PIMCO Dynamic Income Fund Reports Results For The Fiscal Quarter And Period Ended September 30, 2012

PIMCO Dynamic Income Fund (the "Fund") (NYSE: PDI), a non-diversified, closed-end management investment company which seeks current income as a primary objective and capital appreciation as a secondary objective, today announced its results for the fiscal quarter and period ended September 30, 2012.
       

At September 30, 2012
   
Net Assets $1,263,989,904
Shares Outstanding 45,114,568
Net Asset Value ("NAV") $28.02
Market Price $28.23
Premium to NAV 0.75%
 

Quarter ended September 30, 2012
Net Investment Income (b) $34,104,704
Per Share (b) $0.74
Net Realized and Unrealized Gain (b) $144,384,054
Per Share (b) $3.14
 
For the Period May 30, 2012 (a)

through September 30, 2012
Net Investment Income (b) $39,476,008
Per Share (b) $0.87
Net Realized and Unrealized Gain (b) $172,522,281
Per Share (b) $3.83
 

(a)
 

Commencement of operations.
 

(b)

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 period ended September 30, 2012 was $1,836,961 ($0.03 per share) and $2,919,342 ($0.06 per share) lower, respectively, and Net Realized and Unrealized Gain correspondingly higher than those figures would have been if swap amounts were treated as net investment income.
 

Allianz Global Investors Fund Management LLC ("AGIFM"), an indirect, wholly-owned subsidiary of Allianz Asset Management 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.

The Fund's daily New York Stock Exchange closing market price, NAV, 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 objective. In making any investment decision, individuals should utilize other information sources and the advice of their own professional adviser.

Copyright Business Wire 2010

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