|
AGIC Global Equity & Convertible Income
Fund
Notes to Financial Statements
|
February 28, 2011 (unaudited)
|
|
1.
Organization and Significant Accounting Policies
(continued)
(f) Foreign Currency Translations
The Funds accounting records are maintained in U.S. dollars as
follows: (1) the foreign currency market value of investments and other assets
and liabilities denominated in foreign currency are translated at the
prevailing exchange rate at the end of the period; and (2) purchases and sales,
income and expenses are translated at the prevailing exchange rate on the
respective dates of such transactions. The resulting net foreign currency gain
(loss) is included in the Funds Statement of Operations.
The Fund does not
generally isolate that portion of the results of operations arising as a result
of changes in the foreign currency exchange rates from the fluctuations arising
from changes in the market prices of securities. Accordingly, such foreign
currency gain (loss) is included in net realized and unrealized gain (loss) on
investments. However, the Fund does isolate the effect of fluctuations in
foreign currency exchange rates when determining the gain (loss) upon the sale
or maturity of foreign currency denominated debt obligations pursuant to U.S.
federal income tax regulations; such amount is categorized as foreign currency
gain (loss) for both financial reporting and income tax reporting purposes.
(g)
Convertible Securities
It is the Funds policy to invest a portion of its assets in
convertible securities. Although convertible securities do derive part of their
value from that of the securities into which they are convertible, they are not
considered derivative financial instruments. However, certain of the Funds
investments in convertible securities include features which render them more
sensitive to price changes in their underlying securities. The value of
structured/synthetic convertible securities can be affected by interest rate
changes and credit risks of the issuer. Such securities may be structured in
ways that limit their potential for capital appreciation and the entire value
of the security may be at risk of loss depending on the performance of the
underlying equity security. Consequently, the Fund is exposed to greater
downside risk than traditional convertible securities, but still less than that
of the underlying stock.
2.
Principal Risks
In the normal course of business the Fund trades financial
instruments and enters into financial transactions where risk of potential loss
exists due to, among other things, changes in the market (market risk) or
failure of the other party to a transaction to perform (counterparty risk). The
Fund also is exposed to other risks such as, but not limited to, interest rate,
market price, foreign currency and credit risks.
Interest rate risk
is the risk that fixed income securities will decline in value because of
changes in interest rates. As nominal interest rates rise, the value of certain
fixed income securities held by the Fund is likely to decrease. A nominal
interest rate can be described as the sum of a real interest rate and an
expected inflation rate. Fixed income securities with longer durations tend to
be more sensitive to changes in interest rates, usually making them more
volatile than securities with shorter durations. Duration is used primarily as
a measure of the sensitivity of a fixed income securitys market price to
interest rate (i.e. yield) movements.
Variable and
floating rate securities generally are less sensitive to interest rate changes
but may decline in value if their interest rates do not rise as much, or as
quickly, as interest rates in general. Conversely, floating rate securities
will not generally increase in value if interest rates decline. Inverse
floating rate securities may decrease in value if interest rates increase.
Inverse floating rate securities may also exhibit greater price volatility than
a fixed rate obligation with similar credit quality. When the Fund holds
variable or floating rate securities, a decrease (or, in the case of inverse
floating rate securities, an increase) in market interest rate will adversely
affect the income received from such securities and the NAV of the Funds
shares.
The Fund is exposed
to credit risk which is the risk of losing money if the issuer or guarantor of
a fixed income security is unable or unwilling, or is perceived (whether by
market participants, rating agencies, pricing services or otherwise) as unable
or unwilling, to make timely principal and/or interest payments, or to
otherwise honor its obligations. Securities are subject to varying degrees of
credit risk, which are often reflected in credit ratings.
To the extent the
Fund invests directly in foreign currencies or in securities that trade in, and
receive revenues in, foreign currencies, or in derivatives that provide
exposure to foreign currencies, it will be subject to the risk that those
currencies will decline in value relative to the U.S. dollar, or, in the case of
hedging positions, that the U.S. dollar will decline in value relative to the
currency being hedged. Currency rates in foreign countries may fluctuate
significantly over short periods of time for a number of reasons, including
economic growth, inflation changes in interest rates, intervention (or the
failure to intervene) by U.S. or foreign governments, central banks or
supranational entities such as the International Monetary Fund, or by the
imposition of currency controls or other political developments in the United
States or abroad. As a result, the Funds investments in foreign
currency-denominated securities may reduce the returns of the Fund.
