AllianzGI NFJ Dividend, Interest & Premium Strategy Fund Declares Quarterly Distribution
December 15 2017 - 4:05PM
Business Wire
The Board of Trustees of AllianzGI NFJ Dividend, Interest &
Premium Strategy Fund (the “Fund”) (NYSE: NFJ) announced today that
it has declared a quarterly distribution on the Fund’s common
shares.
The Board of Trustees of the Fund has declared a distribution of
$0.225 per common share that will be payable on January 5, 2018 to
shareholders of record on December 26, 2017 with an ex-dividend
date of December 22, 2017. The Fund’s quarterly distribution was
decreased by $0.075 per share or approximately 25% from its
quarterly distributions in recent periods.
The distribution reduction was made in large part to better
align the Fund’s distribution rate with its current and projected
level of earnings. The decision took into account many factors,
including, but not limited to, the overall market environment, the
Fund’s current and projected level of earnings, and the portion of
the Fund’s distributions represented by returns of capital
historically.
The actual composition and character of the distribution and
future distributions of the Fund may be materially different from
the composition or character of such distributions that existed at
the time of this press release and may be comprised of net
investment income, capital gains and/or return of capital. Such
factors include the varied nature of the Fund's investments and the
performance of those investments, and that the ultimate
characterization of the Fund's distributions cannot finally be
determined until the end of the Fund's fiscal year, resulting in
the possibility of a return of capital if the Fund makes total
distributions in an amount that exceeds its net investment income
and net realized capital gains during its fiscal year. Additional
information as applicable regarding the composition of the
distributions will be made available at
https://us.allianzgi.com/en-us/products-solutions/closed-end-funds/4151
after the payable date. As a result of the foregoing and other
factors, no assurance can be given as to the actual composition or
character of the Fund's distributions at the time of this press
release and neither the Fund, Allianz Global Investors U.S. LLC
(“AllianzGI U.S.”), nor any of their trustees, members, officers or
employees assumes responsibility for such statements.
This notice should not be used to prepare tax returns. In
January 2018, Form 1099 DIV (or substitute Form 1099 DIV) will be
sent to shareholders and will state the aggregate amount and tax
characterizations of distributions for the 2017 calendar year.
It is anticipated that the Fund’s next quarterly distribution
will be declared on or about March 2, 2018 and be payable on or
about March 23, 2018.
About Allianz Global Investors
Allianz Global Investors is a diversified active investment
manager with a strong parent company and a culture of risk
management. With 25 offices worldwide, we provide global investment
and research capabilities with consultative local delivery. We have
more than $583 billion in AUM for individuals, families and
institutions worldwide and employ over 650 investment
professionals.
At Allianz Global Investors, we follow a two-word philosophy:
Understand. Act. It describes how we look at the world and
how we behave. We aim to stand out as the investment partner our
clients trust by listening closely to understand their challenges,
then acting decisively to provide them with solutions that meet
their needs.
Data as of September 30, 2017
Disclosures
AllianzGI U.S., an indirect, wholly-owned subsidiary of Allianz
Asset Management of America L.P. serves as the Fund's investment
manager and is a member of Munich-based Allianz Group.
The Fund’s daily New York Stock Exchange closing market prices
and net asset values per share as well as other information,
including portfolio statistics and performance is available at
https://us.allianzgi.com/en-us/products-solutions/closed-end-funds
or by calling the Fund’s shareholder servicing agent at
800-254-5197.
Statements made in this release that look forward in time
involve risks and uncertainties and are forward looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such risks and uncertainties include, without limitation,
the adverse effect from a decline in the securities markets or a
decline in a Fund’s performance, a general downturn in the economy,
competition from other companies, changes in government policy or
regulation, inability to attract or retain key employees, inability
to implement its operating strategy and/or acquisition strategy,
and unforeseen costs and effects related to legal proceedings or
investigations of governmental and self-regulatory
organizations.
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version on businesswire.com: http://www.businesswire.com/news/home/20171215005613/en/
For AllianzGI NFJ Dividend, Interest & Premium Strategy
FundFinancial Advisors: 800-926-4456Shareholders:
800-254-5197Media Relations:Kelly Smith,
212-739-3505Kelly.Smith@allianzgi.com
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