AllianzGI Equity & Convertible Income Fund Reports Results for the Fiscal Quarter and Six Months Ended July 31, 2017
29 Settembre 2017 - 10:00PM
Business Wire
AllianzGI Equity & Convertible Income Fund (the "Fund")
(NYSE:NIE), a diversified closed-end management investment company
which seeks total return comprised of capital appreciation, current
income and gains, today announced its results for the fiscal
quarter and six months ended July 31, 2017.
At July 31, 2017
2016 Net Assets $614,128,601 $595,523,959 Shares
Outstanding 27,708,965 27,708,965 Net Asset Value ("NAV") $22.16
$21.49 Market Price $20.08 $19.28 Discount to NAV (9.39)% (10.28)%
Quarter ended July 31, 2017
2016 Net Investment Income $4,358,292 (a) $2,658,104
Per Share $0.16 (a) $0.09 Net Realized and Change in Unrealized
Gain $12,620,660 (a) $28,184,296 Per Share $0.45 (a) $1.02
Six Months ended July 31, 2017
2016 Net Investment Income $7,376,303 (a) $5,643,149
Per Share $0.27 (a) $0.20 Net Realized and Change in Unrealized
Gain $30,900,184 (a) $59,562,080 Per Share $1.11 (a) $2.15
(a)
Net Investment Income for the fiscal
quarter and six months ended July 31, 2017 includes market premium
amortization on corporate bonds of $29,541 (less than $0.01 per
share) and $58,169 (less than $0.01 per share), respectively. For
tax purposes, the Fund has elected not to amortize market premium
on corporate bonds.
Allianz Global Investors U.S. LLC, 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,
NAV, as well as other information, is available at
us.allianzgi.com/closedendfunds or by calling the Fund's
shareholder servicing agent at (800) 254-5197.
The financial information contained herein is solely based upon
the data available at the time of publication of this press
release, and there is no assurance that any future results will be
the same or similar to the results reported herein. Information
that was obtained from third party sources we believe to be
reliable is not guaranteed as to its accuracy or completeness. This
press release contains no recommendations to buy or sell any
specific securities and should not be considered investment advice
of any kind. Past performance is no guarantee of future results and
the investment returns generated by the Fund will fluctuate. There
can be no assurance the Fund will meet its stated objective. In
making any investment decision, individuals should utilize other
information sources and the advice of their own professional
adviser.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170929005450/en/
For Information on Allianz Closed-End Funds:Financial
Advisors: (800) 926-4456Shareholders: (800) 254-5197Media
Relations: (212) 739-3505
Grafico Azioni Virtus Equity and Conver... (NYSE:NIE)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Virtus Equity and Conver... (NYSE:NIE)
Storico
Da Lug 2023 a Lug 2024