Allianz Global Investors U.S. LLC, investment manager to AllianzGI Dividend, Interest & Premium Strategy Fund (the “Fund”), announced 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.