Welcome to our dedicated page for Virtus Cnvtbl news (Ticker: CBH), a resource for investors and traders seeking the latest updates and insights on Virtus Cnvtbl stock.
Virtus Cnvtbl (NYSE: CBH) provides institutional and individual investors with diversified investment solutions through its multi-manager approach. This news hub delivers timely updates about the company's strategic initiatives, portfolio management decisions, and market positioning.
Access official press releases and third-party analysis covering earnings reports, leadership changes, and product developments. Investors gain a centralized resource for tracking CBH's autonomous investment manager performance, risk management practices, and regulatory updates within the asset management sector.
The curated news collection includes updates on convertible securities strategies, income-focused products, and institutional partnership developments. Content is organized to help users quickly identify material events affecting investment decisions while maintaining compliance with financial disclosure standards.
Bookmark this page for continuous access to Virtus Cnvtbl's latest corporate communications and market analysis. Regularly updated content ensures stakeholders stay informed about this distinctive investment management firm's evolving strategies and industry impact.
Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH) has completed its termination and liquidation on August 30, 2024. The Fund's final net asset value (NAV) was $9.2342 per common share, with liquidation proceeds paid to shareholders on September 4, 2024. Launched on June 29, 2017, the Fund paid total distributions of $4.2152 per share, representing an average annual distribution rate of 6.36% on the final NAV. The annualized total return for initial investors was 5.34% based on NAV and 5.26% based on market price. Shareholders may recognize gains or losses for tax purposes and are advised to consult tax advisors regarding potential tax liabilities from the liquidation proceeds.
The Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH) has announced additional details about its planned liquidation. The final trading day for the Fund on the New York Stock Exchange will be August 26, 2024. Post this date, there will be no secondary market for the Fund’s shares. The liquidation will occur after the close of business on August 30, 2024, with liquidation proceeds paid around September 4, 2024, based on shareholders’ holdings as of the Termination Date.
The Fund's final monthly distribution was declared on March 1, 2024, amounting to $0.027, payable on June 27, 2024. Shareholders are advised to consult their tax advisors regarding any tax liabilities from the liquidation proceeds. The tax-related details for the distributions will be provided through Form 1099-DIV sent by the Fund or brokers.
Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH) has announced a special year-end distribution of $0.0909 per share in long-term capital gains, in addition to its regular monthly distribution. This distribution is mandated by federal tax requirements and will be effective on December 29, 2022. The record date is set for December 30, 2022, with payments to be made on January 10, 2023. The Fund aims to provide a high level of income and return at least $9.835 per share by September 1, 2024.
