PIMCO GLO CLOSED-E : PIMCO Global StocksPLUS® & Income Fund Reports Results for the Fiscal Quarter Ended June 30, 2010
August 31, 2010 at 04:45 pm
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PIMCO Global StocksPLUS® & Income Fund (the "Fund") (NYSE: PGP), a
non-diversified, closed-end management investment company which seeks
total return comprised of current income, current gains and long-term
capital appreciation, today announced its results for the fiscal quarter
ended June 30, 2010.
At June 30,
2010
2009
Net Assets
$114,940,686
$84,645,618
Shares Outstanding
10,056,925
9,847,669
Net Asset Value ("NAV")
$11.43
$8.60
Market Price
$18.56
$13.40
Premium to NAV
62.38%
55.81%
Undistributed (Overdistributed) Net Investment
Income Per Share (b)
$0.0642
$(0.4922)
Quarter ended June 30,
2010
2009
Net Investment Income (a)
$3,871,405
$1,633,982
Per Share (a)
$0.38
$0.17
Net Realized and Change in Unrealized Gain (Loss) (a)
$(9,515,567)
$23,226,974
Per Share (a)
$(0.92)
$2.39
(a)
The information provided is in accordance with generally accepted
accounting principles ("GAAP"), which requires the Fund to treat
amounts accrued by the Fund under swap agreements as net realized
and unrealized gain (loss). However, these amounts are treated as
net income (loss) for federal income tax purposes. By using GAAP,
Net Investment Income for the fiscal quarter ended June 30, 2010 was
$1,806,764 ($0.18 per share) lower, and Net Realized and Change in
Unrealized Loss correspondingly lower than those figures would have
been if swaps amount were treated as net income in accordance with
federal income tax treatment. By using GAAP, Net Investment Income
for the fiscal quarter ended June 30, 2009 was $317,611 ($0.03 per
share) lower, and Net Realized and Change in Net Unrealized Gain
correspondingly higher than those figures would have been if swap
amounts were treated as net income in accordance with federal income
tax treatment.
(b)
Since net earning rates fluctuate from month to month while monthly
dividends have remained relatively stable, there will be periods
when the Fund may over-earn or under-earn its monthly dividend,
which would have the effect of adding to or subtracting from the
Fund's undistributed (overdistributed) net investment income
balance. Fund management analyzes the Fund's current and projected
net earning rates prior to recommending dividend amounts to the
Fund's Board of Trustees for declaration. There can be no assurance
that the current dividend rate or the undistributed
(overdistributed) net investment income balance will remain
constant. In accordance with federal income tax treatment, inclusive
of swap income (loss), foreign currency gain (loss) and paydown
gains.
Allianz Global Investors Fund Management LLC ("AGIFM"), an indirect,
wholly-owned subsidiary of Allianz Global Investors of America L.P.,
serves as the Fund's investment manager and is a member of Munich-based
Allianz Group. Pacific Investment Management Company LLC, an affiliate
of AGIFM, serves as the Fund's sub-adviser.
The Fund's daily New York Stock Exchange closing price, net asset value
per share, as well as other information, is available at www.allianzinvestors.com/closedendfunds
or by calling the Fund's shareholder servicing agent at (800) 254-5197.
The financial information contained herein is solely based upon the data
available at the time of publication of this press release, and there is
no assurance that any future results will be the same or similar to what
is reported herein. Information that was obtained from third party
sources we believe to be reliable is not guaranteed as to its accuracy
or completeness. This press release contains no recommendations to buy
or sell any specific securities and should not be considered investment
advice of any kind. Past performance is no guarantee of future results
and the investment returns generated by the Fund will fluctuate. There
can be no assurance that the Fund will meet its stated objective. In
making any investment decision, individuals should utilize other
information sources and the advice of their own professional adviser.
For Information on PIMCO Closed-End Funds: Financial
Advisors: 800-628-1237 Shareholders: 800-285-4086 Media
Relations: 212-739-3501
PIMCO Global StocksPLUS & Income Fund (the Fund) is a closed-end management investment company. The Fund's investment objective is to seek total return comprised of current income, current gains, and long-term capital appreciation. The Fund invests, under normal market conditions, at least 80% of its managed assets in a combination of securities and instruments that provide exposure to stocks and/or produce income. The Fund may engage in investment strategies, including those that employ the use of paired swaps transactions, the use of interest rate swaps to seek to capitalize on differences between short-term and long-term interest rates and other derivatives transactions. The Fund invests in securities, such as corporate bonds and notes, United States government agencies, loan participations and assignments, short-term instruments, non-agency mortgage-backed securities, asset-backed securities, and other. The Fund's investment manager is Pacific Investment Management Company LLC.
PIMCO GLOBAL STOCKSPLUS & INCOME FUND 
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