Allianz Global Investors Fund Management (AGIFM) has said that the Board of Trustees of AllianzGI International & Premium Strategy Fund, 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.
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Following the termination, the fund will begin the orderly liquidation of its assets, determine and pay, or set aside in cash or cash equivalents and make one or more liquidating distributions to the fund’s common shareholders.
The company said that the share transfer books of the fund will be closed as of 16 October, and the trading of the fund’s shares on the NYSE will also be suspended.
The fund’s liquidating distributions will be paid in cash and it is anticipated that the liquidation will be completed on or about 28 October, 2013.
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