HARTFORD, Conn., March 1, 2021 /PRNewswire/ -- Virtus
AllianzGI Artificial Intelligence & Technology Opportunities
Fund (NYSE: AIO), Virtus AllianzGI Convertible & Income
Fund (NYSE: NCV), Virtus AllianzGI Convertible & Income Fund II
(NYSE: NCZ), Virtus AllianzGI Convertible & Income 2024 Target
Term Fund (NYSE: CBH), and Virtus AllianzGI Diversified Income
& Convertible Fund (NYSE: ACV) announced the following
distribution declarations on their respective common shares:
Fund
|
Distribution Per
Common Share
|
Virtus AllianzGI
Artificial Intelligence & Technology Opportunities
Fund
|
$0.1250
|
Virtus AllianzGI
Convertible & Income Fund
|
$0.0425
|
Virtus AllianzGI
Convertible & Income Fund II
|
$0.0375
|
Virtus AllianzGI
Convertible & Income 2024 Target Term Fund
|
$0.0460
|
Virtus AllianzGI
Diversified Income & Convertible Fund
|
$0.1670
|
The distributions will be payable on April 1, 2021 to shareholders of record on
March 11, 2021 with an ex-dividend
date of March 10, 2021.
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 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 Fund and Virtus
AllianzGI Convertible & Income Fund II each have an
investment objective to provide total return through a combination
of capital appreciation and high current income with income as a
secondary objective. 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 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 Allianz GI 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 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