NEW YORK, June 13, 2008 (PRIME NEWSWIRE) -- The Board of Directors of PIMCO Strategic Global Government Fund, Inc. (the "Fund") (NYSE:RCS), a closed-end management investment company whose 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, announced today that it has declared a dividend of $0.065 cents per share.
The dividend will be payable on July 10, 2008 to shareholders of record on June 30, 2008, with an ex-dividend date of June 26, 2008.
As previously announced, commencing in July 2008, the Fund's monthly dividend will be declared on the first business day of each month and paid on the first business day of the following month.
Allianz Global Investors Fund Management LLC, an indirect, wholly-owned subsidiary of Allianz Global Investors of America L.P., serves as the Fund's 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 Fund's sub-adviser.
The Fund's daily New York Stock Exchange closing price, net asset value per share, as well as other information, including updated portfolio statistics and performance is available at www.allianzinvestors.com/closedendfunds or by calling the Fund's 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 Fund's 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.