SOURCE: PIMCO

January 15, 2008 13:33 ET

RCS Dividend Announcement, Monthly Performance, and Statistics

NEWPORT BEACH, CA--(Marketwire - January 15, 2008) - PIMCO Strategic Global Government Fund, Inc. (NYSE: RCS) (the "Fund") today declared dividends totaling 6.5 cents per share of ordinary income payable on February 14, 2008 with an ex-dividend date of January 29, 2008 to shareholders of record as of the close of business on January 31, 2008.

The dividend will be paid in cash. Shareholders who participate in the Fund's Dividend Reinvest-ment 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 12/31/07

                                       3     6     1     3      5      10
                                      Mos   Mos   Year Years  Years   Years
                                                        (1)    (1)     (1)
RCS Based on Net Asset Value (%)      1.38  3.31  4.09   4.19   5.55   7.08

RCS Based on NYSE Share Price (%)    -3.61 -2.84 -0.42   0.27   4.04   7.66

Lehman Brothers Intermediate
 Aggregate Index (%)                  2.89  5.73  7.02   4.51   4.22   5.83

(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

Pricing Date         NYSE Share Price       Net Asset Value
-----------          ----------------       ---------------
12/31/2007                $9.61                 $ 9.78
11/30/2007                $9.59                 $ 9.84
12/31/2006                $10.45                $10.19


  Date                Premium/(Discount) to Net Asset Value
----------            -------------------------------------
12/31/2007                            -1.74%
11/30/2007                            -2.54%
12/31/2006                             2.55%


                    Dividend Information
                    --------------------
Annualized dividend yield at 12/31/07 based on NYSE share price:     8.12%
Annualized dividend yield at 12/31/07 based on Net Asset Value:      7.98%




                           Portfolio Statistics

The Fund's investment portfolio had the following characteristics as of
December 31, 2007:

Net Assets:          $368.3 Million

Average Duration:    4.3 years

Average Maturity:    5.0 years

Quality Ratings: *   70% AAA, 1% AA, 4% A, 7% BAA, 12% BA, 6% B, 0% less
                     than B

Average Quality: *   AA-

Sector Weightings:   137% Mortgage-Backed (43% FNMA, 27% GNMA, 12% FHLMC,
                     55% Other Mortgages), 22% Emerging Markets (6.4%
                     Brazil, 1.6% Mexico, 1.5% Ukraine, 1.4% Cayman
                     Islands, 1.4% Dominican Republic, 1.3% Jamaica, 0.9%
                     Panama, 0.8% British Virgin Islands, 0.7% Russia,
                     0.6% Malaysia, 5.3% Other Emerging Markets Countries),
                     -50% U.S. Treasury/Agency, 5% Non-U.S., -26% Cash and
                     Equivalent, 12% Corporates

% Leverage           0.0% (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