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Nicholas-Applegate Convertible & Income Fund II Declares Special Year-End Income Dividend

^{Published on 2009-12-18 13:10:13 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--The Board of Trustees of Nicholas-Applegate Convertible & Income Fund II (NYSE: NCZ) (the "Fund") announced today that they have declared a $0.1175 per common share special year-end income dividend.

The dividend will be payable on January 22, 2010 to shareholders of record on December 28, 2009, with an ex-dividend date of December 23, 2009.

The Fund's investment objective is to provide total return through a combination of capital appreciation and high current income. There can be no assurance that the Fund will achieve its stated objective.

Allianz Global Investors Fund Management LLC ("AGIFM"), 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. Nicholas-Applegate Capital Management LLC, an AGIFM affiliate, serves as the Fund's sub-adviser.

The Fund's daily New York Stock Exchange closing price, net asset value per share, as well as other information, including updated portfolio statistics and performance is available at [ www.allianzinvestors.com ] 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 dividends to common shareholders is subject to the restrictions in its registration statement, by-laws and other governing documents, as well as the Investment Company Act of 1940.