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OFFON

ALLIANZGI EQUITY & CONVERTIBLE INCOME FUND

(NIE)
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AllianzGI Equity & Convertible Income Fund : Reports Results for the Fiscal Quarter and Nine Months Ended October 31, 2020

12/30/2020 | 04:07pm EST

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 nine months ended October 31, 2020.

 
At October 31,

2020

2019

Net Assets

$757,033,310

$653,854,464

Shares Outstanding

27,708,965

27,708,965

Net Asset Value ("NAV")

$27.32

$23.60

Market Price

$24.12

$21.83

Discount to NAV

(11.71)%

(7.50)%

 
 
Quarter ended October 31,

2020

2019

Net Investment Income

$44,437

$1,106,434

Per Share (a) $0.00*

$0.04

Net Realized and Change in Unrealized Gain

$28,351,683

$3,909,931

Per Share

$1.02

$0.14

 
 
Nine Months ended October 31,

2020

2019

Net Investment Income

$1,544,433

$3,794,017

Per Share (a)

$0.05

$0.14

Net Realized and Change in Unrealized Gain

$97,427,501

$57,334,070

Per Share

$3.52

$2.07

 
 
* Actual amount rounds to less than $0.01.
 
(a) Calculated on average shares outstanding during the period.

Allianz Global Investors U.S. LLC, an indirect, wholly-owned subsidiary of PFP Holdings, Inc., 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.


ę Business Wire 2020
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Managers and Directors
George Robert Aylward President, Chief Executive Officer & Trustee
William Patrick Bradley Chief Financial Officer, Treasurer & Executive VP
Alan Herman Rappaport Chairman-Trustees Board
Nancy J. Engberg Chief Compliance Officer & Senior Vice President
Deborah A. DeCotis Independent Trustee