NEW YORK, April 1, 2005 (PRIMEZONE) -- The Board of Trustees of PIMCO Floating Rate Income Fund (the "Fund") (NYSE:PFL), a closed-end management investment company which seeks high current income, consistent with the preservation of capital, today announced a dividend of $0.105323 cents per common share.
The dividend will be payable on May 6, 2005 to shareholders of record on April 15, 2005, with an ex-dividend date of April 13, 2005.
At March 31, 2005, the Fund's net assets were $561.7 million (inclusive of $210 million of Preferred Shares).
Allianz Global Investors Fund Management LLC (formerly PA Fund Management LLC), an indirect, wholly-owned subsidiary of Allianz Global Investors of America L.P., serves as the Fund's investment manager and is a member of Munich-based Allianz Group (NYSE:AZ). Pacific Investment Management Company LLC, an Allianz Global Investors affiliate, serves as the Fund's sub-adviser.
The Fund's daily New York Stock Exchange closing price, weekly net asset value per share as well as other information, including updated portfolio statistics and performance as of February 28, 2005, is available at www.allianzinvestors.com or by calling the Fund's transfer agent at 1-800-331-1710.