NEW YORK--(BUSINESS WIRE)--Jul 30, 2018--AllianzGI Convertible & Income 2024 Target Term Fund (the "Fund") (NYSE: CBH), a diversified closed-end management investment company which seeks to provide a high level of income and to return at least $9.835 per common share (the original net asset value per common share of beneficial interest before deducting offering cost of $0.02 per share) to holders of common shares on or about September 1, 2024, today announced its results for the quarter ended May 31, 2018.

Allianz Global Investors U.S. LLC, an indirect, wholly-owned subsidiary of Allianz Asset Management of America L.P., serves as the Fund's investment manager and is a member of Munich-based Allianz Group.

The Fund's daily New York Stock Exchange closing market price, NAV, as well as other information, are available at or by calling the Fund's shareholder servicing agent at (800) 254-5197.

The financial information contained herein is solely based upon the data available at the time of publication of this press release, and there is no assurance that any future results will be the same or similar to the results reported herein. Information that was obtained from third party sources we believe to be reliable is not guaranteed as to its accuracy or completeness. This press release contains no recommendations to buy or sell any specific securities and should not be considered investment advice of any kind. Past performance is no guarantee of future results and the investment returns generated by the Fund will fluctuate. There can be no assurance that the Fund will meet its stated objectives. In making any investment decision, individuals should utilize other information sources and the advice of their own professional adviser.

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CONTACT: For Information on Allianz Closed-End Funds:

Financial Advisors: (800) 926-4456

Shareholders: (800) 254-5197

Media Relations: (212) 739-3501



SOURCE: AllianzGI Convertible & Income 2024 Target Term Fund

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PUB: 07/30/2018 04:05 PM/DISC: 07/30/2018 04:05 PM