SOURCE: PIMCO Commercial Mortgage Securities Trust, Inc.

May 14, 2007 17:38 ET

PIMCO Commercial Mortgage Securities Trust, Inc.

NEWPORT BEACH, CA -- (MARKET WIRE) -- May 14, 2007 -- PIMCO Commercial Mortgage Securities Trust, Inc. (NYSE: PCM), a closed-end investment company investing primarily in commercial mortgage-backed securities, today declared a monthly dividend of 7.0 cents per share of ordinary income payable on June 14, 2007 with an ex-dividend date of May 29, 2007 to shareholders of record at the close of business on May 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 amounts withheld.

Investment Performance, Price and Dividend Information

The Fund's valuation and investment performance information are as follows:

Investment Performance, Price and Dividend Information

The Fund's valuation and investment performance information are as follows:

Performance for the periods ended 04/30/07
                         3       6      1        3         5         10
                        Mos     Mos    Year    Years(1)  Years(1)  Years(1)
PCM Based on Net
 Asset Value (%)       1.83    3.13    9.76     7.57      7.98      8.24

PCM Based on NYSE
 Share Price (%)     -15.07  -12.55   -6.81     6.89      5.14      8.35

Lehman Brothers
 Aggregate Index (%)   2.09    2.64    7.36     4.40      5.06      6.35

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

Past performance is not 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
------------       ----------------           ---------------
04/30/2007              $12.01                    $11.72
03/31/2007              $12.08                    $11.76
12/31/2006              $14.40                    $11.85

   Date              Premium/(Discount) to Net Asset Value
   ----              -------------------------------------
04/30/2007                          2.47%
03/31/2007                          2.72%
12/31/2006                          21.52%

                   Yield Information
                   -----------------
Annualized dividend yield at 04/30/07 based on NYSE share price:      6.99%
Annualized dividend yield at 04/30/07 based on Net Asset Value:       7.17%
Portfolio Statistics

The Fund's investment portfolio had the following characteristics as of April 30, 2007:

Portfolio Statistics
The Fund's investment portfolio had the following characteristics as of
 April 30, 2007:

Net Assets:             $133.0 million
Average Duration:       4.9 years
Average Maturity:       7.4 years
Quality Ratings:        -4% AAA, -4% AA, 23% A, 48% BAA, 15% BA, 16% B, 6%
(Based on Gross Assets)  less than B
Average Quality:        BA+

Sector Weightings:      4.6% Multi-Family (apartment buildings), 1.4%
                        Healthcare (hospitals and nursing care facilities),
                        5.7% Hospitality (hotels and motels), 62.6% Multi-
                        Class (a mix of all commercial property types,
                        including office buildings and industrial
                        properties), 14.1% Real Estate ABS, 0.0% Commercial
                        Paper, 6.3% Corporate, 5.3% Other
% Leverage
 (As of 04/30/07):      32.9% (The Fund's use of leverage is subject to
                         change at any time)
For further information, please contact Mick Willemsen, PIMCO Commercial Mortgage Securities Trust, Inc., at (949) 720-4734.

Past performance is not 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