Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares
September 03 2024 - 4:15PM
Business Wire
Virtus Convertible & Income Fund (NYSE: NCV) announced today
that it has declared a $0.3515625 per share cash distribution
payable on September 30, 2024 to Series A cumulative preferred
shareholders of record on September 13, 2024.
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 $1.40625 per
share. The 4,000,000 Series A Cumulative Preferred Shares were
issued September 20, 2018 at $25.00 per share and pay distributions
quarterly. This distribution represents the accrual period from
July 1, 2024 through September 30, 2024. The Series A Cumulative
Preferred Shares are now callable at any time at the liquidation
value of $25.00 per share plus accrued dividends.
About the Fund Virtus Convertible & Income Fund has
an investment objective to provide total return through a
combination of capital appreciation and high current income. Virtus
Investment Advisers, Inc. is the investment adviser to the fund and
Voya Investment Management is its subadviser.
For more information on this fund, contact shareholder services
at (866) 270-7788, by email at closedendfunds@virtus.com, or
through the Closed-End Funds section on the web at 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.
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Shareholder Services (866) 270-7788
closedendfunds@virtus.com
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