AllianzGI Convertible & Income Fund Declares Quarterly Distribution - 5.625% Series A Cumulative Preferred Shares
June 03 2019 - 4:05PM
Business Wire
The Board of Trustees of AllianzGI Convertible & Income Fund
(NYSE:NCV) announced today they have declared a $0.3515625 per
share cash distribution payable on July 1, 2019 to Series A
cumulative preferred shareholders of record on June 13, 2019.
The Series A Cumulative Preferred Shares, which trade on the New
York Stock Exchange under the symbol NCV PR A are rated “AAA’ by
Fitch Ratings and have an annual dividend rate of $1.40625 per
share. The 4,000,000 Series A Cumulative Preferred Shares were
issued September 20, 2018 at $25.00 per share and will pay
distributions quarterly. This distribution represents the accrual
period from April 1, 2019 through June 30, 2019. The Series A
Cumulative Preferred Shares will be callable at any time at the
liquidation value of $25.00 per share plus accrued dividends from
and after the expiration of a five-year non-call period on
September 20, 2023.
The actual composition and character of the distributions stated
above and future distributions of the Fund may be materially
different from the composition or character of such distributions
that existed at the time of this press release and may be comprised
of net investment income, capital gains and/or return of capital.
Such factors affecting the foregoing include the varied nature of
the Fund’s investments and the performance of those investments,
and that the ultimate characterization of the Fund’s distribution
cannot finally be determined until the end of the Fund’s fiscal
year, resulting in the possibility of a return of capital if the
Fund makes total distributions in an amount that exceeds its net
investment income and net realized capital gains during its fiscal
year. Additional information as applicable regarding the
composition of the distributions will be made available at
us.allianzgi.com/closedendfunds after the payable date. As a result
of the foregoing and other factors, no assurance can be given as to
the actual composition or character of the Fund’s distribution at
the time of this press release and neither the Fund, Allianz Global
Investors U.S. LLC (“AllianzGI U.S.”), nor any of its trustees,
members, officers or employees assumes responsibility for such
statements.
This notice should not be used to prepare tax returns. In
January 2020, Form 1099-DIV (or substitute Form 1099-DIV) will be
sent to shareholders and will state the aggregate amount and tax
characteristics of distributions for the 2019 calendar year.
AllianzGI U.S., 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.
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 is 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 distributions 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: https://www.businesswire.com/news/home/20190603005740/en/
For Information on Allianz Closed-End
Funds:Financial Advisors: (800) 926-4456Shareholders: (800)
254-5197Media Relations: (212) 739-3172
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