NEW YORK--(BUSINESS WIRE)--

The Boards of Trustees of the AllianzGI Equity & Convertible Income Fund (the “Fund”) (NYSE:NIE) announced today that they have declared the following quarterly distribution.

The distribution will be payable on January 5, 2018 to shareholders of record on December 26, 2017 with an ex-dividend date of December 22, 2017.

The actual composition and character of the distribution stated above may be materially different from the composition or characterization of such distribution that existed at the time of this press release and may be comprised of net investment income, capital gains and/or return of capital. Factors contributing to the composition and character include the varied nature of the Fund’s investments and the performance of those investments, and that the ultimate characterization of the Fund’s distribution cannot finally be determined until the end of the Fund’s fiscal year, resulting in the possibility of a return of capital if the Fund makes total distributions in an amount that exceeds its net investment income and net realized capital gains during its fiscal year. Additional information as applicable regarding the composition of the distribution will be made available at https://us.allianzgi.com/en-us/products-solutions/closed-end-funds after the payable date. As a result of the foregoing and other factors, no assurance can be given as to the actual composition or character of the Fund’s distributions at the time of this press release and neither the Fund, Allianz Global Investors U.S. LLC (“AllianzGI U.S.”), nor any of their trustees, members, officers or employees assumes responsibility for such statements.

This notice should not be used to prepare tax returns. In January 2018, Form 1099 DIV (or substitute Form 1099 DIV) will be sent to shareholders and will state the aggregate amount and tax characterizations of distributions for the 2017 calendar year.

It is anticipated that the Fund’s next quarterly distribution will be declared on or about March 2, 2018 and be payable on or about March 23, 2018.

AllianzGI U.S., an indirect, wholly-owned subsidiary of Allianz Asset Management of America L.P., serves as the Fund’s investment manager and is a member of Munich-based Allianz Group.

The Fund’s daily New York Stock Exchange closing market prices and net asset values per share as well as other information, including portfolio statistics and performance is available at https://us.allianzgi.com/en-us/products-solutions/closed-end-funds 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 a Funds’ 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.

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