NEWPORT BEACH, Calif., Dec. 13, 2002 (PRIMEZONE) -- PIMCO Strategic Global Government Fund, Inc. (NYSE:RCS), a closed-end, intermediate-term bond fund whose primary objective is to generate a level of income higher than that generated by high quality, intermediate-term U.S. debt securities, today declared dividends totaling 19.8 cents per share. This amount represents a regular monthly dividend of 7.4 cents per share of ordinary income, plus a special dividend in the amount of 12.4 cents per share. The Fund's special dividend represents ordinary taxable income that has accumulated over the calendar year in excess of the Fund's regular monthly distributions.
Both the regular and the special dividend distributions will be paid together in an aggregate amount of 19.8 cents per share on January 9, 2003, to shareholders of record as of the close of business on December 31, 2002.
The dividend will be paid in cash. Shareholders who participate in the Fund's Dividend Reinvestment Plan will have their distributions reinvested in an equivalent amount of shares of the Fund. Shareholders whose dividend distributions are subject to withholding of U.S. taxes by the Fund will receive cash or shares, as the case may be, net of the amounts withheld.
For further information, please contact Jeff Sargent, PIMCO Strategic Global Government Fund, Inc., at (949) 720-4712.
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.