PIMCO Strategic Global Government Fund, Inc. Reports Results for the Fiscal Quarter and Six Months Ended July 31, 2010

NEW YORK--([ BUSINESS WIRE ])--PIMCO Strategic Global Government Fund, Inc. (the "Fund") (NYSE: RCS), a non-diversified, closed-end management investment company which as a primary objective seeks to generate, over time, a level of income higher than that generated by high-quality, intermediate-term U.S. debt securities and as a secondary objective, seeks to maintain volatility in the net asset value of the shares of the Fund comparable to that of high-quality, intermediate-term U.S. debt securities, today announced its results for the fiscal quarter and six months ended July 31, 2010.


	At July 31,
	2010	2009
Net Assets	$386,744,826	$313,637,146
Shares Outstanding	39,194,776	38,596,552
Net Asset Value ("NAV")	$9.87	$8.13
Market Price	$11.46	$9.53
Premium to NAV	16.11%	17.22%
Undistributed Net Investment Income
Per Share (b)	$0.4249	$0.3010


	Quarter ended July 31,
	2010	2009
Net Investment Income (a)	$11,816,358	$10,658,443
Per Share (a)	$0.30	$0.28
Net Realized and Change in Unrealized Gain (a)	$7,537,956	$38,706,261
Per Share (a)	$0.19	$1.00

	Six Months ended July 31,
	2010	2009
Net Investment Income (a)	$22,634,343	$20,358,150
Per Share (a)	$0.58	$0.53
Net Realized and Change in Unrealized Gain (a)	$23,884,275	$20,368,048
Per Share (a)	$0.61	$0.53

(a)		The information provided is in accordance with generally accepted accounting principals ("GAAP"), which requires the Fund to treat amounts accrued by the Fund under swap agreements as net realized and unrealized gain (loss). However, these amounts are treated as net income (loss) for federal income tax purposes. By using GAAP, Net Investment Income for the fiscal quarter and six months ended July 31, 2010 was $5,235 (less than $0.01 per share) and $393,106 ($0.01 per share) lower, respectively, and Net Realized and Change Unrealized Gain correspondingly higher than those figures would have been if swap amounts were treated as net income in accordance with federal income tax treatment. By using GAAP, Net Investment Income for the fiscal quarter and six months ended July 31, 2009 was $787,589 ($0.02 per share) and $1,394,059 ($0.04 per share) lower, respectively and Net Realized and Change in Unrealized Gain correspondingly higher than those figures would have been if swap amounts were treated as net income in accordance with federal tax treatment.

(b)		Since the Fund's net earning rates fluctuate from month to month, there will be periods when the Fund may over-earn or under-earn its monthly dividend rate. This fluctuation will have the effect of adding to or subtracting from the Fund's undistributed net investment income balance. Fund management analyzes the current and projected net earning rates prior to recommending dividend amounts to the Fund's Board of Trustees for declaration. There can be no assurance that the monthly dividend rate will remain at its current level or that the undistributed net investment income balance will be sufficient to cover any shortfall in earnings to meet the current dividend rate. The undistributed net investment income balance is inclusive of swap income (or loss), paydown gains and net gain (or loss) from foreign currency transactions in accordance with federal income tax treatment of these items.

Allianz Global Investors Fund Management LLC ("AGIFM"), an indirect, wholly-owned subsidiary of Allianz Global Investors of America L.P., serves as the Fund's investment manager and is a member of Munich-based Allianz Group. Pacific Investment Management Company LLC, an affiliate of AGIFM, serves as the Fund's sub-adviser.

The Fund's daily New York Stock Exchange closing price, net asset value per share, as well as other information, is available at [ www.allianzinvestors.com/closedendfunds ] or by calling the Fund's shareholder servicing agent at (800) 254-5197.

The financial information contained herein is solely based upon the data available at the time of publication of this press release, and there is no assurance that any future results will be the same or similar to what is reported herein. Information that was obtained from third party sources we believe to be reliable is not guaranteed as to its accuracy or completeness. This press release contains no recommendations to buy or sell any specific securities and should not be considered investment advice of any kind. Past performance is no guarantee of future results and the investment returns generated by the Fund will fluctuate. There can be no assurance that the Fund will meet its stated objectives. In making any investment decision, individuals should utilize other information sources and the advice of their own professional adviser.

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PIMCO Strategic Global Government Fund, Inc. Reports Results for the Fiscal Quarter and Six Months Ended July 31, 2010