Contact: Christoph Hofmann

(800) 285-4086

Allianz Global Investors Fund Management Posts Updated Closed-End Fund Cards

NEW YORK, Feb. 15, 2008 (PRIME NEWSWIRE) -- Allianz Global Investors Fund Management LLC (the "Investment Manager") announced today that Fund Cards for some of its closed-end funds (the "Funds") have been updated to correct certain credit quality information of the Funds' portfolios. The Fund Cards of the Funds listed below are as of December 31, 2007 and now available at http://www.allianzinvestors.com/closedEndFunds/literature/funds.jsp.

The Investment Manager is an indirect, wholly-owned subsidiary of Allianz Global Investors of America L.P., a member of Munich-based Allianz Group (NYSE:AZ).

Updated Fund Cards are available for the following Funds:

PIMCO Corporate Income Fund (NYSE:PCN)

PIMCO Corporate Opportunity Fund (NYSE:PTY)

PIMCO High Income Fund (NYSE:PHK)

PIMCO Floating Rate Income Fund (NYSE:PFL)

PIMCO Floating Rate Strategy Fund (NYSE:PFN)

PIMCO Income Opportunity Fund (NYSE:PKO)

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP)

The Funds' daily New York Stock Exchange closing prices, the latest available net asset values per share, as well as other information, is available by calling the Funds' shareholder servicing agent at 1-800-331-1710. In addition, this information plus updated portfolio statistics and performance numbers are available at http://www.allianzinvestors.com/closedendfunds/index.jsp.