AGREEMENT
AMONG JOINT INSUREDS
THIS AGREEMENT made as of June
30, 2006 by and among Premier VIT, Municipal Advantage Fund
Inc., Fixed Income SHares, PIMCO Municipal Income Fund, PIMCO
California Municipal Income Fund, PIMCO New York Municipal Income Fund,
PIMCO Corporate Income Fund, PIMCO Municipal Income Fund II, PIMCO
California Municipal Income Fund II, PIMCO New York Municipal Income
Fund II, PIMCO Municipal Income Fund III, PIMCO California Municipal
Income Fund III, PIMCO New York Municipal Income Fund III, PIMCO
Corporate Opportunity Fund, Xxxxxxxx-Xxxxxxxxx Convertible & Income
Fund, PIMCO High Income Fund, Xxxxxxxx-Xxxxxxxxx Convertible &
Income Fund II, PIMCO Floating Rate Income Fund, PIMCO Floating Rate
Strategy Fund, NFJ Dividend, Interest & Premium Strategy Fund,
Xxxxxxxx-Xxxxxxxxx International & Premium Strategy Fund, PIMCO
Global StocksPLUS & Income Fund, PIMCO Funds, Allianz Funds, PIMCO
Variable Insurance Trust, PIMCO Commercial Mortgage Securities Trust,
Inc. and PIMCO Strategic Global Government Fund, Inc. (each a
‘‘Trust’’), on behalf of each
Trust’s respective series of shares (the
‘‘Funds’’).
WHEREAS, each of the
Trusts and Funds have investment advisers which are affiliates of each
other (each such firm, and any other advisory firm that is an affiliate
of such firms, an ‘‘Affiliated
Manager’’);
WHEREAS, the Trusts and Funds are named
as insureds under a joint Investment Company Blanket Bond (the
‘‘Bond’’) issued by National Union Fire
Insurance Company of Pittsburg, PA; Federal Insurance Company;
Continental Casualty Company; St. Xxxx Mercury Insurance; Great America
Insurance Company; Axis Reinsurance Company; Arch Specialty and Lloyds
of London (collectively, the
‘‘Insurers’’);
WHEREAS, the Trusts
desire to establish (i) the basis on which additional investment
companies for which an Affiliated Manager may hereafter act as
investment adviser may be added as named insureds under the Bond, and
(ii) the criteria by which recoveries under the Bond shall be allocated
among the parties;
NOW, THEREFORE, it is agreed as
follows:
1. If the Insurers are willing without additional
premium to add, as an insured under the Bond, any investment company,
not listed at the head of this agreement for which an Affiliated
Manager hereafter is investment adviser, which may be included in the
Bond pursuant to Rule 17g-1(b) under the Investment Company Act of
1940, as amended, and the rules and regulations thereunder (the
‘‘Act’’), the Trusts agree (a) that such
addition may be made, provided that those trustees of each Trust who
are not ‘‘interested persons’’ of such
Trust shall approve such addition, and (b) that such investment company
may become a party to this agreement and be included within the terms
‘‘Trust,’’
‘‘Fund,’’ or
‘‘party,’’ provided that in each case such
investment company shall have executed and delivered to the Trusts its
written agreement to become a party hereto and to be bound by the terms
of this Agreement.
2. In the event that the claims of loss
of two or more insureds under the Bond are so related that the Insurers
are entitled to assert that the claims must be aggregated, each Fund
shall receive an equitable and proportionate share of the recovery, but
at least equal to the amount it would have received had it provided and
maintained a single insured bond with the minimum coverage required
under Rule 17g-1 under the Act.
3. A copy of the Agreement
and Declaration of Trust or Trust Instrument of each Trust is on file
with the Secretary of State of the state in which such Trust was
organized, and notice is hereby given that this instrument is executed
on behalf of the Trustees of each Trust as Trustees and not
individually and that the obligations under this instrument are not
binding upon any of the Trustees or holders of shares of beneficial
interest of any Trust or Fund individually but are binding only upon
the respective assets and property of each Trust and
Fund.
IN WITNESS WHEREOF the parties have caused
these presents to be executed by their officers hereunto duly
authorized all as of the day and year first above
written.
 |
By: /s/ Xxxxx X.
Xxxxxxxx |
|
Xxxxx
X. Xxxxxxxx
Trustee, President and
CEO |
|
Municipal Advantage Fund
Inc. |
|
By: /s/ Xxxxx X.
Xxxxxxxx |
|
Xxxxx
X. Xxxxxxxx
President and CEO |
|
Fixed Income
SHares |
|
By: /s/ Xxxxx X.
Xxxxxxxx |
|
Xxxxx
X. Xxxxxxxx
President and CEO |
|
PIMCO
Municipal Income Fund |
|
By: /s/ Xxxxx
X.
