AllianzGI NFJ Dividend, Interest & Premium Strategy Fund Announces Earnings Results for the Fiscal Quarter and Year Ended January 31, 2017
March 31, 2017 at 05:00 pm EDT
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AllianzGI NFJ Dividend, Interest & Premium Strategy Fund announced earnings results for the fiscal quarter and year ended January 31, 2017. For the quarter, the company reported net investment income of $7,576,284 or $0.08 per share compared to $9,315,758 or $0.10 per share a year ago. Net realized and change in unrealized gain was $68,811,544 or $0.73 per share compared to loss of $115,958,153 or $1.22 per share a year ago.
For the year, the company reported net investment income of $32,796,080 or $0.35 per share compared to $36,371,162 or $0.38 per share a year ago. Net realized and change in unrealized gain was $198,347,915 or $1.98 per share compared to loss of $14,342,480 or $2.09 per share a year ago.
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.
VIRTUS DIVIDEND, INTEREST & PREMIUM STRATEGY FUND 
