Nicholas-Applegate Convertible & Income Fund operates as a diversified, closed-end management investment company. It invests primarily in convertible securities, nonconvertible income-producing securities, and convertible preferred stock. The fund's investment portfolio comprises investments in advertising, airlines, apparel, automotive, chemicals, commercial services, electronics, energy, financial services, food products, healthcare, home builders, home furnishings, hotels/gaming, leisure, machinery, metals and mining, miscellaneous, multimedia, office furnishings, oil and gas, paper products, pharmaceuticals, real estate, recycling, retail, semiconductors, telecommunications, utilities, aerospace, computers, electrical components and equipment, financing, internet, manufacturing, real estate investment trust, transportation, banking, and insurance sectors. Allianz Global Investors Fund Management LLC serves as the investment manager of the fund. Nicholas-Applegate Convertible & Income Fund was organized in 2003 and is based in New York City.