Welcome to our dedicated page for Virtus Equity news (Ticker: NIE), a resource for investors and traders seeking the latest updates and insights on Virtus Equity stock.
News for Virtus Equity & Convertible Income Fund (NYSE: NIE) centers on its role as a diversified closed-end fund seeking total return through capital appreciation, current income, and gains. Company announcements frequently highlight distribution declarations, special year-end distributions, and detailed Section 19(a) notices that explain the estimated sources of those distributions.
Investors following NIE news can expect regular updates on quarterly distribution amounts per share, ex-dividend and record dates, and payable dates. The fund’s releases also break down each distribution into net investment income, net realized short-term capital gains, net realized long-term capital gains, and any return of capital, giving readers insight into how the managed distribution plan is being implemented over each fiscal period.
Another recurring theme in NIE news is the presentation of performance and distribution metrics based on net asset value (NAV), such as average annual total return on NAV over multi-year periods, annualized current distribution rates, and fiscal year-to-date cumulative total return and distribution rates. These disclosures emphasize that figures are calculated on NAV rather than market price and are not meant to represent individual shareholder performance.
News items also reference the fund’s advisory structure, noting Virtus Investment Advisers, LLC as investment adviser and Voya Investment Management as subadviser in more recent communications. For readers interested in income-focused and total-return strategies using equity and income-producing convertible securities, the NIE news feed provides ongoing context on distributions, NAV-based performance measures, and fund-level risk reminders.
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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.
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%.
On September 8, 2022, the Virtus Equity & Convertible Income Fund (NYSE: NIE) announced a quarterly distribution of $0.50, with an ex-date of December 9, 2022. The record date is December 12, 2022, and the payable date is December 23, 2022. The Fund operates under a Managed Distribution Plan, indicating that if net investment income and net realized capital gains are insufficient, the difference will be sourced from the Fund's assets, constituting a return of capital. The Fund's average annual total return on NAV over the last five years is 10.33%.
Virtus AllianzGI Equity & Convertible Income Fund (NYSE: NIE) announced a quarterly distribution of $0.50, payable on September 23, 2022. The ex-date is set for September 9, 2022, and the record date is September 12, 2022. Under the Managed Distribution Plan, the Fund aims to maintain consistent distribution levels, which may involve returns of shareholder capital if net investment income and realized capital gains are insufficient. As of May 31, 2022, the Fund reported a YTD Cumulative Total Return on NAV of -11.22%.