Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares
December 01 2023 - 8:45AM
Business Wire
Virtus Convertible & Income Fund (NYSE: NCV) announced today
that it has declared a $0.3515625 per share cash distribution
payable on December 29, 2023 to Series A cumulative preferred
shareholders of record on December 11, 2023.
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
October 1, 2023 through December 31, 2023. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20231201459173/en/
For Further Information:
Shareholder Services (866) 270-7788 closedendfunds@virtus.com
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