Annual Shareholder Meeting
The Fund held its annual shareholders meeting on
February 24, 2000.
Shareholders for both common and preferred stock
voted to: 1) approve a new
management agreement between PIMCO Advisors L.P.
and the Fund; 2) approve a
new investment advisory and administration
agreement among PIMCO Advisors L.P.,
OpCap Advisors and the Fund; 3) elect Jeswald
W. Salacuse as director of the Fund;
and 4) ratify the appointment of
PricewaterhouseCoopers LLP as independent
accountants for the fiscal year ending
October 31, 2000.
The resulting vote count for each proposal
is indicated below.
Withhold
Affirmative Against Authority
1) Approval of a new management agreement
between PIMCO Advisors L.P. and the
Fund. 6,135,886 136,472 143,567
2) Approval for a new investment advisory and
administratin agreement among PIMCO
Advisors L.P., OpCap Advisors and the Fund.
6,131,655 136,930 146,341
3) Election of Jeswald W. Salacuse.
6,313,354 - 102,572
4) Ratification of the appointment of
PricewaterhouseCoopers LLP as the Fund's
independent accountants for the fiscal year
ending October 31, 2000.
6,279,154 72,585 64,186
