Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares
The Virtus Convertible & Income Fund (NYSE: NCV) has declared a quarterly cash distribution of $0.3515625 per share for its Series A Cumulative Preferred Shares. The distribution will be paid on December 31, 2024, to shareholders of record as of December 12, 2024. The preferred shares, trading under NCV PR A, are rated 'A' by Fitch Ratings and carry an annual dividend rate of $1.40625 per share. Originally issued at $25.00 per share in September 2018, the 4,000,000 shares are now callable at the liquidation value of $25.00 plus accrued dividends.
Il Virtus Convertible & Income Fund (NYSE: NCV) ha dichiarato una distribuzione di cassa trimestrale di $0.3515625 per azione per le sue Azioni Preferenziali Cumulate di Serie A. La distribuzione sar脿 pagata il 31 dicembre 2024, agli azionisti registrati al 12 dicembre 2024. Le azioni preferenziali, scambiate con il simbolo NCV PR A, sono valutate 'A' da Fitch Ratings e offrono un tasso di dividendo annuale di $1.40625 per azione. Originariamente emesse a $25.00 per azione nel settembre 2018, le 4.000.000 di azioni sono ora richiamabili al valore di liquidazione di $25.00 pi霉 i dividendi maturati.
El Virtus Convertible & Income Fund (NYSE: NCV) ha declarado una distribuci贸n en efectivo trimestral de $0.3515625 por acci贸n para sus Acciones Preferentes Acumulativas de la Serie A. La distribuci贸n se pagar谩 el 31 de diciembre de 2024, a los accionistas registrados a partir del 12 de diciembre de 2024. Las acciones preferentes, que se negocian bajo el s铆mbolo NCV PR A, tienen una calificaci贸n 'A' por Fitch Ratings y cuentan con una tasa de dividendo anual de $1.40625 por acci贸n. Emitidas originalmente a $25.00 por acci贸n en septiembre de 2018, las 4.000.000 de acciones ahora son susceptibles de ser llamadas al valor de liquidaci贸n de $25.00 m谩s los dividendos acumulados.
Virtus Convertible & Income Fund (NYSE: NCV)電� A 鞁滊Μ歃� 雸勳爜 鞖办劆欤检棎 雽�頃� 欤茧嫻 $0.3515625鞚� 攵勱赴 順勱笀 氚半嫻旮堨潉 靹犾柛頄堨姷雼堧嫟. 氚半嫻旮堨潃 2024雲� 12鞗� 31鞚检棎 歆�旮夒悩氅�, 2024雲� 12鞗� 12鞚� 旮办 欤检＜鞐愱矊 歆�旮夒惄雼堧嫟. NCV PR A 旮绊樃搿� 瓯半灅霅橂姅 鞚� 鞖办劆欤茧姅 Fitch Ratings鞐愳劀 'A' 霌标笁鞚� 氚涭晿鞙茧┌, 欤茧嫻 鞐瓣皠 氚半嫻毳犾潃 $1.40625鞛呺媹雼�. 2018雲� 9鞗� 欤茧嫻 $25.00鞐� 觳橃潓 氚滍枆霅� 4,000,000欤缄皜 鞛堨溂氅�, 歆�旮堨潃 鞎‰┐臧� $25.00瓿� 雸勳爜 氚半嫻旮堨潉 頃╈偘頃橃棳 順胳稖霅� 靾� 鞛堨姷雼堧嫟.
Le Virtus Convertible & Income Fund (NYSE: NCV) a d茅clar茅 une distribution trimestrielle en esp猫ces de $0.3515625 par action pour ses Actions Privil茅gi茅es Cumulatives de S茅rie A. La distribution sera pay茅e le 31 d茅cembre 2024, aux actionnaires enregistr茅s au 12 d茅cembre 2024. Les actions privil茅gi茅es, n茅goci茅es sous le symbole NCV PR A, sont not茅es 'A' par Fitch Ratings et offrent un taux de dividende annuel de $1.40625 par action. Initialement 茅mises 脿 $25.00 par action en septembre 2018, les 4.000.000 actions sont d茅sormais rachetables au prix de liquidation de $25.00 plus les dividendes accumul茅s.
Der Virtus Convertible & Income Fund (NYSE: NCV) hat eine viertelj盲hrliche Baraussch眉ttung von $0.3515625 pro Aktie f眉r seine Serie A kumulierten Vorzugsaktien erkl盲rt. Die Aussch眉ttung wird am 31. Dezember 2024 an die Aktion盲re ausgezahlt, die zum 12. Dezember 2024 im Aktienregister stehen. Die unter NCV PR A gehandelten Vorzugsaktien sind von Fitch Ratings mit 'A' bewertet und bieten eine j盲hrliche Dividendenrate von $1.40625 pro Aktie. Urspr眉nglich im September 2018 zu $25.00 pro Aktie emittiert, sind die 4.000.000 Aktien jetzt zu einem Liquidationswert von $25.00 zuz眉glich aufgelaufener Dividenden k眉ndbar.
- Maintains consistent quarterly dividend payment of $0.3515625 per preferred share
- Strong 'A' rating from Fitch Ratings
- None.
Insights
This quarterly preferred dividend announcement represents a routine distribution of
The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCV PR A, are rated 鈥淎鈥� by Fitch Ratings and have an annual dividend rate of
About the 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 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 .
Fund Risks
An investment in a fund is subject to risk, including the risk of possible loss of principal. A fund鈥檚 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鈥檚 investment objective and risks, please see the fund鈥檚 annual report. A copy of the fund鈥檚 most recent annual report may be obtained free of charge by contacting 鈥淪hareholder Services鈥� as set forth at the end of this press release.
About Virtus Investment Partners, Inc.
(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 , 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 .
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For Further Information:
Shareholder Services
(866) 270-7788
closedendfunds@virtus.com
Source: Virtus Convertible & Income Fund
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