(NY-MILBERG-WEISS) Milberg Weiss Announces the Filing of a Class
Action Suit on behalf of Purchasers of the Securities of the PIMCO
Family of Mutual Funds NEW YORK, Feb. 27 /PRNewswire/ -- The law
firm of Milberg Weiss Bershad Hynes & Lerach LLP announces that
a class action lawsuit was filed on February 27, 2004 on behalf of
purchasers of the securities of the PIMCO family of funds (the
"Funds") between February 28, 1999 and February 15, 2004,
inclusive, (the "Class Period"), seeking to pursue remedies under
the Securities Exchange Act of 1934, the Securities Act of 1933 and
the Investment Advisers Act of 1940. A copy of the complaint filed
in this action is available from the Court, or can be viewed on
Milberg Weiss' website at:
http://www.milberg.com/cases/pimcoinvestorfunds/ The Funds, and the
symbols for the respective Funds named below, are as follows: PIMCO
All Asset Fund (Sym: PASAX, PASBX, PASCX, PAAIX, PAALX PIMCO Asset
Allocation Fund (Sym: PALAX, PALBX, PALCX) PIMCO CA Intermediate
Muni Bond Fund (Sym: PCMBX, PCIMX) PIMCO CA Muni Bond Fund (Sym:
PCAAX, PICMX) PIMCO CCM Capital Appreciation Fund (Sym: PCFAX,
PFCBX, PFCCX, PAPIX) PIMCO CCM Mid-Cap Fund (Sym: PFMAX, PFMBX,
PFMCX, PGMIX) PIMCO CommodityRealReturn Strategy Fund (Sym: PCRAX,
PCRBX, PCRCX, PCRIX) PIMCO Diversified Income Fund (Sym: PDVAX,
PDVBX, PDICX, PDIIX) PIMCO Emerging Markets Bond Fund (Sym: PAEMX,
PBEMX, PEBCX, PEBIX) PIMCO Foreign Bond Fund (Sym: PFOAX, PFOBX,
PFOCX, PFORX) PIMCO GNMA Fund (Sym: PAGNX, PGGNX, PCGNX, PDMIX)
PIMCO Global Bond II Fund (Sym: PAIIX, PBIIX, PCIIX, PGBIX) PIMCO
High Yield Fund (Sym: PHDAX, PHDBX, PHDCX, PHIYX) PIMCO
International StocksPlus TR Strategy Fund (Sym: PIPAX, PIPBX,
PIPCX) PIMCO Investment Grade Corporate Bond Fund (Sym: PIGIX)
PIMCO Long-Term U.S.Govt. Fund (Sym: PFGAX, PGGBX, PFGCX, PGOVX)
PIMCO Low Duration Fund (Sym: PTLAX, PTLBX, PTLCX, PLDTX) PIMCO Low
Duration II Fund (Sym: PLDTX) PIMCO Low Duration III Fund (Sym:
PLDIX) PIMCO Moderate Duration Fund (Sym: PMDRX) PIMCO Money Market
Fund (Sym: PYAXX, PYCXX, PKCXX, PMIXX) PIMCO Municipal Bond Fund
(Sym: PMLAX, PNFBX, PMLCX, PFMIX) PIMCO NACM Flex-Cap Fund (Sym:
PNFAX, PNFBX, PNFCX) PIMCO NACM Global Fund (Sym: NGBAX, NGBBX,
NGBCX) PIMCO NACM Growth Fund (Sym: NGWAX, NGWBX, NGWCX PIMCO NACM
International Fund (Sym: PILAX, PILBX, PILCX) PIMCO NACM Pacific
Rim Fund (Sym: PPRAX, PPRBX, PPRCX, NAPRX) PIMCO NACM Value Fund
(Sym: PVUAX, PVUBX, PVUCX) PIMCO NFJDividend Value Fund (Sym:
PNEAX, PNEBX, PNECX, NFJEX) PIMCO NFJ Large-Cap Value Fund (Sym:
PNBAX, PNBBX, PNBCX) PIMCO NFJ Small-Cap Value Fund (Sym: PCVAX,
PCVBX, PCVCX, PSVIX) PIMCO NY Muni Bond Fund (Sym: PNYAX) PIMCO PEA
Growth Fund (Sym: PGWAX, PGFBX, PGWCX, PGFIX) PIMCO PEA Growth and
Income Fund (Sym: PGRAX, PGRBX, PGNCX, PMEIX) PIMCO PEA Innovation
Fund (Sym: PIVAX, PIVBX, PIVCX, PIFIX) PIMCO PEA Opportunity Fund
(Sym: POPAX, PQNBX, POPCX, POFIX) PIMCO PEA Renaissance Fund (Sym:
PQNAX, PGNBX, PQNCX, PRNIX) PIMCO PEA Target Fund (Sym: PTAAX,
PTABX, PTACX, PFTIX) PIMCO PEA Value Fund (Sym: PDLAX, PDLBX,
PDLCX, PDLIX) PIMCO RCM Biotechnology Fund (Sym: RABTX, RBBTX,
RCBTX) PIMCO RCM Global Healthcare Fund (Sym: RAGHX, RBGHX, RCGHX)
PIMCO RCM Global Small-Cap Fund (Sym: RGSAX, RGSBX, RGSCX, DGSCX)
PIMCO RCM Global Technology Fund (Sym: RAGTX, RBGTX, RCGTX, DRGTX)
PIMCO RCM International Growth Equity Fund (Sym: RAIGX, RBIGX,
