PIMCO Commercial Mortgage Securities Trust, Inc. Announces Annual Shareholder Meeting

Newport Beach, California, UNITED STATES

NEWPORT BEACH, Calif., Feb. 28, 2001 (PRIMEZONE) -- PIMCO Commercial Mortgage Securities Trust, Inc. (NYSE:PCM), a closed-end investment company investing primarily in commercial mortgage-backed securities, today announced that the Annual Meeting of Shareholders of the Fund will be held at 800 Newport Center Drive, 6th Floor, Newport Beach, California 92660 on April 12, 2001 at 10:00 a.m., Pacific time.

The Board of Directors has set the close of business on Monday, March 12, 2001 as the record date for determining shareholders entitled to notice of and to vote at the meeting or any adjournments of the meeting.

For further information, please contact Garlin G. Flynn, Secretary, PIMCO Commercial Mortgage Securities Trust, Inc., at (949) 720-4723.

Past performance is no guarantee of future results. Investment return, dividend rate and share price will fluctuate so that shares, when redeemed, may be worth more or less than their original cost.