AllianzGI Closed-End Funds Provide Additional Information on Fund Name Changes

NEW YORK–(BUSINESS WIRE)–AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), AllianzGI Convertible & Income 2024 Target Term Fund (NYSE: CBH), AllianzGI Convertible & Income Fund (NYSE: NCV), AllianzGI Convertible & Income Fund II (NYSE: NCZ), AllianzGI Diversified Income & Convertible Fund (NYSE: ACV), AllianzGI Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) and AllianzGI Equity & Convertible Income Fund (NYSE: NIE), (each a “Fund” and, together, the “Funds”), which previously announced changes to each Fund’s name in a press release dated January 22, 2021, today also announce changes to the name and CUSIP of each Fund’s share classes, effective February 1, 2021, as shown below.

Class

Current Name

Current

CUSIP

New Name

New

CUSIP

NYSE

Symbol*

Common

AllianzGI Convertible & Income Fund

018828103

Virtus AllianzGI Convertible & Income Fund

92838X102

NCV

Preferred

AllianzGI Convertible & Income Fund Series A

018828202

Virtus AllianzGI Convertible & Income Fund Series A

92838X201

Preferred

AllianzGI Convertible & Income Fund Series B

018828301

Virtus AllianzGI Convertible & Income Fund Series B

92838X300

Preferred

AllianzGI Convertible & Income Fund Series C

018828400

Virtus AllianzGI Convertible & Income Fund Series C

92838X409

Preferred

AllianzGI Convertible & Income Fund Series D

018828509

Virtus AllianzGI Convertible & Income Fund Series D

92838X508

Preferred

AllianzGI Convertible & Income Fund Series E

018828608

Virtus AllianzGI Convertible & Income Fund Series E

92838X607

Preferred

AllianzGI Convertible & Income Fund Series A Cumulative Preferred Shares

018828707

Virtus AllianzGI Convertible & Income Fund Series A Cumulative Preferred Shares

92838X706

NCV PR A

 

Common

AllianzGI Convertible & Income Fund II

018825109

Virtus AllianzGI Convertible & Income Fund II

92838U108

NCZ

Preferred

AllianzGI Convertible & Income Fund II Series A

018825208

Virtus AllianzGI Convertible & Income Fund II Series A

92838U207

Preferred

AllianzGI Convertible & Income Fund II Series B

018825307

Virtus AllianzGI Convertible & Income Fund II Series B

92838U306

Preferred

AllianzGI Convertible & Income Fund II Series C

018825406

Virtus AllianzGI Convertible & Income Fund II Series C

92838U405

Preferred

AllianzGI Convertible & Income Fund II Series D

018825505

Virtus AllianzGI Convertible & Income Fund II Series D

92838U504

Preferred

AllianzGI Convertible & Income Fund II Series E

018825604

Virtus AllianzGI Convertible & Income Fund II Series E

92838U603

Preferred

AllianzGI Convertible & Income Fund II Series A Cumulative Preferred Shares

0188258802

Virtus AllianzGI Convertible & Income Fund II Series A Cumulative Preferred Shares

92838U702

NCZ PR A

 

Common

AllianzGI Equity & Convertible Income Fund

018829101

Virtus AllianzGI Equity & Convertible Income Fund

92841M101

NIE

 

Common

AllianzGI Dividend, Interest & Premium Strategy Fund

01883A107

Virtus Dividend, Interest & Premium Strategy Fund

92840R101

NFJ

 

Common

AllianzGI Diversified Income & Convertible Fund 

01883J108

Virtus AllianzGI Diversified Income & Convertible Fund

92840N100

ACV

 

Common

AllianzGI Convertible & Income 2024 Target Term Fund

01883H102

Virtus AllianzGI Convertible & Income 2024 Target Term Fund

92838R105

CBH

 

Common

AllianzGI Artificial Intelligence & Technology Opportunities Fund

01883M101

Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund

92838Y100

AIO

*No change

These changes are related to a strategic partnership between Allianz Global Investors U.S. LLC (“AllianzGI U.S.”) and Virtus Investment Partners, Inc. (“Virtus”) under which Virtus affiliates will become the investment adviser and administrator of each Fund, other than AIO, while AllianzGI U.S. will continue to manage each Fund in a subadvisory capacity, effective February 1, 2021. Virtus will become the administrator to AIO on that date, and a new advisory arrangement will become effective following (and subject to) shareholder approval.

In connection with the transition to Virtus entities as investment adviser and administrator to the Funds, the Funds will operate pursuant to the valuation policies and procedures used by other Virtus-sponsored registered funds, which differ in certain respects from the Funds’ current policies and procedures. The transition is expected to result in a one-time adjustment to the reported net asset values of the Funds’ common shares.

Allianz Global Investors U.S. LLC, an indirect, wholly-owned subsidiary of PFP Holdings, Inc., serves as the Funds’ investment manager and is a member of Munich-based Allianz Group.

The Funds’ daily New York Stock Exchange closing market prices and 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. Effective February 1, 2021, prices, performance and other information for each fund will be available in the closed-end funds section of www.virtus.com.

About Allianz Global Investors

Allianz Global Investors is a leading active asset manager with 754 investment professionals in 25 offices worldwide and managing USD 641 billion in assets for individuals, families and institutions.

Active is the most important word in our vocabulary. Active is how we create and share value with clients. We believe in solving, not selling, and in adding value beyond pure economic gain. We invest for the long term, employing our innovative investment expertise and global resources. Our goal is to ensure a superior experience for our clients, wherever they are based and whatever their investment needs.

Active is: Allianz Global Investors

Data as of September 30, 2020

Disclaimer

This material may include statements that constitute “forward-looking statements” under the U.S. securities laws. Forward-looking statements include, among other things, projections, estimates and information about possible or future results related to the Funds, market or regulatory developments. The views expressed herein are for informational purposes only and are not guarantees of future performance or economic results and involve certain risks, uncertainties and assumptions that could cause actual outcomes and results to differ materially from the views expressed herein. 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 views expressed herein are subject to change at any time based upon economic, market, or other conditions and the Funds undertake no obligation to update the views expressed herein. While we have gathered this information from sources believed to be reliable, the Funds cannot guarantee the accuracy of the information provided. The views expressed herein do not constitute recommendations to buy, sell or hold any security. The views expressed herein (including any forward-looking statement) may not be relied upon as investment advice or as an indication of the Funds’ trading intent. Information included herein is not an indication of the Funds’ future portfolio composition or the extent to which the Funds may utilize leverage.

Contacts

For information on Allianz & Closed-End Funds:

Financial Advisors: (800) 926-4456

Shareholders: (800) 254-5197

Media Relations: (212) 739-3172