AllianzGI Convertible & Income 2024 Target Term Fund Reports Results for the Fiscal Quarter and Nine Months Ended November 30, 2020

AllianzGI Convertible & Income 2024 Target Term Fund (the "Fund") (NYSE: CBH), a diversified closed-end management investment company which seeks to provide a high level of income and to return at least $9.835 per common share (the original net asset value per common share of beneficial interest before deducting offering cost of $0.02 per share) to holders of common shares on or about September 1, 2024, today announced its results for the fiscal quarter and nine months ended November 30, 2020.

		At November 30,

 

2020

 

2019

Net Assets  

$186,807,810

 

$181,166,380

Common Shares Outstanding  

18,258,516

 

18,257,012

Net Asset Value ("NAV")  

$10.23

 

$9.92

Market Price  

$9.88

 

$9.80

Discount to NAV  

(3.42)%

 

(1.21)%

Undistributed Ordinary Income     Income Per Common Share (a)  

$0.3840

 

$0.2391

       

Quarter ended November 30,

 

2020

 

2019

Net Investment Income (b)  

$2,024,586

 

$2,092,359

Per Share (b)  

$0.11