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Virtus Equity & Convertible Income Fund - NIE STOCK NEWS

Welcome to our dedicated page for Virtus Equity & Convertible Income Fund news (Ticker: NIE), a resource for investors and traders seeking the latest updates and insights on Virtus Equity & Convertible Income Fund stock.

Virtus Equity & Convertible Income Fund (NIE) is a diversified, closed-end management investment company. Its primary objective is to seek a total return that includes capital appreciation, current income, and gains. The fund achieves this by investing in a diversified portfolio of equity securities and income-producing convertible securities. Such a strategy allows it to provide investors with both growth and income opportunities.

As part of the Virtus Investment Partners family, NIE benefits from a multi-manager asset management business model. This structure comprises several individual affiliated managers, each operating with a distinct investment style, autonomous investment process, and unique brand. This diversified approach ensures a balanced and robust portfolio, mitigating risks while maximizing potential returns.

The fund's portfolio spans various sectors, including aerospace and defense, banks, IT services, software, and more. This sector diversification helps in stabilizing returns and minimizes the impact of sector-specific downturns. By tapping into multiple industries, the fund can leverage growth opportunities across different economic cycles.

Virtus Investment Partners, known for its integrity, quality, and strength, emphasizes its commitment to client success. The firm provides investment management products and services to both individuals and institutions, understanding the significant responsibility of managing their clients' investments.

Recent achievements of the Virtus Equity & Convertible Income Fund include strong financial performance and strategic partnerships that have bolstered its investment capabilities. The fund continually updates its portfolio to align with market trends and capitalize on emerging opportunities, ensuring that it remains a valuable investment vehicle for its stakeholders.

Overall, the Virtus Equity & Convertible Income Fund stands out for its balanced approach to growth and income, diverse sector investments, and commitment to client success. It remains a reliable option for investors looking to achieve a well-rounded investment portfolio.

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Virtus Equity & Convertible Income Fund (NYSE: NIE) has announced a quarterly distribution of $0.50 per share, payable on September 26, 2024. The fund operates under a Managed Distribution Plan, aiming to maintain consistent distribution levels. For the current distribution, 55.1% comes from net realized short-term capital gains, and 44.9% from net realized long-term capital gains. The fund's 5-year average annual total return on NAV is 11.30%, with an annualized current distribution rate of 7.99%. The fiscal YTD cumulative total return on NAV is 9.32%, with a cumulative distribution rate of 6.00%.

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Virtus Equity & Convertible Income Fund (NYSE: NIE) announced a quarterly distribution of $0.50 per share with key dates: Ex-Date and Record Date on June 13, 2024, and Payable Date on June 27, 2024. The Managed Distribution Plan aims to maintain consistent distribution levels sourced from net investment income, realized capital gains, or fund assets, potentially returning a portion of the capital. Performance metrics include a 5-year average annual total return on NAV of 12.33%, a current annualized distribution rate of 8.03%, and a fiscal YTD cumulative total return on NAV of 6.66%. Notably, a substantial portion of the distribution is attributed to the return of capital.

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Virtus Equity & Convertible Income Fund (NIE) declared a quarterly distribution of $0.50 per share, payable on March 28, 2024. The Fund aims to maintain a consistent distribution level from net investment income and realized capital gains, with any shortfall covered by the Fund's assets.
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Virtus Equity & Convertible Income Fund (NYSE: NIE) announces a quarterly distribution of $0.50 per share, with an ex-date of December 8, 2023, a record date of December 11, 2023, and a payable date of December 22, 2023. The Fund aims to maintain a consistent distribution level from net investment income and realized capital gains. However, if the aggregate income and gains are less than the distribution level, the shortfall will be distributed from the Fund's assets, constituting a return of the shareholder's capital.
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Virtus Equity & Convertible Income Fund (NIE) announces quarterly distribution of $0.50 per share on September 22, 2023. Distribution includes return of capital. Performance figures: 5-year average annual total return on NAV is 9.86%. Annualized current distribution rate is 8.30%. Fiscal YTD cumulative total return on NAV is 12.51%.
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Virtus Equity & Convertible Income Fund (NYSE: NIE) announced a quarterly distribution of $0.50 per share, with an ex-date of June 9, 2023, record date of June 12, 2023, and payable date of June 23, 2023. This distribution is consistent with the Fund's Managed Distribution Plan, which aims to maintain stable distribution levels from net investment income and realized capital gains. Shareholders should be aware that some of this distribution may represent a return of capital, affecting overall investment performance. The Fund's fiscal year-to-date cumulative total return on NAV is -2.27%.