28
AGIC Global
Equity & Convertible Income Fund Semi-Annual Report
|
2.28.11
|
|
AGIC Global Equity & Convertible Income
Fund
Notes to Financial Statements
|
February 28, 2011 (unaudited)
|
|
2.
Principal Risks
(continued)
The Fund is subject to elements of risk not typically associated with
investments in the U.S., due to concentrated investments in specific industries
or investments in foreign issuers located in a specific country or region. Such
concentrations will subject the Fund to additional risks resulting from future
political or economical conditions in such country or region and the possible
imposition of adverse governmental laws of currency exchange restrictions
affecting such country or region, which could cause the securities and their
markets to be less liquid and prices more volatile than those of comparable
U.S. companies.
The Fund is exposed
to counterparty risk, or the risk that an institution or other entity with
which the Fund has unsettled or open transactions will default. The potential
loss to the Fund could exceed the value of the financial assets recorded in the
Funds financial statements. Financial assets, which potentially expose the
Fund to counterparty risk, consist principally of cash due from counterparties
and investments. The Funds sub-adviser Allianz Global Investors Capital LLC
(AGIC or the Sub-Adviser), an affiliate of the Investment Manager, seeks to
minimize the Funds counterparty risk by performing reviews of each
counterparty and by minimizing concentration of counterparty risk by
undertaking transactions with multiple customers and counterparties on
recognized and reputable exchanges. Delivery of securities sold is only made
once the Fund has received payment. Payment is made on the purchase once the
securities have been delivered by the counterparty. The trade will fail if
either party fails to meet its obligation.
The counterparty
risk associated with certain contracts may be reduced by master netting
arrangements to the extent that if an event of default occurs, all amounts with
the counterparty are terminated and settled on a net basis. The Funds overall
exposure to counterparty risk with respect to transactions subject to master
netting arrangements can change substantially within a short period, as it is
affected by each transaction subject to the arrangement.
The market values of
equity securities, such as common stock, preferred stock, securities
convertible into equity securities or equity-related investments such as
options, may decline due to general market conditions which are not
specifically related to a particular company, such as real or perceived adverse
economic conditions, changes in the general outlook for corporate earnings,
changes in interest or currency rates or adverse investor sentiment. They may
also decline due to factors which affect a particular industry or industries,
such as labor shortages or increased production costs and competitive
conditions within an industry. Equity securities and equity-related investments
generally have greater market price volatility than fixed income securities.
The Fund held
synthetic convertible securities with Lehman Brothers entities as counterparty
at the time the relevant Lehman Brother entity filed for protection or was
placed in administration. The values of the relevant securities have been
written down to their estimated recoverable values.
3.
Financial Derivative Instruments
Disclosure about
derivatives and hedging activities require qualitative disclosure regarding
objectives and strategies for using derivatives, quantitative disclosure about
fair value amounts of gains and losses on derivatives, and disclosure about
credit-risk related contingent features in derivative agreements. The
disclosure requirements distinguish between derivatives which are accounted for
as hedges and those that do not qualify for such accounting. Although the
Fund sometimes uses derivatives for hedging purposes, the Fund reflects
derivatives at fair value and recognizes changes in fair value through the
Funds Statement of Operations, and such derivatives do not qualify for hedge
accounting treatment.
Option
Transactions
The Fund writes (sells) call options on securities and
indices to earn premiums, for hedging purposes, risk management purposes or
otherwise as part of its investment strategies.
When an option is
written, the premium received is recorded as an asset with an equal liability
which is subsequently marked to market to reflect the market value of the
option written. These liabilities, if any, are reflected as options written in
the Funds Statement of Assets and Liabilities. Premiums received from writing
options which expire unexercised are recorded on the expiration date as a
realized gain. The difference between the premium received and the amount paid
on effecting a closing purchase transaction, including brokerage commissions,
is also treated as a realized gain, or if the premium is less than the amount
paid for the closing purchased transactions, as a realized loss. If a call
option written is exercised, the premium is added to the proceeds from the sale
of the underlying security in determining whether there has been a realized
gain or loss. If a put option written is exercised, the premium reduces the
cost basis of the security. In writing an option, the Fund bears the market
risk of an unfavorable change in the price of the security underlying the
written option. Exercise of a written option could result in the Fund
purchasing a security at a price different from its current market value.
|
2.28.11
|
AGIC
Global Equity & Convertible Income Fund Semi-Annual Report
29
|
AGIC Global Equity & Convertible Income
Fund
Notes to Financial Statements
|
February 28, 2011 (unaudited)
|
|
3.
