NEW YORK, Jan. 3, 2007 (PRIME NEWSWIRE) -- NFJ Dividend, Interest & Premium Strategy Fund (the "Fund") (NYSE:NFJ), a 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, 2006.
At October 31, 2006 At October 31, 2005
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Net Assets $ 2,347,323,909 $ 2,193,888,253
Shares Outstanding 94,524,325 94,524,325
Net Asset Value ("NAV") $ 24.83 $ 23.21
Market Price $ 24.47 $ 21.84
Discount to NAV (1.45)% (5.90)%
Quarter ended Quarter ended
October 31, 2006 October 31, 2005
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Net Investment Income $ 17,755,218 $ 17,234,594
Per Share $ 0.19 $ 0.18
Net Realized and Change in
Unrealized Gain (Loss) $ 96,802,565 $ (24,170,124)
Per Share $ 1.02 $ (0.25)
Nine Months ended
October 31, 2006 (a)
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Net Investment Income $ 54,486,195
Per Share $ 0.58
Net Realized and Change in
Unrealized Gain (Loss) $ 156,035,541
Per Share $ 1.65
(a) The Fund commenced operations on February 28, 2005 therefore, prior period comparative information is not available.
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). NFJ Investment Group L.P., Nicholas-Applegate Capital Management LLC and PEA Capital LLC ( the "Sub-Advisers") manage the Fund's equity component, convertible component and index option strategy, respectively. The Sub-Advisers are all affiliates of Allianz Global Investors Fund Management.
The Fund's daily New York Stock Exchange closing price, net asset value per share, as well as other information, is available at 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 an investment decision, individuals should utilize other information sources and the advice of their own professional advisor.