Certain Virtus Closed-End Funds Announce Three Monthly Distributions: NCV, NCZ, CBH
Virtus Convertible & Income Fund, Virtus Convertible & Income Fund II, and Virtus Convertible & Income 2024 Target Term Fund announce distributions on their common shares.
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08/31/2023 - 04:15 PM
HARTFORD, Conn. --(BUSINESS WIRE)--
Virtus Convertible & Income Fund (NYSE: NCV), Virtus Convertible & Income Fund II (NYSE: NCZ), and Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH) announced the following distributions on their respective common shares:
Virtus Convertible & Income Fund:
Ticker
Amount of Distribution
Ex-Date
Record Date
Payable Date
NCV
$0.03 4
September 8, 2023
September 11, 2023
October 2, 2023
NCV
$0.03 4
October 11, 2023
October 12, 2023
November 1, 2023
NCV
$0.03 4
November 10, 2023
November 13, 2023
December 1, 2023
Virtus Convertible & Income Fund II:
Ticker
Amount of Distribution
Ex-Date
Record Date
Payable Date
NCZ
$0.03 0
September 8, 2023
September 11, 2023
October 2, 2023
NCZ
$0.03 0
October 11, 2023
October 12, 2023
November 1, 2023
NCZ
$0.03 0
November 10, 2023
November 13, 2023
December 1, 2023
Virtus Convertible & Income 2024 Target Term Fund:
Ticker
Amount of Distribution
Ex-Date
Record Date
Payable Date
CBH
$0.04 6
September 8, 2023
September 11, 2023
October 2, 2023
CBH
$0.04 6
October 11, 2023
October 12, 2023
November 1, 2023
CBH
$0.04 6
November 10, 2023
November 13, 2023
December 1, 2023
The amounts of distributions reported in this notice are estimates only and are not being provided for tax reporting purposes. The actual amounts and sources of the distributions will depend on the fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The fund or your broker will send shareholders a Form 1099-DIV for the calendar year that will tell shareholders what distributions to report for federal income tax purposes.
About the Funds
Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II each have an investment objective to provide total return through a combination of capital appreciation and high current income. Virtus Convertible & Income 2024 Target Term Fund ’s investment objectives are to provide a high level of income and to return at least $9.83 5 per common share (the original net asset value per common share of beneficial interest before deducting offering costs of $0.02 per share) to holders of common shares on or about September 1, 2024, when the Fund will terminate absent approval by the Fund’s Board of Trustees to extend the Fund’s term by up to six months. Virtus Investment Advisers, Inc. is the investment adviser to each fund and Voya Investment Management is the subadviser.
For more information on these funds, contact shareholder services at (866) 270-7788, by email at closedendfunds@virtus.com , or through the Closed-End Funds section on the web at virtus.com .
Fund Risks
An investment in a fund is subject to risk, including the risk of possible loss of principal. A fund’s shares may be worth less upon their sale than what an investor paid for them. Shares of closed-end funds may trade at a premium or discount to their net asset value. For more information about each fund’s investment objective and risks, please see the funds’ annual report. A copy of the funds’ most recent annual report may be obtained free of charge by contacting “Shareholder Services” as set forth at the end of this press release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230831302285/en/
For Further Information:
Shareholder Services
(866) 270-7788
closedendfunds@virtus.com
Source: Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II and Virtus Convertible & Income 2024 Target Term Fund
Virtus Convertible & Income Fund II
NCZ Rankings
#3060 Ranked by Stock Gains
NCZ Stock Data
Industry
Securities and Commodity Exchanges
Sector
Finance and Insurance
Tags
Miscellaneous, Investment Trusts/Mutual Funds
Country
US
City
Boston
About NCZ
in latin, virtus connotes the characteristics of integrity, quality and strength. those are the traits we stand for today as an investment management provider and the traits that will define us in the future. virtus investment partners provides investment management products and services to individuals and institutions. we operate a multi-manager asset management business, comprising a number of individual affiliated managers, each with a distinct investment style, autonomous investment process and individual brand. we clearly understand the responsibility we have to our clients and we are committed to their success as investors. for important disclaimers, go to https://www.virtus.com/social-media-guidelines