Financial Derivative Instruments
(continued)
The following is a summary of the fair valuations of the Funds derivatives
categorized by risk exposure.
The effect of
derivatives on the Funds Statement of Assets and Liabilities at February 28,
2011:
|
|
|
|
|
|
|
Location
|
|
Market
Price
|
|
|
|
|
|
Liability derivatives:
|
|
|
|
|
|
|
Call options written, at value
|
|
|
$
|
(106,193
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The effect of derivatives on the Funds Statement of
Operations for the six months ended February 28, 2011:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Location
|
|
Market
Price
|
|
|
|
|
|
|
|
|
Net realized loss on:
|
|
|
|
|
|
|
Call options written
|
|
|
$
|
(465,271
|
)
|
|
|
|
|
|
|
|
|
Net change in unrealized
appreciation/depreciation of:
|
|
|
|
|
|
|
Call options written
|
|
|
$
|
55
|
|
|
|
|
|
|
|
|
|
The average volume
of derivative activity during the six months ended February 28, 2011 was 16,180
options written contracts.
4.
Investment Manager/Sub-Adviser
The Fund has an Investment Management Agreement (the
Agreement) with the Investment Manager. Subject to the supervision of the
Funds Board of Trustees, the Investment Manager is responsible for managing,
either directly or through others selected by it, the Funds investment
activities, business affairs and administrative matters. Pursuant to the
Agreement, the Investment Manager receives an annual fee, payable monthly, at
the annual rate of 1.00% of the Funds average daily total managed assets.
Total managed assets refer to the total assets of the Fund (including assets
attributable to borrowings that may be outstanding) minus accrued liabilities
(other than liabilities representing borrowings).
The Investment
Manager has retained the Sub-Adviser to manage the Funds investments. Subject
to the supervision of the Investment Manager, the Sub-Adviser is responsible
for making all of the Funds investment decisions. The Investment Manager, and
not the Fund, pays a portion of the fees it receives as Investment Manager to
the Sub-Adviser in return for its services.
5.
Investment in Securities
Purchases and sales of investments, other than short-term
securities for the six months ended February 28, 2011 were $93,300,968 and
$98,867,825, respectively.
(a) Transactions in
options written for the six months ended February 28, 2011:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contracts
|
|
|
|
|
Premiums
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options outstanding, August 31, 2010
|
|
|
|
45,321
|
|
|
$
|
|
85,226
|
|
|
Options written
|
|
|
|
10,235
|
|
|
|
|
758,491
|
|
|
Options terminated in closing purchase transactions
|
|
|
|
(7,185
|
)
|
|
|
|
(486,519
|
)
|
|
Options expired
|
|
|
|
(46,386
|
)
|
|
|
|
(207,404
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options outstanding, February 28, 2011
|
|
|
|
1,985
|
|
|
$
|
|
149,794
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6.
Income Tax Information
The cost basis of investments for federal income tax
purposes was $164,194,231. Aggregate gross unrealized appreciation for
securities in which there was an excess of value over tax cost was $5,343,121,
aggregate gross unrealized depreciation for securities in which there was an
excess of tax cost over value was $44,501,104; and net unrealized depreciation
for federal income tax purposes was $39,157,983. The difference between book
and tax cost basis was attributable to wash sales.
30
AGIC Global Equity & Convertible
Income Fund Semi-Annual Report
|
2.28.11
|
|
AGIC Global Equity & Convertible Income
Fund
Notes to Financial Statements
|
February 28, 2011 (unaudited)
|
|
7. Legal Proceeding
In June and September 2004, the Investment Manager and
certain of its affiliates (including PEA Capital LLC (PEA), Allianz Global
Investors Distributors LLC and Allianz Global Investors of America, L.P.),
agreed to settle, without admitting or denying the allegations, claims brought
by the Securities and Exchange Commission (SEC) and the New Jersey Attorney
General alleging violations of federal and state securities laws with respect
to certain open-end funds for which the Investment Manager serves as investment
adviser. The settlements related to an alleged market timing arrangement in
certain open-end funds formerly sub-advised by PEA. The Investment Manager and
its affiliates agreed to pay a total of $68 million to settle the claims. In
addition to monetary payments, the settling parties agreed to undertake certain
corporate governance, compliance and disclosure reforms related to market
timing, and consented to cease and desist orders and censures. Subsequent to
these events, PEA deregistered as an investment adviser and dissolved. None of
the settlements alleged that any inappropriate activity took place with respect
to the Funds.
