NFJ Dividend, Interest & Premium Strategy Fund Announces Portfolio Manager Change

NEW YORK--(BUSINESS WIRE)-- NFJ Dividend, Interest & Premium Strategy Fund (the “Fund”) (NYSE: NFJ), announced today that Mr. Baxter Hines will replace Mr. Jeff Partenheimer as a portfolio manager on the Fund’s Equity Component, effective immediately. Mr. Ben Fischer will continue to be the lead portfolio manager of the Equity Component.

Mr. Baxter Hines is a Vice President and Portfolio Manager at NFJ Investment Group LLC, one of the Fund’s three sub-advisers. He has over 5 years experience in equity research and investment consulting. Prior to joining NFJ Investment Group LLC in 2008, Mr. Hines attended the University of Texas where he received an MBA from the McCombs School of Business. Before attending business school, Mr. Hines worked as a market data specialist for Reuters. He received a BA in Economics from the University of Virginia in 2001.

Allianz Global Investors Fund Management LLC (“AGIFM”), 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. NFJ Investment Group LLC, Nicholas-Applegate Capital Management LLC, and Oppenheimer Capital LLC, are affiliates of AGIFM, and serve as the Fund’s sub-advisers.

The Fund’s 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 http://www.allianzinvestors.com or by calling the Fund’s shareholder servicing agent at (800) 254-5197.

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 further declines in the securities markets and 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 their operating strategy and/or acquisition strategy, and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations. The Fund’s ability to pay dividends to common shareholders is subject to the restrictions in its registration statement and other governing documents as well as the Investment Company Act of 1940.

For information on NFJ Closed–End Fund:
Financial Advisors: 800-628-1237
Shareholders: 800-285-4086
Media Relations: 212-739-3501

Source: NFJ Dividend, Interest & Premium Strategy Fund