Virtus Dividend, Interest & Premium Strategy Fund Discloses Sources of Distribution – Section 19(a) Notice
Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) has announced its quarterly distribution of $0.305 per share, payable on December 30, 2024. The distribution sources include: 38.4% from net realized short-term capital gains, 15.4% from net realized long-term capital gains, and 46.2% from return of capital. The Fund's performance metrics show an 8.39% average annual total return on NAV for the 5-year period and an 8.01% annualized current distribution rate. The fiscal YTD cumulative total return on NAV stands at 13.69%, with a cumulative distribution rate of 7.68%.
Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) ha annunciato la sua distribuzione trimestrale di $0.305 per azione, pagabile il 30 dicembre 2024. Le fonti della distribuzione includono: 38,4% da guadagni di capitale netti a breve termine realizzati, 15,4% da guadagni di capitale netti a lungo termine realizzati, e 46,2% da rimborso di capitale. I parametri di performance del fondo mostrano un 8,39% di rendimento totale medio annuo sul NAV per il periodo di 5 anni e un 8,01% di tasso di distribuzione attuale annualizzato. Il rendimento totale cumulativo fino ad oggi fiscale sul NAV è del 13,69%, con un tasso di distribuzione cumulativo del 7,68%.
Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) ha anunciado su distribución trimestral de $0.305 por acción, que se pagará el 30 de diciembre de 2024. Las fuentes de la distribución incluyen: 38,4% de ganancias de capital netas a corto plazo realizadas, 15,4% de ganancias de capital netas a largo plazo realizadas, y 46,2% de devolución de capital. Las métricas de rendimiento del fondo muestran un 8,39% de retorno total anual promedio sobre el NAV durante el periodo de 5 años y un 8,01% de tasa de distribución anualizada actual. El retorno total acumulativo del año fiscal hasta la fecha sobre el NAV es del 13,69%, con una tasa de distribución acumulativa del 7,68%.
Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ)는 $0.305의 분기 배당금을 2024년 12월 30일에 지급할 것이라고 발표했습니다. 배당금의 출처는 단기 자본 이득의 38.4%, 장기 자본 이득의 15.4%, 자본 환급의 46.2%입니다. 펀드의 성과 지표는 5년 기간 동안 NAV에 대해 8.39%의 평균 연간 총 수익률을 기록했으며, 8.01%의 연환산 현재 배당률을 보입니다. 회계 연도 현재 NAV에 대한 누적 총 수익률은 13.69%이며, 누적 배당률은 7.68%입니다.
Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) a annoncé sa distribution trimestrielle de $0.305 par action, payable le 30 décembre 2024. Les sources de la distribution incluent : 38,4% de gains en capital courts nets réalisés, 15,4% de gains en capital longs nets réalisés, et 46,2% de retour de capital. Les indicateurs de performance du fonds montrent un 8,39% de rendement total moyen annuel sur le NAV pour la période de 5 ans et un 8,01% de taux de distribution actuel annualisé. Le rendement total cumulé depuis le début de l'exercice fiscal sur le NAV s'élève à 13,69%, avec un taux de distribution cumulatif de 7,68%.
Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) hat seine vierteljährliche Ausschüttung von $0.305 pro Aktie angekündigt, die am 30. Dezember 2024 ausgezahlt werden soll. Die Quellen der Ausschüttung umfassen: 38,4% aus realisierten Netto-Kurzzeitgewinnen, 15,4% aus realisierten Netto-Langzeitgewinnen und 46,2% aus Rückflüssen von Kapital. Die Leistungskennzahlen des Fonds zeigen eine 8,39% durchschnittliche jährliche Gesamtrendite auf den NAV über den Zeitraum von 5 Jahren und einen 8,01% annualisierten aktuellen Ausschüttungssatz. Die kumulierte Gesamtrendite seit Jahresbeginn auf den NAV beträgt 13,69% mit einem kumulierten Ausschüttungssatz von 7,68%.
- Strong 5-year average annual total return of 8.39% on NAV
- Healthy fiscal YTD cumulative total return of 13.69%
- Consistent quarterly distribution maintained at $0.305 per share
- 53.8% of distribution comes from realized capital gains
- 46.2% of current distribution represents return of capital, not actual earnings
- No net investment income contribution to current quarterly distribution
- Distribution may exceed Fund's actual income and realized gains
Ticker |
Amount of Distribution |
Ex-Date/Record Date |
Payable Date |
NFJ |
|
December 12, 2024 |
December 30, 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 updated estimate of the sources of its distributions:
Distribution Estimates |
December 2024 (QTD) |
Fiscal Year-to-Date
|
||||||
(Sources) |
Per Share Amount |
Percentage of Current Distribution |
Per Share Amount |
Percentage of Current Distribution |
||||
Net Investment Income |
$ |
- |
0.0 |
% |
$ |
0.150 |
12.8 |
% |
Net Realized Short-Term Capital Gains |
$ |
0.117 |
38.4 |
% |
$ |
0.199 |
17.0 |
% |
Net Realized Long-Term Capital Gains |
$ |
0.047 |
15.4 |
% |
$ |
0.569 |
48.7 |
% |
Return of Capital (or other Capital Source) |
$ |
0.141 |
46.2 |
% |
$ |
0.252 |
21.5 |
% |
Total Distribution |
$ |
0.305 |
100.0 |
% |
$ |
1.170 |
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.
November 29, 2024 |
|
|
Average Annual Total Return on NAV for the 5-year period (2) |
8.39 |
% |
Annualized Current Distribution Rate (3) |
8.01 |
% |
Fiscal YTD Cumulative Total Return on NAV (4) |
13.69 |
% |
Fiscal YTD Cumulative Distribution Rate (5) |
7.68 |
% |
(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 expected to be paid from the first day of the fiscal year through the next calendar quarter 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 Dividend, Interest & Premium Strategy Fund is a diversified closed-end fund that seeks current income and gains, with long-term capital appreciation as a secondary objective. The Fund will generally invest approximately
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 net asset value. 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/20241227951515/en/
For Further Information:
Shareholder Services
(866) 270-7788
closedendfunds@virtus.com
Source: Virtus Dividend, Interest and Premium Strategy Fund
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