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HARTFORD, Conn., Dec. 20, 2022 /PRNewswire/ -- The Virtus Equity & Convertible Income Fund (NYSE: NIE) announced a special year-end distribution of $1.9765 per share, payable on January 10, 2023. The distribution is in addition to the regular quarterly distribution and complies with federal tax requirements. The Fund reported its estimated sources for the distribution, including $0.183 from short-term capital gains and $1.794 from long-term capital gains. Overall, the distribution represents a total of $1.977 for the current fiscal year.

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Virtus Equity & Convertible Income Fund (NIE) announced a quarterly distribution of $0.50 on December 9, 2022, with a payable date of December 23, 2022. The distribution is part of its Managed Distribution Plan, aiming at maintaining a consistent distribution level funded by net investment income and realized capital gains. Notably, the Fund reported that the distribution will be sourced predominantly from net realized short-term capital gains, with total estimated distributions for the fiscal year-to-date standing at 8.04%.

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FAQ

What is the current stock price of Virtus Equity & Convertible Income Fund (NIE)?

The current stock price of Virtus Equity & Convertible Income Fund (NIE) is $23.96 as of November 14, 2024.

What is the market cap of Virtus Equity & Convertible Income Fund (NIE)?

The market cap of Virtus Equity & Convertible Income Fund (NIE) is approximately 662.0M.

What is the primary objective of the Virtus Equity & Convertible Income Fund (NIE)?

The primary objective is to seek total return through capital appreciation, current income, and gains by investing in a diversified portfolio of equity and convertible securities.

How does the Virtus Equity & Convertible Income Fund achieve diversification?

The fund achieves diversification by investing in various sectors such as aerospace and defense, banks, IT services, and software.

Who manages the Virtus Equity & Convertible Income Fund (NIE)?

NIE is part of the Virtus Investment Partners family, which operates a multi-manager asset management business with several affiliated managers, each with a distinct investment style and autonomous process.

What are the benefits of investing in the Virtus Equity & Convertible Income Fund?

Investors benefit from a balanced approach to growth and income, sector diversification, and the expertise of multiple affiliated managers.

What sectors does the fund invest in?

The fund invests in sectors such as aerospace and defense, banks, IT services, software, and more.

How does Virtus Investment Partners ensure client success?

Virtus Investment Partners emphasizes integrity, quality, and strength, providing tailored investment management products and services to meet clients' needs.

What are the recent achievements of the Virtus Equity & Convertible Income Fund?

Recent achievements include strong financial performance and strategic partnerships that enhance the fund's investment capabilities.

What type of securities does the fund invest in?

The fund invests in a diversified portfolio of equity securities and income-producing convertible securities.

How does the fund align with market trends?

The fund continually updates its portfolio to align with market trends and capitalize on emerging opportunities, ensuring its relevance and value.

Who can invest in the Virtus Equity & Convertible Income Fund?

The fund provides investment opportunities to both individuals and institutions looking for a balanced approach to growth and income.

Virtus Equity & Convertible Income Fund

NYSE:NIE

NIE Rankings

NIE Stock Data

661.97M
27.71M
0.02%
23.4%
0.72%
Asset Management
Financial Services
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United States of America
New York