• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Virtus AllianzGI Closed-End Funds Announce Future Change in Subadviser

    5/18/22 6:42:00 PM ET
    $ACV
    $AIO
    $CBH
    $NCV
    Finance/Investors Services
    Finance
    Finance/Investors Services
    Finance
    Get the next $ACV alert in real time by email

    HARTFORD, Conn., May 18, 2022 /PRNewswire/ -- Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO), Virtus AllianzGI Convertible & Income 2024 Target Term Fund (NYSE:CBH), Virtus AllianzGI Convertible & Income Fund (NYSE:NCV), Virtus AllianzGI Convertible & Income Fund II (NYSE:NCZ), Virtus AllianzGI Diversified Income & Convertible Fund (NYSE:ACV), Virtus AllianzGI Equity & Convertible Income Fund (NYSE:NIE), and Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) (each a "Fund" and together, the "Funds") have been informed by Allianz Global Investors U.S. LLC ("AllianzGI"), the subadviser to each Fund, that AllianzGI will no longer act as a subadviser to the Funds after a transition period of up to four months. Consequently, in the coming weeks, the Board of each Fund will consider possible options and alternatives, including a potential proposal to Fund shareholders to approve a new subadviser.

    On May 17, 2022, AllianzGI resolved certain government charges about matters unrelated to the Funds with the U.S. Securities and Exchange Commission and Department of Justice. As a result of the settlement, AllianzGI is not permitted to manage U.S. registered open-end and closed-end funds. Concurrently, AllianzGI announced its intention to enter into an agreement with Voya Investment Management ("Voya") to transfer the investment teams who currently manage the Funds to Voya.

    Under the terms of its settlement, AllianzGI will bear all expenses associated with the transition of these funds, including expenses associated with obtaining necessary shareholder approvals.

    For more information on these funds, contact shareholder services at (800) 254-5197, by email at [email protected], or through the Closed-End Funds section of 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.

    Cision View original content:https://www.prnewswire.com/news-releases/virtus-allianzgi-closed-end-funds-announce-future-change-in-subadviser-301550702.html

    SOURCE Virtus Dividend, Interest & Premium Strategy Fund; Virtus AllianzGI Equity & Convertible Income Fund; 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

    Get the next $ACV alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $ACV
    $AIO
    $CBH
    $NCV

    CompanyDatePrice TargetRatingAnalyst
    More analyst ratings

    $ACV
    $AIO
    $CBH
    $NCV
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Mcdaniel Connie D bought $5,187 worth of shares (237 units at $21.89) (SEC Form 4)

      4 - Virtus Diversified Income & Convertible Fund (0001636289) (Issuer)

      6/18/25 12:46:14 PM ET
      $ACV
      Finance/Investors Services
      Finance
    • Director Mcdaniel Connie D bought $5,194 worth of shares (422 units at $12.31) (SEC Form 4)

      4 - Virtus Convertible & Income Fund II (0001227857) (Issuer)

      6/18/25 12:46:04 PM ET
      $NCZ
      Finance Companies
      Finance
    • Director Mcdaniel Connie D bought $5,191 worth of shares (226 units at $22.97) (SEC Form 4)

      4 - Virtus Equity & Convertible Income Fund (0001383441) (Issuer)

      6/18/25 12:45:54 PM ET
      $NIE
      Investment Managers
      Finance

    $ACV
    $AIO
    $CBH
    $NCV
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Virtus Equity & Convertible Income Fund Discloses Sources of Distribution – Section 19(a) Notice

      Virtus Equity & Convertible Income Fund (NYSE:NIE) previously announced the following quarterly distribution on March 6, 2025: Ticker Amount of Distribution Ex-Date/Record Date Payable Date NIE $0.50 June 12, 2025 June 27, 2025 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund's aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference w

      6/26/25 4:20:00 PM ET
      $NIE
      $VRTS
      Investment Managers
      Finance
    • Virtus Dividend, Interest & Premium Strategy Fund Discloses Sources of Distribution – Section 19(a) Notice

      Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) previously announced the following quarterly distribution on March 6, 2025: Ticker Amount of Distribution Ex-Date/Record Date Payable Date NFJ $0.305 June 12, 2025 June 27, 2025 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund's aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the d

      6/26/25 4:15:00 PM ET
      $NFJ
      $VRTS
      Finance: Consumer Services
      Finance
      Investment Managers
    • Virtus Artificial Intelligence & Technology Opportunities Fund Discloses Sources of Distribution – Section 19(a) Notice

      Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO) previously announced the following monthly distribution on March 6, 2025: Ticker Amount of Distribution Ex-Date/Record Date Payable Date AIO $0.15 June 12, 2025 June 27, 2025 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid, in part or in full, from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund's aggregate net investment income and net realized capital gains are less than the amount of the distribution l

      6/26/25 4:10:00 PM ET
      $AIO
      $VRTS
      Finance/Investors Services
      Finance
      Investment Managers

