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Virtus Dividend, Interest & Premium Strategy Fund (NFJ) is a distinguished Massachusetts-based business trust, committed to delivering significant investment returns. The fund's primary objective is to seek current income and gains, while its secondary goal is long-term capital appreciation. To achieve these objectives, the fund invests in a diversified portfolio of dividend-paying common stocks and income-producing convertible securities. This strategic approach ensures a balanced mix of stability and growth potential, catering to various investor needs.
Virtus Dividend, Interest & Premium Strategy Fund is part of Virtus Investment Partners, which upholds the principles of integrity, quality, and strength. Virtus Investment Partners operates a unique multi-manager asset management business, featuring a collection of individual affiliated managers, each with their own distinctive investment styles and autonomous processes. This structure allows for a broad range of investment strategies and expertise, enhancing the fund's ability to meet its investment objectives.
Recent achievements highlight the fund's robust performance and effective management strategies. As part of its commitment to transparency and client success, Virtus provides comprehensive updates and insights into its operations and financial health, ensuring investors are well-informed and confident in their investment choices.
The fund's proactive approach to managing its diversified portfolio of assets positions it well for sustained success. Current projects focus on optimizing returns through strategic selection of high-quality dividend-paying stocks and income-producing convertible securities. Partnerships with leading financial institutions further bolster the fund's market position and offer additional growth opportunities.
Overall, Virtus Dividend, Interest & Premium Strategy Fund stands out for its disciplined investment approach, strong management, and unwavering commitment to investor success. The fund's strategic focus on dividend and income-producing assets, coupled with its dedication to maintaining high standards of integrity and quality, makes it a compelling choice for investors seeking both income and long-term capital appreciation.
On December 14, 2022, the Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) announced a quarterly distribution of $0.245 per share, with an ex-date of December 9, 2022, record date of December 12, 2022, and payable date of December 23, 2022. The Fund aims to maintain a consistent distribution level, which may involve returns of shareholder capital if net income and realized gains are insufficient. For December 2022, the total distribution sources include 0.0% from net investment income and 100.0% from net long-term capital gains.
The Virtus Dividend, Interest & Premium Strategy Fund (NFJ) has announced a quarterly distribution of $0.245, payable on December 23, 2022, with the ex-date set for December 9, 2022. This follows a previous distribution of $0.245 declared on September 7, 2022. The fund aims to maintain its distribution levels through net investment income and realized capital gains, though shareholders should be aware that any shortfall may come from fund assets, effectively returning capital. The current fiscal year-to-date annualized distribution rate is 7.07%.
On June 7, 2022, the Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) announced a quarterly distribution of $0.245 per share. The ex-date for this distribution is September 9, 2022, with a record date of September 12, 2022 and a payable date of September 23, 2022. This distribution is part of the Fund's Managed Distribution Plan, which aims to maintain steady distribution levels. Shareholders should note that if the Fund's net investment income and capital gains are insufficient, the shortfall may be paid from the Fund's assets, potentially returning capital to shareholders.
Virtus Dividend, Interest & Premium Strategy Fund (NFJ) announced a quarterly distribution of $0.245 per share, payable on June 24, 2022. The distribution will be sourced primarily from net realized short-term capital gains (95.1%) and net investment income (4.9%). The ex-date is set for June 10, 2022, with the record date on June 13, 2022. The fund aims for consistent distributions, which may include returns of capital if income is insufficient. Current fiscal year-to-date annualized distribution rate stands at 6.25%, while cumulative total return on NAV reflects -3.98%.
Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) announced a new managed distribution plan, increasing its quarterly distribution rate to $0.245 per share, a 9% rise from the previous $0.225. This increase will be effective from March 25, 2022, and is part of the fund's commitment to enhance shareholder value. The annualized distribution rate is 6.2% based on a closing market price of $15.73 as of December 16, 2021. The fund aims to provide consistent distributions primarily from net investment income and realized capital gains.
Virtus Dividend, Interest & Premium Strategy Fund (NFJ) and Virtus AllianzGI Equity & Convertible Income Fund (NIE) have announced quarterly distributions of $0.225 and $0.380 per common share, respectively. These distributions will be payable on January 7, 2022, for shareholders of record as of December 20, 2021, with an ex-dividend date of December 17, 2021. The amounts stated are estimates and may vary based on the funds' investment experiences and taxation regulations throughout the fiscal year.
Virtus Dividend, Interest & Premium Strategy Fund (NFJ) and Virtus AllianzGI Equity & Convertible Income Fund (NIE) announced quarterly distributions. NFJ will distribute $0.225 per share, while NIE will distribute $0.380 per share. Payments will be made on September 24, 2021, to shareholders recorded by September 13, 2021, with an ex-dividend date of September 10, 2021. The distribution amounts are estimates and subject to change based on the funds' investment performance and tax regulations.
On June 4, 2021, Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) and Virtus AllianzGI Equity & Convertible Income Fund (NYSE: NIE) announced quarterly distribution declarations. The Virtus Dividend Fund will distribute $0.225 per share, and the AllianzGI Fund will distribute $0.380 per share. Distributions are payable on June 25, 2021, to shareholders of record on June 14, 2021, with an ex-dividend date of June 11, 2021. These amounts are estimates and may change based on the funds' investment experiences.
Virtus Dividend, Interest & Premium Strategy Fund (NFJ) and Virtus AllianzGI Equity & Convertible Income Fund (NIE) announced quarterly distributions of $0.225 and $0.380 per share, respectively. The distributions will be paid on March 26, 2021, to shareholders of record on March 15, with an ex-dividend date of March 12, 2021. It’s important to note that these amounts are estimates and may change based on the funds’ investment experiences and tax regulations. Virtus Investment Advisers became the investment adviser for both funds effective February 1, 2021.
Allianz Global Investors U.S. has announced that effective February 1, 2021, Justin Kass, CFA, will take over as the lead portfolio manager of the AllianzGI Dividend, Interest & Premium Strategy Fund (NYSE: NFJ). He will oversee the Fund's asset allocation among equities, options, and convertible securities. Jeffrey Parker, the former lead manager, will no longer be listed as a portfolio manager. Kris Marca, CFA, will also join the team focusing on equity and option securities. The Fund's investment strategies and objectives remain unchanged, and other current portfolio managers will continue in their roles.
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