04/14/2008
CONTACT: Paul Wildermuth (949) 720-4478
PCM Fund, Inc. Dividend Announcement, Monthly Performance, and Statistics
NEWPORT BEACH, CALIFORNIA (April 14, 2008) –PCM Fund, Inc., (NYSE: PCM), a closed-end investment company investing primarily in commercial mortgage-backed securities, today declared a monthly dividend of 7.0 cents per share of ordinary income payable on May 8, 2008 with an ex-dividend date of April 28, 2008 to shareholders of record at the close of business on April 30, 2008.
The dividend will be paid in cash. Shareholders who participate in the Fund’s Dividend Reinvestment Plan will have their distributions reinvested in an equivalent amount of shares of the Fund. Shareholders whose dividend distributions are subject to withholding of U.S. taxes by the Fund will receive cash or shares, as the case may be, net of the amounts withheld.
Investment Performance, Price and Dividend Information
The Fund's valuation and investment performance information are as follows:
| Performance for the periods ended 03/31/08 |
| |
3 Mos |
6 Mos |
1 Year |
3 Years1 |
5 years1 |
10 years1 |
| PCM Based on Net Asset Value (%) |
-11.16 |
-10.66 |
-9.93 |
1.39 |
3.65 |
5.98 |
| PCM Based on NYSE Share Price (%) |
1.00 |
-4.75 |
-9.23 |
-1.39 |
1.46 |
5.88 |
| Lehman Brothers Aggregate Index (%) |
2.17 |
5.23 |
7.67 |
5.48 |
4.58 |
6.04 |
| 1Annualized |
The Fund's total return investment performance is net of all fees and expenses and assumes the reinvestment of dividends.
Past performance is no guarantee of future results. Investment return, dividend rate and share price will fluctuate so that shares, when sold, may be worth more or less than their original cost.
|
Price Information
|
|
Pricing Date
|
NYSE Share Price
|
Net Asset Value
|
|
03/31/2008
|
$10.14
|
$9.82
|
|
02/29/2008
|
$9.79
|
$10.28
|
|
12/31/2007
|
$10.25
|
$11.28
|
|
Date
|
Premium/(Discount) to Net Asset Value
|
|
03/31/2008
|
3.26%
|
|
02/29/2008
|
-4.77%
|
|
12/31/2007
|
-9.13%
|
|
Yield Information
|
| Annualized dividend yield at 03/31/08 based on NYSE share price: |
8.28% |
| Annualized dividend yield at 03/31/08 based on Net Asset Value: |
8.55% |
Portfolio Statistics
The Fund's investment portfolio had the following characteristics as of March 31, 2008:
(The Fund’s use of leverage is subject to change at any time)
| Net Assets: |
$111.5 million |
| Average Duration: |
4.6 years |
| Average Maturity: |
7.6 years |
| Quality Ratings:* |
7% AAA, -2% AA, 26% A, 38% BAA, 15% BA, 10% B, 6% less than B |
| Average Quality:* |
BAA- |
| Sector Weightings: |
3.6% Multi-Family (apartment buildings), 0.2% Healthcare (hospitals and nursing care facilities), 5.5% Hospitality (hotels and motels), 62.0% Multi-Class (a mix of all commercial property types, including office buildings and industrial properties), 15.0% Real Estate ABS, 0.0% Commercial Paper, 7.8% Corporate, 5.9% Other |
| % Leverage |
0.0% (The Fund's use of leverage is subject to use at any time) |
* The Fund reports Quality Breakdown based upon the value of total securities held, plus the unrealized gain or loss on swaps held. The unrealized gain or loss on swaps reflects the contribution of swaps to the default risk profile of the Fund. Average Quality will be based upon the value of total securities held, plus swaps and futures contracts at notional value, plus the unrealized gain or loss on swaps and futures contracts held. The notional value of swaps and futures contracts has been added to more fully reflect the impact of these instruments on the potential volatility of the Fund.
For further information, please contact Paul Wildermuth, PIMCO PCM Fund, Inc., at (949) 720- 4778.
Past performance is no guarantee of future results. Investment return, dividend rate and share price will fluctuate so that shares, when sold, may be worth more or less than their original cost.
|
ARPS: Daily Max Rates Available
