Virtus Investmen Stock Price, News & Analysis

Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) announced a 9% increase in its quarterly distribution from $0.280 to $0.305 per share, effective September 2024. This follows a previous increase in March 2024, resulting in a cumulative 23% increase this year. The new distribution represents an annual rate of approximately 9.5% based on market price and 8.3% based on NAV. The Fund aims to maintain consistent distributions through its Managed Distribution Plan, sourced from net investment income, realized capital gains, or a combination thereof. For September 2024, the distribution sources are estimated as 20.1% from net investment income, 43.1% from net realized long-term capital gains, and 36.8% from return of capital.

Virtus Total Return Fund Inc. (NYSE: ZTR) has announced monthly distributions of $0.05 per share for September, October, and November 2024. The fund operates under a Managed Distribution Plan, aiming to maintain consistent distribution levels. However, the current distribution appears to be primarily a return of capital, with 95.1% of the fiscal year-to-date distribution classified as such.

Key performance metrics as of July 31, 2024 include:

• 5-year Average Annual Total Return on NAV: 3.58%
• Annualized Current Distribution Rate: 9.13%
• Fiscal YTD Cumulative Total Return on NAV: 12.84%
• Fiscal YTD Cumulative Distribution Rate: 6.09%

Virtus Global Multi-Sector Income Fund (NYSE: VGI) has announced its upcoming monthly distributions for September, October, and November 2024. The fund will distribute $0.08 per share for each month. The ex-dates and record dates are set for September 13, October 11, and November 12, 2024, respectively. The corresponding payable dates are September 26, October 30, and November 27, 2024.

It's important to note that these distribution amounts are estimates and not provided for tax reporting purposes. The actual amounts and sources of distributions for tax purposes will depend on the Fund's investment performance during the remainder of its fiscal year. Shareholders will receive a Form 1099-DIV for the calendar year, which will provide the necessary information for federal income tax reporting.

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%.

Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) have announced their upcoming monthly distributions for common shares. NCV will distribute $0.034 per share on September 26, October 30, and November 27, 2024. NCZ will distribute $0.030 per share on the same dates. The ex-dates and record dates for these distributions are set for September 13, October 11, and November 12, 2024, respectively. It's important to note that these distribution amounts are estimates and may be subject to changes based on the funds' investment performance and tax regulations.

Virtus Stone Harbor Emerging Markets Income Fund (NYSE: EDF) has announced its monthly distributions for September, October, and November 2024. The fund will distribute $0.06 per share for each month. The ex-dates, record dates, and payable dates are as follows:

• September: Ex-Date and Record Date - September 13, 2024; Payable Date - September 26, 2024
• October: Ex-Date and Record Date - October 11, 2024; Payable Date - October 30, 2024
• November: Ex-Date and Record Date - November 12, 2024; Payable Date - November 27, 2024

The fund notes that these distribution amounts are estimates and may be subject to changes based on tax regulations and investment performance.

Virtus Diversified Income & Convertible Fund (NYSE: ACV) has announced monthly distributions of $0.18 per share for September, October, and November 2024. The fund operates under a Managed Distribution Plan, aiming to maintain consistent distribution levels. However, the current distribution is estimated to be 100% return of capital, as the fund has distributed more than its income and capital gains.

Key performance metrics as of July 31, 2024:

• 5-year Average Annual Total Return on NAV: 11.05%
• Annualized Current Distribution Rate: 10.00%
• Fiscal YTD Cumulative Total Return on NAV: 8.96%
• Fiscal YTD Cumulative Distribution Rate: 5.00%

Investors should note that return of capital distributions do not reflect the fund's investment performance and should not be confused with 'yield' or 'income'.

Virtus Diversified Income & Convertible Fund (NYSE: ACV) has announced a monthly distribution of $0.18 per share, payable on August 29, 2024. The fund operates under a Managed Distribution Plan, aiming to maintain consistent distribution levels. However, the current distribution is estimated to be 100% return of capital, as the fund has distributed more than its income and capital gains. This doesn't necessarily reflect the fund's investment performance.

Key performance metrics as of July 31, 2024:

• 5-year Average Annual Total Return on NAV: 11.05%
• Annualized Current Distribution Rate: 10.00%
• Fiscal YTD Cumulative Total Return on NAV: 8.96%
• Fiscal YTD Cumulative Distribution Rate: 5.00%

Virtus Total Return Fund Inc. (NYSE: ZTR) has announced its monthly distribution of $0.05 per share, payable on August 29, 2024. The fund operates under a Managed Distribution Plan, aiming to maintain consistent distribution levels. However, the current distribution is estimated to be 100% return of capital, as the fund has distributed more than its income and capital gains. This means shareholders are receiving back part of their investment rather than earnings.

The fund's performance metrics show an average annual total return on NAV of 3.58% for the 5-year period and a fiscal YTD cumulative total return on NAV of 12.84%. The annualized current distribution rate stands at 9.13%. Investors should note that return of capital distributions do not necessarily reflect the fund's investment performance and should not be confused with yield or income.