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NEW YORK--([ BUSINESS WIRE ])--The Boards of Trustees of PIMCO Municipal Income Fund (NYSE: PMF), PIMCO California Municipal Income Fund (NYSE: PCQ), PIMCO New York Municipal Income Fund (NYSE: PNF), PIMCO Municipal Income Fund II (NYSE: PML), PIMCO California Municipal Income Fund II (NYSE: PCK), PIMCO New York Municipal Income Fund II (NYSE: PNI), PIMCO Municipal Income Fund III (NYSE: PMX), PIMCO California Municipal Income Fund III (NYSE: PZC) and PIMCO New York Municipal Income Fund III (NYSE: PYN) (collectively, the aFundsa) announced today that they have declared the following dividends on the Fundsa common shares:

The dividends will be payable on October 1, 2012 to shareholders of record on September 14, 2012, with an ex-dividend date of September 12, 2012.

At August 31, 2012, the Fundsa net assets (a) were approximately:

The Fundsa are closed-end management investment companies. The investment objective of each Fund is to provide current income exempt from federal income tax. PCQ, PCK and PZC also seek to provide current income exempt from California state income taxes. PNF, PNI and PYN also seek to provide income exempt from New York State and city income taxes. There can be no assurance that the Funds will meet their stated objectives.

Allianz Global Investors Fund Management LLC (aAGIFMa), an indirect, wholly-owned subsidiary of Allianz Asset Management of America, L.P., serves as the Fundsa investment manager and is a member ofMunich-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 market prices, net asset values per share, as well as other information, including updated portfolio statistics and performance are available at [ http://www.allianzinvestors.com/closedendfunds ] or by calling the Fundsa shareholder servicing agent at (800) 254-5197.

Statements made in this release that look forward in time involve risks and uncertainties and are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Funds' performance, a general downturn in the economy, competition from other companies, changes in government policy or regulation, inability to attract or retain key employees, inability to implement its operating strategy and/or acquisition strategy, and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations. The Fundsa ability to pay dividends to common shareholders is subject to the restrictions in their registration statements, by-laws and other governing documents, as well as the Investment Company Act of 1940.