PIMCO Dynamic Credit Income Fund (“PCI”) Announces Voting Results of Annual Meeting of Shareholders

NEW YORK, NY–(Marketwired – May 7, 2015) – PIMCO Dynamic Credit Income Fund (: ) announces that shareholders have overwhelmingly elected current Trustees Craig A. Dawson, Bradford K. Gallagher and James A. Jacobson, as Trustees to the Fund’s Board, defeating the nominees proposed by hedge fund Ironsides Partners by over 41.5 million votes.

Messrs. Dawson, Gallagher and Jacobson were nominated by PCI’s Board of Trustees.

Robert Knapp and Richard Cohen, who were nominated by Ironsides Partners, were not elected.

IVS Associates, Inc., the independent inspector of elections at PCI’s annual shareholder meeting, has certified the results.

The PCI Trustees and PIMCO appreciate the overwhelming support from shareholders and remain committed to pursuing strategies that benefit all shareholders in the long-term.

PCI is a closed-end fund that seeks current income as a primary objective and capital appreciation as a secondary objective by utilizing a dynamic asset allocation strategy among multiple fixed-income sectors in the global credit markets.

About PIMCO 

PIMCO is a leading global investment management firm, with offices in 12 countries throughout North America, Europe and Asia. Founded in 1971, PIMCO offers a wide range of innovative solutions to help millions of investors worldwide meet their needs. Our goal is to provide attractive returns while maintaining a strong culture of risk management and long-term discipline. PIMCO is the investment manager of PIMCO Dynamic Credit Income Fund and is owned by Allianz S.E., a leading global diversified financial services provider.

Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO’s sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statement.

A closed-end fund is not continuously offered. After the initial public offering, shares are sold on the open market through a stock exchange. Additional information regarding the fund can be found in the fund’s most recent shareholder report. This material is presented only to provide information and is not intended for trading purposes. An investment in the fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate. Voted shares include all shares voted “for” or “withhold” for any candidate present in person or by proxy at the Fund’s April 30, 2015 shareholder meeting for quorum purposes. The percentage of voted shares “in favor” or “For” applicable nominees represents the shares voted “for” a nominee, divided by the total number of voted shares.

This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO and YOUR GLOBAL INVESTMENT AUTHORITY are trademarks or registered trademarks of Allianz Asset Management of America L.P. and Pacific Investment Management Company LLC, respectively, in the United States and throughout the world. ©2015, PIMCO