Virtus Diversified Income & Convertible Fund Announces Distributions
Virtus Diversified Income & Convertible Fund (NYSE: ACV) has announced its monthly distribution plan details. The Fund operates under a Managed Distribution Plan that aims to maintain consistent distribution levels, which can be funded through net investment income, realized capital gains, or a combination of both.
The Fund has disclosed that it has distributed more than its income and capital gains, indicating that a portion of the distribution may represent a return of capital to shareholders. This return of capital should not be interpreted as a measure of the Fund's investment performance or confused with 'yield' or 'income'.
The Fund has already announced its February 2025 distribution. All performance metrics are based on the Fund's net asset value (NAV) rather than market price. The exact distribution amounts and sources for tax purposes will be determined based on the Fund's fiscal year investment performance and tax regulations.
Virtus Diversified Income & Convertible Fund (NYSE: ACV) ha annunciato i dettagli del suo piano di distribuzione mensile. Il Fondo opera sotto un Piano di Distribuzione Gestita che mira a mantenere livelli di distribuzione costanti, finanziabili attraverso il reddito da investimenti netti, guadagni di capitale realizzati o una combinazione di entrambi.
Il Fondo ha rivelato di aver distribuito più del suo reddito e dei guadagni di capitale, indicando che una parte della distribuzione potrebbe rappresentare un ritorno di capitale per gli azionisti. Questo ritorno di capitale non dovrebbe essere interpretato come una misura delle performance di investimento del Fondo né confuso con 'rendita' o 'reddito'.
Il Fondo ha già annunciato la sua distribuzione di febbraio 2025. Tutti i parametri di performance si basano sul valore netto degli attivi (NAV) del Fondo piuttosto che sul prezzo di mercato. Gli importi esatti delle distribuzioni e le fonti ai fini fiscali saranno determinati in base alla performance di investimento del Fondo nell'anno fiscale e alle normative fiscali.
Virtus Diversified Income & Convertible Fund (NYSE: ACV) ha anunciado los detalles de su plan de distribución mensual. El Fondo opera bajo un Plan de Distribución Gestionada que tiene como objetivo mantener niveles de distribución consistentes, que pueden ser financiados a través de ingresos por inversiones netas, ganancias de capital realizadas o una combinación de ambos.
El Fondo ha revelado que ha distribuido más de sus ingresos y ganancias de capital, lo que indica que una parte de la distribución puede representar un retorno de capital para los accionistas. Este retorno de capital no debe interpretarse como una medida del rendimiento de inversión del Fondo ni confundirse con 'rendimiento' o 'ingresos'.
El Fondo ya ha anunciado su distribución de febrero de 2025. Todos los métricas de rendimiento se basan en el valor neto de los activos (NAV) del Fondo en lugar del precio de mercado. Los montos exactos de las distribuciones y las fuentes para fines fiscales se determinarán en función del rendimiento de inversión del Fondo durante el año fiscal y las regulaciones fiscales.
Virtus Diversified Income & Convertible Fund (NYSE: ACV)는 월별 배당 계획의 세부 사항을 발표했습니다. 이 펀드는 일관된 배당 수준을 유지하는 것을 목표로 하는 관리 배당 계획에 따라 운영되며, 이는 순 투자 소득, 실현된 자본 이익 또는 둘의 조합을 통해 자금이 조달될 수 있습니다.
펀드는 소득과 자본 이익보다 더 많은 배당금을 분배했음을 밝혔으며, 이는 배당금의 일부가 주주에게 자본 환급을 나타낼 수 있음을 시사합니다. 이 자본 환급은 펀드의 투자 성과를 측정하는 지표로 해석해서는 안 되며 '수익률'이나 '소득'과 혼동해서는 안 됩니다.
펀드는 2025년 2월 배당금을 이미 발표했습니다. 모든 성과 지표는 펀드의 순 자산 가치(NAV)를 기준으로 하며 시장 가격이 아닙니다. 세금 목적을 위한 정확한 배당금 금액과 출처는 펀드의 회계 연도 투자 성과 및 세법에 따라 결정됩니다.
Virtus Diversified Income & Convertible Fund (NYSE: ACV) a annoncé les détails de son plan de distribution mensuelle. Le Fonds fonctionne selon un Plan de Distribution Géré qui vise à maintenir des niveaux de distribution cohérents, pouvant être financés par des revenus d'investissement nets, des gains en capital réalisés ou une combinaison des deux.
Le Fonds a révélé qu'il avait distribué plus de ses revenus et de ses gains en capital, ce qui indique qu'une partie de la distribution pourrait représenter un retour de capital pour les actionnaires. Ce retour de capital ne doit pas être interprété comme une mesure de la performance d'investissement du Fonds ni confondu avec 'rendement' ou 'revenu'.
