HARTFORD, Conn., Feb. 1, 2021 /PRNewswire/ -- Virtus
AllianzGI Artificial Intelligence & Technology Opportunities
Fund (NYSE: AIO) (formerly AllianzGI Artificial Intelligence
& Technology Opportunities Fund), Virtus AllianzGI Convertible
& Income Fund (NYSE: NCV) (formerly AllianzGI Convertible &
Income Fund), Virtus AllianzGI Convertible & Income Fund II
(NYSE: NCZ) )(formerly AllianzGI Convertible & Income Fund II),
Virtus AllianzGI Convertible & Income 2024 Target Term Fund
(NYSE: CBH) (formerly AllianzGI Convertible & Income 2024
Target Term Fund), and Virtus AllianzGI Diversified Income &
Convertible Fund (NYSE: ACV) (formerly AllianzGI Diversified Income
& Convertible Fund) announced the following distribution
declarations on their respective common shares:
Fund
|
Distribution
Per
Common Share
|
Virtus AllianzGI
Artificial Intelligence & Technology Opportunities
Fund
|
$0.1250
|
Virtus AllianzGI
Convertible & Income Fund
|
$0.0425
|
Virtus AllianzGI
Convertible & Income Fund II
|
$0.0375
|
Virtus AllianzGI
Convertible & Income 2024 Target Term Fund
|
$0.0460
|
Virtus AllianzGI
Diversified Income & Convertible Fund
|
$0.1670
|
The distributions will be payable on March 1, 2021 to shareholders of record on
February 11, 2021 with an ex-dividend
date of February 10, 2021.
The amounts 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 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 shareholders a Form
1099-DIV for the calendar year that will tell shareholders what
distributions to report for federal income tax purposes.
About the Funds
Virtus AllianzGI Artificial Intelligence & Technology
Opportunities Fund's investment objective is to provide total
return through a combination of current income, current gains and
long-term capital appreciation. Virtus AllianzGI Convertible &
Income Fund and Virtus AllianzGI Convertible & Income Fund
II each have an investment objective to provide total return
through a combination of capital appreciation and high current
income with income as a secondary objective. Virtus AllianzGI
Convertible & Income 2024 Target Term Fund's investment
objectives are to provide a high level of income and to return at
least $9.835 per common share (the
original net asset value per common share of beneficial interest
before deducting offering costs of $0.02 per share) to holders of common shares on
or about September 1,
2024. Virtus AllianzGI Diversified Income & Convertible
Fund's investment objective is to provide total return through
a combination of current income and capital appreciation, while
seeking to provide downside protection against capital loss.
Virtus Investment Advisers, Inc. became the investment adviser
of each fund other than AIO effective February 1, 2021. Allianz Global
Investors continues to manage each fund other than AIO in a
subadvisory capacity and to be the investment adviser of AIO.
For more information on these funds, contact shareholder
services at 800-254-5197, by email at closedendfunds@virtus.com, or
through the closed-end fund section on the web at
www.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 discount to their net asset value.
For more information about each 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 Allianz Global Investors
Allianz Global Investors or Allianz GI is a leading
active asset manager with over 750 investment professionals in 25
offices worldwide and managing $641
billion in assets for individuals, families and
institutions. The investment team has extensive experience managing
closed-end funds and a differentiated, multi-asset approach based
on fundamental research designed to dynamically allocate across
convertible securities and equities.
About Virtus Investment Partners
Virtus Investment Partners (NASDAQ: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. The
company provides investment management products and services
through its affiliated managers and select subadvisers, each with a
distinct investment style, autonomous investment process, and
individual brand. For
more information, visit www.virtus.com.
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SOURCE Virtus AllianzGI Artificial Intelligence & Technology
Opportunities Fund; Virtus AllianzGI Convertible & Income Fund;
Virtus AllianzGI Convertible & Income Fund II; Virtus AllianzGI
Convertible & Income 2024 Target Term Fund; Virtus AllianzGI
Diversified Income & Convertible Fund