PIMCO Closed-End Funds Announce Changes In Fiscal Year Ends, Shareholder Meeting Dates

Pacific Investment Management Company LLC ("PIMCO") announced today that the Boards of Trustees/Directors (collectively, the "Board") of the PIMCO-Sponsored Closed-End Funds (each, a "Fund" and, together, the "Funds") have approved a change of the fiscal year end of each Fund other than PIMCO Income Strategy Fund and PIMCO Income Strategy Fund II, as set forth in the table below: ---------------------------------------------------------------------------- Fund Current New Fiscal Effective Date of Fiscal Year Year End Fiscal Year End End Change ---------------------------------------------------------------------------- PIMCO Strategic Income Fund, January 31 June 30 Following the end of Inc. (NYSE: RCS) the Fund's current fiscal year ending January 31, 2015 ---------------------------------------------------------------------------- PIMCO Dynamic Income Fund March 31 June 30 Following the end of (NYSE: PDI) the Fund's current fiscal year ending March 31, 2015 ---------------------------------------------------------------------------- PIMCO Global StocksPLUS® and March 31 June 30 Following the end of Income Fund (NYSE: PGP) the Fund's current fiscal year ending March 31, 2015 ---------------------------------------------------------------------------- PIMCO Income Opportunity Fund October 31 June 30 Immediately - the (NYSE: PKO) Fund's current fiscal year will end on June 30, 2015 ---------------------------------------------------------------------------- PIMCO Dynamic Credit Income December 31 June 30 Following the end of Fund (NYSE: PCI) the Fund's current fiscal year ending December 31, 2014 ---------------------------------------------------------------------------- PCM Fund, Inc. (NYSE: PCM) December 31 June 30 Following the end of the Fund's current fiscal year ending December 31, 2014 ---------------------------------------------------------------------------- PIMCO High Income Fund March 31 July 31 Following the end of (NYSE: PHK) the Fund's current fiscal year ending March 31, 2015 ---------------------------------------------------------------------------- PIMCO Income Strategy Fund July 31 July 31 No change (NYSE: PFL) ---------------------------------------------------------------------------- PIMCO Income Strategy Fund II July 31 July 31 No change (NYSE: PFN) ---------------------------------------------------------------------------- PIMCO Corporate & Income November 30 July 31 Immediately - the Opportunity Fund (NYSE: PTY) Fund's current fiscal year will end on July 31, 2015 ---------------------------------------------------------------------------- PIMCO Corporate & Income October 31 July 31 Immediately - the Strategy Fund (NYSE: PCN) Fund's current fiscal year will end on July 31, 2015 ---------------------------------------------------------------------------- PIMCO Municipal Income Fund April 30 December 31 Following the end of (NYSE: PMF) the Fund's current fiscal year ending April 30, 2015 ---------------------------------------------------------------------------- PIMCO California Municipal April 30 December 31 Following the end of Income Fund (NYSE: PCQ) the Fund's current fiscal year ending April 30, 2015 ---------------------------------------------------------------------------- PIMCO New York Municipal April 30 December 31 Following the end of Income Fund (NYSE: PNF) the Fund's current fiscal year ending April 30, 2015 ---------------------------------------------------------------------------- PIMCO Municipal Income Fund II May 31 December 31 Following the end of (NYSE: PML) the Fund's current fiscal year ending May 31, 2015 ---------------------------------------------------------------------------- PIMCO California Municipal May 31 December 31 Following the end of Income Fund II (NYSE: PCK) the Fund's current fiscal year ending May 31, 2015 ---------------------------------------------------------------------------- PIMCO New York Municipal May 31 December 31 Following the end of Income Fund II (NYSE: PNI) the Fund's current fiscal year ending May 31, 2015 ---------------------------------------------------------------------------- PIMCO Municipal Income Fund September 30 December 31 Following the end of III (NYSE: PMX) the Fund's current fiscal year ending September 30, 2015 ---------------------------------------------------------------------------- PIMCO California Municipal September 30 December 31 Following the end of Income Fund III (NYSE: PZC) the Fund's current fiscal year ending September 30, 2015 ---------------------------------------------------------------------------- PIMCO New York Municipal September 30 December 31 Following the end of Income Fund III (NYSE: PYN) the Fund's current fiscal year ending September 30, 2015 ---------------------------------------------------------------------------- The Board and PIMCO believe that there will be significant benefits to consolidating the Funds' fiscal year ends in the manner described above, including, among other benefits, significant increases in efficiencies for the Funds, the Board and PIMCO. In connection with the changes to their fiscal year ends discussed above, RCS, PDI, PGP, PHK, PFL and PFN have also announced that they expect to hold their next annual meetings of shareholders on June 30, 2015, which differs from the dates that were contemplated in each such Fund's proxy statement for its most recent annual meeting of shareholders. This date is subject to change by the Funds' Board of Trustees/Directors. Please refer to RCS', PDI's, PGP's, PHK's, PFL's or PFN's notice of meeting, as applicable, which will be included in the proxy statement for such Fund's next annual meeting, when available, for final information on each such Fund's shareholder meeting. Proposals of shareholders intended to be presented at the June 30, 2015 annual meetings of PGP, RCS, PDI, PHK, PFL or PFN must be received by the relevant Fund no later than February 17, 2015 for PGP or RCS and no later than March 2, 2015 for PDI, PHK, PFL or PFN for inclusion in such Fund's proxy statement and proxy cards relating to that annual meeting. The submission by a shareholder of a proposal for inclusion in a Fund's proxy materials does not guarantee that it will be included. Shareholder proposals are subject to certain requirements under the federal securities laws and must be submitted in accordance with the applicable Fund's Bylaws. Shareholders submitting any other proposals (including proposals to elect Trustee/Director nominees) for a Fund intended to be presented at such Fund's next annual meeting (i.e., other than those to be included in the Fund's proxy materials) must ensure that such proposals are received by the relevant Fund, in good order and complying with all applicable legal requirements and requirements set forth in such Fund's Bylaws. Accordingly, such proposals must be received no earlier than April 18, 2015 and no later than May 3, 2015 for RCS or PGP and no later than May 16, 2015 for PDI, PHK, PFL or PFN. If a shareholder who wishes to present a proposal fails to notify the relevant Fund by the dates described above, the proxies solicited for that annual meeting will be voted on the shareholder's proposal, if it is properly brought before that annual meeting, in accordance with the judgment of the persons named in the proxy card(s) for that annual meeting. If a shareholder makes a timely notification, the proxies may still exercise discretionary voting authority under circumstances consistent with the Securities and Exchange Commissions' proxy rules. Shareholder proposals for the upcoming annual shareholder meetings should be addressed to the attention of the Secretary of the applicable Fund, 1633 Broadway, New York, NY 10019, with a copy to David C. Sullivan, Ropes & Gray LLP, Prudential Tower, 800 Boylston Street, Boston, Massachusetts 02199-3600. The next annual meetings of shareholders for the Funds other than PDI, PHK, PFL and PFN are expected to be held within thirty days of the anniversary of their most recent annual meetings. 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 pimco.com/closedendfunds or by calling the Funds' shareholder servicing agent at (844) 33-PIMCO. Updated portfolio holdings information about a Fund will be available approximately 15 calendar days after such Fund's most recent fiscal quarter end, and will remain accessible until such Fund files a Form N-Q or a shareholder report for the period which includes the date of the information.