Virtus Dividend, Interest & Premium Strategy Fund (NFJ) reports closed-end fund developments tied to income-oriented portfolio management, distributions, net asset value, and capital actions. The diversified fund seeks current income and gains, with long-term capital appreciation as a secondary objective, and invests in dividend-paying equity securities and income-producing convertible securities while using covered call options on a portion of its portfolio.
Recurring NFJ news includes quarterly distribution announcements, Section 19(a) notices describing distribution sources, managed distribution plan disclosures, share repurchase program updates, tender-offer and material-agreement disclosures, shareholder voting matters, and portfolio-management or governance changes involving the Virtus, NFJ Investment Group, and Voya advisory structure.
Summary not available.
Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) announced a quarterly distribution of $0.245 per share, with an ex-date of June 9, 2023, record date June 12, 2023, and payable date June 23, 2023. This distribution matches the previous quarterly payout announced on January 12, 2023. The Fund operates under a Managed Distribution Plan, which aims for consistent distributions that may include returns of capital if net investment income and realized gains are insufficient. As of February 28, 2023, the average annual total return over five years is 4.98%, with a current distribution rate of 7.15%.
Virtus Dividend, Interest & Premium Strategy Fund (NFJ) announced a quarterly distribution of $0.245 per share. Key dates include the ex-date on March 10, 2023, record date on March 13, 2023, and payable date on March 24, 2023. The distribution is part of the Fund's Managed Distribution Plan, aiming to provide a consistent payout. Investors should be aware that if net investment income and realized capital gains are insufficient, distributions will be drawn from the Fund's assets, potentially constituting a return of capital.
Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) announced a special year-end distribution of $0.0165 per share, with an ex-date of December 29, 2022, record date December 30, 2022, and payable date January 10, 2023. This distribution is in addition to the regular quarterly payments and is due to federal tax requirements. The fund’s total distribution for the fiscal year-to-date reached $0.996 per share, showcasing a 7.14% cumulative distribution rate. However, the fund reported a -9.99% cumulative total return on NAV for the fiscal year.
On December 14, 2022, the Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) announced a quarterly distribution of $0.245 per share, with an ex-date of December 9, 2022, record date of December 12, 2022, and payable date of December 23, 2022. The Fund aims to maintain a consistent distribution level, which may involve returns of shareholder capital if net income and realized gains are insufficient. For December 2022, the total distribution sources include 0.0% from net investment income and 100.0% from net long-term capital gains.
The Virtus Dividend, Interest & Premium Strategy Fund (NFJ) has announced a quarterly distribution of $0.245, payable on December 23, 2022, with the ex-date set for December 9, 2022. This follows a previous distribution of $0.245 declared on September 7, 2022. The fund aims to maintain its distribution levels through net investment income and realized capital gains, though shareholders should be aware that any shortfall may come from fund assets, effectively returning capital. The current fiscal year-to-date annualized distribution rate is 7.07%.
On June 7, 2022, the Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) announced a quarterly distribution of $0.245 per share. The ex-date for this distribution is September 9, 2022, with a record date of September 12, 2022 and a payable date of September 23, 2022. This distribution is part of the Fund's Managed Distribution Plan, which aims to maintain steady distribution levels. Shareholders should note that if the Fund's net investment income and capital gains are insufficient, the shortfall may be paid from the Fund's assets, potentially returning capital to shareholders.
Virtus Dividend, Interest & Premium Strategy Fund (NFJ) announced a quarterly distribution of $0.245 per share, payable on June 24, 2022. The distribution will be sourced primarily from net realized short-term capital gains (95.1%) and net investment income (4.9%). The ex-date is set for June 10, 2022, with the record date on June 13, 2022. The fund aims for consistent distributions, which may include returns of capital if income is insufficient. Current fiscal year-to-date annualized distribution rate stands at 6.25%, while cumulative total return on NAV reflects -3.98%.
Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) announced a new managed distribution plan, increasing its quarterly distribution rate to $0.245 per share, a 9% rise from the previous $0.225. This increase will be effective from March 25, 2022, and is part of the fund's commitment to enhance shareholder value. The annualized distribution rate is 6.2% based on a closing market price of $15.73 as of December 16, 2021. The fund aims to provide consistent distributions primarily from net investment income and realized capital gains.
Virtus Dividend, Interest & Premium Strategy Fund (NFJ) and Virtus AllianzGI Equity & Convertible Income Fund (NIE) have announced quarterly distributions of $0.225 and $0.380 per common share, respectively. These distributions will be payable on January 7, 2022, for shareholders of record as of December 20, 2021, with an ex-dividend date of December 17, 2021. The amounts stated are estimates and may vary based on the funds' investment experiences and taxation regulations throughout the fiscal year.