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The Board of Directors of Duff & Phelps Utility and Infrastructure Fund (NYSE: DPG) has approved a dividend of 35 cents per share to be paid on March 31, 2022, with an ex-date of March 14 and record date of March 15. This dividend payment is part of the Fund's Managed Distribution Plan, established in 2015, which aims to provide consistent distributions by utilizing available investment income and, if insufficient, realized capital gains or return of capital. As of November 30, 2021, the fund reported a 10.57% annualized distribution rate on NAV.
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 Investment Partners reported preliminary assets under management (AUM) of $184.5 billion as of November 30, 2021. The company also manages $3.7 billion in other fee-earning assets not included in AUM. The breakdown of AUM by product type shows a decrease in open-end funds from $79.875 billion in October to $77.609 billion in November. Institutional accounts and structured products, however, showed stability with minimal fluctuations. This reporting offers insights into Virtus' investment management performance.
Virtus Total Return Fund Inc. (NYSE: ZTR) announced a monthly distribution of $0.08 per share, payable on December 20, 2021. The distribution will be allocated from net investment income, realized capital gains, or a combination thereof. However, shareholders should be aware that a portion of this distribution may come from the Fund's assets, constituting a return of capital, which does not necessarily reflect the Fund’s performance. As of November 30, 2021, the Fund's YTD annualized distribution rate was 10.76%, with a cumulative total return of 6.36%.
Virtus Investment Partners (NASDAQ: VRTS) has declared a quarterly cash dividend of $1.50 per common share for the fourth quarter of 2021. The dividend is set to be paid on February 11, 2022, to shareholders on record as of January 28, 2022. Future dividends will depend on the Board of Directors' approval.
As a multi-boutique asset management firm, Virtus Investment Partners focuses on long-term success for individual and institutional investors through a diverse range of affiliated investment managers.
Virtus AllianzGI Convertible & Income Fund (NCV) has declared a cash distribution of $0.3515625 per share for its Series A cumulative preferred shareholders. This payment will be made on December 31, 2021, to shareholders of record as of December 13, 2021. The Series A shares, trading under the symbol NCV PR A, were issued at $25.00 each and carry an annual dividend rate of $1.40625. The fund's distributions are subject to changes based on the fund's investment performance and tax regulations.
Virtus AllianzGI Convertible & Income Fund II (NCZ) has declared a cash distribution of $0.34375 per share for Series A cumulative preferred shareholders, payable on December 31, 2021. This distribution pertains to the accrual period from October 1, 2021, through December 31, 2021, with shareholders of record on December 13, 2021. The Series A shares, rated 'A' by Fitch Ratings, have an annual dividend rate of $1.375 and were issued at $25.00 per share. The shares will be callable post a five-year non-call period ending on September 11, 2023.
Virtus Total Return Fund Inc. (NYSE: ZTR) announced monthly distributions of $0.08 per share for December 2021 through March 2022. The ex-dates for these distributions are set between December 10, 2021, and March 10, 2022, with payable dates following shortly after. The Fund aims to maintain a consistent level of distributions, which may include a return of capital if net income and capital gains are insufficient. For the fiscal year to date, the Fund has a current distribution rate of 10.25% and has distributed more than its income, indicating that a portion may be a return of capital.
Virtus Global Multi-Sector Income Fund (NYSE: VGI) has announced the removal of its managed distribution plan, effective December 2021. The fund will continue to pay $0.08 per share in monthly distributions. This decision follows the elimination of an option overlay strategy that was part of the fund's investment approach since 2015, potentially lowering fund expenses. Future distributions will depend on net investment income and capital gains, with a supplemental distribution announcement planned for January 3, 2022.
Virtus Investment Partners reported preliminary assets under management (AUM) of $187.4 billion as of October 31, 2021. This figure includes $5.1 billion from the recent acquisition of Westchester Capital Management. The company also managed $3.8 billion in additional fee-earning assets. Key figures by product type include $79.9 billion in open-end funds and $43.3 billion in retail separate accounts, reflecting a growth from $177.3 billion in AUM in September 2021.
