NEW YORK, Oct. 27, 2005 (PRIMEZONE) -- NFJ Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) (the "Fund"), a closed-end management investment company which seeks current income and gains, with a secondary objective of long-term capital appreciation, today announced a conference call with Ben Fischer and Greg Tournant, will occur on Wednesday, November 2, 2005 at 4:15 PM ET. Mr. Fischer, a Managing Director and Portfolio manager of NFJ Investment Group L.P., is the portfolio manager of the Equity component of the Fund. Mr. Tournant, a portfolio manager of PEA Capital LLC, is the portfolio manager of the Index option strategy of the Fund.
During the conference call, Mr. Fischer and Mr. Tournant intend to provide an investment update, discuss the market environment and outlook for dividend paying stocks and covered-call strategies as well as the performance of the Fund.
The Dial-in number for this call is (888) 515-1794 and the pass code is 4392081. The call will be available for replay for 4 weeks. The replay number is (888) 203-1112 and the pass code is 4392081.
The Fund pursues its investment objectives by investing in a diversified portfolio of dividend paying common stocks ("Equity component") and income-producing convertible securities ("Convertible component"). The Fund will also employ a strategy of writing (selling) call options on equity indexes in an attempt to generate gains from option premiums ("Index option strategy"). There can be no assurance that the Fund will meet its objective.
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, including updated portfolio statistics and performance is available at www.allianzinvestors.com or by calling the Fund's transfer agent at 1-800-331-1710.
Statements made in this release that look forward in time involve risks and uncertainties and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Fund's performance, a general downturn in the economy, competition from other companies, changes in government policy or regulation, inability to attract or retain key employees, inability to implement its operating strategy and/or acquisition strategy, and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations.