SOURCE: PIMCO

October 15, 2007 13:25 ET

RCS Dividend Announcement, Monthly Performance, and Statistics

NEWPORT BEACH, CA--(Marketwire - October 15, 2007) - PIMCO Strategic Global Government Fund, Inc. (NYSE: RCS) (the "Fund") today declared dividends totaling 6.5 cents per share of ordinary income payable on November 8, 2007 with an ex-dividend date of October 29, 2007 to shareholders of record as of the close of business on October 31, 2007.

The dividend 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 09/30/07
                           3       6      1       3         5       10
                          Mos     Mos    Year  Years(1)  Years(1)  Years(1)
RCS Based on Net Asset
 Value (%)                1.90    0.53    5.70    4.50     6.31     6.92

RCS Based on NYSE Share
 Price (%)                0.79   -3.57   -0.28    2.97     5.10     8.37

Lehman Brothers
 Intermediate Aggregate
 Index (%)                2.76    2.40    5.33    3.79     3.94     5.76

(1)  Annualized.

The Fund's total return investment performance is net of all fees and expenses and assumes the reinvestment of dividends.

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.


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.

                       Price Information

                        NYSE            Net
                        Share          Asset
Pricing Date            Price          Value
                       -------        -------
09/30/2007             $ 10.20        $  9.87
08/31/2007             $  9.69        $  9.75
12/31/2006             $ 10.45        $ 10.19
                       -------        -------



  Date                   Premium/(Discount) to Net Asset Value
09/30/2007                              3.34%
08/31/2007                             -0.62%
12/31/2006                              2.55%

                       Dividend Information
Annualized dividend yield at 09/30/07 based on NYSE share price: 7.65%
Annualized dividend yield at 09/30/07 based on Net Asset Value:  7.90%
Portfolio Statistics The Fund's investment portfolio had the following characteristics as of September 30, 2007:
Net Assets:             $371.4 Million
Average Duration:       5.3 years
Average Maturity:       6.4 years
Quality Ratings:        47% AAA, 8% AA, 6% A, 10% BAA, 20% BA, 9% B, 0%
                        less than B
Average Quality:        A
Sector Weightings:      132.0% Mortgage-Backed (44.0% FNMA, 28.0% GNMA,
(Based on Gross Assets) 14.0% FHLMC, 46.0% Other Mortgages), 19.0%
                        Emerging Markets (6.4% Brazil, 0.8% British Virgin
                        Islands, 0.4% Cayman Islands, 0.5% Chile, 1.3%
                        Dominican Republic, 1.3% Jamaica, 0.3% Kazakhstan,
                        0.6% Malaysia, 2.6% Mexico, 0.4% Pakistan, 0.8%
                        Panama, 0.2% Peru, 0.6% Russia, 0.5% Tunisia, 2.1%
                        Ukraine, 0.2% Venezuela), -46.0% U.S.
                        Treasury/Agency, 9.0% Non-U.S., -26.0% Cash and
                        Equivalent, 12.0% Corporates

% Leverage              6.4% (The Fund's use of leverage is subject to
                        change at any time)

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