N@N

NFJ, NAI, NIE and NGZ Declare Quarterly Distributions

^{Published on 2010-06-11 13:05:15 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--The Board of Trustees of NFJ Dividend, Interest, & Premium Strategy Fund (NYSE:NFJ), Nicholas-Applegate International & Premium Strategy Fund (NYSE:NAI), Nicholas-Applegate Equity & Convertible Fund (NYSE: NIE) and Nicholas-Applegate Global Equity & Convertible Income Fund (NYSE: NGZ) (collectively, the aFundsa) announced today they have declared the following quarterly distributions.

The dividends will be payable on June 29, 2010 to shareholders of record on June 21, 2010, with an ex-dividend date of June 17, 2010.

The estimated sources of the Fundsa™ current distributions are as follows:

The actual composition and character of the distributions described above and future distributions of the Funds may be materially different from the composition or character of such distributions that existed at the time of this press release. Such factors include the varied nature of each Funda™s investments and the performance of those investments, and that the ultimate characterization of each Funda™s distributions cannot finally be determined until the end of each Funda™s fiscal year, resulting in the possibility of a return of capital if any Fund makes total distributions in an amount that exceeds its net investment income and net realized capital gains during its fiscal year. As a result of the foregoing and other factors, no assurance can be given as to the actual composition or character of each Funda™s distributions at the time of this press release and neither the Funds, Allianz Global Investors Fund Management LLC (aAGIFMa), NFJ Investment Group LLC, Nicholas-Applegate Capital Management LLC, Oppenheimer Capital LLC 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 2011, Form 1099 DIV (or substitute Form 1099DIV) will be sent to shareholders that will state the aggregate amount and tax characterizations of distributions for the 2010 calendar year.

It is anticipated that the Fundsa™ next quarterly dividend will be declared on or about September 10, 2010 and be payable on or about September 29, 2010.

AGIFM, an indirect, wholly-owned subsidiary of Allianz Global Investors of America L.P., serves as the Fundsa™ investment manager and is a member of Munich-based Allianz Group. NFJ Investment Group L.P. (manager of NFJa™s equity component), Nicholas-Applegate Capital Management LLC (manager of NFJa™s convertible component as well as NAI, NIE and NGZ) and Oppenheimer Capital LLC (manager of NFJa™s index option strategy), each an AGIFM affiliate, serve as the Fundsa™ sub-advisers. Allianz is a leading global financial services company.

The Fundsa™ daily New York Stock Exchange closing prices and net asset values per share as well as other information, including portfolio statistics and performance is available at [ www.allianzinvestors.com/closedendfunds ] or by calling the Funda™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 the Fundsa™ 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. There can be no assurance that the Funds will meet its stated objective.