II Declare Monthly Common Share Income
Dividends

NEW YORK, Sept. 2, 2008 (GLOBE NEWSWIRE) -- The Boards of Trustees of PIMCO
Municipal Income Fund II (NYSE:PML), PIMCO California Municipal Income Fund II
(NYSE:PCK) and PIMCO New York Municipal Income Fund II (NYSE:PNI),
(collectively, the "Funds") announced today that they have declared the
following dividends on the Funds' common shares:

PIMCO Municipal Income Fund II $0.065 per common share
PIMCO California Municipal Income Fund II $0.07 per common share
PIMCO New York Municipal Income Fund II $0.06625 per common share
The dividends will be payable on October 1, 2008 to shareholders of record on
September 12, 2008, with an ex-dividend date of September 10, 2008.

At August 29, 2008, the Funds' net assets (a) were approximately:

(in millions)
PIMCO Municipal Income Fund II $1,281.4
PIMCO California Municipal Income Fund II $644.7
PIMCO New York Municipal Income Fund II $229.0

(a) Net assets are inclusive of Preferred Shares of $505 million,
$260 million and $90 million for the Municipal Income II,
California Municipal Income II and New York Municipal Income II
funds, respectively.
The Funds are closed-end management investment companies. The investment
objective of each Fund is to provide current income exempt from federal income
tax. California Municipal Income Fund II also seeks to provide current income
exempt from California state income taxes. New York Municipal Income Fund II
also seeks to provide income exempt from New York state and city income taxes.

Allianz Global Investors Fund Management LLC, 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 (NYSE:AZ).
Pacific Investment Management Company LLC, an Allianz Global Investors Fund
Management 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) 331-1710.

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.

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CONTACT: Christoph Hofmann
(800) 285-4086