--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.

--PIMCO Income Strategy Fund

--PIMCO Income Strategy Fund II

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:

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. $0.075 per common share PCM Fund, Inc. $0.08 per common share PIMCO Income Strategy Fund $0.075 per common share PIMCO Income Strategy Fund II $0.065 per common share

The dividends will be payable on August 2, 2010 to shareholders of record on July 12, 2010, with an ex-dividend date of July 8, 2010.

Monthly distributions increased for PCM, PFL, PFN and RCS. PCM increased its monthly distribution to $0.08 from $0.07 per month. PFL raised its dividend to $0.075 from $0.06282 per share and PFN raised its dividend to $0.065 from $0.05866 per month. Lastly, RCS raised its monthly dividend to $0.075 from $0.065 per month.

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 June 30, 2010, the Funds' net assets were approximately:

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 www.allianzinvestors.com 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.

SOURCE: PIMCO Closed-End Funds

PIMCO Closed-End Funds: Financial Advisors: 800-628-1237 Shareholders: 800-285-4086 Media Relations: 212-739-3501