NEW YORK--(BUSINESS WIRE)--AllianzGI Diversified Income & Convertible Fund (the “Fund”) has completed the closing of its initial public offering. The Fund raised $280,000,000 in its common share offering (before deduction of the sales load and offering expenses), excluding any exercise of the underwriters' option to purchase additional common shares. If the underwriters were to exercise their option to purchase additional common shares in full, which may not occur, the Fund would raise $322