RCIGX, DRIEX) PIMCO RCM Large-Cap Growth Fund (Sym: RALGX, RBLGX,
RCLGX, DRLCX) PIMCO RCM Mid-Cap Fund (Sym: RMDAX, RMDBX, RMDCX,
DRMCX) PIMCO RCM Tax-Managed Growth Fund (Sym: PMWAX, PMWBX, PMWCX,
DRTIX) PIMCO Real Return Fund (Sym: PRTNX, PRRBX, PRTCX, PRRIX,
PARRX, PRRRX) PIMCO Real Return Fund (Sym: PRRIX) PIMCO Real Return
II Fund (Sym: PIRRX) PIMCO Real Estate Real Return Strategy Fund
(Sym: PETAX, PETBX, PETCX) PIMCO Short Duration Municipal Income
Fund (Sym: PSDAX, PSDCX, PSDIX) PIMCO Short-Term Fund (Sym: PSHAX,
PTSBX, PFTCX, PTSHX) PIMCO Stocks PLUS Fund (Sym: PSPAX, PSPBX,
PSPCX, PSTKX) PIMCO Stocks PLUS Total Return Fund (Sym: PTOAX,
PTOBX, PSOCX, PSPTX PIMCO Total Return Fund (Sym: PTTAX, PTTBX,
PTTCX, PTTRX) PIMCO Total Return II Fund (Sym: PMBIX PIMCO Total
Return III Fund (Sym: PTSAX) PIMCO Total Return Mortgage Fund (Sym:
PMRAX, PMRBX, PMRCX, PTRIX) The action is pending in the United
States District Court for the District of Connecticut against
defendants Allianz Dresdner Asset Management of America L.P.;
Allianz of America; Allianz Dresdner Asset Management of America
Holding Inc.; PIMCO Advisors Fund Management LLC; PEA Capital LLC;
Cadence Capital Management LLC; NFJ Investment Group L.P.;
Nicholas-Applegate Capital Management LLC; RCM Capital Management
LLC; PIMCO Funds Multi Manager Series; PIMCO Advisors VIT; Fixed
Income Shares; PIMCO Funds; Canary Capital Partners, LLC; Canary
Investment Management, LLC; Edward J. Stern; Brean Murray, Inc.;
each of the Funds; and John Does 1-100. The Complaint alleges that
defendants violated Sections 11 and 15 of the Securities Act of
1933; Sections 10(b) and 20(a) of the Securities Exchange Act of
1934, and Rule 10b-5 promulgated thereunder; and Section 206 of the
Investment AdvisersAct of 1940. The Complaint charges that,
throughout the Class Period, the Fund prospectuses failed to
disclose that the Canary Defendants, as defined therein, and the
John Doe defendants, were allowed to engage in "timing" of the
Funds' securities. Timing is excessive, arbitrage trading
undertaken to turn a quick profit and which ordinary investors are
told that the funds police. Timing injures ordinary mutual fund
investors -- who are not allowed to engage in such practices -- and
are acknowledged as an improper practice by the Funds. In return
for receiving extra fees from the Canary Defendants and the John
Doe Defendants, the Funds allowed and facilitated the privileged
investors' timing activities, to the detriment of class members,
who paid, dollar for dollar, for the Canary Defendants and John Doe
Defendants' improper profits. These practices were undisclosed in
the prospectuses of the Funds, which falsely represented that the
Funds actively police against. If you bought the securities of any
of the Funds between February 28, 1999 and February 15, 2004 and
sustained damages, you may, no later than April 20, 2004, request
that the Court appoint you as lead plaintiff. A lead plaintiff is a
representative party that acts on behalf of other class members in
directing the litigation. In order to be appointed lead plaintiff,
the Court must determine that the class member's claim is typical
of the claims of other class members, and that the class member
will adequately represent the class. Under certain circumstances,
one or more class members may together serve as "lead plaintiff."
