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

Rhea-AI Summary

AllianzGI Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) reported net assets of $1.29 billion as of October 31, 2020, down from $1.32 billion in 2019. The Fund's market price was $11.53, reflecting a discount to NAV of 15.41%, compared to 10.86% the previous year. Net investment income for the quarter was $2.3 million, or $0.03 per share, significantly lower than $5.28 million or $0.06 per share in 2019. Over nine months, net investment income decreased to $10.19 million from $17.66 million in 2019, while realized and unrealized gains reflected a loss of $13.71 million.

Positive

• None.

Negative

• Net investment income decreased to $2.31 million in Q3 2020 from $5.28 million in Q3 2019.
• Net investment income for nine months fell to $10.19 million from $17.66 million year-over-year.
• Net assets decreased from $1.32 billion in 2019 to $1.29 billion in 2020.
• The Fund's market price of $11.53 reflects a 15.41% discount to NAV, worsening from 10.86% in the prior year.
• Net realized and change in unrealized gains recorded a loss of $13.71 million, down from a gain of $82.90 million the previous year.

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 nine months ended October 31, 2020.

				At October 31,
				2020			2019
Net Assets				$1,292,305,162			$1,318,286,643
Shares Outstanding				94,801,581			94,801,581
Net Asset Value ("NAV")				$13.63			$13.91
Market Price				$11.53			$12.40
Discount to NAV				(15.41)%			(10.86)%
				Quarter ended October 31,
				2020			2019
Net Investment Income				$2,307,652			$5,277,797
Per Share (a)				$0.03			$0.06
Net Realized and Change in Unrealized Gain				$18,426,146			$7,161,105
Per Share				$0.19			$0.08
				Nine Months ended October 31,
				2020			2019
Net Investment Income				$10,187,806			$17,664,012
Per Share (a)				$0.11			$0.19
Net Realized and Change in Unrealized Gain (Loss)				$(13,706,950)			$82,901,960
Per Share				$(0.14)			$0.88

(a) Calculated on average shares outstanding during the period.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201230005325/en/

FAQ

What were the net assets of NFJ as of October 31, 2020?

The net assets of AllianzGI Dividend, Interest & Premium Strategy Fund (NFJ) were $1.29 billion as of October 31, 2020.

What is the market price of NFJ as reported in the recent press release?

The market price of NFJ was reported at $11.53, reflecting a significant discount to its net asset value.

How much was the net investment income for NFJ for the quarter ended October 31, 2020?

Net investment income for the quarter ended October 31, 2020, was $2.31 million, or $0.03 per share.

What were the realized gains for NFJ in the recent report?

The net realized and change in unrealized gains for NFJ reflected a loss of $13.71 million for the nine months ended October 31, 2020.

How does the NAV of NFJ compare to last year?

The net asset value (NAV) of NFJ was $13.63 as of October 31, 2020, down from $13.91 in 2019.