Portfolio Manager Conference Call for PIMCO Municipal, N.Y., Calif., Income Funds I, II, III


NEW YORK, Nov. 25, 2005 (PRIMEZONE) -- PIMCO Municipal Income Fund (NYSE:PMF), PIMCO California Municipal Income Fund (NYSE:PCQ), PIMCO New York Municipal Income Fund (NYSE:PNF), PIMCO Municipal Income Fund II (NYSE:PML), PIMCO California Municipal Income Fund II (NYSE:PCK), PIMCO New York Municipal Income Fund II (NYSE:PNI), PIMCO Municipal Income Fund III (NYSE:PMX), PIMCO California Municipal Income Fund III (NYSE:PCZ) and PIMCO New York Municipal Income Fund III (NYSE:PYN) (the "Funds"), today announced a conference call with Mark McCray and Bob Fields will be held on Wednesday, November 30, 2005 at 4:15 p.m. ET.

Mr. McCray, an Executive Vice President of Pacific Investment Management Company LLC ("PIMCO"), is the portfolio manager for the Funds. Mr. Fields, a Vice President of PIMCO, is the Product Manager for the Funds.

During the conference call, Mr. McCray and Mr. Fields intend to provide an investment update, discuss the market environment and outlook for municipal closed-end funds as well as the performance of the Funds.

The dial-in number for this call is (888) 515-1794 and the pass code is 1233540. The call will be available for replay for 4 weeks. The replay number is (888) 203-1112 and the pass code is 1233540.

PML, PMF and PMX are closed-end management investment companies that seek to provide current income exempt from federal income tax. PCQ, PCK and PZC are closed-end management investment companies that seek to provide current income exempt from federal and California income tax. PNF, PNI and PYN are closed-end management investment companies that seek to provide current income exempt from federal and New York income tax. 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.



            

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