Mohamed El-Erian to Trump: The economy ‘needs more gas in the engine’
Posted on Thursday March 14, 2019
President Donald Trump’s tax cut and deregulatory policies boosted the economy but it “needs more gas in the engine,” said Allianz Chief Economic Advisor Mohamed El-Erian.
Worried about a slowing economy, El-Erian urged Trump to work with Congress to pass an infrastructure bill, saying the initiative would “mostly pay for itself” due to low interest rates and the opportunity for public-private partnerships.
NCV, NCZ, CBH and ACV Declare Monthly Distributions
Posted on Friday March 01, 2019
NEW YORK-- -- AllianzGI Convertible & Income Fund AllianzGI Convertible & Income Fund II AllianzGI Convertible & Income 2024 Target Term Fund AllianzGI Diversified Income & Convertible Fund The Boards of Trustees of AllianzGI Convertible & Income Fund , AllianzGI Convertible & Income Fund II , AllianzGI Convertible & Income 2024 Target Term Fund , and AllianzGI Diversified Income & Convertible Fund ...
AllianzGI Convertible & Income Fund Declares Quarterly Distribution - 5.625% Series A Cumulative Preferred Shares
Posted on Friday March 01, 2019
The Board of Trustees of AllianzGI Convertible & Income Fund (NCV) announced today they have declared a $0.3515625 per share cash distribution payable on April 1, 2019 to Series A cumulative preferred shareholders of record on March 11, 2019. The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCV PR A are rated “AAA’ by Fitch Ratings and have an annual dividend rate of $1.40625 per share. The 4,000,000 Series A Cumulative Preferred Shares were issued September 20, 2018 at $25.00 per share and will pay distributions quarterly.
AllianzGI Convertible & Income Fund -- Moody's announces completion of a periodic review of ratings of AllianzGI Convertible & Income Fund
Posted on Thursday February 21, 2019
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of AllianzGI Convertible & Income Fund and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
