Virtus AllianzGI Convertible & Income Fund Declares Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares
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.
- Declared cash distribution of $0.3515625 per share.
- Annual dividend rate of $1.40625 per share.
- Series A shares are rated 'A' by Fitch Ratings.
- None.
HARTFORD, Conn., Dec. 1, 2021 /PRNewswire/ -- Virtus AllianzGI Convertible & Income Fund (NYSE: NCV), announced today that it has declared a
The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCV PR A, are rated "A" by Fitch Ratings and have an annual dividend rate of
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 Fund
Virtus AllianzGI Convertible & Income Fund has an investment objective to provide total return through a combination of capital appreciation and high current income with income as a secondary objective. Virtus Investment Advisers, Inc. became the investment adviser of the fund effective February 1, 2021. Allianz Global Investors continues to manage the fund in a subadvisory capacity. For more information on this fund, 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 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 AllianzGI Convertible & Income Fund
FAQ
What is the recent cash distribution declared by Virtus AllianzGI Convertible & Income Fund (NCV)?
When will the distribution for Series A cumulative preferred shareholders be paid?
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What dividend rate do the Series A cumulative preferred shares have?
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