NEW YORK, Nov. 1, 2005 (PRIMEZONE) -- The Boards of Trustees of PIMCO Corporate Income Fund (NYSE:PCN), PIMCO Corporate Opportunity Fund (NYSE:PTY) and PIMCO High Income Fund (NYSE:PHK) (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 $0.1375 per common share PIMCO High Income Fund $0.121875 per common share
The dividends will be payable on December 1, 2005 to shareholders of record on November 18, 2005, with an ex-dividend date of November 16, 2005.
At October 31, 2005, the Funds' net assets(1) were approximately:
PIMCO Corporate Income Fund $825.7 mil.
PIMCO Corporate Opportunity Fund $1.6 bil.
PIMCO High Income Fund $2.6 bil.
(1) Net assets are inclusive of Preferred Shares of $300 million,
$565 million and $900 million for the Corporate Income,
Corporate Opportunity and High Income funds, respectively.
The Funds are closed-end management investment companies. The primary objective of the Corporate Income Fund is to seek high current income with secondary objectives of capital preservation and appreciation. The investment objective of the Corporate Opportunity Fund is to seek maximum total return through a combination of current income and capital appreciation. The High Income Fund's primary objective is to seek high current income with capital appreciation as a secondary objective.
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' transfer agent at 1-800-331-1710.
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.