• 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 Equity & Convertible Income Fund Announces Distribution and Discloses Sources of Distribution – Section 19(a) Notice

    3/1/24 8:30:00 AM ET
    $NIE
    $VRTS
    Investment Managers
    Finance
    Investment Managers
    Finance
    Get the next $NIE alert in real time by email

    Virtus Equity & Convertible Income Fund (NYSE:NIE) today announced the following quarterly distribution:

    Ticker

    Amount of Distribution

    Ex-Date

    Record Date

    Payable Date

    NIE

    $0.50

    March 8, 2024

    March 11, 2024

    March 28, 2024

    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 will be distributed from the Fund's assets and will constitute a return of the shareholder's capital. You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Managed Distribution Plan.

    The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with ‘yield' or ‘income'.

    The Fund provides this estimate of the sources of its distributions:

    Distribution Estimates

    March 2024 (QTD)

    Fiscal Year-to-Date (YTD) (1)

     

    (Sources)

    Per Share

    Amount

    Percentage

    of Current

    Distribution

    Per Share

    Amount

    Percentage

    of Current

    Distribution

    Net Investment Income

    $

    0.027

    5.4%

    $

    0.027

    5.4%

    Net Realized Short-Term Capital Gains

    $

    -

    0.0%

    $

    -

    0.0%

    Net Realized Long-Term Capital Gains

    $

    -

    0.0%

    $

    -

    0.0%

    Return of Capital (or other Capital Source)

    $

    0.473

    94.6%

    $

    0.473

    94.6%

    Total Distribution

    $

    0.500

    100.0%

    $

    0.500

    100.0%

    (1)

    Fiscal year started February 1, 2024.

    Information regarding the Fund's performance and distribution rates is set forth below. Please note that all performance figures are based on the Fund's net asset value (NAV) and not the market price of the Fund's shares. Performance figures are not meant to represent individual shareholder performance.

    January 31, 2024

     

    Average Annual Total Return on NAV for the 5-year period (2)

    11.27%

    Annualized Current Distribution Rate (3)

    8.40%

    Fiscal YTD Cumulative Total Return on NAV (4)

    16.05%

    Fiscal YTD Cumulative Distribution Rate (5)

    2.10%

    (2)

    Average Annual Total Return on NAV is the annual compound return for the five-year period. It reflects the change in the Fund's NAV and reinvestment of all distributions.

    (3)

    Annualized Current Distribution Rate is the current distribution rate annualized as a percentage of the Fund's NAV at month end.

    (4)

    Fiscal YTD Cumulative Total Return on NAV is the percentage change in the Fund's NAV from the first day of the fiscal year to this month end, including distributions paid and assuming reinvestment of those distributions.

    (5)

    Fiscal YTD Cumulative Distribution Rate is the dollar value of distributions expected to be paid from the first day of the fiscal year through the next calendar quarter end as a percentage of the Fund's NAV at month end.

    The amounts and sources 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 for tax purposes 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 you a Form 1099-DIV for the calendar year that will tell you what distributions to report for federal income tax purposes.

    About the Fund

    Virtus Equity & Convertible Income Fund is a diversified closed-end fund that seeks total return comprised of capital appreciation, current income, and gains. Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in a combination of equity securities and income-producing convertible securities. Virtus Investment Advisers, Inc. is the investment adviser to the Fund and Voya Investment Management is its subadviser.

    For more information on the Fund, contact shareholder services at (866) 270-7788, 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 NAV. 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.

    About Virtus Investment Partners, Inc.

    Virtus Investment Partners (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 affiliated managers, 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 virtus.com.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20240301791490/en/

    Get the next $NIE alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $NIE
    $VRTS

    CompanyDatePrice TargetRatingAnalyst
    Virtus Investment Partners Inc.
    $VRTS
    8/27/2024$206.00Underweight
    Barclays
    Virtus Investment Partners Inc.
    $VRTS
    4/8/2024$285.00 → $264.00Buy → Hold
    TD Cowen
    Virtus Investment Partners Inc.
    $VRTS
    1/4/2024$289.00Outperform
    TD Cowen
    Virtus Investment Partners Inc.
    $VRTS
    12/20/2023$264.00Overweight
    Piper Sandler
    Virtus Investment Partners Inc.
    $VRTS
    3/27/2023$248.00 → $260.00Neutral → Overweight
    Piper Sandler
    Virtus Investment Partners Inc.
    $VRTS
    2/6/2023$248.00Overweight → Neutral
    Piper Sandler
    Virtus Investment Partners Inc.
    $VRTS
    4/8/2022$393.00 → $240.00Overweight → Underweight
    Morgan Stanley
    Virtus Investment Partners Inc.
    $VRTS
    8/5/2021$400.00Equal-Weight → Overweight
    Morgan Stanley
    More analyst ratings

    $NIE
    $VRTS
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G filed by Virtus Investment Partners Inc.

