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Virtus Equity & Convertible Income Fund (NYSE: NIE) has announced its quarterly distribution under its Managed Distribution Plan. The fund aims to maintain consistent distribution levels that may be sourced from net investment income, realized capital gains, or a combination of both.
Shareholders are advised that if the Fund's aggregate net investment income and realized capital gains are less than the distribution amount, the difference will be distributed from Fund assets, constituting a return of shareholder capital. The Fund emphasizes that distribution estimates are provided for informational purposes only and should not be used to draw conclusions about investment performance.
The actual distribution amounts and sources for tax purposes will be determined based on the Fund's fiscal year investment performance and may be subject to changes based on tax regulations. Shareholders will receive Form 1099-DIV for calendar year tax reporting purposes.
Virtus Equity & Convertible Income Fund (NYSE: NIE) has announced a quarterly distribution of $0.50 per share, payable on December 30, 2024. The fund's distribution sources for December 2024 consist entirely of net realized short-term capital gains. For the fiscal year-to-date, distributions include 69.1% from short-term gains, 6% from long-term gains, 1.7% from net investment income, and 23.2% return of capital.
The Fund's performance metrics show a 12.31% average annual total return on NAV for the 5-year period, with a current annualized distribution rate of 7.45%. The fiscal YTD cumulative total return on NAV stands at 19.68%.
Virtus Equity & Convertible Income Fund (NYSE: NIE) has announced quarterly distributions of $0.50 per share, payable on December 30, 2024, and March 28, 2025. The Fund's distribution sources include 57.5% from net realized short-term capital gains and 42.5% from net realized long-term capital gains for the current quarter. The Fund's 5-year average annual total return on NAV is 11.67%, with a current annualized distribution rate of 7.96%. Year-to-date, the Fund has achieved a cumulative total return on NAV of 12.01%.
Virtus Equity & Convertible Income Fund (NYSE: NIE) has announced a quarterly distribution of $0.50 per share, payable on September 26, 2024. The fund operates under a Managed Distribution Plan, aiming to maintain consistent distribution levels. For the current distribution, 55.1% comes from net realized short-term capital gains, and 44.9% from net realized long-term capital gains. The fund's 5-year average annual total return on NAV is 11.30%, with an annualized current distribution rate of 7.99%. The fiscal YTD cumulative total return on NAV is 9.32%, with a cumulative distribution rate of 6.00%.
Virtus Equity & Convertible Income Fund (NYSE: NIE) announced a quarterly distribution of $0.50 per share with key dates: Ex-Date and Record Date on June 13, 2024, and Payable Date on June 27, 2024. The Managed Distribution Plan aims to maintain consistent distribution levels sourced from net investment income, realized capital gains, or fund assets, potentially returning a portion of the capital. Performance metrics include a 5-year average annual total return on NAV of 12.33%, a current annualized distribution rate of 8.03%, and a fiscal YTD cumulative total return on NAV of 6.66%. Notably, a substantial portion of the distribution is attributed to the return of capital.
Virtus Equity & Convertible Income Fund (NYSE: NIE) announced a quarterly distribution of $0.50 per share, with an ex-date of June 9, 2023, record date of June 12, 2023, and payable date of June 23, 2023. This distribution is consistent with the Fund's Managed Distribution Plan, which aims to maintain stable distribution levels from net investment income and realized capital gains. Shareholders should be aware that some of this distribution may represent a return of capital, affecting overall investment performance. The Fund's fiscal year-to-date cumulative total return on NAV is -2.27%.
