PIMCO Canada Corp. Cuts Management Fees on Its Series A and Series A(US$, Hedged) Units of PIMCO Global Advantage Strategy Bond Fund (Canada)

TORONTO, ONTARIO--(Marketwired - July 14, 2014) - PIMCO Canada Corp., the manager of the PIMCO mutual funds, announced that the annual management fee payable with respect to Series A and Series A(US$, Hedged) units of PIMCO Global Advantage Strategy Bond Fund (Canada) (the "Fund") will be reduced from 1.60% to 1.30% effective September 1, 2014.

For further information on PIMCO Canada Corp. and the PIMCO mutual funds, please visit www.canada.pimco.com.

About PIMCO

PIMCO is a leading global investment management firm, with offices in 12 countries throughout the Americas, 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.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors should consult their financial advisor to determine if the PIMCO Mutual Funds may be sold in their jurisdiction.

The products and services provided by PIMCO Canada Corp. may only be available in certain provinces or territories of Canada and only through dealers authorized for that purpose. PIMCO Canada has retained PIMCO LLC as sub-adviser. PIMCO Canada will remain responsible for any loss that arises out of the failure of its sub-adviser.