Le Fonds a déjà annoncé sa distribution de février 2025. Tous les indicateurs de performance sont basés sur la valeur nette d'inventaire (NAV) du Fonds plutôt que sur le prix du marché. Les montants exacts des distributions et les sources à des fins fiscales seront déterminés en fonction de la performance d'investissement du Fonds au cours de l'année fiscale et des réglementations fiscales.
Virtus Diversified Income & Convertible Fund (NYSE: ACV) hat die Einzelheiten seines monatlichen Verteilungsplans bekannt gegeben. Der Fonds arbeitet unter einem verwalteten Verteilungsplan, der darauf abzielt, konsistente Verteilungsniveaus aufrechtzuerhalten, die durch Nettoanlageerträge, realisierte Kapitalgewinne oder eine Kombination aus beidem finanziert werden können.
Der Fonds hat offengelegt, dass er mehr als seine Erträge und Kapitalgewinne verteilt hat, was darauf hindeutet, dass ein Teil der Verteilung eine Rückzahlung des Kapitals an die Aktionäre darstellen kann. Diese Kapitalrückzahlung sollte nicht als Maß für die Anlageperformance des Fonds interpretiert oder mit 'Ertrag' oder 'Einkommen' verwechselt werden.
Der Fonds hat bereits seine Verteilung für Februar 2025 angekündigt. Alle Leistungskennzahlen basieren auf dem Nettovermögenswert (NAV) des Fonds und nicht auf dem Marktpreis. Die genauen Verteilungsbeträge und -quellen für steuerliche Zwecke werden basierend auf der Anlageperformance des Fonds im Geschäftsjahr und den Steuervorschriften bestimmt.
- None.
- None.
Amount of Distribution |
Ex-Date/Record Date |
Payable Date |
|
April 11, 2025 |
April 29, 2025 |
|
May 12, 2025 |
May 29, 2025 |
|
June 12, 2025 |
June 27, 2025 |
Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund's aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund's assets and will constitute a return of the shareholder's capital. You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Managed Distribution Plan.
The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’.
The Fund previously announced its February 2025 distribution and provided this estimate of the sources of the distributions:
Distribution Estimates |
February 2025 (MTD) |
Fiscal Year-to-Date (YTD) (1) |
|||
(Sources) |
Per Share Amount |
Percentage of Current Distribution |
Per Share Amount |
Percentage of Current Distribution |
|
Net Investment Income |
|
|
|
|
|
Net Realized Short-Term Capital Gains |
0.008 |
|
0.008 |
|
|
Net Realized Long-Term Capital Gains |
0.010 |
|
0.010 |
|
|
Return of Capital (or other Capital Source) |
0.150 |
|
0.150 |
|
|
Total Distribution |
|
|
|
|
|
| (1) Fiscal year started February 1, 2025. |
Information regarding the Fund’s performance and distribution rates is set forth below. Please note that all performance figures are based on the Fund’s net asset value (NAV) and not the market price of the Fund’s shares. Performance figures are not meant to represent individual shareholder performance.
February 28, 2025 |
|
|
Average Annual Total Return on NAV for the 5-year period (2) |
|
|
Annualized Current Distribution Rate (3) |
|
|
Fiscal YTD Cumulative Total Return on NAV (4) |
- |
|
Fiscal YTD Cumulative Distribution Rate (5) |
|
|
(2) |
Average Annual Total Return on NAV is the annual compound return for the five-year period. It reflects the change in the Fund’s NAV and reinvestment of all distributions. |
|
(3) |
Annualized Current Distribution Rate is the current distribution rate annualized as a percentage of the Fund's NAV at month end. |
|
(4) |
Fiscal YTD Cumulative Total Return on NAV is the percentage change in the Fund's NAV from the first day of the fiscal year to this month end, including distributions paid and assuming reinvestment of those distributions. |
|
(5) |
Fiscal YTD Cumulative Distribution Rate is the dollar value of distributions from the first day of the fiscal year to this month end as a percentage of the Fund's NAV at month end. |
|
The amounts and sources 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 for tax purposes 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 you a Form 1099-DIV for the calendar year that will tell you what distributions to report for federal income tax purposes.
About the Fund
Virtus Diversified Income & Convertible Fund is a diversified closed-end fund that seeks to provide total return through a combination of current income and capital appreciation, while seeking to provide downside protection against capital loss. The Fund strives to dynamically allocate across convertibles, equities, and income-producing securities. The Fund normally invests at least
For more information on the Fund, contact shareholder services at (866) 270-7788, by email at closedendfunds@virtus.com, or through the Closed-End Funds section of 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 NAV. For more information about the Fund’s investment objective and risks, please see the Fund’s annual report. A copy of the Fund’s 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 (NYSE: 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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Shareholder Services
(866) 270-7788
closedendfunds@virtus.com
Source: Virtus Diversified Income & Convertible Fund
FAQ
What is the current distribution structure of Virtus Diversified Income & Convertible Fund (ACV)?
How does ACV's return of capital impact shareholders?
When will ACV shareholders receive their tax documentation for distributions?
How are ACV's performance figures calculated?
