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.
Virtus Dividend, Interest & Premium Strategy Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to seek current income and gains, with a secondary objective of long-term capital appreciation. The Fund seeks to achieve its investment objective by investing across the capital structure in companies across a range of industries and technologies. The Fund normally invests at least 80% of its net assets in a combination of securities issued by artificial intelligence companies and in other companies that stand to benefit from artificial intelligence and other technology opportunities. The Fund's 15% of net assets are invested in artificial intelligence companies. The Fund normally invests at least 30% of its managed assets in convertible securities. The Fund does not normally invest more than 20% of its managed assets in high-yield securities. The Fund's investment advisor is Virtus Investment Advisers, Inc.