NEW YORK, April 18, 2005 (PRIMEZONE) -- PIMCO Corporate Opportunity Fund (the "Fund") (NYSE:PTY), a closed-end management investment company which seeks maximum total return through a combination of current income and capital appreciation, today announced its results for the fiscal quarter ended February 28, 2005.
At February 28, At February 29,
2005 2004
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Net Assets (a) $1,637,312,951 $1,655,189,037
Shares Outstanding 64,590,627 63,730,209
Net Asset Value ("NAV") $16.60 $17.26
Market Price $16.92 $16.80
Premium (Discount) to NAV 1.93% (2.67)%
(a) Net assets are inclusive of
$565 million Preferred shares
issuance.
Quarter ended Quarter ended
February 28, February 29,
2005 2004
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Net Investment Income $31,153,674 $30,924,940
Per Share $0.48 $0.48
Net Realized and Unrealized
Gain $11,577,696 $30,949,723
Per Share $0.18 $0.49
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 is available at www.allianzinvestors.com or by calling the Fund's transfer agent at 1-800-331-1710.