SOURCE: PIMCO

December 14, 2007 12:39 ET

December 14, 2007 -- RCS Special Dividend Announcement, Monthly Performance, and Statistics

NEWPORT BEACH, CA--(Marketwire - December 14, 2007) - PIMCO Strategic Global Government Fund, Inc. (NYSE: RCS) (the "Fund") today declared dividends totaling $0.095 per share. This amount represents a regular monthly dividend of $0.065 per share of ordinary income, plus a special dividend in the amount of $0.03 per share. The Fund's special dividend represents ordinary taxable income that has accumulated over the calendar year in excess of the Fund's regular monthly distributions.

Both the regular and the special dividend distributions will be paid together in an aggregate amount of $0.095 per share on January 10, 2008, to shareholders of record as of the close of business on December 31, 2007.

The dividends 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 amount withheld.

          Investment Performance, Price and Dividend Information
                                     
The Fund's valuation and investment performance information are as follows:

Performance for the periods ended 11/30/07

                          3      6     1      3        5       10
                         Mos    Mos   Year  Years(1) Years(1) Years(1)
RCS Based on Net
Asset Value (%)          2.93   1.26  4.79     4.48     5.92     7.17

RCS Based on NYSE
Share Price (%)          0.94 -10.39 -4.87     1.86     4.91     7.77

Lehman Brothers
 Intermediate
 Aggregate Index (%)     3.34  5.19   6.28     4.64     4.51     5.89

(1)  Annualized.


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.

The Fund is a closed-end, intermediate-term bond fund whose primary objective is to generate a level of income higher than that generated by high-quality, intermediate-term U.S. debt securities. As a secondary objective, the Fund seeks to maintain volatility in the net asset value of its shares comparable to that of high-quality, intermediate-term U.S. debt securities.

                        Price Information
  Pricing Date        NYSE Share Price        Net Asset Value
  ------------        ----------------        ---------------
   11/30/2007              $9.59                    $9.84
   10/31/2007             $10.10                    $9.90
   12/31/2006             $10.45                   $10.19




  Date        Premium/(Discount) to Net Asset Value
----------    -------------------------------------
11/30/2007                  -2.54%
10/31/2007                   2.02%
12/31/2006                   2.55%




                        Dividend Information
                        --------------------
Annualized dividend yield at 11/30/07 based on NYSE share price:     8.13%
Annualized dividend yield at 11/30/07 based on Net Asset Value:      7.93%


                       Portfolio Statistics

The Fund's investment portfolio had the following characteristics as
of November 30, 2007:

Net Assets:           $370.6 Million
Average Duration:     4.0 years
Average Maturity:     4.3 years
Quality Ratings: *    70% AAA, 0% AA, 4% A, 6% BAA, 13% BA, 7% B, 0% less
                      than B
Average Quality: *    AA-
Sector Weightings:    134% Mortgage-Backed (42% FNMA, 28% GNMA, 13% FHLMC,
                      51% Other Mortgages), 21% Emerging Markets (6.3%
                      Brazil, 1.5% Mexico, 1.4% Ukraine, 1.4% Cayman
                      Islands, 1.4% Dominican Republic, 1.3% Jamaica, 0.8%
                      Panama, 0.8% British Virgin Islands, 0.7% Russia,
                      0.6% Malaysia, 5.2% Other Emerging Markets
                      Countries), -45% U.S. Treasury/Agency, 5% Non-U.S.,
                      -26% Cash and Equivalent, 11% Corporates

% Leverage            4.6% (The Fund's use of leverage is subject to change
                      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 Mick Willemsen, PIMCO Strategic Global Government Fund, Inc., at (949) 720-4734.

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.

Contact Information