Virtus Dividend Interest & Premium Strategy Fund

Virtus AllianzGI Dividend, Interest & Premium Strategy Fund is a closed-end investment fund. It seeks current income and gains, with a secondary objective of long-term capital appreciation. The company was founded on August 20, 2003 and is headquartered in New York, NY.

Virtus AllianzGI Dividend, Interest & Premium Strategy Fund is a closed-end investment fund. It seeks current income and gains, with a secondary objective of long-term capital appreciation. The company was founded on August 20, 2003 and is headquartered in Greenfield, MA.

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) today announced the following quarterly distributions: Ticker Amount of Distribution Ex-Date/Record Date Payable Date NFJ $0.305 December 12, 2024 December 30, 2024 NFJ $0.305 March 13, 2025 March 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 cap.

Virtus Dividend, Interest & Premium Strategy Fund Announces Distributions and Discloses Sources of Distribution – Section 19(a) Notice

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) today announced it will increase its quarterly distribution from $0.280 per share to $0.305 per share, an increase of 9% or $0.025 per share, effective with the September distribution: Ticker New Distribution Amount Ex-Date Record Date Payable Date NFJ $0.305 September 13, 2024 September 13, 2024 September 26, 2024 The Fund previously increased its quarterly distribution by $0.035 per share in Ma.

Virtus Dividend, Interest & Premium Strategy Fund Announces Increase to Quarterly Distribution and Discloses Sources of Distribution – Section 19(a) Notice

NFJ's performance continues to be unimpressive in 2024, though the value-oriented portfolio could have a brighter future. The fund's discount has narrowed since our last update, pushing it to trade closer to the level of its longer-term average. Though, some good news is that the fund has increased its distribution since our last update, and Saba Capital Management has also started a position.

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HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), 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 Dividend, Interest & Premium Strategy Fund (NYSE: NFJ), Virtus Equity & Convertible Income Fund (NYSE: NIE), Virtus Global Multi-Sector In.

Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) today announced the following quarterly distribution: Ticker Amount of Distribution Ex-Date Record Date Payable Date NFJ $0.28 June 13, 2024 June 13, 2024 June 27, 2024 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.

Virtus Dividend, Interest & Premium Strategy Fund Announces Distribution and Discloses Sources of Distribution – Section 19(a) Notice

The Virtus Dividend, Interest & Premium Strategy Fund uses a combination of convertible securities and dividend-paying common stock to generate income. The fund has a higher current yield than its peers, but its performance over the past three years has been disappointing. The fund has underperformed its peers by a considerable margin, but its distributions have resulted in a total return of 15.74% over the trailing three-year period.

NFJ: Poor Performance, But The Portfolio Is Not That Bad For Today's Market

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NFJ is a hybrid fund that invests in equity and convertible securities; in addition, the fund employs a covered call strategy. The fund's historical performance has been lackluster, but it is currently trading at a wide discount that could make it more tempting. The fund pays a very reasonable distribution yield, and there is potential for a boost in the future or possibly a special.

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NFJ runs a predominantly equity portfolio with convertibles thrown in. Separate teams are assigned to manage the equity and the fixed income sleeve. Options are written on the equity portion to supplement income generation.

NFJ Using Calls To Supplement Income, Just A Tiny Bit

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ) previously announced the following quarterly distribution on March 16, 2023: Ticker Amount of Distribution Ex-Date Record Date Payable Date NFJ $0.245 June 9, 2023 June 12, 2023 June 23, 2023 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.

Virtus Dividend, Interest & Premium Strategy Fund Discloses Sources of Distribution – Section 19(a) Notice

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), 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 Dividend, Interest & Premium Strategy Fund (NYSE: NFJ), Virtus Equity & Convertible Income Fund (NYSE: NIE), and Virtus Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) have announced that they will hold a virtual joint meeting of shareholders on May 22, 2023 at 1 p.m. EDT.

