Virtus Dividend, Interest & Premium Strategy Fund Announces Distributions and Discloses Sources of Distribution – Section 19(a) Notice
Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) has announced quarterly distributions of $0.305 per share, payable on December 30, 2024, and March 28, 2025. The Fund's distribution sources include: 74.3% return of capital, 15.5% net realized short-term capital gains, and 10.2% net realized long-term capital gains for the current quarter. The Fund reports a 7.78% average annual total return on NAV for the 5-year period and an 8.47% annualized current distribution rate. The fiscal YTD cumulative total return on NAV stands at 7.50%, with a cumulative distribution rate of 8.13%.
Il Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) ha annunciato distribuzioni trimestrali di $0.305 per azione, che saranno pagate il 30 dicembre 2024 e il 28 marzo 2025. Le fonti di distribuzione del Fondo includono: 74,3% di ritorno di capitale, 15,5% di guadagni in conto capitale netti realizzati a breve termine e 10,2% di guadagni in conto capitale netti realizzati a lungo termine per il trimestre attuale. Il Fondo riporta un ritorno totale medio annuo del 7,78% sul NAV per il periodo di 5 anni e un tasso di distribuzione attuale annualizzato dell'8,47%. Il rendimento cumulativo totale YTD sul NAV si attesta al 7,50%, con un tasso di distribuzione cumulativa del 8,13%.
El Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) ha anunciado distribuciones trimestrales de $0.305 por acción, que serán pagadas el 30 de diciembre de 2024 y el 28 de marzo de 2025. Las fuentes de distribución del Fondo incluyen: 74.3% de retorno de capital, 15.5% de ganancias de capital netas realizadas a corto plazo y 10.2% de ganancias de capital netas realizadas a largo plazo para el trimestre actual. El Fondo reporta un retorno total promedio anual del 7.78% sobre el NAV durante el período de 5 años y un tasa de distribución actual anualizada del 8.47%. El rendimiento total acumulado YTD sobre el NAV se sitúa en el 7.50%, con una tasa de distribución acumulada del 8.13%.
Virtus 배당금, 이자 및 프리미엄 전략 기금 (NYSE: NFJ)가 주당 $0.305의 분기 배당금을 발표하였으며, 이는 2024년 12월 30일과 2025년 3월 28일에 지급될 예정입니다. 기금의 배당금 출처는 다음과 같습니다: 74.3% 자본 회수, 15.5% 단기 실현 순 자본 이익 및 10.2% 장기 실현 순 자본 이익입니다. 기금은 5년 동안 NAV에 대한 연평균 총수익률 7.78%을 보고하고 있으며, 현재 연화 배당률 8.47%을 기록하고 있습니다. 회계연도 누적 총수익률은 NAV에 대해 7.50%에 이르며, 누적 배당률은 8.13%입니다.
Le Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) a annoncé des distributions trimestrielles de $0.305 par action, qui seront payées le 30 décembre 2024 et le 28 mars 2025. Les sources de distribution du Fonds comprennent : 74,3 % de retour de capital, 15,5 % de gains en capital nets réalisés à court terme et 10,2 % de gains en capital nets réalisés à long terme pour le trimestre en cours. Le Fonds rapporte un retour total moyen annuel de 7,78 % sur le NAV pour la période de 5 ans et un taux de distribution actuel annualisé de 8,47 %. Le rendement total cumulé depuis le début de l'année sur le NAV est de 7,50 %, avec un taux de distribution cumulé de 8,13 %.
Der Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) hat vierteljährliche Ausschüttungen in Höhe von $0.305 pro Aktie angekündigt, die am 30. Dezember 2024 und am 28. März 2025 ausgezahlt werden. Die Ausschüttungsquellen des Fonds umfassen: 74,3% Rückzahlung des Kapitals, 15,5% netto realisierte Kapitalgewinne aus kurzfristigen Anlagen und 10,2% netto realisierte Kapitalgewinne aus langfristigen Anlagen für das aktuelle Quartal. Der Fonds berichtet über eine durchschnittliche jährliche Gesamtrendite von 7,78% auf das NAV über einen Zeitraum von 5 Jahren und einen aktualisierten annualisierten Ausschüttungssatz von 8,47%. Die kumulierte Gesamtrendite YTD auf das NAV beträgt 7,50%, mit einem kumulierten Ausschüttungssatz von 8,13%.
- 5-year average annual total return on NAV of 7.78%
- Strong annualized current distribution rate of 8.47%
- Fiscal YTD cumulative total return on NAV of 7.50%
- 47.3% of YTD distributions came from realized long-term capital gains
- 74.3% of current distribution represents return of capital, not actual earnings
- Only 25.7% of current distribution comes from actual gains
- Zero net investment income for current distribution period
Ticker |
Amount of Distribution |
Ex-Date/Record Date |
Payable Date |
NFJ |
|
December 12, 2024 |
December 30, 2024 |
NFJ |
|
March 13, 2025 |
March 28, 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 provides this estimate of the sources of its distributions:
Distribution Estimates |
December 2024 (QTD) |
Fiscal Year-to-Date
|
||||
(Sources) |
Per Share
|
Percentage
|
Per Share
|
Percentage
|
||
Net Investment Income |
$ |
- |
|
$ |
0.150 |
|
Net Realized Short-Term Capital Gains |
$ |
0.047 |
|
$ |
0.129 |
|
Net Realized Long-Term Capital Gains |
$ |
0.031 |
|
$ |
0.553 |
|
Return of Capital (or other Capital Source) |
$ |
0.227 |
|
$ |
0.338 |
|
Total Distribution |
$ |
0.305 |
|
$ |
1.170 |
|
(1) Fiscal year started February 1, 2024. |
||||||
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.
October 31, 2024 |
|
|
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 expected to be paid from the first day of the fiscal year through the next calendar quarter 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 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.
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 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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For Further Information:
Shareholder Services
(866) 270-7788
closedendfunds@virtus.com
Source: Virtus Dividend, Interest and Premium Strategy Fund
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