NEW YORK, March 20, 2009 (GLOBE NEWSWIRE) -- PIMCO Corporate Income Fund (NYSE:PCN) and PIMCO Corporate Opportunity Fund (NYSE:PTY) (each a "Fund" and collectively, the "Funds") announced today that the common share dividends previously declared on February 2, 2009, will be paid today.
Accordingly, the previously declared dividends ($0.10625 and $0.11500 per common share for PCN and PTY, respectively), which were postponed on March 2, 2009, will be paid on March 20, 2009 to shareholders of record on February 12, 2009.
In addition, the Funds also announced that they have declared the following dividends on the Funds' common shares, which consist of the monthly dividend amounts that were scheduled to have been declared on March 2, 2009, but were previously postponed.
PIMCO Corporate Income Fund $0.10625 per common share PIMCO Corporate Opportunity Fund $0.11500 per common share
The dividends will be payable on April 3, 2009 to shareholders of record on March 30, 2009, with an ex-dividend date of March 26, 2009.
The primary objective of PCN is to seek high current income with secondary objectives of capital preservation and appreciation. The investment objective of PTY is to seek maximum total return through a combination of current income and capital appreciation. There can be no assurance that the Funds will meet their objectives.
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 prices and net asset values per share are available by calling the Funds' shareholder servicing agent at (800) 331-1710. This information, as well as updated portfolio statistics and performance, is available at http://www.allianzinvestors.com.
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 further declines in the securities markets and in the Funds' 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 their operating strategy and/or acquisition strategy, and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations. The Funds' ability to maintain leverage and to pay dividends to common shareholders is subject to the restrictions in their registration statements, By-laws and other governing documents as well as the Investment Company Act of 1940.