Certain Virtus Closed-End Funds Announce Three Monthly Distributions: NCV, NCZ, CBH
16 November 2023 - 11:45PM
Business Wire
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
$0.034
December 8, 2023
December 11, 2023
January 2, 2024
NCV
$0.034
January 11, 2024
January 12, 2024
January 30, 2024
NCV
$0.034
February 9, 2024
February 12, 2024
February 28, 2024
Virtus Convertible & Income Fund II:
Ticker
Amount of Distribution
Ex-Date
Record Date
Payable Date
NCZ
$0.030
December 8, 2023
December 11, 2023
January 2, 2024
NCZ
$0.030
January 11, 2024
January 12, 2024
January 30, 2024
NCZ
$0.030
February 9, 2024
February 12, 2024
February 28, 2024
Virtus Convertible & Income 2024 Target Term
Fund:
Ticker
Amount of Distribution
Ex-Date
Record Date
Payable Date
CBH
$0.046
December 8, 2023
December 11, 2023
January 2, 2024
CBH
$0.046
January 11, 2024
January 12, 2024
January 30, 2024
CBH
$0.046
February 9, 2024
February 12, 2024
February 28, 2024
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, when the Fund will terminate
absent approval by the Fund’s Board of Trustees to extend the
Fund’s term by up to six months. 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 Funds 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.
About Virtus Investment Partners, Inc.
Virtus Investment Partners (NASDAQ: VRTS) is a distinctive
partnership of boutique investment managers singularly committed to
the long-term success of individual and institutional investors. We
provide investment management products and services from our
affiliated managers, each with a distinct investment style and
autonomous investment process, as well as select subadvisers.
Investment solutions are available across multiple disciplines and
product types to meet a wide array of investor needs. Additional
information about our firm, investment partners, and strategies is
available at virtus.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231116555375/en/
For Further Information:
Shareholder Services (866) 270-7788 closedendfunds@virtus.com
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