PIMCO Commercial Mortgage Securities Trust, Inc. Announces Portfolio Manager Change

NEWPORT BEACH, Calif., Feb. 23, 2000 (PRIMEZONE) -- PIMCO Commercial Mortgage Securities Trust, Inc. (NYSE:PCM), a closed-end investment company investing primarily in commercial mortgage-backed securities, today announced that Scott A. Mather will assume day to day responsibility for managing the Fund effective immediately. Benjamin Trosky, who had managed the Fund since inception, is now focused exclusively on high yield bond management at PIMCO.

Mr. Mather is a Senior Vice President, a portfolio manager and a member of PIMCO's mortgage product team. Mr. Mather joined the firm two years ago, having been previously associated with Goldman Sachs in New York, where he was a trader in the fixed income division and specialized in trading a broad range of mortgage-backed securities. He has six years of investment experience, and holds a bachelor's and master's degree in Engineering from the University of Pennsylvania as well as a bachelor's degree in Finance from The Wharton School of the University of Pennsylvania.


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