HARTFORD, Conn., Sept. 28,
2022 /PRNewswire/ -- Virtus Convertible &
Income 2024 Target Term Fund (NYSE: CBH), Virtus Convertible
& Income Fund (NYSE: NCV), Virtus Convertible & Income Fund
II (NYSE: NCZ), Virtus Diversified Income & Convertible
Fund (NYSE: ACV), Virtus Equity & Convertible Income Fund
(NYSE: NIE), and Virtus Dividend, Interest & Premium Strategy
Fund (NYSE: NFJ) announced today that their shareholders have
voted to approve new subadvisory agreements by and among each fund,
their adviser, Virtus Investment Advisers, Inc., and Voya
Investment Management (Voya IM).
The special shareholder meeting to approve Voya IM as the
subadviser of Virtus Artificial Intelligence & Technology
Opportunities Fund (NYSE: AIO) was adjourned to November 10, 2022 at 3:30
p.m. (Eastern).
Voya IM has been managing the funds since July 25, 2022 under interim subadvisory
agreements pending shareholder approval of the new subadvisory
agreements. There have been no changes to the investment objectives
or investment strategies of any of the funds.
For more information on these funds, contact shareholder
services at 866-270-7788, by email at closedendfunds@virtus.com, 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.
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SOURCE Virtus Funds