UNDER

THE INVESTMENT COMPANY ACT OF 1940

Financial Statements:

Exhibits:

Second Amended and Restated Agreement and Declaration of Trust dated July 16, 2003. (1)

Amendment to the Second Amended and Restated Agreement and Declaration of Trust dated June 23, 2010. (5)

Amendment No. 2 to the Second Amended and Restated Agreement and Declaration of Trust dated October 17, 2012. (6)

Eighth Amended and Restated Bylaws of Registrant—filed herewith.

Statement of Preferences with Respect to Cumulative Preferred Shares—filed herewith.

None.

Article III (Shares) and Article V (Shareholders’ Voting Powers and Meetings) of the Second Amended and Restated Agreement and Declaration of Trust. (1)

Article 10 (Shareholders’ Voting Powers and Meetings) of the Seventh Amended and Restated Bylaws of Registrant. (7)

Statement of Preferences with Respect to Cumulative Preferred Shares—filed herewith.

Form of Share Certificate of the Common Shares. (1)

Specimen certificate representing the Registrant’s Auction Preferred Shares of beneficial interest. (2)

Terms and Conditions of Dividend Reinvestment Plan. (5)

None.

Amended and Restated Investment Management Agreement between Registrant and Allianz Global Investors Fund Management LLC (predecessor in interest to Allianz Global Investors U.S. LLC)—filed herewith.

Form of Underwriting Agreement for the Cumulative Preferred Shares—filed herewith.

None.

Custody Agreement dated January 23, 2017 with State Street Bank & Trust Company. (8)

Form of Transfer Agency Services Agreement between Registrant and American Stock Transfer & Trust Company, LLC. (5)

Form of Addendum to Transfer Agency Services Agreement between Registrant and American Stock Transfer & Trust Company, LLC—filed herewith.

Regulations of American Stock Transfer & Trust Company, LLC. (5)

Form of Support Services Agreement between Registrant and Allianz Global Investors Distributors LLC. (5)

Opinion and consent of Ropes & Gray LLP as to the Registrant’s Cumulative Preferred Shares—filed herewith.

None.

Consent of Registrant’s Independent Registered Public Accounting Firm. (8)

None.

Subscription Agreement of Allianz Dresdner Asset Management of America L.P. dated July 16, 2003. (1)

None.

Code of Ethics of Registrant. (7)

Code of Ethics of Allianz Global Investors U.S. LLC. (7)

Code of Ethics Pursuant to Section 406 of the Sarbanes-Oxley Act of 2002 for Principal Executive and Senior Financial Officers. (3)

Incorporated by reference to Pre-Effective Amendment No. 3 to the Registrant’s Registration Statement on Form N-2 relating to its common shares of beneficial interest, Registration Nos. 333-104708 and 811-21338 (filed July 25, 2003).

Incorporated by reference to Pre-Effective Amendment No. 1 to the Registrant’s Registration Statement on Form N-2 relating to its preferred shares of beneficial interest, Registration Nos. 333-107594 and 811-21338 (filed September 22, 2003).

Incorporated by reference to the Registrant’s Annual Report on Form N-CSR, Registration No. 811-21338 (filed May 1, 2012).

Incorporated by reference to Registrant’s Registration Statement on Form N-2 relating to its common shares of beneficial interest, Registration Nos. 333-184231 and 811-21338 (filed October 2, 2012).

Incorporated by reference to Registrant’s Registration Statement on Form N-2 relating to its common shares of beneficial interest, Registration Nos. 333-184231 and 811-21338 (filed November 30, 2012).

Incorporated by reference to Registrant’s Registration Statement on Form POS 8-C relating to its common shares of beneficial interest, Registration Nos. 333-184231 and 811-21338 (filed May 20, 2013).

Incorporated by reference to Registrant’s Registration Statement on Form N-2 relating to its preferred shares of beneficial interest, Registration Nos. 333-225290 and 811-21338 (filed May 30, 2018).

Incorporated by reference to Registrant’s Registration Statement on Form N-2 relating to its preferred shares of beneficial interest, Registration Nos. 333-225290 and 811-21338 (filed August 15, 2018).

Securities and Exchange Commission Fees

Printing and Engraving Expenses

Legal Fees

New York Stock Exchange Fees

Auditing Fees

Credit Rating Agency Fees

Miscellaneous Expenses

Total

Title of Class

Common Shares, par value $0.00001

Auction Rate Preferred Shares

Class A

Class B

Class C

Class D

Class E

Name and Title

Non-Allianz business, profession, vocation or employment

N/A

N/A

Registrant undertakes to suspend the offering of its shares until it amends the prospectus filed herewith if (1) subsequent to the effective date of its registration statement, the net asset value declines more than 10 percent from its net asset value as of the effective date of the registration statement, or (2) the net asset value increases to an amount greater than its net proceeds as stated in the prospectus.

Not applicable.

Not applicable.

The Registrant undertakes:

to file, during and period in which offers or sales are being made, a post-effective amendment to this registration statement:

to include any prospectus required by Section 10(a)(3) of the Securities Act;

to reflect in the prospectus any facts or events after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement; and

to include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the Registration Statement.

that for the purpose of determining any liability under the Securities Act, each post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof;

to remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering; and

that, for the purpose of determining liability under the Securities Act to any purchaser, if the Registrant is subject to Rule 430C: Each prospectus filed pursuant to Rule 497(b), (c), (d) or (e) under the Securities Act as part of a registration statement relating to an offering, other than prospectuses filed in reliance on Rule 430A under the Securities Act shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.

that for the purpose of determining liability of the Registrant under the Securities Act to any purchaser in the initial distribution of securities:

any preliminary prospectus or prospectus of the undersigned Registrant relating to the offering required to be filed pursuant to Rule 497 under the Securities Act;

the portion of any advertisement pursuant to Rule 482 under the Securities Act relating to the offering containing material information about the undersigned Registrant or its securities provided by or on behalf of the undersigned Registrant; and

any other communication that is an offer in the offering made by the undersigned Registrant to the purchaser.

The Registrant undertakes that:

For purposes of determining any liability under the 1933 Act, the information omitted from the form of prospectus filed as part of this registration statement in reliance upon Rule 430A and contained in the form of prospectus filed by the Registrant under Rule 497(h) under the 1933 Act shall be deemed to be part of this registration statement as of the time it was declared effective; and

For the purpose of determining any liability under the 1933 Act, each post-effective amendment that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of the securities at that time shall be deemed to be the initial bona fide offering thereof.

The Registrant undertakes to send by first class mail or other means designed to ensure equally prompt delivery, within two business days of receipt of a written or oral request, any Statement of Additional Information.

Signature

Title

Date

/s/ Thomas J. Fuccillo

Scott Whisten*

Erick R. Holt*

Deborah A. DeCotis*

F. Ford Drummond*

A. Douglas Eu*

Bradford K. Gallagher*

James A. Jacobson*

Hans W. Kertess*

James S. MacLeod*

William B. Ogden, IV*

Alan Rappaport*

Davey S. Scoon*

/s/ Thomas J. Fuccillo

Attorney-In-Fact and Agent for the Individuals Noted Above

Date: September 5, 2018