NEW YORK--(BUSINESS WIRE)--

The Board of Trustees of AllianzGI NFJ Dividend, Interest & Premium Strategy Fund (the “Fund”) (NYSE: NFJ) announced today that it has declared a quarterly distribution on the Fund’s common shares.

The Board of Trustees of the Fund has declared a distribution of $0.225 per common share that will be payable on January 5, 2018 to shareholders of record on December 26, 2017 with an ex-dividend date of December 22, 2017. The Fund’s quarterly distribution was decreased by $0.075 per share or approximately 25% from its quarterly distributions in recent periods.

The distribution reduction was made in large part to better align the Fund’s distribution rate with its current and projected level of earnings. The decision took into account many factors, including, but not limited to, the overall market environment, the Fund’s current and projected level of earnings, and the portion of the Fund’s distributions represented by returns of capital historically.

The actual composition and character of the distribution and future distributions of the Fund may be materially different from the composition or character of such distributions that existed at the time of this press release and may be comprised of net investment income, capital gains and/or return of capital. Such factors include the varied nature of the Fund's investments and the performance of those investments, and that the ultimate characterization of the Fund's distributions cannot finally be determined until the end of the Fund's fiscal year, resulting in the possibility of a return of capital if the Fund makes total distributions in an amount that exceeds its net investment income and net realized capital gains during its fiscal year. Additional information as applicable regarding the composition of the distributions will be made available at https://us.allianzgi.com/en-us/products-solutions/closed-end-funds/4151 after the payable date. As a result of the foregoing and other factors, no assurance can be given as to the actual composition or character of the Fund's distributions at the time of this press release and neither the Fund, Allianz Global Investors U.S. LLC (“AllianzGI U.S.”), nor any of their trustees, members, officers or employees assumes responsibility for such statements.

This notice should not be used to prepare tax returns. In January 2018, Form 1099 DIV (or substitute Form 1099 DIV) will be sent to shareholders and will state the aggregate amount and tax characterizations of distributions for the 2017 calendar year.

It is anticipated that the Fund’s next quarterly distribution will be declared on or about March 2, 2018 and be payable on or about March 23, 2018.

About Allianz Global Investors

Allianz Global Investors is a diversified active investment manager with a strong parent company and a culture of risk management. With 25 offices worldwide, we provide global investment and research capabilities with consultative local delivery. We have more than $583 billion in AUM for individuals, families and institutions worldwide and employ over 650 investment professionals.

At Allianz Global Investors, we follow a two-word philosophy: Understand. Act. It describes how we look at the world and how we behave. We aim to stand out as the investment partner our clients trust by listening closely to understand their challenges, then acting decisively to provide them with solutions that meet their needs.

Data as of September 30, 2017

Disclosures

AllianzGI U.S., an indirect, wholly-owned subsidiary of Allianz Asset Management of America L.P. 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 prices and net asset values per share as well as other information, including portfolio statistics and performance is available at https://us.allianzgi.com/en-us/products-solutions/closed-end-funds 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 a decline in the securities markets or a decline in a 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 effects related to legal proceedings or investigations of governmental and self-regulatory organizations.

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