      SC 13G - VIRTUS INVESTMENT PARTNERS, INC. (0000883237) (Subject)

      2/14/24 10:04:37 AM ET
      $VRTS
      Investment Managers
      Finance
    • SEC Form SC 13G/A filed by Virtus Investment Partners Inc. (Amendment)

      SC 13G/A - VIRTUS INVESTMENT PARTNERS, INC. (0000883237) (Subject)

      2/13/24 5:17:30 PM ET
      $VRTS
      Investment Managers
      Finance
    • SEC Form SC 13G filed by Virtus Investment Partners Inc.

      SC 13G - VIRTUS INVESTMENT PARTNERS, INC. (0000883237) (Subject)

      2/14/23 12:41:00 PM ET
      $VRTS
      Investment Managers
      Finance

    $NIE
    $VRTS
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • 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
    • Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares

      Virtus Convertible & Income Fund (NYSE:NCV) announced today that it has declared a $0.3515625 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 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 April 1, 2025 through June 30, 2025. The Series A Cumulative Preferred Shares are now cal

      6/2/25 4:05:00 PM ET
      $NCV
      $VRTS
      Finance Companies
      Finance
      Investment Managers
    • Duff & Phelps Utility and Infrastructure Fund Inc. Redeems Remaining Floating Rate Mandatory Redeemable Preferred Shares, Series C and Issues Floating Rate Mandatory Redeemable Preferred Shares, Series D

      Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG), a closed-end investment management company advised by Duff & Phelps Investment Management Co. ("Duff & Phelps"), today exercised an option to voluntarily redeem ("Redemption Date") its remaining 1,400,000 issued and outstanding Floating Rate Mandatory Redeemable Preferred Shares, Series C (the "Series C MRP Shares") (CUSIP No. 26433C4#9). The Series C MRP Shares were redeemed at the liquidation preference of $25.00 per share and accumulated but unpaid dividends and distributions up to, but excluding, the Redemption Date. The redemption of the Series C MRP Shares is being funded by DPG's issuance of 1,000,000 Floating Rate Ma

      5/30/25 4:05:00 PM ET
      $DPG
      $VRTS
      Trusts Except Educational Religious and Charitable
      Finance
      Investment Managers

    $NIE
    $VRTS
    Leadership Updates

    Live Leadership Updates

    See more
    • Virtus Investment Partners Announces Appointment of Board Member

      Virtus Investment Partners (NYSE:VRTS), which operates a multi-boutique asset management business, today announced that John C. Weisenseel, who has more than 20 years of experience in senior financial leadership roles, has been appointed to the company's Board of Directors and to its Audit Committee. Weisenseel, 64, retired as senior vice president and chief financial officer of AllianceBernstein LP, where he supervised all global finance activities for the publicly traded asset management company and was a member of its executive Operating Committee, which established and guided strategic direction for the firm. "We are pleased to welcome John to our board as he brings a significant ba

      12/11/24 4:05:00 PM ET
      $VRTS
      Investment Managers
      Finance
    • WWE® Elects Michelle McKenna & JoEllen Lyons Dillon to Board of Directors

      WWE® (NYSE:WWE) today announced that Michelle McKenna and JoEllen Lyons Dillon have been elected to its Board of Directors. McKenna spent more than two decades as a senior leader at Disney, Universal Studios and the NFL, working across technology, digital strategy and finance. From 2012 to 2022, McKenna served as Chief Information Officer for the NFL, where she was responsible for the league's technology strategy and served as the executive sponsor of the Women's Interactive Group. She serves on the Board of Directors of Ring Central (NYSE:RNG), where she is a member of the audit, compensation and nominating & governance committees. McKenna previously served on the Board of Directors of In

      9/16/22 9:15:00 AM ET
      $DM
      $NSP
      $RNG
      $VRTS
      Industrial Machinery/Components
      Technology
      Professional Services
      Consumer Discretionary
    • DTF TAX-FREE INCOME 2028 TERM FUND INC. ANNOUNCES APPOINTMENT OF CHIEF INVESTMENT OFFICER

      CHICAGO, March 24, 2022 /PRNewswire/ -- DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) (the "Fund"), a closed-end fund advised by Duff & Phelps Investment Management Co. (the "Investment Adviser"), today announced that Lisa H. Leonard has been appointed by the Fund's Board of Directors as Chief Investment Officer, effective June 1, 2022. Ms. Leonard will succeed Timothy M. Heaney, Chief Investment Officer and Vice President of the Fund since 2004, who will retire from his position effective May 31, 2022. Ms. Leonard, who has been a Vice President of the Fund since 2006 and a member of its portfolio management team since 1998, has worked in the investment industry for more than 35 years.

