NFJ DIV I : NFJ Dividend, Interest & Premium Strategy Fund Reports Results for the Fiscal Quarter and Nine Months Ended October 31, 2010
January 08, 2011 at 02:35 am IST
By
Share
NFJ Dividend, Interest & Premium Strategy Fund (the "Fund") (NYSE: NFJ),
a diversified closed-end management investment company which seeks
current income and gains, with a secondary objective of long-term
capital appreciation, today announced its results for the fiscal quarter
and nine months ended October 31, 2010.
At October 31,
2010
2009
Net Assets
$
1,767,729,649
$
1,557,220,826
Shares Outstanding
94,524,325
94,524,325
Net Asset Value ("NAV")
$
18.70
$
16.47
Market Price
$
15.94
$
13.19
Discount to NAV
(14.76
)%
(19.91
)%
Quarter ended October 31,
2010
2009
Net Investment Income
$
12,998,783
$
12,999,196
Per Share
$
0.13
$
0.13
Net Realized and Change in Unrealized Gain
$
108,826,118
$
76,452,876
Per Share
$
1.16
$
0.81
Nine Months ended October 31,
2010
2009
Net Investment Income
$
47,548,020
$
43,807,778
Per Share
$
0.50
$
0.46
Net Realized and Change in Unrealized Gain
$
126,989,974
$
221,213,628
Per Share
$
1.35
$
2.34
Allianz Global Investors Fund Management LLC ("AGIFM"), an indirect,
wholly-owned subsidiary of Allianz Global Investors of America L.P.,
serves as the Fund's investment manager and is a member of Munich-based
Allianz Group. NFJ Investment Group LLC ("NFJ") manages the Fund's
equity component and Allianz Global Investors Capital LLC ("AGIC")
manages the Fund's convertible and index option strategy
components. Both NFJ and AGIC are affiliates of AGIFM.
The Fund's daily New York Stock Exchange closing price, net asset value
per share, as well as other information, is available at http://www.allianzinvestors.com/closedendfunds
or by calling the Fund's shareholder servicing agent at (800) 254-5197.
The financial information contained herein is solely based upon the data
available at the time of publication of this press release, and there is
no assurance that any future results will be the same or similar to the
results reported herein. Information that was obtained from third party
sources we believe to be reliable is not guaranteed as to its accuracy
or completeness. This press release contains no recommendations to buy
or sell any specific securities and should not be considered investment
advice of any kind. Past performance is no guarantee of future results
and the investment returns generated by the Fund will fluctuate. There
can be no assurance that the Fund will meet its stated objective. In
making an investment decision, individuals should utilize other
information sources and the advice of their own professional adviser.
For Information on this NFJ Closed-End Fund: Financial
Advisors: 800-628-1237 Shareholders: 800-285-4086 Media
Relations: 212-739-3501
Virtus Dividend, Interest & Premium Strategy Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to seek current income and gains, with a secondary objective of long-term capital appreciation. The Fund seeks to achieve its investment objective by investing across the capital structure in companies across a range of industries and technologies. The Fund normally invests at least 80% of its net assets in a combination of securities issued by artificial intelligence companies and in other companies that stand to benefit from artificial intelligence and other technology opportunities. The Fund's 15% of net assets are invested in artificial intelligence companies. The Fund normally invests at least 30% of its managed assets in convertible securities. The Fund does not normally invest more than 20% of its managed assets in high-yield securities. The Fund's investment advisor is Virtus Investment Advisers, Inc.