 The Board of Trustees of AllianzGI Convertible Income Fund NYSE: NCV the Fund announced today that it has declared a dividend of 0.0425 per common share. The distribution announced today reflects a reduction of 0.01 per common share from the amount of the Funds most recent monthly common share dividends. The reduction takes into account many factors, including the Funds cost of leverage, current and expected earnings, and the overall market environment, among others. 