Your ability to share in any recovery is not, however, affected by
the decision whether or not to serve as a lead plaintiff. You may
retain Milberg Weiss Bershad Hynes & Lerach LLP, or other
counsel of your choice, to serve as your counsel in this action.
Milberg Weiss Bershad Hynes & Lerach LLP
(http://www.milberg.com/) is a 190-lawyer firm with offices in New
York City, San Diego, San Francisco, Los Angeles, Boca Raton,
Philadelphia and Seattle, and is active in major litigations
pending in federal and state courts throughout the United States.
Milberg Weiss has taken a leading role in many important actions on
behalf of defrauded investors, consumers, and others, and has been
responsible for more than $20 billion in aggregate recoveries.
Please contact the Milberg Weiss website for more information about
the firm. If you wish to discuss this action with us, or have any
questions concerning this notice or your rights and interests with
regard to the case, please contact the following attorneys: Steven
G. Schulman Peter E. Seidman Andrei V. Rado One Pennsylvania Plaza,
49th fl. New York, NY, 10119-0165 Phone number: (800) 320-5081
Email: Website: http://www.milberg.com/ ( PASAX PASBX PASCX PAAIX
PAALX PALAX PALBX PALCX PCMBX PCIMX PCAAX PICMX PCFAX PFCBX PFCCX
PAPIX PFMAX PFMBX PFMCX PGMIX PCRAX PCRBX PCRCX PCRIX PDVAX PDVBX
PDICX PDIIX PAEMX PBEMX PEBCX PEBIX PFOAX PFOBX PFOCX PFORX PAGNX
PGGNX PCGNX PDMIX PAIIX PBIIX PCIIX PGBIX PHDAX PHDBX PHDCX PHIYX
PIPAX PIPBX PIPCX PIGIX PFGAX PGGBX PFGCX PGOVX PTLAX PTLBX PTLCX
PLDTX PLDTX PLDIX PMDRX PYAXX PYCXX PKCXX PMIXX PMLAX PNFBX PMLCX
PFMIX PNFAX PNFBX PNFCX NGBAX NGBBX NGBCX NGWAX NGWBX NGWCX PILAX
PILBX PILCX PPRAX PPRBX PPRCX NAPRX PVUAX PVUBX PVUCX PNEAX PNEBX
PNECX NFJEX PNBAX PNBBX PNBCX PCVAX PCVBX PCVCX PSVIX PNYAX PGWAX
PGFBX PGWCX PGFIX PGRAX PGRBX PGNCX PMEIX PIVAX PIVBX PIVCX PIFIX
POPAX PQNBX POPCX POFIX PQNAX PGNBX PQNCX PRNIX PTAAX PTABX PTACX
PFTIX PDLAX PDLBX PDLCX DLIX RABTX RBBTX RCBTX RAGHX RBGHX RCGHX
RGSAX RGSBX RGSCX DGSCX RAGTX RBGTX RCGTX DRGTX RAIGX RBIGX RCIGX
DRIEX RALGX RBLGX RCLGX DRLCX RMDAX RMDBX RMDCX DRMCX PMWAX PMWBX
PMWCX DRTIX PRTNX PRRBX PRTCX PRRIX PARRX PRRRX PRRIX PIRRX PETAX
PETBX PETCX PSDAX PSDCX PSDIX PSHAX PTSBX PFTCX PTSHX PSPAX PSPBX
PSPCX PSTKX PTOAX PTOBX PSOCX PSPTX PTTAX PTTBX PTTCX PTTRX PMBIX
PTSAX PMRAX PMRBX PMRCX PTRIX ) DATASOURCE: Milberg Weiss Bershad
Hayes & Lerach LLP CONTACT: Steven G. Schulman, Peter E.
Seidman, Andrei V. Rado, all of Milberg Weiss Bershad Hynes &
Lerach LLP, +1-800-320-5081 Web site: http://www.milberg.com/
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