SOURCE: PIMCO

November 09, 2007 13:18 ET

Pimco Strategic Global Government Fund, Inc. Quality Calculation Methodology Change

NEWPORT BEACH, CA--(Marketwire - November 9, 2007) - PIMCO Strategic Global Government Fund, Inc. (NYSE: RCS) (the "Fund"), announced today that it has refined its quality calculation methodology for the Fund's statistics as of September 30, 2007.

There are several different methods that can be used to calculate the Fund's Quality Breakdown and Average Quality. In an on-going effort to present information that best represents the composition and risks of the portfolio, the Fund has elected to refine its Quality statistics to better capture the use of derivatives contracts. As a result, the Fund will now report the 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. Based on these refinements, the monthly Quality statistics for the Fund since 3/31/07 are as follows:

                                                            Less    Average
Date          AAA      AA       A      BBB     BB       B   Than B  Quality

3/31/2007      74%      1%      3%      4%     12%      6%      0%     AA-
4/30/2007      75%      0%      3%      4%     12%      6%      0%     AA
5/31/2007      74%      1%      3%      4%     12%      6%      0%     AA
6/30/2007      73%      0%      3%      6%     12%      6%      0%     AA-
7/31/2007      73%      0%      3%      6%     12%      6%      0%     AA-
8/31/2007      68%      0%      4%      7%     14%      7%      0%     AA-
9/30/2007      68%      0%      4%      7%     14%      7%      0%     AA-

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. Pacific Investment Management Company LLC ("PIMCO"), an investment adviser with approximately $720 billion of assets under management as of September 30, 2007, is responsible for managing the Fund's investment portfolio.

For further information, please contact Mick Willemsen, PIMCO Strategic Global Government Fund, Inc., at (949) 720-4734.

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