Since February 2004,
the Investment Manager and certain of its affiliates and their employees have
been named as defendants in a number of pending lawsuits concerning market
timing, which allege the same or similar conduct underlying the regulatory
settlements discussed above. The market timing lawsuits have been consolidated
in a multidistrict litigation proceeding in the U.S. District Court for the
District of Maryland (the MDL Court). After a number of claims in the
lawsuits were dismissed by the MDL Court, the parties entered into a
stipulation of settlement, which was publicly filed with the MDL Court in April
2010, resolving all remaining claims, but the settlement remains subject to the
approval of the MDL Court.
The Investment
Manager and the Sub-Adviser believe that these matters are not likely to have a
material adverse effect on the Funds or on their ability to perform their
respective investment advisory activities relating to the Funds.
8.
Subsequent Events
On March 11, 2011, a quarterly dividend of $0.30 per share
was declared to shareholders, payable March 30, 2011 to shareholders of record
on March 21, 2011.
|
2.28.11
|
AGIC
Global Equity & Convertible Income Fund Semi-Annual Report
31
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
A
GIC
Global Equity & Convertible Income Fund
F
inancial
Highlights
|
|
For a share outstanding throughout each period:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months
ended
February 28, 2011
(unaudited)
|
|
|
|
For the Period
September 28,
2007* through
August 31, 2008
|
|
|
|
|
|
|
|
|
Year ended August
31,
|
|
|
|
|
2010
|
|
2009
|
|
Net asset
value, beginning of period
|
|
$
|
14.54
|
|
|
$
|
14.71
|
|
|
$
|
18.84
|
|
|
|
23.88
|
**
|
Investment Operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income
|
|
|
0.13
|
|
|
|
0.27
|
|
|
|
0.44
|
|
|
|
0.65
|
|
Net
realized and change in unrealized gain (loss) on investments, call options
written and foreign currency transactions
|
|
|
3.70
|
|
|
|
0.76
|
|
|
|
(2.93
|
)
|
|
|
(3.72
|
)
|
Total from
investment operations
|
|
|
3.83
|
|
|
|
1.03
|
|
|
|
(2.49
|
)
|
|
|
(3.07
|
)
|
Dividends and Distributions to Shareholders from:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
investment income
|
|
|
|
|
|
|
(0.33
|
)
|
|
|
(0.55
|
)
|
|
|
(0.60
|
)
|
Net
realized gains
|
|
|
(0.60
|
)
|
|
|
(0.69
|
)
|
|
|
(0.55
|
)
|
|
|
(1.32
|
)
|
Return of
capital
|
|
|
|
|
|
|
(0.18
|
)
|
|
|
(0.54
|
)
|
|
|
|
|
Total
dividends and distributions to shareholders
|
|
|
(0.60
|
)
|
|
|
(1.20
|
)
|
|
|
(1.64
|
)
|
|
|
(1.92
|
)
|
Common Share Transactions:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Offering
costs charged to paid-in capital in excess of par
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(0.05
|
)
|
Net asset
value, end of period
|
|
$
|
17.77
|
|
|
$
|
14.54
|
|
|
$
|
14.71
|
|
|
$
|
18.84
|
|
Market
price, end of period
|
|
$
|
17.23
|
|
|
$
|
14.10
|
|
|
$
|
12.99
|
|
|
$
|
18.10
|
|
Total Investment Return (1)
|
|
|
26.87
|
%
|
|
|
17.66
|
%
|
|
|
(17.63
|
)%
|
|
|
(20.67
|
)%
|
RATIOS/SUPPLEMENTAL DATA:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets,
end of period (000s)
|
|
$
|
124,454
|
|
|
$
|
101,845
|
|
|
$
|
103,052
|
|
|
$
|
131,941
|
|
Ratio of
expenses to average net assets
|
|
|
1.28
|
%(2)
|
|
|
1.30
|
%
|
|
|
1.39
|
%
|
|
|
1.23
|
%(2)
|
Ratio of
net investment income to average net assets
|
|
|
1.59
|
%(2)
|
|
|
1.74
|
%
|
|
|
3.45
|
%
|
|
|
3.31
|
%(2)
|
Portfolio
turnover rate
|
|
|
82
|
%
|
|
|
75
|
%
|
|
|
26
|
%
|
|
|
105
|
%
|
|
|
*
|
Commencement of operations.
