Virtus Dividend, Interest & Premium Strategy Fund Announces Special Year-End Distribution and Discloses Sources of Distribution - Section 19(a) Notice
Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) announced a special year-end distribution of $0.0165 per share, with an ex-date of December 29, 2022, record date December 30, 2022, and payable date January 10, 2023. This distribution is in addition to the regular quarterly payments and is due to federal tax requirements. The fund’s total distribution for the fiscal year-to-date reached $0.996 per share, showcasing a 7.14% cumulative distribution rate. However, the fund reported a -9.99% cumulative total return on NAV for the fiscal year.
- Special year-end distribution of $0.0165 per share enhances shareholder income.
- Total distribution year-to-date amounts to $0.996 per share, yielding a 7.14% rate.
- Cumulative total return on NAV is down -9.99% for the fiscal year.
HARTFORD, Conn., Dec. 20, 2022 /PRNewswire/ -- Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ), announced the following special year-end distribution on its common shares. This special year-end distribution, which is in addition to the regular quarterly distribution paid on its common shares, is being paid by the Fund pursuant to certain federal tax requirements.
Amount of Distribution | Ex-Date | Record Date | Payable Date |
December 29, 2022 | December 30, 2022 | January 10, 2023 |
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.
The Fund provided this estimate of the sources of the distributions:
Distribution Estimates | Special Year-End | Fiscal Year-to-Date | |||
(Sources) | Per Share Amount | Percentage | Per Share | Percentage of Current | |
Net Investment Income | $ - | 0.0 % | $ 0.013 | 1.3 % | |
Net Realized Short-Term Capital Gains | $ - | 0.0 % | $ 0.364 | 36.5 % | |
Net Realized Long-Term Capital Gains | $ 0.016 | 100.0 % | $ 0.619 | 62.2 % | |
Return of Capital (or other Capital Source) | $ - | 0.0 % | $ - | 0.0 % | |
Total Distribution | $ 0.016 | 100.0 % | $ 0.996 | 100.0 % | |
(1) | Fiscal year started February 1, 2022 |
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 NAV and not the market price of the Fund's shares. Performance figures are not meant to represent individual shareholder performance. 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.
November 30, 2022 | |||
Average Annual Total Return on NAV for the 5-year period (2) | 5.18 % | ||
Annualized Current Distribution Rate (3) | 7.02 % | ||
Fiscal YTD Cumulative Total Return on NAV (4) | -9.99 % | ||
Fiscal YTD Cumulative Distribution Rate (5) | 7.14 % | ||
(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 quarterly distribution rate ( | ||
(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 expected to be paid from the first day of the fiscal year through January 31, 2023 as a percentage of the Fund's NAV at month end. The Fiscal YTD Cumulative Distribution Rate would be | ||
Virtus Dividend, Interest & Premium Strategy Fund is a diversified closed-end fund that seeks current income and gains, with long-term capital appreciation as a secondary objective. The Fund will generally invest approximately
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.
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 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.
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SOURCE Virtus Dividend, Interest & Premium Strategy Fund
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