HARTFORD, Conn.--(BUSINESS WIRE)--August 27, 2025--
Virtus Diversified Income & Convertible Fund $(ACV)$ today announced the following monthly distributions:
Ticker Amount of Distribution Ex-Date/Record Date Payable Date ------ ---------------------- ------------------- ------------------ ACV $0.18 September 12, 2025 September 29, 2025 ------ ---------------------- ------------------- ------------------ ACV $0.18 October 14, 2025 October 30, 2025 ------ ---------------------- ------------------- ------------------ ACV $0.18 November 13, 2025 November 26, 2025 ------ ---------------------- ------------------- ------------------
The Fund previously announced the following monthly distribution on June 4, 2025:
Ticker Amount of Distribution Ex-Date/Record Date Payable Date ------ ---------------------- ------------------- --------------- ACV $0.18 August 11, 2025 August 28, 2025 ------ ---------------------- ------------------- ---------------
Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund's aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund's assets and will constitute a return of the shareholder's capital. You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Managed Distribution Plan.
The Fund provides this estimate of the sources of the distributions:
Distribution
Estimates August 2025 $(MTD)$ Fiscal Year-to-Date (YTD) (1)
------------------- ------------------------- ------------------------------
Percentage Percentage
Per Share of Current of Current
(Sources) Amount Distribution Per Share Amount Distribution
------------------- ----------- ------------ ---------------- ------------
Net Investment
Income $ 0.000 0.0% $ 0.012 1.0%
------------------- ------- ------------ --- ----------- ------------
Net Realized
Short-Term
Capital Gains 0.180 100.0% 0.286 22.7%
------------------- ------- ------------ --- ----------- ------------
Net Realized
Long-Term Capital
Gains 0.000 0.0% 0.154 12.2%
------------------- ------- ------------ --- ----------- ------------
Return of Capital
(or other Capital
Source) 0.000 0.0% 0.808 64.1%
------------------- ------- ------------ --- ----------- ------------
Total Distribution $ 0.180 100.0% $ 1.260 100.0%
------------------- ------- ------------ --- ----------- ------------
(1) Fiscal year started February 1, 2025.
The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'.
Information regarding the Fund's performance and distribution rates is set forth below. Please note that all performance figures are based on the Fund's net asset value $(NAV)$ and not the market price of the Fund's shares. Performance figures are not meant to represent individual shareholder performance.
July 31, 2025
-------------------------------------- ------------------------------------
Average Annual Total Return on NAV
for the 5-year period (2) 10.01%
-------------------------------------- ------------------------------------
Annualized Current Distribution Rate
(3) 9.16%
-------------------------------------- ------------------------------------
Fiscal YTD Cumulative Total Return on
NAV (4) 6.40%
-------------------------------------- ------------------------------------
Fiscal YTD Cumulative Distribution
Rate (5) 4.58%
-------------------------------------- ------------------------------------
(2) Average Annual Total Return on NAV
is the annual compound return for
the five-year period. It reflects
the change in the Fund's NAV and
reinvestment of all distributions.
(3) Annualized Current Distribution Rate
is the current distribution rate
annualized as a percentage of the
Fund's NAV at month end.
(4) Fiscal YTD Cumulative Total Return
on NAV is the percentage change in
the Fund's NAV from the first day
of the fiscal year to this month
end, including distributions paid
and assuming reinvestment of those
distributions.
(5) Fiscal YTD Cumulative Distribution
Rate is the dollar value of
distributions from the first day of
the fiscal year to this month end
as a percentage of the Fund's NAV
at month end.
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 for tax purposes 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 you a Form 1099-DIV for the calendar year that will tell you what distributions to report for federal income tax purposes.
About the Fund
Virtus Diversified Income & Convertible Fund is a diversified closed-end fund that seeks to provide total return through a combination of current income and capital appreciation, while seeking to provide downside protection against capital loss. The Fund strives to dynamically allocate across convertibles, equities, and income-producing securities. The Fund normally invests at least 50% of total managed assets in convertibles and has the latitude to write covered call options on the stocks held in the equity portion. The Fund has a limited term and will terminate on the first business day following the 15th anniversary of the effective date of its registration statement, May 22, 2030, absent approval by the Fund's Board of Trustees to extend the Fund's term by up to 12 months. Virtus Investment Advisers, LLC, a registered investment adviser affiliated with Virtus Investment Partners, Inc., is the investment adviser to the Fund and Voya Investment Management is its subadviser.
For more information on the Fund, 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 NAV. For more information about the Fund's investment objective and risks, please see the Fund's annual report. A copy of the Fund's most recent annual report can be accessed through the Closed-End Funds section of virtus.com and may be obtained free of charge by contacting "Shareholder Services" as set forth at the end of this press release.
About Virtus Investment Partners, Inc.
Virtus Investment Partners (NYSE: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. We provide investment products and services from our investment managers, each with a distinct investment style and autonomous investment process, as well as select subadvisers. Investment solutions are available across multiple disciplines and product types to meet a wide array of investor needs. Additional information about our firm, investment partners, and strategies is available at virtus.com.
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CONTACT: For Further Information:
Shareholder Services
(866) 270-7788
closedendfunds@virtus.com
(END) Dow Jones Newswires
August 27, 2025 16:15 ET (20:15 GMT)