PIMCO Canada Corp. : Announcement

TORONTO, ONTARIO--(Marketwired - Oct. 2, 2013) - PIMCO Canada Corp., the manager of the PIMCO Canada Funds, has decided to terminate the PIMCO Canadian Long Term Bond Fund, effective December 6, 2013. PIMCO Canada will send a notice to each investor in the Fund regarding the termination. Investors may redeem or switch their units of the Fund for settlement on or prior to the termination date.

The decision to terminate the Fund was driven by a combination of the small number of unitholders and small asset size.

From October 7, 2013, PIMCO Canada will waive any redemption fees, sales charges or short-term trading fees for redemptions of units of the Fund. The Fund is closed to new purchases.

For further information on PIMCO Canada Corp. and the PIMCO Canada Funds, please visit www.pimco.ca or call 1-877-506-8126 (416-506-8187 in Toronto).

About PIMCO

PIMCO is a leading global investment management firm, with offices in 12 countries throughout North America, Europe and Asia. Founded in 1971, PIMCO offers a wide range of innovative solutions to help millions of investors worldwide meet their needs. Our goal is to provide attractive returns while maintaining a strong culture of risk management and long-term discipline. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.

Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The PIMCO Canada Mutual Funds are available for sale in each of the provinces and territories of Canada and only through dealers authorized for that purpose. PIMCO Canada Corp., 199 Bay Street, Suite 2050, Commerce Court Station, P.O. Box 363, Toronto, ON, M5L 1G2, 416-368-3350.