| AllianzGI Diversified Income & Convertible Fund is a diversified, closed-end management investment company. The Fund's investment objective is to provide total return through a combination of current income and capital appreciation, while seeking to provide downside protection against capital loss. Under normal market conditions, the Fund will seek to achieve its investment objective by investing in a combination of convertible securities, debt and other instruments and common stocks and other equity securities. We show 1 historical shares outstanding datapoints in our ACV shares outstanding history coverage, used to compute ACV market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ACV market cap history over the course of time is important for investors
interested in comparing ACV's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ACV versus a peer is one thing; comparing
ACV market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ACV can fluctuate over the course of history.
With this page we aim to empower investors researching ACV by allowing them to research the ACV market cap history.