HARTFORD, Conn., Dec. 17, 2021 /PRNewswire/ -- Virtus
AllianzGI Convertible & Income Fund (NYSE: NCV), Virtus
AllianzGI Convertible & Income Fund II (NYSE: NCZ), and Virtus
AllianzGI Convertible & Income 2024 Target Term Fund (NYSE:
CBH) announced the following distribution declarations on their
respective common shares:
Virtus AllianzGI
Convertible & Income Fund:
|
|
Ticker
|
Amount of
Distribution
|
Ex-Date
|
Record
Date
|
Payable
Date
|
NCV
|
$0.0425
|
January 12,
2022
|
January 13,
2022
|
February 1,
2022
|
NCV
|
$0.0425
|
February 10,
2022
|
February 11,
2022
|
March 1,
2022
|
NCV
|
$0.0425
|
March 10,
2022
|
March 11,
2022
|
April 1,
2022
|
Virtus AllianzGI
Convertible & Income Fund II:
|
|
Ticker
|
Amount of
Distribution
|
Ex-Date
|
Record
Date
|
Payable
Date
|
NCZ
|
$0.0375
|
January 12,
2022
|
January 13,
2022
|
February 1,
2022
|
NCZ
|
$0.0375
|
February 10,
2022
|
February 11,
2022
|
March 1,
2022
|
NCZ
|
$0.0375
|
March 10,
2022
|
March 11,
2022
|
April 1,
2022
|
Virtus AllianzGI
Convertible & Income Fund 2024 Target Term Fund:
|
|
Ticker
|
Amount of
Distribution
|
Ex-Date
|
Record
Date
|
Payable
Date
|
CBH
|
$0.0460
|
January 12,
2022
|
January 13,
2022
|
February 1,
2022
|
CBH
|
$0.0460
|
February 10,
2022
|
February 11,
2022
|
March 1,
2022
|
CBH
|
$0.0460
|
March 10,
2022
|
March 11,
2022
|
April 1,
2022
|
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.
The Board of Trustees of each fund also approved a change in
each fund's fiscal year-end from February 28
to January 31, effective January 31,
2022.
About the Funds
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 Investment
Advisers, Inc. is the investment adviser to each fund and Allianz
Global Investors is the subadviser.
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
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 AllianzGI 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
virtus.com.
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SOURCE Virtus Funds