Virtus Equity & Convertible Income Fund Announces Distributions and Discloses Sources of Distribution – Section 19(a) Notice
Virtus Equity & Convertible Income Fund (NYSE: NIE) has announced its quarterly distribution under its Managed Distribution Plan. The fund aims to maintain consistent distribution levels that may be sourced from net investment income, realized capital gains, or a combination of both.
Shareholders are advised that if the Fund's aggregate net investment income and realized capital gains are less than the distribution amount, the difference will be distributed from Fund assets, constituting a return of shareholder capital. The Fund emphasizes that distribution estimates are provided for informational purposes only and should not be used to draw conclusions about investment performance.
The actual distribution amounts and sources for tax purposes will be determined based on the Fund's fiscal year investment performance and may be subject to changes based on tax regulations. Shareholders will receive Form 1099-DIV for calendar year tax reporting purposes.
Virtus Equity & Convertible Income Fund (NYSE: NIE) ha annunciato la sua distribuzione trimestrale nell'ambito del Piano di Distribuzione Gestita. Il fondo mira a mantenere livelli di distribuzione coerenti che possono derivare da reddito da investimenti netto, guadagni in conto capitale realizzati, o una combinazione di entrambi.
Si avvisa gli azionisti che se il reddito netto complessivo da investimenti del Fondo e i guadagni in conto capitale realizzati sono inferiori all'importo della distribuzione, la differenza sarà distribuita dalle attività del Fondo, costituendo un ritorno di capitale per gli azionisti. Il Fondo sottolinea che le stime delle distribuzioni sono fornite solo a scopo informativo e non dovrebbero essere utilizzate per trarre conclusioni sulle performance degli investimenti.
Gli importi effettivi delle distribuzioni e le fonti ai fini fiscali saranno determinati in base alle performance di investimento dell'anno fiscale del Fondo e potrebbero essere soggetti a modifiche in base alle normative fiscali. Gli azionisti riceveranno il Modulo 1099-DIV per la segnalazione fiscale dell'anno solare.
Virtus Equity & Convertible Income Fund (NYSE: NIE) ha anunciado su distribución trimestral bajo su Plan de Distribución Administrada. El fondo busca mantener niveles de distribución consistentes que pueden provenir de ingresos netos de inversiones, ganancias de capital realizadas, o una combinación de ambos.
Se informa a los accionistas que si los ingresos netos agregados del fondo y las ganancias de capital realizadas son menores que el monto de la distribución, la diferencia se distribuirá de los activos del fondo, constituyendo un retorno de capital para los accionistas. El fondo enfatiza que las estimaciones de distribución se proporcionan solo con fines informativos y no deben utilizarse para sacar conclusiones sobre el rendimiento de la inversión.
Los montos reales de distribución y las fuentes para fines fiscales se determinarán en función del rendimiento de inversión del año fiscal del fondo y pueden estar sujetos a cambios según las regulaciones fiscales. Los accionistas recibirán el Formulario 1099-DIV para fines de informes fiscales del año calendario.
Virtus Equity & Convertible Income Fund (NYSE: NIE)는 관리 배당 계획에 따라 분기 배당금을 발표했습니다. 이 펀드는 순 투자 소득, 실현된 자본 이익 또는 두 가지의 조합에서 나올 수 있는 일관된 배당 수준을 유지하는 것을 목표로 합니다.
주주들에게 알리면, 펀드의 총 순 투자 소득과 실현된 자본 이익이 배당금보다 적을 경우, 그 차액은 펀드 자산에서 분배되며, 이는 주주 자본의 반환을 구성합니다. 펀드는 배당금 추정치는 정보 제공 목적으로만 제공되며, 투자 성과에 대한 결론을 도출하는 데 사용되지 않아야 한다고 강조합니다.
실제 배당금 금액과 세금 목적의 출처는 펀드의 회계 연도 투자 성과에 따라 결정되며, 세금 규정에 따라 변경될 수 있습니다. 주주들은 회계 연도 세금 보고를 위해 1099-DIV 양식을 받을 것입니다.
Virtus Equity & Convertible Income Fund (NYSE: NIE) a annoncé sa distribution trimestrielle dans le cadre de son Plan de Distribution Géré. Le fonds vise à maintenir des niveaux de distribution cohérents qui peuvent provenir de revenus nets d'investissement, de gains en capital réalisés, ou d'une combinaison des deux.