      3/24/22 7:30:00 AM ET
      $DTF
      $VRTS
      Investment Managers
      Finance

    $NIE
    $VRTS
    SEC Filings

    See more
    • Virtus Investment Partners Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits

      8-K - VIRTUS INVESTMENT PARTNERS, INC. (0000883237) (Filer)

      5/14/25 4:32:08 PM ET
      $VRTS
      Investment Managers
      Finance
    • SEC Form 10-Q filed by Virtus Investment Partners Inc.

      10-Q - VIRTUS INVESTMENT PARTNERS, INC. (0000883237) (Filer)

      5/9/25 5:10:06 PM ET
      $VRTS
      Investment Managers
      Finance
    • Virtus Investment Partners Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - VIRTUS INVESTMENT PARTNERS, INC. (0000883237) (Filer)

      4/25/25 7:02:59 AM ET
      $VRTS
      Investment Managers
      Finance

    $NIE
    $VRTS
    Financials

    Live finance-specific insights

    See more
    • 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
    • Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares

      Virtus Convertible & Income Fund (NYSE:NCV) announced today that it has declared a $0.3515625 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 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 April 1, 2025 through June 30, 2025. The Series A Cumulative Preferred Shares are now cal

      6/2/25 4:05:00 PM ET
      $NCV
      $VRTS
      Finance Companies
      Finance
      Investment Managers
    • Duff & Phelps Utility and Infrastructure Fund Inc. Redeems Remaining Floating Rate Mandatory Redeemable Preferred Shares, Series C and Issues Floating Rate Mandatory Redeemable Preferred Shares, Series D

      Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE:DPG), a closed-end investment management company advised by Duff & Phelps Investment Management Co. ("Duff & Phelps"), today exercised an option to voluntarily redeem ("Redemption Date") its remaining 1,400,000 issued and outstanding Floating Rate Mandatory Redeemable Preferred Shares, Series C (the "Series C MRP Shares") (CUSIP No. 26433C4#9). The Series C MRP Shares were redeemed at the liquidation preference of $25.00 per share and accumulated but unpaid dividends and distributions up to, but excluding, the Redemption Date. The redemption of the Series C MRP Shares is being funded by DPG's issuance of 1,000,000 Floating Rate Ma

      5/30/25 4:05:00 PM ET
      $DPG
      $VRTS
      Trusts Except Educational Religious and Charitable
      Finance
      Investment Managers

    $NIE
    $VRTS
    Insider Trading

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

    See more
    • Director Fleming Susan S. was granted 652 shares, increasing direct ownership by 4% to 16,636 units (SEC Form 4)

      4 - VIRTUS INVESTMENT PARTNERS, INC. (0000883237) (Issuer)

      5/15/25 4:41:22 PM ET
      $VRTS
      Investment Managers
      Finance
    • Director Bain Peter L was granted 609 shares, increasing direct ownership by 18% to 4,013 units (SEC Form 4)

      4 - VIRTUS INVESTMENT PARTNERS, INC. (0000883237) (Issuer)

      5/15/25 4:41:12 PM ET
      $VRTS
      Investment Managers
      Finance
    • Director Weisenseel John C was granted 609 shares (SEC Form 4)

      4 - VIRTUS INVESTMENT PARTNERS, INC. (0000883237) (Issuer)

      5/15/25 4:40:58 PM ET
      $VRTS
      Investment Managers
      Finance

    $NIE
    $VRTS
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Barclays initiated coverage on Virtus Investment Partners with a new price target

      Barclays initiated coverage of Virtus Investment Partners with a rating of Underweight and set a new price target of $206.00

      8/27/24 7:40:42 AM ET
      $VRTS
      Investment Managers
      Finance
    • Virtus Investment Partners downgraded by TD Cowen with a new price target

      TD Cowen downgraded Virtus Investment Partners from Buy to Hold and set a new price target of $264.00 from $285.00 previously

      4/8/24 8:03:41 AM ET
      $VRTS
      Investment Managers
      Finance
    • TD Cowen initiated coverage on Virtus Investment Partners with a new price target

      TD Cowen initiated coverage of Virtus Investment Partners with a rating of Outperform and set a new price target of $289.00

      1/4/24 8:52:18 AM ET
      $VRTS
      Investment Managers
      Finance