NEW YORK, March 3, 2008 (PRIME NEWSWIRE) -- The Boards of Trustees of PIMCO Corporate Income Fund (NYSE:PCN), PIMCO Corporate Opportunity Fund (NYSE:PTY), PIMCO Global StocksPLUS & Income Fund (NYSE:PGP), PIMCO High Income Fund (NYSE:PHK) and PIMCO Income Opportunity Fund (NYSE:PKO), (collectively, the "Funds") announced today that they have declared the following dividends on the Funds' common shares:



 PIMCO Corporate Income Fund              $0.10625   per common share
 PIMCO Corporate Opportunity Fund         $0.115     per common share
 PIMCO Global StocksPLUS & Income Fund    $0.18335   per common share
 PIMCO High Income Fund                   $0.121875  per common share
 PIMCO Income Opportunity Fund            $0.177     per common share

The dividends will be payable on April 1, 2008 to shareholders of record on March 13, 2008, with an ex-dividend date of March 11, 2008.

With respect to PKO, based on projections through the payable date, it is expected that this distribution will be comprised of net investment income, as well as net gains from the sale of portfolio securities and other sources. PKO will provide a notice accompanying each monthly distribution with respect to the estimated source of the distribution made, which could be from net income, gains and/or return of capital, and will indicate the proportion of its capital gain distributions that constitute short-term and long-term gains annually.

At February 29, 2008, the Funds' net assets were approximately:



                                          (in millions)
 PIMCO Corporate Income Fund (a)               $779.3
 PIMCO Corporate Opportunity Fund (a)        $1,491.2
 PIMCO Global StocksPLUS & Income Fund         $222.1
 PIMCO High Income Fund (a)                  $2,242.2
 PIMCO Income Opportunity Fund                 $328.0

 (a) Net assets are inclusive of market value of Preferred Shares of
 $300 million, $565 million and $900 million for PCN, PTY and PHK, 
 respectively.

The Funds are closed-end management investment companies. 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. The primary objective of PGP is to provide total return through a combination of current income, current gains and long-term capital appreciation. PHK's primary objective is to seek high current income with capital appreciation as a secondary objective. PKO's investment objective is to seek current income as a primary focus and also capital appreciation. There can be no assurance 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, net asset values per share, as well as other information, including updated portfolio statistics and performance are available at www.allianzinvestors.com or by calling the Funds' shareholder servicing agent at (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 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 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.

Christoph Hofmann 
(800) 285-4086