PIMCO Closed-End Funds Declare Monthly Common Share Dividends

* PIMCO Corporate Income Fund
* PIMCO Corporate Opportunity Fund
* PIMCO Global StocksPLUS & Income Fund
* PIMCO High Income Fund
* PIMCO Income Opportunity Fund
* PIMCO Strategic Global Government Fund, Inc.
* PCM Fund, Inc.

NEW YORK--(Business Wire)--
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) and PCM
Fund, Inc. (NYSE: PCM), (collectively, the "Funds") announced today that they
have declared the following dividends on the Funds` common shares:

PIMCO Corporate Income Fund $0.10625 per common share
PIMCO Corporate Opportunity Fund $0.115 per common share
PIMCO Global StocksPLUS & Income Fund $0.18335 per common share
PIMCO High Income Fund $0.121875 per common share
PIMCO Income Opportunity Fund $0.177 per common share
PIMCO Strategic Global Government Fund, Inc. $0.065 per common share
PCM Fund, Inc. $0.07 per common share

The dividends will be payable on July 1, 2009 to shareholders of record on June
11, 2009, with an ex-dividend date of June 9, 2009.

With respect to PKO, based on projections through the payable date, it is
expected that this distribution will be comprised of net investment income, as
well as net gains from the sale of portfolio securities and other sources. PKO
will provide a notice accompanying each monthly distribution with respect to the
estimated source of the distribution made, which could be from net income, gains
and/or return of capital, and will indicate the proportion of its capital gain
distributions that constitute short-term and long-term gains annually.

At May 31, 2009, the Funds` net assets were approximately:

(in millions)
PIMCO Corporate Income Fund (a) $522.3
PIMCO Corporate Opportunity Fund (a) $994.9
PIMCO Global StocksPLUS & Income Funds $84.2
PIMCO High Income Fund (a) $943.2
PIMCO Income Opportunity Fund $256.8
PIMCO Strategic Global Government Fund, Inc. $300.6
PCM Fund, Inc. $67.7

(a) Net assets are inclusive of market value of Preferred Shares of $169 million, $325 million and $292 million for PCN, PTY and PHK, 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. There
can be no assurance the Funds will meet their stated objectives.

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 (866) 298-8462.

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.

For Information on PIMCO Closed-end Funds:
Financial Advisors: (800) 628-1237
Shareholders: (800) 285-4086
Media Relations: (212) 739-3501

Copyright Business Wire 2009