NEW YORK, Nov. 2, 2005 (PRIMEZONE) -- PIMCO Corporate Income Fund (NYSE:PCN), PIMCO Corporate Opportunity Fund (NYSE:PTY), PIMCO High Income Fund (NYSE: PHK), PIMCO Floating Rate Income Fund (NYSE:PFL) and PIMCO Floating Rate Strategy Fund (NYSE:PFN) (the "Funds"), today announced a conference call with Ray Kennedy and Craig Dawson will be held on Wednesday, November 9, 2005 at 4:15 PM ET.
Mr. Kennedy, a Managing Director of Pacific Investment Management Company LLC ("PIMCO"), is the portfolio manager for PHK, PFL and PFN. Mr. Dawson, a Senior Vice President of PIMCO, is the Product Manager for the Funds.
During the conference call, Mr. Kennedy and Mr. Dawson intend to provide an investment update, discuss the market environment and outlook for high-yield bonds, investment grade bonds and floating rate strategies as well as the performance of the Funds.
The dial-in number for this call is (800) 515-1794 and the pass code is 5645844. The call will be available for replay for 4 weeks. The replay number is (888) 203-1112 and the pass code is 5645844.
PCN and PTY are closed-end management investment companies that seek maximum total return through a combination of current income and capital appreciation. PHK, PFL and PFN are closed-end management investment companies that seek high current income consistent with the preservation of capital. There can be no assurance that any Fund will achieve its investment 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 price, net asset value per share as well as other information, including updated portfolio statistics and performance is 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 a 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.