Virtus Diversified Income & Convertible Fund Discloses Sources of Distribution – Section 19(a) Notice
Virtus Diversified Income & Convertible Fund (NYSE: ACV) has announced a monthly distribution of $0.18 per share, payable on September 26, 2024. The fund operates under a Managed Distribution Plan, aiming to maintain consistent distribution levels. However, the current distribution is estimated to be 100% return of capital, as the fund has distributed more than its income and capital gains.
Key performance metrics for ACV include:
- 5-year Average Annual Total Return on NAV: 11.89%
- Annualized Current Distribution Rate: 9.85%
- Fiscal YTD Cumulative Total Return on NAV: 11.47%
- Fiscal YTD Cumulative Distribution Rate: 5.75%
Shareholders are advised that this distribution may not reflect the fund's actual investment performance and should not be confused with 'yield' or 'income'.
Il Virtus Diversified Income & Convertible Fund (NYSE: ACV) ha annunciato una distribuzione mensile di $0.18 per azione, pagabile il 26 settembre 2024. Il fondo opera secondo un Piano di Distribuzione Gestita, mirando a mantenere livelli di distribuzione costanti. Tuttavia, la distribuzione attuale è stimata essere 100% restituzione di capitale, poiché il fondo ha distribuito più del suo reddito e guadagni di capitale.
I principali indicatori di prestazione per ACV includono:
- Rendimento Totale Annuale Medio a 5 anni sul NAV: 11.89%
- Aliquota di Distribuzione Corrente Annualizzata: 9.85%
- Rendimento Totale Cumulativo a YTD Fiscale sul NAV: 11.47%
- Aliquota di Distribuzione Cumulativa a YTD Fiscale: 5.75%
Si consiglia agli azionisti che questa distribuzione potrebbe non riflettere le reali performance di investimento del fondo e non dovrebbe essere confusa con 'rendimento' o 'reddito'.
El Virtus Diversified Income & Convertible Fund (NYSE: ACV) ha anunciado una distribución mensual de $0.18 por acción, pagadera el 26 de septiembre de 2024. El fondo opera bajo un Plan de Distribución Administrada, con el objetivo de mantener niveles de distribución consistentes. Sin embargo, se estima que la distribución actual es 100% devolución de capital, ya que el fondo ha distribuido más de sus ingresos y ganancias de capital.
Los principales indicadores de rendimiento para ACV incluyen:
- Rendimiento Total Anual Promedio a 5 años sobre el NAV: 11.89%
- Tasa de Distribución Corriente Anualizada: 9.85%
- Rendimiento Total Acumulado YTD Fiscal sobre el NAV: 11.47%
- Tasa de Distribución Acumulativa YTD Fiscal: 5.75%
Se aconseja a los accionistas que esta distribución puede no reflejar el rendimiento real de la inversión del fondo y no debe confundirse con 'rendimiento' o 'ingreso'.
버투스 다각화 소득 및 전환 펀드 (NYSE: ACV)는 주당 $0.18의 월 배당금을 2024년 9월 26일 지급할 것이라고 발표했습니다. 이 펀드는 관리 배당 계획에 따라 운영되며, 일관된 배당 수준을 유지하는 것을 목표로 하고 있습니다. 그러나 현재 배당금은 100% 자본의 반환으로 추정되며, 이는 펀드가 수익과 자본 이익을 초과하여 분배했기 때문입니다.
ACV의 주요 성과 지표는 다음과 같습니다:
- 5년 평균 연간 총 수익률(NAV 기준): 11.89%
- 연환산 현재 배당률: 9.85%
- 회계 연도까지의 누적 총 수익률(NAV 기준): 11.47%
- 회계 연도까지의 누적 배당률: 5.75%
주주들은 이 배당금이 펀드의 실제 투자 성과를 반영하지 않을 수 있으며 '수익' 또는 '소득'과 혼동되지 않아야 한다고 권고합니다.
