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PCM Fund, Inc. Announces Adjournment of Annual Meeting

NEWPORT BEACH, CALIFORNIA (April 11, 2008) – PCM Fund, Inc. (NYSE: PCM) (the “Fund”), a closed-end bond fund that invests principally in commercial mortgage-backed securities, today announced the adjournment of its Annual Meeting of Shareholders of the Fund until April 23, 2008, at 10:00 a.m., Pacific time, at 800 Newport Center Drive, 6th Floor, Newport Beach, California 92660. The Annual Meeting was adjourned to give the Fund additional time to solicit proxies for proposals to approve an Investment Management Agreement between the Fund and Allianz Global Investors Fund Management LLC ("AGIFM"), an affiliate of Pacific Investment Management Company LLC ("PIMCO"), and a Portfolio Management Agreement between AGIFM and PIMCO.