Virtus Diversified Income & Convertible Fund Discloses Sources of Distribution – Section 19(a) Notice
Virtus Diversified Income & Convertible Fund (NYSE: ACV) has announced its monthly distribution of $0.18 per share, payable on January 30, 2025. The Fund operates under a Managed Distribution Plan, aiming to maintain consistent distribution levels. For January 2025, 100% of the distribution ($0.180) comes from Net Realized Short-Term Capital Gains.
The Fund's fiscal year-to-date distribution shows that 25% comes from Net Realized Short-Term Capital Gains and 75% from Return of Capital. Key performance metrics include an 11.34% Average Annual Total Return on NAV for the 5-year period, a 9.60% Annualized Current Distribution Rate, and an 18.10% Fiscal YTD Cumulative Total Return on NAV.
Virtus Diversified Income & Convertible Fund (NYSE: ACV) ha annunciato la sua distribuzione mensile di $0,18 per azione, pagabile il 30 gennaio 2025. Il Fondo opera secondo un Piano di Distribuzione Gestita, con l'obiettivo di mantenere livelli di distribuzione costanti. Per gennaio 2025, il 100% della distribuzione ($0,180) proviene da Guadagni in Capitale a Breve Termine Netti Realizzati.
La distribuzione dell'anno fiscale fino ad oggi mostra che il 25% proviene da Guadagni in Capitale a Breve Termine Netti Realizzati e il 75% da Rimborso di Capitale. I principali indicatori di performance includono un 11,34% di Rendimento Totale Annuale Medio sul NAV per il periodo di 5 anni, un 9,60% di Tasso di Distribuzione Attualizzato Annuale, e un 18,10% di Rendimento Totale Cumulativo Fiscale YTD sul NAV.
Virtus Diversified Income & Convertible Fund (NYSE: ACV) ha anunciado su distribución mensual de $0.18 por acción, pagadera el 30 de enero de 2025. El Fondo opera bajo un Plan de Distribución Gestionada, con el objetivo de mantener niveles de distribución consistentes. Para enero de 2025, el 100% de la distribución ($0.180) proviene de Ganancias de Capital a Corto Plazo Netas Realizadas.
La distribución del año fiscal hasta la fecha muestra que el 25% proviene de Ganancias de Capital a Corto Plazo Netas Realizadas y el 75% de Devolución de Capital. Los principales indicadores de desempeño incluyen un 11.34% de Retorno Total Anual Promedio sobre el NAV durante el período de 5 años, un 9.60% de Tasa de Distribución Actual Anualizada, y un 18.10% de Retorno Total Acumulado Fiscal YTD sobre el NAV.
Virtus Diversified Income & Convertible Fund (NYSE: ACV)는 주당 $0.18의 월 배당금을 발표했으며, 2025년 1월 30일에 지급됩니다. 이 펀드는 관리된 배당 계획에 따라 운영되며, 일관된 배당 수준을 유지하는 것을 목표로 합니다. 2025년 1월의 경우, 배당금의 100%($0.180)는 실현된 단기 자본 이익에서 발생합니다.
회계연도 현재까지의 배당금 분포에 따르면, 25%는 실현된 단기 자본 이익에서 발생하고, 75%는 자본 반환에서 발생합니다. 주요 성과 지표에는 5년 기간 동안 NAV 기준으로 11.34%의 평균 연간 총 수익, 9.60%의 연환산 현재 배당률, 18.10%의 회계 연도 누적 총 수익이 포함됩니다.
Virtus Diversified Income & Convertible Fund (NYSE: ACV) a annoncé sa distribution mensuelle de 0,18 $ par action, payable le 30 janvier 2025. Le Fonds fonctionne selon un Plan de Distribution Gérée, visant à maintenir des niveaux de distribution cohérents. Pour janvier 2025, 100 % de la distribution (0,180 $) provient des Gains en Capital Court Terme Réalisés Nets.
La distribution cumulée depuis le début de l'année fiscale montre que 25 % provient des Gains en Capital Court Terme Réalisés Nets et 75 % du Remboursement de Capital. Les principaux indicateurs de performance incluent un 11,34 % de Rendement Total Annuel Moyen basé sur la NAV sur une période de 5 ans, un 9,60 % de Taux de Distribution Actuel Annualisé, et un 18,10 % de Rendement Total Cumulé depuis le Début de l’Année Fiscale sur la NAV.
Virtus Diversified Income & Convertible Fund (NYSE: ACV) hat seine monatliche Ausschüttung von $0,18 pro Aktie bekannt gegeben, die am 30. Januar 2025 zahlbar ist. Der Fonds operiert unter einem Managed Distribution Plan, der darauf abzielt, konsistente Ausschüttungsniveaus aufrechtzuerhalten. Für Januar 2025 stammen 100% der Ausschüttung ($0,180) aus realisierten kurzfristigen Kapitalgewinnen.
Die Ausschüttung des Fiskaljahres bisher zeigt, dass 25% aus realisierten kurzfristigen Kapitalgewinnen stammen und 75% aus Kapitalrückzahlungen. Die wichtigsten Leistungskennzahlen umfassen eine 11,34% durchschnittliche jährliche Gesamtrendite auf NAV für den Zeitraum von 5 Jahren, eine 9,60% annualisierte aktuelle Ausschüttungsquote und eine 18,10% kumulierte Gesamtrendite des Fiskaljahres bisher auf NAV.
- Strong 18.10% Fiscal YTD Cumulative Total Return on NAV
- Solid 11.34% Average Annual Total Return on NAV for 5-year period
- Consistent monthly distribution of $0.18 per share maintained
- 75% of fiscal YTD distributions constitute return of capital, indicating distributions exceed earnings
- Current distribution fully dependent on capital gains rather than investment income
Ticker |
Amount of Distribution |
Ex-Date/Record Date |
Payable Date |
ACV |
|
January 13, 2025 |
January 30, 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 |
January 2025 (MTD) |
Fiscal Year-to-Date (YTD) (1) |
||||||
(Sources) |
Per Share
|
Percentage
|
Per Share
|
Percentage
|
||||
Net Investment Income |
$ |
- |
0.0 |
% |
$ |
- |
0.0 |
% |
Net Realized Short-Term Capital Gains |
|
0.180 |
100.0 |
% |
|
0.540 |
25.0 |
% |
Net Realized Long-Term Capital Gains |
|
- |
0.0 |
% |
|
- |
0.0 |
% |
Return of Capital (or other Capital Source) |
|
- |
0.0 |
% |
|
1.620 |
75.0 |
% |
Total Distribution |
$ |
0.180 |
100.0 |
% |
$ |
2.160 |
100.0 |
% |
(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.
December 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 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.
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For Further Information:
Shareholder Services
(866) 270-7788
closedendfunds@virtus.com
Source: Virtus Diversified Income & Convertible Fund
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