SOURCE: PIMCO Strategic Global Government Fund, Inc.

April 16, 2007 14:45 ET

PIMCO Strategic Global Government Fund, Inc.

NEWPORT BEACH, CA -- (MARKET WIRE) -- April 16, 2007 -- PIMCO Strategic Global Government Fund, Inc. (NYSE: RCS) (the "Fund"), today declared dividends totaling 6.5 cents per share of ordinary income payable on May 10, 2007 with an ex-dividend date of April 26, 2007 to shareholders of record as of the close of business on April 30, 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 amount withheld.

                Investment Performance, Price and Dividend Information

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

Performance for the periods ended 03/31/07

                        3       6       1       3        5        10
                        Mos     Mos     Year    Years(1) Years(1) Years(1)
RCS Based on Net
 Asset Value (%)        2.13    5.14    8.29    4.80     6.93     7.67

RCS Based on NYSE
 Share Price (%)        7.14    3.42    -0.19   3.32     8.64     9.77

Lehman Brothers
 Intermediate Aggregate
 Index (%)              1.57    2.86    6.49    3.20     4.96     6.14

(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
------------            ----------------        ---------------
03/31/2007                   $10.99                  $10.21
02/28/2007                   $11.56                  $10.20
12/31/2006                   $10.45                  $10.19


            Date          Premium/(Discount) to Net Asset Value
            ----          -------------------------------------
         03/31/2007                       7.64%
         02/28/2007                      13.33%
         12/31/2006                       2.55%


                       Dividend Information
                       --------------------
Annualized dividend yield at 03/31/07 based on NYSE share price: 7.10%
Annualized dividend yield at 03/31/07 based on Net Asset Value:  7.64%

                         Portfolio Statistics

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

Net Assets:             $382.4 Million

Average Duration:       3.8 years

Average Maturity:       3.7 years

Quality Ratings:        86% AAA, -16% AA, 3% A, 5% BAA, 15% BA, 7% B,
(Based on Gross Assets) 0% less than B

Average Quality:        AA

Sector Weightings:      151.0% Mortgage-Backed (22.0% FNMA, 26.0% GNMA,
(Based on Gross Assets) 65.0% FHLMC, 38.0% Other Mortgages), 19.0% Emerging
                        Markets (5.8% Brazil, 0.4% Cayman Islands,
                        0.5% Chile, 1.3% Dominican Republic, 1.2% Jamaica,
                        0.3% Kazakhstan, 0.6% Malaysia, 4.1% Mexico,
                        0.4% Pakistan, 0.8% Panama, 0.2% Peru, 0.6% Russia,
                        0.5% Tunisia, 2.0% Ukraine, 0.3% Venezuela), -97.0%
                        U.S. Treasury/Agency, 8.0% Non-U.S., 10.0% Cash and
                        Equivalent, 9.0% Corporates

% Leverage              31.5% (The Fund's use of leverage is subject to
(As of 03/31/07)        change at any time)

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