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PIMCO Income Strategy Fund and PIMCO Income Strategy Fund II Announce Date of Annual Shareholder Meetings

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NEW YORK--([ BUSINESS WIRE ])--PIMCO Income Strategy Fund (NYSE: PFL) and PIMCO Income Strategy Fund II (NYSE: PFN) (each a aFunda and, collectively, the aFundsa) today announced that the Fundsa™ annual Shareholder Meetings for the 2011-2012 fiscal year will be held jointly on Tuesday, July 31, 2012 at 10:30 A.M. The Fundsa™ last proxy statement, dated November 12, 2010, previously indicated that the meetings were anticipated to be held in December 2011.

Additional information regarding deadlines for shareholder proposals and/or trustee nominations made under the Funds' Bylaws or pursuant to Rule 14a-8 under the Securities Exchange Act of 1934, as amended, will be subsequently announced to shareholders in a document to be filed with the Securities and Exchange Commission by the Funds.

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

The Fundsa™ daily New York Stock Exchange closing prices, net asset values per share, as well as other information, including updated portfolio statistics and performance are available at [ www.allianzinvestors.com ] or by calling the Fundsa™ shareholder servicing agent at (800) 254-5197.