NEW YORK, Oct. 27, 2005 (PRIMEZONE) -- Nicholas-Applegate International & Premium Strategy Fund (the "Fund") (NYSE:NAI), a closed-end management investment company which seeks total return comprised of current income, current gains and long-term capital appreciation, today announced its results for the fiscal quarter and period ended August 31, 2005. The Fund also announced that it is anticipated that the Fund's next quarterly dividend will be declared on November 14, 2005 and be payable on November 30, 2005.
At August 31, 2005
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Net Assets $239,582,373
Shares Outstanding 9,604,189
Net Asset Value ("NAV") $24.95
Market Price $23.74
Discount to NAV (4.85)%
Quarter ended
August 31, 2005
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Net Investment Income $332,811
Per Share $0.03
Net Realized and Change
in Unrealized Gain $18,337,203
Per Share $1.91
For the period
April 29, 2005 (a)
through
August 31, 2005
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Net Investment Income $1,413,316
Per Share $0.15
Net Realized and Unrealized Gain $14,511,297
Per Share $1.51
(a) Commencement of operations
Allianz Global Investors Fund Management LLC, 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 (NYSE:AZ). Nicholas-Applegate Capital Management LLC and PEA Capital LLC (the "Sub-Advisers") manage the Fund's equity components outside the United States and the call options on equity indexes, respectively.
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 transfer agent at (800) 331-1710.
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 what is 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. In making any investment decision, individuals should utilize other information sources and the advice of their own professional adviser.