NEW YORK, Feb. 8, 2007 (PRIME NEWSWIRE) -- Nicholas-Applegate International & Premium Strategy Fund (the "Fund") (NYSE:NAI), a closed-end management investment company which seeks total return comprised of current income, current gains and long-term capital appreciation, today announced its results for the fiscal quarter and nine months ended November 30, 2006.
At November 30, 2006 At November 30, 2005
Net Assets $287,664,034 $240,254,516
Shares Outstanding 9,604,189 9,604,189
Net Asset Value
("NAV") $29.95 $25.02
Market Price $29.64 $22.74
Discount to NAV (1.04)% (9.11)%
Quarter ended Quarter ended
November 30, 2006 November 30, 2005
Net Investment
Income $385,424 $534,045
Per Share $0.4 $0.05
Net Realized and
Change in
Unrealized Gain $17,806,431 $5,300,349
Per Share $1.85 $0.55
Nine Months
ended
November 30, 2006 (a)
Net Investment
Income $3,209,089
Per Share $0.33
Net Realized and
Change in
Unrealized Gain $37,273,640
Per Share $3.88
(a) The Fund commenced operations on April 29, 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). Nicholas-Applegate Capital Management LLC and Oppenheimer Capital LLC (the "Sub-Advisers") manage the Fund's international equity portfolio and index option strategy, respectively.
The Fund's daily New York Stock Exchange closing price, net asset value per share, as well as other information, is available at http://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 any investment decision, individuals should utilize other information sources and the advice of their own professional adviser.