Virtus Dividend, Interest & Premium Strategy Fund And Virtus AllianzGI Equity & Convertible Income Fund Declare Quarterly Distributions
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.
- Quarterly distribution of $0.225 for NFJ and $0.380 for NIE may attract income-focused investors.
- Scheduled payment date of September 24, 2021, indicates consistent return to shareholders.
- None.
HARTFORD, Conn., Sept. 3, 2021 /PRNewswire/ -- Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) and Virtus AllianzGI Equity & Convertible Income Fund (NYSE: NIE) announced the following distribution declarations on their respective common shares:
Fund | Distribution Per Common Share |
Virtus Dividend, Interest & Premium Strategy Fund | |
Virtus AllianzGI Equity & Convertible Income Fund |
The distributions will be payable on September 24, 2021 to shareholders of record on September 13, 2021 with an ex-dividend date of September 10, 2021.
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 Dividend, Interest & Premium Strategy Fund seeks current income and gains, with a secondary objective of long-term capital appreciation. Virtus AllianzGI Equity & Convertible Income Fund's investment objective is to seek total return comprised of capital appreciation, current income and gains.
Virtus Investment Advisers, Inc. became the investment adviser of each fund effective February 1, 2021. Allianz Global Investors (AllianzGI) and NFJ Investment Group co-manage NFJ, and AllianzGI manages NIE, each in a subadvisory capacity.
For more information on these funds, contact shareholder services at 800-254-5197, by email at closedendfunds@virtus.com, or through the closed-end fund section on the web at www.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 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 Allianz Global Investors
Allianz Global Investors or Allianz GI is a leading active asset manager with over 750 investment professionals in 25 offices worldwide and manages assets for individuals, families and institutions. The investment team has extensive experience managing closed-end funds and a differentiated, multi-asset approach based on fundamental research designed to dynamically allocate across convertible securities and equities.
About NFJ Investment Group
NFJ Investment Group, an affiliated manager of Virtus Investment Partners, is a global value equity manager with a rich heritage and deep roots in Dallas, dating to 1989. NFJ is unwavering in its commitment to investing at the intersection of value, quality, and shareholder yield, seeking to identify companies with the strongest prospects for returning capital to shareholders and with low market expectations.
About Virtus Investment Partners
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. The company provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process, and individual brand. For more information, visit www.virtus.com.
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SOURCE Virtus Dividend, Interest & Premium Strategy Fund; Virtus AllianzGI Equity & Convertible Income Fund
FAQ
What is the distribution amount for NFJ and NIE?
When is the payment date for the distributions?
What is the ex-dividend date for NFJ and NIE?
Are the distribution amounts final?
What should shareholders expect for tax reporting?
