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AllianzGI Dividend, Interest & Premium Strategy Fund Announce Portfolio Manager Changes

Allianz Global Investors U.S. LLC (“AllianzGI U.S.”), investment manager to AllianzGI Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) (the “Fund”), announced today that effective February 1, 2021, Justin Kass, CFA, will become the lead portfolio manager of the Fund and will assume overall responsibility for coordination of the Fund’s portfolio – between equities, options and convertible securities – in addition to serving as a day-to-day portfolio manager of the Fund’s convertible securities sleeve. Jeffrey Parker, CFA, who has served as the lead portfolio manager of the Fund will no longer be a listed portfolio manager of the Fund. In addition, Kris Marca, CFA, will become a portfolio manager of the Fund with responsibility for its equity and option securities sleeves.

Mr. Kass is a portfolio manager and managing director with AllianzGI U.S., which he joined in 2000, and is a listed portfolio manager on a number of AllianzGI U.S. closed-end funds. In his new role as lead manager of the Fund, Mr. Kass has oversight with respect to the allocation of the Fund's assets between equities and convertible securities, and is responsible for implementing the Fund’s asset allocation rebalancing strategy and facilitating ongoing collaboration among the Fund's other portfolio managers across equities, options and convertible securities in furtherance of the Fund's investment objectives.

Kris Marca is a vice president with AllianzGI U.S. and previously served as a long-tenured, senior investment analyst on the Value Equity team. He has been working alongside the investment team since he joined the firm in 2011 and has 17 years of investment-industry experience.

There will be no changes to the Fund’s investment objectives, investment strategies or to the other portfolio managers of the Fund. Doug Forsyth, CFA, John Mowrey, CFA, R. Burns McKinney, CFA, and Thomas Oliver will remain as portfolio managers.

Allianz Global Investors U.S. LLC, an indirect, wholly-owned subsidiary of PFP Holdings, Inc., serves as the Funds’ 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 updated portfolio statistics and performance are available at us.allianzgi.com/closedendfunds or by calling the Fund’s shareholder servicing agent at (800)-254-5197.

About Allianz Global Investors

Allianz Global Investors is a leading active asset manager with 754 investment professionals in 25 offices worldwide and managing USD 641 billion in assets for individuals, families and institutions.

Active is the most important word in our vocabulary. Active is how we create and share value with clients. We believe in solving, not selling, and in adding value beyond pure economic gain. We invest for the long term, employing our innovative investment expertise and global resources. Our goal is to ensure a superior experience for our clients, wherever they are based and whatever their investment needs.

Active is: Allianz Global Investors

Data as of September 30, 2020

Disclaimer

This material may include statements that constitute "forward-looking statements" under the U.S. securities laws. Forward-looking statements include, among other things, projections, estimates and information about possible or future results related to the Fund, market or regulatory developments. The views expressed herein are for informational purposes only and are not guarantees of future performance or economic results and involve certain risks, uncertainties and assumptions that could cause actual outcomes and results to differ materially from the views expressed herein. 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. The views expressed herein are subject to change at any time based upon economic, market, or other conditions and the Fund undertakes no obligation to update the views expressed herein. While we have gathered this information from sources believed to be reliable, the Fund cannot guarantee the accuracy of the information provided. The views expressed herein do not constitute recommendations to buy, sell or hold any security. The views expressed herein (including any forward-looking statement) may not be relied upon as investment advice or as an indication of the Fund's trading intent. Information included herein is not an indication of the Fund's future portfolio composition or the extent to which the Fund may utilize leverage.

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