PIMCO Global StocksPLUS & Income Fund Reports Results for the Fiscal Quarter and Six Months Ended September 30, 2006


NEW YORK, Dec. 4, 2006 (PRIME NEWSWIRE) -- 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 announced its results for the fiscal quarter and six months ended September 30, 2006.



                                At September 30,    At September 30,
                                     2006                 2005
                               ------------------  -----------------
 Net Assets                      $     242,906,822     $   236,756,713
 Shares Outstanding                      9,329,821           9,329,821
 Net Asset Value ("NAV")         $           26.04     $         25.38
 Market Price                    $           26.30     $         24.10
 Premium (Discount) to NAV                   1.00%              (5.04)%



                                 Quarter ended       Quarter ended
                               September 30, 2006  September 30, 2005
                               ------------------  -----------------
 Net Investment Income (a)       $       2,243,208     $     2,430,515
 Per Share (a)                   $            0.23     $          0.26
 Net Realized and Change in
  Unrealized Gain (a)            $      10,775,141     $    15,922,210
 Per Share (a)                   $            1.17     $          1.71
 3 Month Average Undistributed
   Net Investment Income per
   share (b)                     $           0.082                 N/A



                                Six Months ended
                               September 30, 2006
                               ------------------
 Net Investment Income (a)       $       4,241,804
 Per Share (a)                   $            0.45
 Net Realized and Change in
   Unrealized Gain (a)           $       7,820,196
 Per Share (a)                   $            0.85




    (a) The information provided is in accordance with generally
    accepted accounting principles ("GAAP"), which requires the Fund
    to treat amounts received under swap agreements as net realized
    gain (loss). However, these amounts are treated as net income
    (loss) for federal income tax purposes. By using GAAP, Net
    Investment Income for the quarter and six months ended September
    30, 2006 was $2,042,095 ($0.22 per share) and $5,563,020 ($0.60
    per share), respectively, lower (and Net Realized and Change in
    Unrealized Gain correspondingly higher) than those figures would
    have been if swap amounts were treated as net income (loss) in
    accordance with federal income tax treatment.

    By using GAAP, Net Investment Income for the quarter ended
    September 30, 2005 was $2,232,980 ($0.24 per share) lower (and Net
    Realized and Change in Unrealized Gain correspondingly higher)
    than those figures would have been if swap amounts were treated as
    net income (loss) in accordance with federal income tax treatment.

    (b) Calculated using the month-end balances for the three months
    ended September 30, 2006. Please note that generally there is a
    close correlation between what the Fund earns (net of expenses)
    and what it pays in monthly dividends. However, since net earning
    rates fluctuate from month to month while monthly dividends have
    remained relatively stable, there will be periods when the Fund
    may modestly over-earn or under-earn its monthly dividend, which
    would have the effect of adding to or subtracting from the Fund's
    undistributed (overdistributed) net investment income balance.
    Fund management analyzes the Fund's 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 current dividend rate or the undistributed (overdistributed)
    net investment income balance will remain constant. Inclusive of
    amounts received under swap agreements, in accordance with federal
    income tax treatment.

Allianz Global Investors Fund Management LLC, an indirect, wholly-owned subsidiary of Allianz Global Investors of America L.P., serves as the Fund's investment manager and is a member of Munich-based Allianz Group (NYSE:AZ). Pacific Investment Management Company LLC, an Allianz Global Investors Fund Management affiliate, serves as the Fund's sub-adviser.

The Fund's daily New York Stock Exchange closing price, net asset value per share, as well as other information, is available at http://www.allianzinvestors.com/closedendfunds or by calling the Fund's shareholder servicing agent at (800) 331-1710.

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. In making any investment decision, individuals should utilize other information sources and the advice of their own professional advisor.



            

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