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NFJ Dividend, Interest & Premium Strategy Fund Reports Results for the Fiscal Quarter and Period Ended July 31, 2005

Posted on: Wednesday, 28 September 2005, 18:00 CDT

NFJ Dividend, Interest & Premium Strategy Fund Reports Results for the Fiscal Quarter and Period Ended July 31, 2005

NEW YORK, Sept. 28, 2005 (PRIMEZONE) -- 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 period ended July 31, 2005.

At July 31, 2005 ---------------- Net Assets $2,250,449,053 Shares Outstanding 94,524,325 Net Asset Value ("NAV") $23.81 Market Price $23.86 Premium to NAV 0.21

Quarter ended July 31, 2005 --------------------------- Net Investment Income $14,708,618 Per Share $0.16 Net Realized and Change in Unrealized Gain $110,480,666 Per Share $1.18

For the period February 28, 2005(a) through July 31, 2005 --------------------- Net Investment Income $27,213,935 Per Share $0.29 Net Realized and Unrealized Gain $18,379,619 Per Share $0.19

(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). 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 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 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. In making an investment decision, individuals should utilize other information sources and the advice of their own professional advisor.

CONTACT: Christoph Hofmann (203) 352-4993

Copyright © 2005 PrimeZone Media Network, Inc.

Source: PrimeZone Media Network

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