HARTFORD, Conn., March 1,
2022 /PRNewswire/ -- Virtus AllianzGI
Convertible & Income Fund (NYSE: NCV), announced today
that it has declared a $0.3515625 per
share cash distribution payable on March 31,
2022 to Series A cumulative preferred shareholders of record
on March 11, 2022.
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 will pay distributions
quarterly. This distribution represents the accrual period from
January 1, 2022 through March 31, 2022. The Series A Cumulative Preferred
Shares will be callable at any time at the liquidation value of
$25.00 per share plus accrued
dividends from and after the expiration of a five-year non-call
period on September 20, 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 Fund
Virtus AllianzGI Convertible & Income Fund has an
investment objective to provide total return through a combination
of capital appreciation and high current income with income as a
secondary objective. Virtus Investment Advisers, Inc. became
the investment adviser of the fund effective February 1, 2021. Allianz Global
Investors continues to manage the fund in a subadvisory
capacity. For more information on this fund, 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 Convertible & Income Fund