Certain Virtus Closed-End Funds Announce Date of Shareholder Meetings

NFJ takes an approach of primarily investing in equity investments but also incorporates convertible securities. The fund has managers from both NFJ Investment Group and Voya Investment Management.

NFJ: Non-Leveraged Hybrid Fund At A Wide Discount

HARTFORD, Conn. , Jan. 27, 2023 /PRNewswire/ -- Seven Virtus closed-end funds that are subadvised by Voya Investment Management (Voya IM) announced that Ethan Turner has been appointed as a portfolio manager, effective today.

Certain Virtus Closed-End Funds Name Ethan Turner as Portfolio Manager

HARTFORD, Conn. , Jan. 12, 2023 /PRNewswire/ -- Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ), today announced the following quarterly distribution: Ticker Amount of Distribution Ex-Date Record Date Payable Date NFJ $0.245 March 10, 2023 March 13, 2023 March 24, 2023 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.

Virtus Dividend, Interest & Premium Strategy Fund Announces Distribution

Virtus AllianzGI Dividend Interest & Premium Strategy Fund invests substantially in the ICT, Financials, and Healthcare sectors and is expected to generate strong growth in the coming decade. NFJ has generated strong yield and total return over the long run. It is currently trading at a significant discount.

NFJ: High-Yielding Covered Call CEF Poised For High Growth In Long Term

HARTFORD, Conn. , Dec. 20, 2022 /PRNewswire/ -- Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ), announced the following special year-end distribution on its common shares.

Virtus Dividend, Interest & Premium Strategy Fund Announces Special Year-End Distribution and Discloses Sources of Distribution - Section 19(a) Notice

HARTFORD, Conn. , Dec. 14, 2022 /PRNewswire/ -- Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ), previously announced the following quarterly distribution on September 8, 2022: Ticker Amount of Distribution Ex-Date Record Date Payable Date NFJ $0.245 December 9, 2022 December 12, 2022 December 23, 2022 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.

Virtus Dividend, Interest & Premium Strategy Fund Discloses Sources of Distribution - Section 19(a) Notice

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HARTFORD, Conn. , Sept. 8, 2022 /PRNewswire/ -- Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ), today announced the following quarterly distribution: Ticker Amount of Distribution Ex-Date Record Date Payable Date NFJ $0.245 December 9, 2022 December 12, 2022 December 23, 2022 The Fund previously announced the following quarterly distribution on June 7, 2022: Ticker Amount of Distribution Ex-Date Record Date Payable Date NFJ $0.245 September 9, 2022 September 12, 2022 September 23, 2022 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.

Virtus Dividend, Interest & Premium Strategy Fund Announces Distribution and Discloses Sources of Distribution - Section 19(a) Notice

NFJ has no leverage and utilizes a portfolio with equity and convertible exposure. As this was an AllianzGI fund, investors will be asked to vote on Voya becoming the new subadvisor.

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After the Fed hiked interest rates for the fourth time this year, closed-end fund investors may wonder how their income will be affected. Past cycles have shown that valuations fall ahead of time in anticipation of rising rates.

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No Change to Portfolio Management Teams HARTFORD, Conn. , July 21, 2022 /PRNewswire/ -- The Board of Trustees of Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), 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) has approved new subadvisory agreements between the funds' investment adviser, Virtus Investment Advisers, Inc., and Voya Investment Management Co. LLC ("Voya IM").

Certain Virtus Closed-End Funds Announce Shareholder Proposal For New Subadvisory Agreements

HARTFORD, Conn. , June 7, 2022 /PRNewswire/ -- Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ), today announced the following quarterly distribution: Ticker Amount of Distribution Ex-Date Record Date Payable Date NFJ $0.245 September 9, 2022 September 12, 2022 September 23, 2022 The Fund previously announced the following quarterly distribution on March 7, 2022: Ticker Amount of Distribution Ex-Date Record Date Payable Date NFJ $0.245 June 10, 2022 June 13, 2022 June 24, 2022 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.

News for Virtus Dividend Interest & Premium Strategy Fund ETF (NFJ)