AllianzGI Equity and Convertible Income Fund, formerly AllianzGI Equity & Convertible Income Fund, is a diversified, closed-end management investment company. The Fund's investment objective is to seek total return consisted of capital appreciation, current income and gains, with a secondary objective of long-term capital appreciation. Under normal market conditions the Fund pursues its investment objectives by investing in a diversified portfolio of dividend-paying common stocks and income-producing convertible securities. The Fund also employs a strategy of writing (selling) call options on equity indexes. Allianz Global Investors Fund Management LLC serves as the Funds' investment manager and is an indirect wholly owned subsidiary of Allianz Asset Management of America L.P.