SOURCE: PIMCO

March 14, 2007 14:09 ET

RCS Dividend Announcement, Monthly Performance and Statistics

NEWPORT BEACH, CA -- (MARKET WIRE) -- March 14, 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 April 12, 2007 with an ex-dividend date of March 28, 2007 to shareholders of record as of the close of business on March 30, 2007.

The dividend will be paid in cash. Shareholders who participate in the Fund's Dividend Reinvest-ment 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 02/28/07

                                    3      6      1      3      5      10
                                   Mos    Mos   Year   Years1 Years1 Years1

RCS Based on Net Asset Value (%)   2.43   4.94   6.20   4.86   6.51   7.40

RCS Based on NYSE Share Price (%)  8.27  11.02   4.56   5.57   9.41  10.19

Lehman Brothers Intermediate
 Aggregate Index (%)               0.99   3.43   5.62   3.35   4.63   6.04

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
    ------------      -----------       -----------
      02/28/2007      $     11.56       $     10.20
      01/31/2007      $     11.14       $     10.12
      12/31/2006      $     10.45       $     10.19
                      -----------       -----------



       Date           Premium/(Discount) to Net Asset Value
       ----           -------------------------------------
    02/28/2007                       13.33%
    01/31/2007                       10.08%
    12/31/2006                        2.55%


                          Dividend Information
                          --------------------

  Annualized dividend yield at 02/28/07 based on NYSE share  price:   6.75%
  Annualized dividend yield at 02/28/07 based on Net Asset Value:     7.65%

                        Portfolio Statistics

The Fund's investment portfolio had the following characteristics as of
February 28, 2007:

Net Assets:                $381.6 Million

Average Duration:          4.2 years

Average Maturity:          3.6 years

Quality Ratings:           86% AAA, -17% AA, 4% A, 5% BAA, 15% BA, 7% B,
(Based on Gross Assets)    0% less than B

Average Quality:           AA

Sector Weightings:         136.0% Mortgage-Backed (18.0% FNMA, 26.0% GNMA,
(Based on Gross Assets)    58.0% FHLMC, 34.0% 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), -98.0% U.S. Treasury/Agency,
                           8.0% Non-U.S., 26.0% Cash and Equivalent, 9.0%
                           Corporates

% Leverage                 31.1% (The Fund's use of leverage is subject to
(As of 02/28/07)           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