SOURCE: PIMCO

September 17, 2007 14:27 ET

September 17, 2007 -- RCS Dividend Announcement, Monthly Performance, and Statistics

NEWPORT BEACH, CA--(Marketwire - September 17, 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 October 11, 2007 with an ex-dividend date of September 26, 2007 to shareholders of record as of the close of business on September 28, 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 08/31/07
                          3       6      1       3         5       10
                         Mos     Mos    Year   Years(1) Years(1) Years(1)
RCS Based on Net
 Asset Value (%)        -1.63   -0.62   4.29    3.98     5.79     6.85

RCS Based on NYSE
 Share Price (%)       -11.23  -12.96  -3.36    1.39     4.13     7.94

Lehman Brothers
 Intermediate Aggregate
 Index (%)               1.79    1.84   5.33    3.59     4.06     5.81

(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
------------        ----------------    -----------------

08/31/2007               $9.69               $9.75
07/31/2007              $10.36               $9.69
12/31/2006              $10.45              $10.19

Date               Premium/(Discount) to Net Asset Value
----               -------------------------------------
08/31/2007                       -0.62%
07/31/2007                        6.91%
12/31/2006                        2.55%

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

Annualized dividend yield at 08/31/07 based on NYSE share price:    8.05%
Annualized dividend yield at 08/31/07 based on Net Asset Value:     8.00%

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

Net Assets:             $366.8 Million
Average Duration:       5.7 years
Average Maturity:       6.6 years
Quality Ratings:        60% AAA, 34% AA, 1% A, 1% BAA, 2% BA, 1% B, 0%
                        less than B,
(Based on Gross Assets) 1% Unrated
Average Quality:        AAA
Sector Weightings:
(Based on Gross Assets) 133.0% Mortgage-Backed (41.0% FNMA, 30.0% GNMA,
                        13.0% FHLMC, 49.0% Other Mortgages), 20.0% Emerging
                        Markets (6.5% Brazil, 0.9% British Virgin Islands,
                        0.5% Cayman Islands, 0.5% Chile, 1.4% Dominican
                        Republic, 1.4% Jamaica, 0.4% Kazakhstan, 0.6%
                        Malaysia, 2.7% Mexico, 0.4% Pakistan, 0.9% Panama,
                        0.2% Peru, 0.7% Russia, 0.5% Tunisia, 2.2% Ukraine,
                        0.2% Venezuela), -49.0% U.S. Treasury/Agency, 9.0%
                        Non-U.S., -25.0% Cash and Equivalent, 12.0%
                        Corporates
% Leverage              0.0% (The Fund's use of leverage is subject to
                        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