Nicholas-Applegate Equity & Convertible Income Fund Declares Quarterly Dividend of 28 Cents Per Share
11 Settembre 2009 - 10:00PM
Business Wire
The Board of Trustees of Nicholas-Applegate Equity &
Convertible Fund (the “Fund”) (NYSE: NIE), a diversified,
closed-end management investment company which seeks total return
comprised of capital appreciation, current income and gains,
announced today that it has declared a quarterly dividend of $0.28
per share.
The dividend will be payable on September 25, 2009 to
shareholders of record on September 21, 2009 with an ex-dividend
date of September 17, 2009.
It is expected that this distribution will be comprised of net
investment income, as well as net gains from option premiums and
the sale of portfolio securities. The Fund will provide a notice
accompanying this distribution with respect to the estimated source
(as between net income and gains) of the distribution and will
indicate the proportion of its capital gain distributions that
constitute short-term and long-term gains annually.
It is anticipated that the Fund’s next quarterly dividend will
be declared on or about December 18, 2009 and be payable on or
about January 4, 2010.
Allianz Global Investors Fund Management LLC, an indirect,
wholly-owned subsidiary of Allianz Global Investors of America
L.P., serves as the Fund’s investment manager and is a member of
Munich-based Allianz Group (NYSE: AZ). Nicholas-Applegate Capital
Management LLC, an Allianz Global Investors Fund Management
affiliate, serves as the Fund’s sub-adviser. Allianz is a leading
global financial services company.
The Fund’s daily New York Stock Exchange closing price and net
asset value per share as well as other information, including
portfolio statistics and performance is available at
www.allianzinvestors.com/closedendfunds or by calling the Fund’s
shareholder servicing agent at 800-254-5197.
The actual composition and character of the distribution
described 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. Such
factors include the varied nature of the Fund’s investments and the
performance of those investments, and that the ultimate
characterization of the Fund’s distributions 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 during a calendar or fiscal year in an amount that
exceeds the Fund’s net investment income and net realized capital
gains for the fiscal year. As a result of the foregoing and other
factors, no assurance can be given as to the actual composition or
character of Fund distributions at the time of this press release
and neither the Fund, Allianz Global Investors Fund Management LLC,
Nicholas-Applegate Capital Management LLC, nor any of their
trustees, members, officers or employees assumes responsibility for
such statements.
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. There can be no assurance that the Fund will meet
its stated objective.
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