PIMCO Floating Rate Strategy Fund Reports Results for the Fiscal Quarter and Year Ended July 31,...

NEW YORK, Oct. 6, 2008 (GLOBE NEWSWIRE) -- PIMCO Floating Rate Strategy Fund (the "Fund") (NYSE:PFN), a closed-end management investment company which seeks high current income, consistent with the preservation of capital, today announced its results for the fiscal quarter and year ended July 31, 2008. At July 31, ----------- 2008 2007 ---- ---- Net Assets (a) $1,084,631,669 $1,192,152,155 Common Shares Outstanding 42,698,659 42,497,148 Net Asset Value ("NAV") $14.16 $16.76 Market Price $12.80 $17.28 Premium (Discount) to NAV (9.60)% 3.10% Quarter ended July 31, ---------------------- 2008 2007 ---- ---- Net Investment Income (b) $16,532,483 $20,874,015 Per Common Share (b) $0.39 $0.51 Net Realized and Change in Unrealized Loss (b) $(33,553,776) $(74,843,855) Per Common Share (b) $(0.79) $(1.77) Undistributed... [read full story]