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NCVand NCZ Declare Monthly Common Share Income Dividends and Amend Dividend Reinvestment Plan

^{Published on 2011-11-01 22:41:45 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--The Boards of Trustees of AGIC Convertible & Income Fund (NYSE: NCV) and AGIC Convertible & Income Fund II (NYSE: NCZ) (collectively, the aFundsa) announced today that they have declared the following dividends on the Fundsa common shares:

The dividends will be payable on December 1, 2011 to shareholders of record on November 14, 2011, with an

ex-dividend date of November 9, 2011.

The Fundsa amended Dividend Reinvestment Plan will become effective on November 15, 2011, for distributions paid after December 15, 2011. A copy of the amended Plan for each Fund is available at [ http://www.allianzinvestors.com/closedendfunds ].

At October 31, 2011, the Fundsa net assets (a) were approximately:

(a) Net assets are inclusive of Preferred Shares of $357 million and $274 million for NCV and NCZ, respectively.

The Funds are closed-end management investment companies. The Fundsa investment objective is to provide total return through a combination of capital appreciation and high current income. There can be no assurance that the Funds will achieve their stated objectives.

Allianz Global Investors Fund Management LLC (aAGIFMa), an indirect, wholly-owned subsidiary of Allianz Global Investors of America L.P., serves as the Fundsa investment manager and is a member of Munich-based Allianz Group. Allianz Global Investors Capital LLC, an AGIFM affiliate, serves as the Fundsa sub-adviser.

The Fundsa daily New York Stock Exchange closing prices, net asset values per share, as well as other information, including updated portfolio statistics and performance is available at http://[ www.allianzinvestors.com/closedendfunds ] or by calling the Fundsa 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 Fundsa 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 Fundsa ability to pay dividends to common shareholders is subject to the restrictions in their registration statements, by-laws and other governing documents, as well as the Investment Company Act of 1940.