HARTFORD, Conn., Dec. 15, 2021 /PRNewswire/ -- Virtus
AllianzGI Artificial Intelligence & Technology Opportunities
Fund (NYSE: AIO), Virtus AllianzGI Convertible & Income
2024 Target Term Fund (NYSE: CBH), Virtus AllianzGI Diversified
Income & Convertible Fund (NYSE: ACV), and Virtus AllianzGI
Equity & Convertible Income Fund (NYSE: NIE) (each a "Fund"
and, collectively, the "Funds") announced the following special
year-end distribution declarations on their respective common
shares. In addition to the regular monthly distributions for AIO,
CBH and ACV, and regular quarterly distribution for NIE, this
special year-end distribution is being paid by the Funds pursuant
to certain federal tax requirements.
Fund
|
Ticker
|
Short-term capital
gain per Common Share
|
Long-term capital
gain per Common Share
|
Total
Distribution
per
Common
Share
|
Virtus AllianzGI
Artificial Intelligence & Technology Opportunities
Fund
|
AIO
|
$1.7584
|
$1.6913
|
$3.4497
|
Virtus AllianzGI
Convertible & Income 2024 Target Term Fund
|
CBH
|
$0.3823
|
-
|
$0.3823
|
Virtus AllianzGI
Diversified Income & Convertible Fund
|
ACV
|
$3.6463
|
$2.1522
|
$5.7985
|
Virtus AllianzGI
Equity & Convertible Income Fund
|
NIE
|
-
|
$1.7540
|
$1.7540
|
The distributions will be payable on January 10, 2022 to shareholders of record on
December 27, 2021, with an
ex-dividend date of December 23,
2021.
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 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. In early 2022, the Funds, or your broker, will send
shareholders a Form 1099-DIV for the calendar year that will tell
shareholders how to report the 2021 distributions for federal
income tax purposes. Shareholders should consult their tax
advisors.
About the Funds
Virtus AllianzGI Artificial Intelligence & Technology
Opportunities Fund's investment objective is to provide total
return through a combination of current income, current gains and
long-term capital appreciation. Virtus AllianzGI 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 AllianzGI
Diversified Income & Convertible Fund's investment
objective is to provide total return through a combination of
current income and capital appreciation, while seeking to provide
downside protection against capital loss. Virtus AllianzGI Equity
& Convertible Income Fund's investment objective is to seek
total return comprised of capital appreciation, current income and
gains.
Virtus Investment Advisers, Inc. became the investment adviser
of each fund, other than AIO, effective February 1, 2021 and of AIO effective
February 26, 2021. Allianz Global
Investors continues to manage each fund in a subadvisory
capacity.
For more information on these funds, contact shareholder
services at 800-254-5197, by email at closedendfunds@virtus.com, or
through the closed-end fund section on the web at
www.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.
About Allianz Global Investors
Allianz Global Investors or AllianzGI is a leading
active asset manager with over 750 investment professionals in 25
offices worldwide and manages assets for individuals, families, and
institutions. The investment team has extensive experience managing
closed-end funds and a differentiated, multi-asset approach based
on fundamental research designed to dynamically allocate across
convertible securities and equities.
About Virtus Investment Partners
Virtus Investment Partners (NASDAQ: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. The
company provides investment management products and services
through its affiliated managers and select subadvisers, each with a
distinct investment style, autonomous investment process, and
individual brand. For
more information, visit www.virtus.com.
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SOURCE Virtus Investment Partners, Inc.