No part of these publications may be reproduced in any form, or referred to in any other publication, without express written permission.  These publications are distributed for educational purposes only and are not recommendations or offers for the purchase or sale of any particular security, strategy or investment product. Some materials may not be available at certain broker/dealer firms. Allianz Global Investors Distributors LLC.

Closed-end funds, unlike open-end funds, are not continuously offered. After the initial public offering, shares of closed-end funds are sold on the open market through a stock exchange. For additional information on the Allianz Global Investors Closed-end Funds, contact your financial advisor or call 1-800-254-5197. Investment policies, management fees and other matters of interest to prospective investors may be found in each closed-end fund prospectus.

Allianz Global Investors Fund Management LLC, is an indirect, majority-owned subsidiary of Allianz Global Investors of America L.P., and is a member of Munich-based Allianz Group (NYSE | AZ). Allianz is a leading global financial services company. Allianz Global Investors Fund Management LLC serves as the Funds' investment manager, and the sub-advisors are Pacific Investment Management Company LLC (PIMCO), Oppenheimer Capital LLC (OPCAP), Nicholas Applegate Capital Management LLC (NACM), and NFJ Investment Group LLC. (NFJ).

Investment Products: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED