Allianz Global Investors Fund Management Posts Additional 2009 Municipal Closed-End Fund Tax Information

Allianz Global Investors Fund Management LLC (the “Investment Manager”) announced today that additional Municipal Closed-End Fund Tax Information for 2009 is now available at http://www.allianzinvestors.com/closedEndFunds/services/2009Closed-EndFundTaxInformation.jsp

The Investment Manager is an indirect, wholly-owned subsidiary of Allianz Global Investors of America L.P., a member of Munich-based Allianz Group.

2009 Municipal Closed-End Fund Tax Statements are available for the following funds:

• PIMCO Municipal Income Fund (NYSE:PMF)
• PIMCO New York Municipal Income Fund (NYSE:PNF)
• PIMCO California Municipal Income Fund (NYSE:PCQ)
• PIMCO Municipal Income Fund II (NYSE:PML)
• PIMCO New York Municipal Income Fund II (NYSE:PNI)
• PIMCO California Municipal Income Fund II (NYSE:PCK)
• PIMCO Municipal Income Fund III (NYSE:PMX)
• PIMCO New York Municipal Income Fund III (NYSE:PYN)
• PIMCO California Municipal Income Fund III (NYSE:PZC)
• PIMCO Municipal Advantage Fund Inc. (NYSE: MAF)

The Funds' New York Stock Exchange closing prices, net asset values per share, as well as other information, including updated portfolio statistics and performance, is available at http://www.allianzinvestors.com or by calling the Funds' shareholder servicing agent at [phone].

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 further declines in the securities markets and 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 their operating strategy and/or acquisition strategy, and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations. Each Fund’s ability to pay dividends to common shareholders is subject to the restrictions in its registration statement and other governing documents as well as the Investment Company Act of 1940.