HARTFORD, Conn., Sept. 1, 2021 /PRNewswire/ -- Virtus
AllianzGI Convertible & Income Fund (NYSE: NCV), announced
today that it has declared a $0.3515625 per share cash distribution payable on
September 30, 2021 to Series A
cumulative preferred shareholders of record on September 13, 2021.
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 will pay distributions
quarterly. This distribution represents the accrual period from
July 1, 2021 through September 30, 2021. The Series A Cumulative
Preferred Shares will be callable at any time at the liquidation
value of $25.00 per share plus
accrued dividends from and after the expiration of a five-year
non-call period on September 20,
2023.
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 Fund
Virtus AllianzGI Convertible & Income Fund has an
investment objective to provide total return through a combination
of capital appreciation and high current income with income as a
secondary objective. Virtus Investment Advisers, Inc. became
the investment adviser of the fund effective February 1, 2021. Allianz Global
Investors continues to manage the fund in a subadvisory
capacity. For more information on this fund, 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 premium or 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 manages 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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/virtus-allianzgi-convertible--income-fund-declares-quarterly-distribution-5-625-series-a-cumulative-preferred-shares-301367843.html
SOURCE Virtus AllianzGI Convertible & Income Fund