AllianzGI Dividend, Interest & Premium Strategy Fund Reports Results for the Fiscal Quarter and Six Months Ended July 31, 2020

Rhea-AI Summary

AllianzGI Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) reported its fiscal results for the quarter and six months ending July 31, 2020. The Fund's net assets decreased to $1.29 billion from $1.33 billion year-over-year. The Net Asset Value (NAV) was $13.64, down from $14.00. The market price also dropped to $12.02 from $12.54, resulting in an increased discount to NAV of (11.88)%. Net investment income fell to $3.49 million from $5.71 million, and net realized losses were $(32.13 million).

Positive

• Net realized gain was $147.93 million in Q2 2020.
• Shares outstanding remained consistent at 94,801,581.

Negative

• Net assets declined from $1.33 billion to $1.29 billion.
• Net investment income decreased from $5.71 million to $3.49 million.
• Market price decreased from $12.54 to $12.02.
• NAV dropped from $14.00 to $13.64.
• Increased discount to NAV from (10.43)% to (11.88)%.
• Net realized and change in unrealized loss totaled $(32.13 million).

NEW YORK--(BUSINESS WIRE)--AllianzGI 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 six months ended July 31, 2020.

						At July 31,
			2020					2019
Net Assets			$1,292,901,720					$1,327,178,097
Shares Outstanding			94,801,581					94,801,581
Net Asset Value ("NAV")			$13.64					$14.00
Market Price			$12.02					$12.54
Discount to NAV			(11.88)%					(10.43)%
						Quarter ended July 31,
			2020					2019
Net Investment Income			$3,486,857					$5,709,124
Per Share			$0.03					$0.06
Net Realized and Change in Unrealized Gain (Loss)			$147,930,363					$(1,503,157)
Per Share			$1.57					($0.02)
						Six Months ended July 31,
			2020					2019
Net Investment Income			$7,880,154					$12,386,215
Per Share			$0.08					$0.13
Net Realized and Change in Unrealized Gain (Loss)			$(32,133,096)					$75,740,855
Per Share			$(0.33)					$0.80

Allianz Global Investors U.S. LLC, an indirect, wholly-owned subsidiary of PFP Holdings, Inc., 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 price, NAV, as well as other information, is available at us.allianzgi.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 the Fund will meet its stated objectives. In making any investment decision, individuals should utilize other information sources and the advice of their own professional adviser.