NEW YORK, May 2, 2006 (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 February 28, 2006.
At February 28, 2006
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Net Assets $262,668,060
Shares Outstanding 9,604,189
Net Asset Value ("NAV") $27.35
Market Price $24.64
Discount to NAV (9.91)%
Quarter ended February 28, 2006
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Net Investment Loss $(365,260)
Per Share $(0.04)
Net Realized and Unrealized Gain $26,362,991
Per Share $2.75
For the period
April 29, 2005(a)
through February 28, 2006
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Net Investment Income $1,582,101
Per Share $0.16
Net Realized and Unrealized Gain $46,174,637
Per Share $4.81
(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 international equity portfolio component and the index option strategy, 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 shareholder servicing 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.