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PIMCO Global StocksPLUS® & Income Fund Reports Results For The Fiscal Quarter And Nine Months Ended December 31, 2011

PIMCO Global StocksPLUS® & Income Fund (the "Fund") (NYSE: PGP), a non-diversified, closed-end management investment company which seeks total return comprised of current income, current gains and long-term capital appreciation, today announced its results for the fiscal quarter and nine months ended December 31, 2011.

   

At December 31

2011

     

2010

Net Assets $ 111,417,703 $ 146,136,092
Shares Outstanding 10,228,813 10,122,452
Net Asset Value ("NAV") $ 10.89 $ 14.44
Market Price $ 18.75 $ 21.60
Premium to NAV 72.18 % 49.58 %
Undistributed Net Investment
Income Per Share (b) $ 0.2206 $ 0.1846
 
 

Quarter ended December 31,

2011

2010

Net Investment Income (a) $ 2,710,106 $ 4,429,740
Per Share (a) $ 0.26 $ 0.44
Net Realized and Change in Unrealized Gain (a) $ 2,015,049 $ 11,484,047
Per Share (a) $ 0.22 $ 1.16
 
 
 

Nine Months ended December 31,

2011

2010

Net Investment Income (a) $ 11,608,040 $ 12,334,919
Per Share (a) $ 1.14 $ 1.23
Net Realized and Change in Unrealized Gain (Loss) (a) $ (36,059,482 ) $ 22,992,769
Per Share (a) $ (3.48 ) $ 2.34

(a)

The information provided is in accordance with generally accepted accounting principles ("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 investment income (loss) for federal income tax purposes. By using GAAP, Net Investment Income for the fiscal quarter and nine months ended December 31, 2011 was $1,430,566 ($0.14 per share) and $4,373,569 ($0.43 per share) lower, respectively, and Net Realized and Change in Unrealized Gain (Loss) correspondingly higher/lower than those figures would have been if swap amounts were treated as net investment income. By using GAAP, Net Investment Income for the fiscal quarter and nine months ended December 31, 2010 was $1,769,720 ($0.17 per share) and $4,541,010 ($0.45 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 investment income.

(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 Asset Management of America L.P., (formerly 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 AGIFM affiliate, serves as the Fund's sub-adviser.

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