|
**
|
Initial public offering of $25.00
per share less underwriting discount of $1.125 per share.
|
(1)
|
Total investment return is
calculated assuming a purchase of a common share at the market price on the
first day and a sale of a common share at the market price on the last day of
each period reported. Dividends and distributions, if any, are assumed, for
purposes of this calculation, to be reinvested at prices obtained under the
Funds dividend reinvestment plan. Total investment return does not reflect
brokerage commissions or sales charges in connection with the purchase or
sale of Fund shares. Total investment return for a period of less than one
year is not annualized.
|
(2)
|
Annualized.
|
32
AGIC Global Equity & Convertible
Income Fund Semi-Annual Report
|
2.28.11
|
See accompanying Notes to Financial Statements
|
|
AGIC
Global Equity & Convertible Income Fund
|
A
nnual Shareholder
Meeting Results/
|
|
Changes to Board of Trustees/
Proxy Voting Policies &
|
|
Procedures
(unaudited)
|
Annual Shareholder Meeting Results:
The Fund held its annual meeting of
shareholders on December 14, 2010. Shareholders voted as indicated below:
|
|
|
|
|
|
|
|
|
|
Affirmative
|
|
Withheld
Authority
|
|
Election of James A. Jacobson Class III to serve until
2013
|
|
|
4,967,037
|
|
|
54,098
|
|
Election of Alan Rappaport Class I to serve until 2011
|
|
|
4,962,445
|
|
|
58,690
|
|
The other members of the Board of
Trustees at the time of the meeting, namely Messrs. Paul Belica, Hans W.
Kertess, William B. Ogden, IV and John C. Maney, continue to serve as Trustees
of the Fund.
Changes to Board of Trustees:
Effective December 15, 2010, the
Funds Board of Trustees appointed Bradford K. Gallagher as a Class III
Trustee, to serve until 2011.
Effective March 7, 2011, the Funds
Board of Trustees appointed Deborah A. Zoullas as a Class II Trustee, to serve
until 2011.
Proxy Voting Policies & Procedures:
A description of the polices and
procedures that the Fund has adopted to determine how to vote proxies relating
to portfolio securities and information about how the Fund voted proxies
relating to portfolio securities held during the most recent twelve-month
period ended June 30 is available (i) without charge, upon request, by calling
the Funds shareholder servicing agent at (800) 254-5197; (ii) on the Funds
website at www.allianzinvestors.com/closedendfunds; and (iii) on the Securities
and Exchange Commissions website at www.sec.gov
|
2.28.11
|
AGIC Global
Equity & Convertible Income Fund Semi-Annual Report
33
|
|
Trustees
|
Fund
Officers
|
Hans W. Kertess
|
Brian S. Shlissel
|
Chairman of the Board of Trustees
|
President & Chief Executive Officer
|
Paul Belica
|
Lawrence G.
Altadonna
|
Bradford K.
Gallagher
|
Treasurer, Principal Financial &
Accounting Officer
|
James A. Jacobson
|
Thomas J. Fuccillo
|
John C. Maney
|
Vice President, Secretary & Chief Legal
Officer
|
William B. Ogden,
IV
|
Scott Whisten
|
Alan Rappaport
|
Assistant Treasurer
|
Deborah A. Zoullas
|
Richard J. Cochran
|
|
Assistant Treasurer
|
|
Orhan Dzemaili
|
|
Assistant Treasurer
|
|
Youse E. Guia
|
|
Chief Compliance Officer
|
|
Lagan Srivastava
|
|
Assistant Secretary
|
|
Investment
Manager
|
Allianz Global Investors Fund
Management LLC
|
1345 Avenue of the Americas
|
New York, NY 10105
|
|
Sub-Adviser
|
Allianz Global Investors Capital
LLC
|
600 West Broadway, 30th Floor
|
San Diego, CA 92101
|
|
Custodian
& Accounting Agent
|
Brown Brothers Harriman & Co.
|
40 Water Street
|
Boston, MA 02109
|
|
Transfer
Agent, Dividend Paying Agent and Registrar
|
BNY Mellon
|
P.O. Box 43027
|
Providence, RI 02940-3027
|
|
Independent
Registered Public Accounting Firm
|
PricewaterhouseCoopers LLP
|
300 Madison Avenue
|
New York, NY 10017
|
|
Legal
Counsel
|
Ropes & Gray LLP
|
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Boston, MA 02199
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This report,
including the financial information herein, is transmitted to the shareholders
of AGIC Global Equity & Convertible Income Fund for their information. It
is not a prospectus, circular or representation intended for use in the
purchase of shares of the Fund or any securities mentioned in this report.
