AllianzGI Convertible & Income 2024 Target Term Fund Reports Results for the Fiscal Quarter and Nine Months Ended November 30, 2020 - Seite 2

 

$0.11

Net Realized and Change in Unrealized Gain (b)  

$10,262,199

 

$3,559,887

Per Share (b)  

$0.56

 

$0.19

       

Nine Months ended November 30,

 

2020

 

2019

Net Investment Income (b)  

$5,922,564

 

$6,251,956

Per Share (b)  

$0.32

 

$0.34

Net Realized and Change in Unrealized Gain (b)  

$8,523,148

 

$5,153,671

Per Share (b)  

$0.48

 

$0.28

(a)		Since the Fund's net earning rates fluctuate from month to month, there will be periods when the Fund may over-earn or under-earn its monthly dividend rate. This fluctuation will have the effect of adding to or subtracting from the Fund's undistributed ordinary income balance. Fund management analyzes the current and projected net earning rates prior to recommending dividend amounts to the Fund's Board of Trustees for declaration. There can be no assurance that the monthly dividend rate will remain at its current level or that the undistributed ordinary income balance will be sufficient to cover any shortfall in earnings to meet the current dividend rate. The undistributed ordinary income balance is exclusive of market premium amortization on corporate bonds in accordance with federal income tax treatment. The undistributed ordinary income balance includes realized gain (loss) on the sale of contingent debt and Section 305 adjustments for accrual of deemed dividends from investments in convertible debt in accordance with federal income tax treatment.