HARTFORD, Conn., Dec. 2, 2022
/PRNewswire/ -- 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
|
$0.0425
|
January 19,
2023
|
January 20,
2023
|
February 1,
2023
|
|
NCV
|
$0.0425
|
February 10,
2023
|
February 13,
2023
|
March 1,
2023
|
|
NCV
|
$0.0425
|
March 10,
2023
|
March 13,
2023
|
April 3,
2023
|
Virtus Convertible & Income Fund II:
|
Ticker
|
Amount of
Distribution
|
Ex-Date
|
Record
Date
|
Payable
Date
|
|
NCZ
|
$0.0375
|
January 19,
2023
|
January 20,
2023
|
February 1,
2023
|
|
NCZ
|
$0.0375
|
February 10,
2023
|
February 13,
2023
|
March 1,
2023
|
|
NCZ
|
$0.0375
|
March 10,
2023
|
March 13,
2023
|
April 3,
2023
|
Virtus Convertible & Income 2024 Target Term
Fund:
|
Ticker
|
Amount of
Distribution
|
Ex-Date
|
Record
Date
|
Payable
Date
|
|
CBH
|
$0.0460
|
January 19,
2023
|
January 20,
2023
|
February 1,
2023
|
|
CBH
|
$0.0460
|
February 10,
2023
|
February 13,
2023
|
March 1,
2023
|
|
CBH
|
$0.0460
|
March 10,
2023
|
March 13,
2023
|
April 3,
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 $9.835
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. 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 fund 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.
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SOURCE Virtus Convertible & Income Fund; Virtus Convertible
& Income Fund II; Virtus Convertible & Income 2024 Target
Term Fund