The financial information
included herein is taken from the records of the Fund without the examination
by an independent registered public accounting firm, who did not express an
opinion herein.
Notice is hereby
given in accordance with Section 23(c) of the Investment Company Act of 1940,
as amended, that from time to time the Fund may purchase its common shares in
the open market.
The Fund files its
complete schedule of portfolio holdings with the Securities and Exchange
Commission (SEC) for the first and third quarters of its fiscal year on Form
N-Q. The Funds Form N-Q is available on the SECs website at www.sec.gov and
may be reviewed and copied at the SECs Public Reference Room in Washington
D.C. Information on the operation of the Public Reference Room may be obtained
by calling (800) SEC-0330. The information on Form N-Q is also available on the
Funds website at www.allianzinvestors.com/closedendfunds.
Information on the
Fund is available at www.allianzinvestors.com/closedendfunds or by calling the
Funds shareholder servicing agent at (800) 254-5197.
Receive this report electronically and eliminate paper mailings. To
enroll, go to
www.allianzinvestors.com/edelivery
.
AGI-2011-03-01-0562
AZ605SA_022811
ITEM 2. CODE OF ETHICS
Not required in this filing.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT
Not required in this filing.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND
SERVICES
Not required in this filing
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANT
Not required in this filing
ITEM 6. SCHEDULE OF INVESTMENTS
(a) The registrants Schedule
of Investments is included as part of the report to shareholders filed under
Item 1 of this form.
(b) Not applicable due to no such divestments during the semi-annual
period covered since the previous Form N-CSR filing.
ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES
AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES
Not required in this filing
ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END
MANAGEMENT INVESTMENT COMPANIES
Not required in this filing
ITEM 9. PURCHASES OF EQUITY SECURITIES BY
CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED COMPANIES
None
ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
There have
been no material changes to the procedures by which shareholders may recommend
nominees to the Funds Board of Trustees since the Fund last provided
disclosure in response to this item.
ITEM 11. CONTROLS AND PROCEDURES
(a) The
registrants President and Chief Executive Officer and Treasurer, Principal
Financial & Accounting Officer have concluded that the registrants
disclosure controls and procedures (as defined in Rule 30a-2(c) under the Act
(17 CFR 270.30a-3(c))), as amended are effective based on their evaluation of
these controls and procedures as of a date within 90 days of the filing date of
this document.
(b) There were
no significant changes in the registrants internal controls over financial reporting as defined in Rule 30a-3(d)
under the Act (17 CFR 270.30a-3(d)) that occurred during the second fiscal
quarter of the period covered by this report that has materially affected, or
is reasonably likely to materially affect, the registrants control over
financial reporting.
ITEM 12. EXHIBITS
(a) (1) Not required in this filing.
(a) (2) Exhibit 99.302 Cert. Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
(a) (3) Not applicable
(b) Exhibit 99.906 Cert. Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
Signature
Pursuant to
the requirements of the Securities Exchange Act of 1934 and the Investment
Company Act of 1940, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
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(Registrant)
AGIC Global Equity &
Convertible Income Fund
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By
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/s/ Brian S.
Shlissel
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President
& Chief Executive Officer
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Date April 27, 2011
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By
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/s/ Lawrence
G. Altadonna
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Treasurer,
Principal Financial & Accounting Officer
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Date April 27, 2011
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Pursuant to
the requirements of the Securities Exchange Act of 1934 and the Investment
Company Act of 1940, this report has been signed below by the following persons
on behalf of the registrant and in the capacities and on the dates indicated.
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By
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/s/ Brian S.
Shlissel
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President
& Chief Executive Officer
|
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Date April 27, 2011
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By
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/s/ Lawrence
G. Altadonna
|
|
|
Treasurer,
Principal Financial & Accounting Officer
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Date April 27, 2011
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