AllianzGI Convertible & Income Fund II (NYSE: NCZ) (the “Fund”) announced today that it has declared a dividend of $0.0375 per common share. The distribution announced today reflects a reduction of $0.0075 per common share from the amount of the Fund’s most recent monthly common share dividends. The reduction takes into account many factors, including the Fund’s cost of leverage, current and expected earnings, and the overall market environment, among others.
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