Les actionnaires sont informés que si les revenus nets d'investissement agrégés du Fonds et les gains en capital réalisés sont inférieurs au montant de la distribution, la différence sera distribuée à partir des actifs du Fonds, constituant un retour de capital pour les actionnaires. Le Fonds souligne que les estimations de distribution sont fournies à titre informatif uniquement et ne doivent pas être utilisées pour tirer des conclusions sur la performance des investissements.
Les montants de distribution réels et les sources à des fins fiscales seront déterminés en fonction de la performance d'investissement de l'exercice fiscal du Fonds et peuvent être soumis à des modifications en fonction des réglementations fiscales. Les actionnaires recevront le formulaire 1099-DIV pour les besoins de déclaration fiscale de l'année civile.
Virtus Equity & Convertible Income Fund (NYSE: NIE) hat seine vierteljährliche Ausschüttung im Rahmen seines verwalteten Ausschüttungsplans bekannt gegeben. Der Fonds zielt darauf ab, konsistente Ausschüttungsniveaus aufrechtzuerhalten, die aus Nettoanlageerträgen, realisierten Kapitalgewinnen oder einer Kombination aus beiden stammen können.
Die Aktionäre werden darauf hingewiesen, dass, wenn die aggregierten Nettoanlageerträge und realisierten Kapitalgewinne des Fonds unter dem Ausschüttungsbetrag liegen, die Differenz aus den Vermögenswerten des Fonds ausgeschüttet wird, was eine Rückzahlung des Aktionärskapitals darstellt. Der Fonds betont, dass die Ausschüttungsschätzungen nur zu Informationszwecken bereitgestellt werden und nicht zur Ableitung von Schlussfolgerungen über die Anlageleistung verwendet werden sollten.
Die tatsächlichen Ausschüttungsbeträge und -quellen für steuerliche Zwecke werden auf Grundlage der Anlageleistung des Geschäftsjahres des Fonds bestimmt und können Änderungen unterliegen, die auf den Steuervorschriften basieren. Die Aktionäre erhalten das Formular 1099-DIV für steuerliche Berichterstattungszwecke des Kalenderjahres.
- None.
- None.
Ticker |
Amount of Distribution |
Ex-Date/Record Date |
Payable Date |
NIE |
|
June 12, 2025 |
June 27, 2025 |
The Fund previously announced the following quarterly distribution on November 20, 2024:
Ticker |
Amount of Distribution |
Ex-Date/Record Date |
Payable Date |
NIE |
|
March 13, 2025 |
March 28, 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 provides this estimate of the sources of its distributions:
Distribution Estimates |
March 2025 (QTD) |
Fiscal Year-to-Date (YTD) (1) |
||||||||
(Sources) |
Per Share
|
Percentage
|
Per Share
|
Percentage
|
||||||
Net Investment Income |
$ |
0.023 |
|
4.6 |
% |
$ |
0.023 |
|
4.6 |
% |
Net Realized Short-Term Capital Gains |
$ |
0.030 |
6.0 |
% |
$ |
0.030 |
6.0 |
% |
||
Net Realized Long-Term Capital Gains |
$ |
0.447 |
|
89.4 |
% |
$ |
0.447 |
|
89.4 |
% |
Return of Capital (or other Capital Source) |
$ |
- |
|
0.0 |
% |
$ |
- |
|
0.0 |
% |
Total Distribution |
$ |
0.500 |
|
100.0 |
% |
$ |
0.500 |
|
100.0 |
% |
(1) |
|
Fiscal year started February 1, 2025. |
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.
February 28,2025 |
|
|
Average Annual Total Return on NAV for the 5-year period (2) |
12.34 |
% |
Annualized Current Distribution Rate (3) |
1.93 |
% |
Fiscal YTD Cumulative Total Return on NAV (4) |
-2.41 |
% |
Fiscal YTD Cumulative Distribution Rate (5) |
7.73 |
% |
(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 Equity & Convertible Income Fund is a diversified closed-end fund that seeks total return comprised of capital appreciation, current income, and gains. Under normal circumstances, the Fund will invest 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/20250306604343/en/
For Further Information:
Shareholder Services
(866) 270-7788
closedendfunds@virtus.com
Source: Virtus Equity & Convertible Income Fund
FAQ
What is the Managed Distribution Plan of Virtus Equity & Convertible Income Fund (NIE)?
How will NIE shareholders be informed about the tax implications of distributions?
What happens if NIE's investment income is less than the distribution amount?
How are NIE's distribution sources estimated and reported?
