AllianzGI International & Premium Strategy Fund (the “Fund”) (NYSE:NAI) announced today that pursuant to the Plan of Liquidation and Termination adopted by its Board of Trustees, the Fund will pay a liquidating distribution of $11.03068 per common share, representing substantially all of the Fund’s net assets at the time of liquidation. October 25 is the liquidation date, and it is anticipated that the liquidating distribution will be distributed shortly thereafter. The liquidating distribution will be paid to shareholders of record on October 16, 2013. The liquidating distribution will be made entirely in cash. As announced in a press release dated September 18, 2013, the Fund closed its books and records after the close of trading on October 16, 2013, and shares of the Fund ceased trading on the New York Stock Exchange as of that date. All outstanding share certificates are deemed null and void with the completed liquidation of the Fund. Allianz Global Investors Fund Management LLC (“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. Information about the Fund is available at us.allianzgi.com or by calling the Fund’s shareholder servicing agent at (800) 254-5197. In addition, beginning on or about October 29, 2013, the Fund’s semi-annual report to shareholders for the fiscal period ended August 31, 2013 will be available without charge by calling toll free (800) 254-5197 or by writing to Allianz Global Investors Fund Management LLC, 1633 Broadway, New York, New York 10019. In early November, the Fund’s semi-annual report will also be filed with the Securities and Exchange Commission (the “SEC”) and will be available without charge on the SEC’s website, www.sec.gov. 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.