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Exhibit 14 INDEPENDENT AUDITORS' CONSENT The Boards of Directors Pilgrim GNMA Income Fund, Inc. and Pilgrim Government Securities Income Fund, Inc.: We consent to the use of our reports on the Pilgrim GNMA Income Fund and the Pilgrim Government Securities Income Fund, incorporated herein by reference, and to the reference to our firm under the heading "Financial Highlights" in the proxy statement/prospectus. /s/ KPMG LLP KPMG LLP Los Angeles, California December 4, 2000
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