NEW YORK, Nov. 28, 2005 (PRIMEZONE) -- PIMCO Global StocksPLUS & Income Fund (the "Fund") (NYSE:PGP), a diversified, closed-end management investment company which seeks total return comprised of current income, current gains and long-term capital appreciation announced its results for the fiscal quarter and period ended September 30, 2005.
At September 30, 2005
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Net Assets $236,756,713
Shares Outstanding 9,329,821
Net Asset Value ("NAV") $25.38
Market Price $24.10
Discount to NAV (5.04)%
Quarter ended September 30, 2005
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Net Investment Income $2,430,515 (a)
Per Share $0.26 (a)
Net Realized and Unrealized Gain $15,922,210 (a)
Per Share $1.71 (a)
For the period
May 31, 2005 (b)
through September 30, 2005
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Net Investment Income $3,383,383 (a)
Per Share $0.36 (a)
Net Realized and Unrealized Gain $16,221,654 (a)
Per Share $1.74 (a)
(a) The information provided is in accordance with generally
accepted accounting principles ("GAAP"), which requires the Fund
to treat amounts received by the Fund under swap agreements as
net realized gain (loss). However, these amounts are treated as
net income (loss) for federal income tax purposes. By using
GAAP, Net Investment Income for the quarter and period ended
September 30, 2005 was $2,232,980 ($0.24 per share) and
$4,647,199 ($0.50 per share), respectively, lower (and the Net
Realized and Unrealized Gain correspondingly higher) than those
figures would be if the swap amounts were treated as net income
(loss) in accordance with federal income tax treatment.
(b) Commencement of operations.
Allianz Global Investors 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 Fund Management affiliate, serves as the Fund's sub-adviser.
The Fund's daily New York Stock Exchange closing price, daily net asset value per share as well as other information is available at http://www.allianzinvestors.com/closedendfunds or by calling the Fund's transfer agent at (800) 331-1710.
The financial information contained herein is solely based upon the data available at the time of publication of this press release, and there is no assurance that any future results will be the same or similar to what is reported herein. Information that was obtained from third party sources we believe to be reliable is not guaranteed as to its accuracy or completeness. This press release contains no recommendations to buy or sell any specific securities and should not be considered investment advice of any kind. Past performance is no guarantee of future results and the investment returns generated by the Fund will fluctuate. In making any investment decision, individuals should utilize other information sources and the advice of their own professional adviser.