Xxxxxxxx |
|
Xxxxx
X. Xxxxxxxx
President and CEO |
|
PIMCO
California Municipal Income Fund
|
|
By: /s/ Xxxxx X.
Xxxxxxxx |
|
Xxxxx
X. Xxxxxxxx
President and CEO |
|
PIMCO New
York Municipal Income Fund |
|
By: /s/
Xxxxx X.
Xxxxxxxx |
|
Xxxxx
X. Xxxxxxxx
President and CEO |
|
PIMCO
Corporate Income Fund |
|
By: /s/ Xxxxx
X.
Xxxxxxxx |
|
Xxxxx
X. Xxxxxxxx
President and CEO |
|
PIMCO
Municipal Income Fund II |
|
By: /s/
Xxxxx X.
Xxxxxxxx |
|
Xxxxx
X. Xxxxxxxx
President and CEO |
|
PIMCO
California Municipal Income Fund
II |
|
By: /s/ Xxxxx X.
Xxxxxxxx |
|
Xxxxx
X. Xxxxxxxx
President and CEO |
|
PIMCO New
York Municipal Income Fund
II |
|
By: /s/ Xxxxx X.
Xxxxxxxx |
|
Xxxxx
X. Xxxxxxxx
President and CEO |
|
PIMCO Municipal Income
Fund III |
|
By: /s/ Xxxxx X.
Xxxxxxxx |
|
Xxxxx
X. Xxxxxxxx
President and CEO |
|
PIMCO
California Municipal Income Fund
III |
|
By: /s/ Xxxxx X.
Xxxxxxxx |
|
Xxxxx
X. Xxxxxxxx
President and CEO |
|
PIMCO New
York Municipal Income Fund
III |
|
By: /s/ Xxxxx X.
Xxxxxxxx |
|
Xxxxx
X. Xxxxxxxx
President and CEO |
|
PIMCO
Corporate Opportunity Fund |
|
By: /s/ Xxxxx
X.
Xxxxxxxx |
|
Xxxxx
X. Xxxxxxxx
President and
CEO |
|
Xxxxxxxx-Xxxxxxxxx Convertible &
Income Fund |
|
By: /s/ Xxxxx X.
Xxxxxxxx |
|
Xxxxx
X. Xxxxxxxx
President and CEO |
|
PIMCO High
Income Fund |
|
By: /s/ Xxxxx X.
Xxxxxxxx |
|
Xxxxx
X. Xxxxxxxx
President and
CEO |
|
Xxxxxxxx-Xxxxxxxxx Convertible
&
Income Fund II |
|
By: /s/ Xxxxx X.
Xxxxxxxx |
|
Xxxxx
X. Xxxxxxxx
President and CEO |
|
PIMCO
Floating Rate Income Fund |
|
By: /s/ Xxxxx
X.
Xxxxxxxx |
|
Xxxxx
X. Xxxxxxxx
President and CEO |
|
PIMCO
Floating Rate Strategy Fund |
|
By: /s/ Xxxxx
X.
Xxxxxxxx |
|
Xxxxx
X. Xxxxxxxx
President and CEO |
|
NFJ
Dividend, Interest & Premium Strategy
Fund |
|
By: /s/ Xxxxx X.
Xxxxxxxx |
|
Xxxxx
X. Xxxxxxxx
President and CEO |
|
Xxxxxxxx-Xxxxxxxxx
International &
Premium Strategy
Fund |
|
By: /s/ Xxxxx X.
Xxxxxxxx |
|
Xxxxx
X. Xxxxxxxx
President and CEO |
|
PIMCO Global
StocksPLUS & Income Fund |
|
By: /s/
Xxxxx X.
Xxxxxxxx |
|
Xxxxx
X. Xxxxxxxx
President and CEO |
|
Allianz
Funds |
|
By: /s/ Xxxxx X.
Xxxxxxxx |
|
Xxxxx
X. Xxxxxxxx
Treasurer, Principal Financial and
Accounting
Officer |
|
PIMCO
Funds |
|
By: /s/ Xxxxxxx X.
Xxxxxxx |
|
Xxxxxxx
X. Xxxxxxx
Senior Vice
President |
|
PIMCO Variable Insurance
Trust |
|
By: /s/ Xxxxxxx X.
Xxxxxxx |
|
Xxxxxxx
X. Xxxxxxx
Senior Vice
President |
|
PIMCO Commercial
Mortgage
Securities Trust, Inc. |
|
By:
/s/ Xxxxxxx X.
Xxxxxxx |
|
Xxxxxxx
X. Xxxxxxx
Senior Vice
President |
|
PIMCO Strategic Global Government
Fund, Inc. |
|
By: /s/ Xxxxxxx X.
Xxxxxxx |
|
Xxxxxxx
X. Xxxxxxx
Senior Vice
President |
