PIMCO Global Income Opportunities Fund Announces Monthly Distribution and Increase to Targeted Monthly Distribution Rate

TORONTO, ON--(Marketwired - Sep 21, 2015) - PIMCO Global Income Opportunities Fund (the "Fund") (TSX: PGI.UN) is pleased to announce today that it has declared a monthly distribution on its Class A Units (the "Units"). The level of the distribution has been increased versus the level of distributions made in prior months. The distribution is equal to $0.05688 per Unit and will be paid on October 15, 2015 to the holders of record at the close of business on September 30, 2015.

While the Fund does not have a fixed distribution, distributions are now targeted to be equal to $0.05688 per Unit per month moving forward which represents an approximate 5% increase over the previous targeted monthly distribution of $0.05417 per Unit per month. The change in targeted monthly distribution for the Fund takes into account many factors, including but not limited to, the Fund's current and expected earnings, the overall market environment and PIMCO's current economic and market outlook.

Unitholders are reminded that the Fund offers a distribution reinvestment plan ("DRIP") which will provide unitholders with the ability to automatically reinvest their distributions. Eligible unitholders are encouraged to contact the institution through which they hold their Units to confirm enrolment procedures and timelines. A copy of the DRIP is available at https://canada.pimco.com.

The Fund invests in an actively managed portfolio comprised primarily of fixed-income securities selected from multiple global fixed-income sectors. The Manager, PIMCO Canada Corp. ("PIMCO Canada"), retains Pacific Investment Management Company, LLC, ("PIMCO"), to provide investment management services to the Fund.

The Fund's investment objectives are to:

(a) provide unitholders with monthly cash distributions;
(b) maximize total return to unitholders through distributions and capital appreciation; and
(c) preserve capital.

About PIMCO

PIMCO is a leading global investment management firm, with 13 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.

Forward-Looking Statements

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Fund. The forward-looking statements are not historical facts but reflect the Fund's, PIMCO Canada and/or PIMCO's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including, but not limited to, market factors. Although the Fund, PIMCO Canada and/or PIMCO believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Fund, PIMCO Canada and/or PIMCO undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other factors which affect this information, except as required by law.