    $ACV
    $AIO
    $CBH
    $NCV
    SEC Filings

    See more
    • SEC Form N-CEN filed by Virtus Artificial Intelligence & Technology Opportunities Fund

      N-CEN - Virtus Artificial Intelligence & Technology Opportunities Fund (0001778114) (Filer)

      4/16/25 6:07:19 AM ET
      $AIO
      Finance/Investors Services
      Finance
    • SEC Form N-CEN filed by Virtus Convertible & Income Fund II

      N-CEN - Virtus Convertible & Income Fund II (0001227857) (Filer)

      4/16/25 6:07:19 AM ET
      $NCZ
      Finance Companies
      Finance
    • SEC Form N-CEN filed by Virtus Convertible & Income Fund

      N-CEN - Virtus Convertible & Income Fund (0001214935) (Filer)

      4/16/25 6:07:20 AM ET
      $NCV
      Finance Companies
      Finance

    $ACV
    $AIO
    $CBH
    $NCV
    Financials

    Live finance-specific insights

    See more
    • Virtus Dividend, Interest & Premium Strategy Fund Discloses Sources of Distribution – Section 19(a) Notice

      Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) previously announced the following quarterly distribution on March 6, 2025: Ticker Amount of Distribution Ex-Date/Record Date Payable Date NFJ $0.305 June 12, 2025 June 27, 2025 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund's aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the d

      6/26/25 4:15:00 PM ET
      $NFJ
      $VRTS
      Finance: Consumer Services
      Finance
      Investment Managers
    • Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders

      Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE:AIO), Virtus Convertible & Income Fund (NYSE:NCV), Virtus Convertible & Income Fund II (NYSE:NCZ), Virtus Diversified Income & Convertible Fund (NYSE:ACV), Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ), Virtus Equity & Convertible Income Fund (NYSE:NIE), Virtus Global Multi-Sector Income Fund (NYSE:VGI), Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF), and Virtus Total Return Fund Inc. (NYSE:ZTR) announced the results of the joint annual meeting of shareholders that was held on June 2, 2025. The voting results are as follows:   Virtus Artificial Intelligence & Technology Opportunities

      6/3/25 9:00:00 AM ET
      $ACV
      $AIO
      $EDF
      $NCV
      Finance/Investors Services
      Finance
      Investment Managers
      Finance Companies
    • Virtus Convertible & Income Fund II Announces Quarterly Distribution: 5.500% Series A Cumulative Preferred Shares

      Virtus Convertible & Income Fund II (NYSE:NCZ) announced today that it has declared a $0.34375 per share cash distribution payable on June 30, 2025 to Series A cumulative preferred shareholders of record on June 12, 2025. The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCZ PR A, are rated "A" by Fitch Ratings and have an annual dividend rate of $1.375 per share. The 4,360,000 Series A Cumulative Preferred Shares were issued September 11, 2018 at $25.00 per share and pay distributions quarterly. This distribution represents the accrual period from April 1, 2025 through June 30, 2025. The Series A Cumulative Preferred Shares are now call

      6/2/25 4:10:00 PM ET
      $NCZ
      $VRTS
      Finance Companies
      Finance
      Investment Managers

    $ACV
    $AIO
    $CBH
    $NCV
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Mcdaniel Connie D bought $5,187 worth of shares (237 units at $21.89) (SEC Form 4)

      4 - Virtus Diversified Income & Convertible Fund (0001636289) (Issuer)

      6/18/25 12:46:14 PM ET
      $ACV
      Finance/Investors Services
      Finance
    • Director Mcdaniel Connie D bought $5,194 worth of shares (422 units at $12.31) (SEC Form 4)

      4 - Virtus Convertible & Income Fund II (0001227857) (Issuer)

      6/18/25 12:46:04 PM ET
      $NCZ
      Finance Companies
      Finance
    • Director Mcdaniel Connie D bought $5,191 worth of shares (226 units at $22.97) (SEC Form 4)

      4 - Virtus Equity & Convertible Income Fund (0001383441) (Issuer)

      6/18/25 12:45:54 PM ET
      $NIE
      Investment Managers
      Finance

    $ACV
    $AIO
    $CBH
    $NCV
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13D/A filed by Virtus Dividend Interest & Premium Strategy Fund

      SC 13D/A - Virtus Dividend, Interest & Premium Strategy Fund (0001260563) (Subject)

      11/26/24 7:57:09 PM ET
      $NFJ
      Finance: Consumer Services
      Finance
    • Amendment: SEC Form SC 13G/A filed by Virtus Convertible & Income Fund II

      SC 13G/A - Virtus Convertible & Income Fund II (0001227857) (Subject)

      11/8/24 3:37:19 PM ET
      $NCZ
      Finance Companies
      Finance
    • Amendment: SEC Form SC 13D/A filed by Virtus Dividend Interest & Premium Strategy Fund

      SC 13D/A - Virtus Dividend, Interest & Premium Strategy Fund (0001260563) (Subject)

      8/29/24 10:26:40 AM ET
      $NFJ
      Finance: Consumer Services
      Finance