Nicholas-Applegate Convertible & Income Fund and Nicholas-Applegate Convertible & Income Fund II Announce Payment of Previously Declared Common Share Dividends
Wednesday December 31, 8:30 am ET
NEW YORK, Dec. 31, 2008 (GLOBE NEWSWIRE) -- Nicholas-Applegate Convertible & Income Fund (NYSE:NCV - News) and Nicholas-Applegate Convertible & Income Fund II (NYSE:NCZ - News) (collectively, the ``Funds'') today announced that the common share dividends previously declared on October 1, 2008 will be paid on December 31, 2008.
Accordingly, the previously declared dividends ($0.12500 and $0.11875 per common share for NCV and NCZ, respectively), which were postponed on November 3, 2008, will be paid on December 31, 2008 to shareholders of record on October 11, 2008.
The Funds' 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, an indirect, wholly-owned subsidiary of Allianz Global Investors of America L.P., serves as the Funds' investment manager and is a member of Munich-based Allianz Group (NYSE:AZ - News). Nicholas-Applegate Capital Management LLC, an Allianz Global Investors Fund Management affiliate, serves as the Funds' sub-adviser. The Funds' 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 allianzinvestors.com or by calling the Funds' shareholder servicing agent at (800) 331-1710.
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 further declines in the securities markets and in the Funds' performance, a general downturn in the economy, inability to obtain leverage to replace ARPS that have been redeemed, 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 Funds' 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.
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