Allianzgi Diversified Income & Conver...

ACV

23.46

+0.03

+0.1%

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Stock Price
Open: 23.31
Prev. Close: 23.43
Low/Hi: 23.31 - 23.82
52-Week: 20.03 - 23.82
Volumes
Equity: 123,292
90-Day Avg: 46,682
Volatility
Todays Stock Vol: 29.0
20-Day (HV): 15.1
52-Week (HV): 16.8
Fundamental
Dividend: 7-Jun $0.167 (Est.)
Div. Yield: 8.5%
Stock Info
Type: ClosedEndFund
Category: Growth & Income
Sub Category: Diversified Equity/Debt

About ACV

The Fund is a diversified, limited term closed-end fund. The Fund's investment objective is to provide total return through a combination of current income and capital appreciation, while seeking to provide downside protection against capital loss. Under normal market conditions, the Fund will seek to achieve its investment objective by investing in a combination of convertible securities, debt and other income-producing instruments and common stocks and other equity securities. The Fund will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in a diversified portfolio of convertible securities, income-producing equity securities and income-producing debt and other instruments of varying maturities. It is expected that substantially all of the Fund’s debt instruments and a substantial portion of its convertible securities will consist of securities rated below investment grade or unrated but determined by Allianz Global Investors U.S. LLC (“AGI U.S.”), the Fund’s sub-adviser, to be of comparable quality (sometimes referred to as “high yield securities” or “junk bonds”). The Fund can also employ a strategy of writing (selling) covered call options on the stocks held in the equity portion of the portfolio (the “Option Strategy”). The Option Strategy is designed to generate gains from option premiums in an attempt to enhance amounts available for distributions payable to the Fund’s shareholders. The Fund currently anticipates that it will utilize leverage as part of its investment strategy. The Fund includes a term limit provision, which provides that the Fund will terminate on its 15th anniversary in 2030, unless the term is extended by the Fund's Board of Trustees for up to one year or shareholders elect to extend the term. The Fund also includes a Repurchase Plan (the “Repurchase Plan”) with respect to the Fund’s common shares for a defined period following the Fund’s initial public offering in an attempt to provide additional liquidity in the marketplace for the Fund’s common shares. There can be no assurance that repurchases of the Fund’s common shares under the Repurchase Plan will cause the common shares to trade at a price equal to or in excess of net asset value (“NAV”) or prevent or reduce any trading discount.
Primary Exchange: NYSE
SIC Investors, NEC
NAICS Investment Banking and Securities Dealing

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