Contact: Christoph Hofmann

(800) 285-4086

PIMCO Corporate Income Fund

PIMCO Corporate Opportunity Fund

PIMCO Global StocksPLUS & Income Fund

PIMCO High Income Fund

Declare January 2008 Dividends

NEW YORK, N.Y – January 2, 2008 – The Boards of Trustees of PIMCO Corporate Income Fund (NYSE: PCN), PIMCO Corporate Opportunity Fund (NYSE: PTY), PIMCO Global StocksPLUS & Income Fund (NYSE: PGP) and PIMCO High Income Fund (NYSE: PHK) (collectively, the “Funds”) announced today that they have declared the following dividends on the Funds’ common shares:

The dividends will be payable on February 1, 2008 to shareholders of record on January 14, 2008, with an ex-dividend date of January 10, 2008.

At December 31, 2007, the Funds’ net assets were approximately:

(a) Net assets are inclusive of market value of Preferred Shares of $300 million, $565 million and $900 million for PCN, PTY and PHK, respectively.

The Funds are closed-end management investment companies. The primary objective of PCN is to seek high current income with secondary objectives of capital preservation and appreciation. The investment objective of PTY is to seek maximum total return through a combination of current income and capital appreciation. The primary objective of PGP is to provide total return through a combination of current income, current gains and long-term capital appreciation. PHK’s primary objective is to seek high current income with capital appreciation as a secondary objective.  There can be no assurance the Funds will meet their objectives.

Allianz Global Investors Fund Management LLC, an indirect, wholly-owned subsidiary of Allianz Global Investors of America L.P., serves as the Funds’ investment manager and is a member of Munich-based Allianz Group (NYSE: AZ). Pacific Investment Management Company LLC, an Allianz Global Investors Fund Management affiliate, serves as the Funds’ sub-adviser.

The Funds’ daily New York Stock Exchange closing prices, net asset values per share, as well as other information, including updated portfolio statistics and performance are available at www.allianzinvestors.com or by calling the Funds’ shareholder servicing agent at (800) 331-1710.

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.