SOURCE: PIMCO

July 16, 2007 15:26 ET

RCS Dividend Announcement, Monthly Performance, and Statistics

NEWPORT BEACH, CA--(Marketwire - July 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 August 9, 2007 with an ex-dividend date of July 27, 2007 to shareholders of record as of the close of business on July 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 amount withheld.

Investment Performance, Price and Dividend Information

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

Performance for the
periods ended 06/30/07
                          3        6        1      3        5        10
                         Mos      Mos      Year  Years(1) Years(1) Years(1)
RCS Based on Net
 Asset Value (%)        -1.35     0.75     7.54     5.27     6.14     7.01

RCS Based on NYSE
 Share Price (%)        -4.33     2.49     6.02     8.13     6.22     8.87

Lehman Brothers
 Intermediate
 Aggregate Index (%)    -0.35     1.22     5.99     3.77     4.15     5.77

(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
------------               ----------------               ---------------
06/30/2007                    $    10.32                    $     9.88
05/31/2007                    $    11.13                    $    10.11
12/31/2006                    $    10.45                    $    10.19

Date                             Premium/(Discount) to Net Asset Value
----                             -------------------------------------
06/30/2007                                      4.45%
05/31/2007                                     10.09%
12/31/2006                                      2.55%

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

Annualized dividend yield at 06/30/07 based on NYSE share price:      7.56%
Annualized dividend yield at 06/30/07 based on Net Asset Value:       7.89%

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