AllianzGI Diversified Income & Convertible Fund AllianzGI Equity & Convertible Income Fund
September 23 2015 - 4:00PM
Business Wire
Revisions to the Funds’ Non-Fundamental
Investment Policies Regarding Writing Call Options
The Boards of Trustees of AllianzGI Diversified Income &
Convertible Fund (NYSE:ACV) and AllianzGI Equity & Convertible
Income Fund (NYSE:NIE) (each a “Fund” and collectively, the
“Funds”) announced that, effective September 21, 2015, each Fund
has modified its non-fundamental policy to normally write call
options “with respect to approximately 70% of the value” of each
position in the equity portion of the respective Fund’s portfolio,
and adopted a revised non-fundamental policy to normally write call
options “with respect to up to approximately 70% of the value” of
each equity position in the equity portion of the respective Fund’s
portfolio.
The Funds are closed-end management investment companies. The
Funds’ investment objective is to provide total return through a
combination of capital appreciation and current income. There can
be no assurance that the Funds will achieve their stated
objectives.
Allianz Global Investors Fund Management LLC (“AGIFM”), an
indirect, wholly-owned subsidiary of Allianz Asset Management of
America, L.P., serves as the Funds’ investment manager and is a
member of Munich-based Allianz Group. Allianz Global Investors U.S.
LLC, an AGIFM affiliate, serves as the Funds’ sub-adviser.
The Funds’ daily New York Stock Exchange closing market prices,
net asset values per share, as well as other information, including
updated portfolio statistics and performance are available at
us.allianzgi.com/closedendfunds or by
calling the Funds’ 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 Funds’ 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 Funds’ ability to pay dividends to common
shareholders is subject to the restrictions in their registration
statements, by-laws and other governing documents, as well as the
Investment Company Act of 1940.
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version on businesswire.com: http://www.businesswire.com/news/home/20150923006083/en/
For Information on Allianz Closed-End
Funds:Financial Advisors: 800-926-4456Shareholders:
800-254-5197Media Relations: 212-739-3501
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