Allianz Global Investors Fund Management Announces Planned Liquidation of AllianzGI International & Premium Strategy Fund
18 Settembre 2013 - 10:00PM
Business Wire
Allianz Global Investors Fund Management LLC (“AGIFM”) announced
that, at a meeting held today, the Board of Trustees of AllianzGI
International & Premium Strategy Fund (the “Fund”) (NYSE:NAI),
a closed-end management investment company, approved a Plan of
Liquidation and Termination for the Fund. The Plan of Liquidation
and Termination is expected to take effect on or about October 16,
2013.
Subsequent to the effectiveness of the Fund’s Plan of
Liquidation and Termination, the Fund will begin the orderly
liquidation of its assets, determine and pay, or set aside in cash
or cash equivalents, an amount at least equal to all known or
reasonably ascertainable liabilities and obligations of the Fund,
and make one or more liquidating distributions to the Fund’s common
shareholders. The Fund has fixed the close of business on October
16, 2013 as the record date for determining the common shareholders
of the Fund entitled to receive liquidating distributions. As of
that time, the share transfer books of the Fund will be closed, and
the trading of the Fund’s shares on the New York Stock Exchange is
expected to be suspended. The Fund’s liquidating distributions will
be paid in cash. Additional details with respect to the Fund’s
liquidation will be provided as they become available. It is
currently anticipated that the liquidation will be completed on or
about October 28, 2013.
AGIFM, an indirect, wholly-owned subsidiary of Allianz Asset
Management of America L.P., serves as the Fund’s investment manager
and is a member of Munich-based Allianz Group. Allianz Global
Investors U.S. LLC, an AGIFM affiliate, serves as the Fund’s
sub-adviser.
The Fund’s daily New York Stock Exchange closing market price,
net asset value 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.
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 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 Fund’s ability to pay dividends to common
shareholders is subject to the restrictions in its registration
statement, by-laws and other governing documents, as well as the
Investment Company Act of 1940.
For information on Allianz Closed-End Funds:Financial
Advisors: 800-926-4456Shareholders:
800-254-5197Media Relations: 212-739-3501
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