PIMCO COMMERCIAL MORTGAGE SECURITIES TRUST, INC. Announces Special Shareholder Meeting

NEWPORT BEACH, Calif., Dec. 6, 1999 (PRIMEZONE) -- PIMCO Commercial Mortgage Securities Trust, Inc. (NYSE:PCM), a closed-end investment company investing primarily in commercial mortgage-backed securities, today announced that a Special Meeting of Shareholders of the Fund, for the purpose of approving a new investment advisory agreement and other matters, will be held at the offices of PIMCO Commercial Mortgage Securities Trust, Inc., 840 Newport Center Drive, Newport Beach, California 92660, on Friday, March 3, 2000, at 10:00 a.m., Pacific time. The Board of Directors has set the close of business on December 20, 1999 as the record date for determining shareholders entitled to notice of and to vote at the meeting or any adjournments of the meeting.