The Funds in view to carry on declaring dividends as soon as possible. As announced in a exert pressure freedom on November 26, 2008, the Funds are redeeming a bit of their notable ARPS. These redemptions are expected to be completed by December 19, 2008 and are intended to further and justify advantage coverage of the Funds' ARPS above the 200% Level which would authority the Funds to publish and hit coming public share in dividends.
Depending on shop conditions, these coverage ratios may proliferate or cut-back further and an bulletin regarding actual dividend avowal dates will be made at a future date. PCN's investment unprejudiced is to quest after high current income with a non-critical objective of capital preservation and appreciation. PTY's investment end is to endeavour maximum total return through a bloc of current income and capital appreciation. There can be no gall that the Funds will accomplish their stated 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 overseer and is a fellow 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' continually New York Stock Exchange closing prices and end benefit values per parcel are accessible by career the Funds' shareholder servicing proxy at (800) 331-1710. This information, as well as updated portfolio statistics and performance, is convenient at.
Statements made in this discharge that manner first in age count in risks and uncertainties and are forward-looking statements within the connotation of the Private Securities Litigation Reform Act of 1995. Such risks and uncertainties include, without limitation, the adverse aftermath from further declines in the securities markets and in the Funds' performance, a unspecific downturn in the economy, incompetence to exist leverage to take over from ARPS that have been redeemed, striving from other companies, changes in regime approach or regulation, incapability to charm or save tonality employees, ineptness to apparatus their operating strategy and/or acquirement strategy, and unforeseen costs and other clobber related to legal proceedings or investigations of governmental and self-regulatory organizations. The Funds' gift to produce dividends to unrefined shareholders is topic to the restrictions in their registration statements, By-laws and other governing documents as well as the Investment Company Act of 1940.
CONTACT: Christoph Hofmann (800) 285-4086 Copyright ? 2008 GlobeNewswire, Inc.
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