CERTAIN VIRTUS CLOSED-END FUNDS ANNOUNCE TWO MONTHLY DISTRIBUTIONS:
NCV, NCZ, CBH
HARTFORD, CT, May 25, 2023 -Virtus Convertible & Income Fund(NYSE: NCV),Virtus Convertible & Income
Fund II(NYSE: NCZ), andVirtus Convertible & Income 2024 Target Term Fund(NYSE: CBH), announced the following distributions on their respective common shares:
Virtus Convertible & Income Fund:
Ticker
Amount of Distribution
Ex-Date
Record Date
Payable Date
NCV
$0.034
July 12, 2023
July 13, 2023
August 1, 2023
NCV
$0.034
August 10, 2023
August 11, 2023
September 1, 2023
Virtus Convertible & Income Fund II:
Ticker
Amount of Distribution
Ex-Date
Record Date
Payable Date
NCZ
$0.030
July 12, 2023
July 13, 2023
August 1, 2023
NCZ
$0.030
August 10, 2023
August 11, 2023
September 1, 2023
Virtus Convertible & Income 2024 Target Term Fund:
Ticker
Amount of Distribution
Ex-Date
Record Date
Payable Date
CBH
$0.046
July 12, 2023
July 13, 2023
August 1, 2023
CBH
$0.046
August 10, 2023
August 11, 2023
September 1, 2023
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.
About the Funds
Virtus Convertible & Income FundandVirtus Convertible & Income Fund IIeach have an investment
objective to provide total return through a combination of capital appreciation and high current income. Virtus 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 Voya Investment Managementis the subadviser.
For more information on these funds, contact shareholder services at (866) 270-7788, by email at closedendfunds@virtus.com, or through the closed-endfundsection 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 funds' annual report. A copy of the funds' most recent annual report may be obtained free of charge by contacting "Shareholder Services" as set forth at the end of this press release.
# # #
For Further Information:
Shareholder Services
270-7788closedendfunds@virtus.com
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Virtus Convertible & Income Fund published this content on 25 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 May 2023 21:35:14 UTC.
Virtus Convertible & Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide total return through a combination of capital appreciation and high current income. Under normal circumstances, the Fund invest approximately 80% of its total assets in a diversified portfolio of convertible securities and non-convertible income-producing securities. The Fund seeks to invest at least 50% of the portfolio in convertible securities, but determines the allocation based on changes in equity prices, changes in interest rates, and other economic and market factors. The Fund invests in various sectors, including airlines, auto manufacturers, banks, computers, biotechnology, diversified financial services, commercial services, healthcare products and media, among others. The Fund's investment advisor is Virtus Investment Advisers, Inc., and its investment subadvisor is Voya Investment Management Co. LLC.