Le Virtus Diversified Income & Convertible Fund (NYSE: ACV) a annoncé une distribution mensuelle de 0,18 $ par action, payable le 26 septembre 2024. Le fonds opère selon un Plan de Distribution Géré, visant à maintenir des niveaux de distribution constants. Cependant, la distribution actuelle est estimée à 100 % de retour de capital, car le fonds a distribué plus que ses revenus et ses plus-values.
Les principaux indicateurs de performance pour ACV incluent :
- Rendement Total Annuel Moyen sur 5 ans sur NAV : 11,89 %
- Taux de Distribution Actuel Annualisé : 9,85 %
- Rendement Total Cumulé YTD Fiscale sur NAV : 11,47 %
- Taux de Distribution Cumulé YTD Fiscale : 5,75 %
Il est conseillé aux actionnaires que cette distribution peut ne pas refléter la performance d'investissement réelle du fonds et ne doit pas être confondue avec 'rendement' ou 'revenu'.
Der Virtus Diversified Income & Convertible Fund (NYSE: ACV) hat eine monatliche Ausschüttung von $0.18 pro Aktie angekündigt, die am 26. September 2024 zahlbar ist. Der Fonds operiert unter einem Managed Distribution Plan, der darauf abzielt, konsistente Ausschüttungslevels aufrechtzuerhalten. Die aktuelle Ausschüttung wird jedoch auf 100% Kapitalrückzahlung geschätzt, da der Fonds mehr als seines Einkommens und seiner Kapitalgewinne verteilt hat.
Die wichtigsten Leistungskennzahlen für ACV umfassen:
- 5-jährige durchschnittliche jährliche Gesamtrendite auf NAV: 11.89%
- Aktuelle annualisierte Ausschüttungsrate: 9.85%
- Fiskalisch bis heute kumulierte Gesamtrendite auf NAV: 11.47%
- Fiskalisch bis heute kumulierte Ausschüttungsrate: 5.75%
Aktionär*innen wird geraten, dass diese Ausschüttung möglicherweise nicht die tatsächliche Investmentperformance des Fonds widerspiegelt und nicht mit 'Rendite' oder 'Einkommen' verwechselt werden sollte.
- 5-year Average Annual Total Return on NAV of 11.89%
- Fiscal YTD Cumulative Total Return on NAV of 11.47%
- Annualized Current Distribution Rate of 9.85%
- 100% of the current distribution is estimated to be return of capital
- Fund has distributed more than its income and capital gains
Ticker |
Amount of Distribution |
Ex-Date |
Record Date |
Payable Date |
ACV |
|
September 13, 2024 |
September 13, 2024 |
September 26, 2024 |
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 |
September 2024 (MTD) |
Fiscal Year-to-Date (YTD) (1) |
||||
(Sources) |
Per Share Amount |
Percentage of Current Distribution |
Per Share Amount |
Percentage of Current Distribution |
||
Net Investment Income |
$ |
- |
|
$ |
- |
|
Net Realized Short-Term Capital Gains |
|
- |
|
|
- |
|
Net Realized Long-Term Capital Gains |
|
- |
|
|
- |
|
Return of Capital (or other Capital Source) |
|
0.180 |
|
|
1.440 |
|
Total Distribution |
$ |
0.180 |
|
$ |
1.440 |
|
(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.
August 30, 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 from the first day of the fiscal year to this month 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 Diversified Income & Convertible Fund is a diversified closed-end fund that seeks to provide total return through a combination of current income and capital appreciation, while seeking to provide downside protection against capital loss. The Fund strives to dynamically allocate across convertibles, equities, and income-producing securities. The Fund normally invests at least
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 NAV. 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240924518657/en/
For Further Information:
Shareholder Services
(866) 270-7788
closedendfunds@virtus.com
Source: Virtus Diversified Income & Convertible Fund
FAQ
What is the monthly distribution amount for Virtus Diversified Income & Convertible Fund (ACV)?
When is the payable date for ACV's September 2024 distribution?
What is the source of ACV's current distribution?
What is ACV's 5-year Average Annual Total Return on NAV as of August 30, 2024?
What is the Fiscal YTD Cumulative Distribution Rate for ACV?
