PCN, PTY, PKO, RCS, PCM, PFL, PFN and PDI Declare Special Year-End Distributions

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PCN, PTY, PKO, RCS, PCM, PFL, PFN and PDI Declare Special Year-End Distributions

For Information on PIMCO Closed-End Funds:

The Boards of Trustees of PIMCO Corporate & Income Strategy Fund (NYSE: PCN), PIMCO Corporate & Income Opportunity Fund (NYSE: PTY), PIMCO Income Opportunity Fund (NYSE: PKO), PIMCO Strategic Global Government Fund, Inc. (NYSE: RCS), PCM Fund, Inc. (NYSE: PCM), PIMCO Income Strategy Fund (NYSE: PFL), PIMCO Income Strategy Fund II (NYSE: PFN) and PIMCO Dynamic Income Fund (NYSE: PDI) (collectively, the “Funds”) announced today that they have declared the following distributions on the Funds’ common shares:

The distributions will be payable on January 18, 2013 to shareholders of record on December 28, 2012, with an ex-dividend date of December 26, 2012.

The Funds are closed-end management investment companies. Allianz Global Investors Fund Management LLC (“AGIFM”), an indirect, wholly-owned subsidiary of Allianz Asset Management of America, L.P., serves as the Funds’ investment manager and is a member of Munich-based Allianz Group. Pacific Investment Management Company LLC, an AGIFM affiliate, serves as the Funds’ sub-adviser.

The Funds’ daily New York Stock Exchange closing market prices, net asset values per share, as well as other information, including updated portfolio statistics and performance are available at or by calling the Funds’ shareholder servicing agent at (800) 254-5197.

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. The Funds’ ability to pay dividends to common shareholders is subject to the restrictions in their registration statement, by-laws and other governing documents, as well as the Investment Act of 1940.

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