Virtus AllianzGI Equity & Convertible Income Fund

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Equity & Convertible Income Fund (NYSE: NIE) today announced the following quarterly distributions: Ticker Amount of Distribution Ex-Date/Record Date Payable Date NIE $0.50 December 12, 2024 December 30, 2024 NIE $0.50 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 capital gains,.

Virtus Equity & Convertible Income Fund Announces Distributions and Discloses Sources of Distribution – Section 19(a) Notice

Virtus Equity & Convertible Income Fund offers a high yield of 8.74%, which is higher than many other closed-end funds using similar strategies. The NIE closed-end fund's strategy includes investing in both equity and convertible securities, providing inflation protection and potential capital appreciation. The fund's portfolio has substantial exposure to the Magnificent 7, which makes it difficult to include in a portfolio that probably already has significant exposure to these stocks.

NIE: Updates On Finances And Distributions Following Release Of Semi-Annual Report

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Equity & Convertible Income Fund (NYSE: NIE) today announced the following quarterly distribution: Ticker Amount of Distribution Ex-Date Record Date Payable Date NIE $0.50 September 13, 2024 September 13, 2024 September 26, 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 the.

Virtus Equity & Convertible Income Fund Announces Distribution and Discloses Sources of Distribution – Section 19(a) Notice

Voya Global Equity Dividend and Premium Opportunity Fund

Mach Natural Resources LP

Oxford Lane Capital

Rithm Capital Corp

Sabra Health Care

TORM

USA Compression Partners

24/7 Wall Street Insights With inflation showing few signs of appreciable reversal, prices for other goods and services will inevitably continue to rise.

Want $22,500 in Passive Income? Invest $20,000 in These Dividend Stocks

Virtus Equity & Convertible Income Fund invests in equities and convertible securities, with varying allocations between the two. The fund uses a covered call option strategy on 70% of the equity portion to enhance distributions and reduce portfolio risk. NIE has a high correlation with SPY due to its high exposure to infotech equities.

NIE: Multi-Asset CEF Pays Attractive Distribution Yield And Provides Some Downside Protection

Virtus AllianzGI Diversified Income & Convertible Fund

Virtus Artificial Intelligence & Technology Opportunities Fund

Virtus AllianzGI Convertible & Income 2024 Target Term Fund

Virtus AllianzGI Convertible & Income Fund

Virtus AllianzGI Convertible & Income Fund II

Virtus Dividend Interest & Premium Strategy Fund

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

Ares Capital

BlackRock Floating Rate Income Trust

VanEck Vectors BDC Income ETF

Eaton Vance Enhanced Equity Income Fund

Barings Corporate Investors

Putnam BDC Income ETF

SPDR S&P 500 ETF Trust

Cushing MLP & Infrastructure Total Return Fund

Invesco Senior Income Trust

Achieving long-term "equity returns" generally requires holding tight through periods of volatility. The "roller coaster" experience is worth it, as Nobel Prize winners and other researchers have demonstrated over the years. There is an alternative for investors seeking a smoother ride and a better night's sleep through market downturns.

Investors' Choice: Roller Coaster Or Merry-Go-Round?

Advent Convertible and Income Fund

Let's talk about convertibles for a second—but not the car with a removable top that everyone thinks of when they hear that word: I'm talking about convertible bonds.

These ‘Chameleon' 9%+ Dividends Will Be The Income Play Of The Decade

Virtus Equity & Convertible Income Fund aims to provide investors with an attractive level of income without sacrificing the upside potential of investing in equities. The NIE closed-end fund invests substantially in convertible securities, which offer higher yields than common equities and potential benefits if the company's stock becomes valuable. The NIE CEF's performance has been solid, with a 12.57% increase in share price since the previous article was published, and it has a reliable history of distributions.

NIE: This CEF Is A Surprisingly Good Equity/Convertible Offering From Virtus

The Virtus Equity & Convertible Income Fund is benefiting from its heavy exposure to mega-cap tech stocks, leading to a solid performance in 2023. The fund's discount has narrowed throughout the year, but it still remains at a fairly wide discount and doesn't necessarily represent a bargain at this time. NIE is a non-leveraged fund, which is a positive in a rising rate environment, but its performance wasn't materially better when put up against a leveraged peer in 2022.

NIE: Discounted But Not A Bargain

Virtus Equity & Convertible Income Fund drops nearly 4% amidst broader market selloff. NIE relies on capital gains to cover its 10% annual distribution rate, which is challenging in the current high interest rate environment. NIE has outperformed the Morningstar US Moderate Aggressive Target Allocation benchmark but has not fully captured gains of its equity exposure.

NIE: Short-Term Pain In This Current Environment

It's been almost two years since stocks last hit all-time highs, and the S&P 500 is still sitting some 11% below the peak!

Our 10.1% Dividend Strategy For Weathering This Fall Pullback

Virtus Equity & Convertible Income Fund offers a high level of income from equities, boasting a 10.08% yield compared to the S&P 500's 1.52%. The NIE closed-end fund has outperformed the S&P 500 Index on a total return basis since January 2023. The fund's performance has recently deteriorated due to market concerns about inflation and rising energy prices, but it still offers advantages such as convertible securities and call options.

NIE: Still Uncertain, But This Fund Is Better Than Most

Anyone that's followed me for a while knows I'm obsessed with the word "conditions" when it comes to investing. Virtus Equity & Convertible Income Fund has done quite well for some time now, consistently being in the top of its category for several years. I typically like more mean reversion plays with funds that have fared relatively poorly over the last several years, but the consistency can't be ignored on a relative basis.

NIE: Tech Weighting Could Be A Problem, But It's A Solid Fund

BlackRock Science & Technology

Stop me if you've heard this one: “If you buy a high-yielding investment, your big yield won't last because they'll cut dividends.”

2 Unsung 9% Paying Funds With Dividends That Soar

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Equity & Convertible Income Fund (NYSE: NIE) previously announced the following quarterly distribution on March 16, 2023: Ticker Amount of Distribution Ex-Date Record Date Payable Date NIE $0.50 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 a combinat.

Virtus Equity & Convertible Income Fund Discloses Sources of Distribution – Section 19(a) Notice

Adams Diversified Equity Fund

InfraCap MLP

iShares iBoxx High Yield Corporate Bond ETF

PIMCO Corporate & Income Opportunity Fund

With yields north of 7%, closed-end funds (CEFs) should be a staple of every American's portfolio.

These 8% Dividends Are Key To Early Retirement

Price performance of healthcare and financial stocks in NIE's portfolio was quite disappointing this year. However, technology stocks performed well. NIE has been able to generate an exceptionally high yield during 2022 and 2023. Otherwise, the average yield stays within a range of 5 to 8 percent.

NIE: Best Way To Gain Through Growth Stocks, Covered Calls, And Convertibles

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

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 Equity & Convertible Income Fund  (NYSE: NIE), today announced the following quarterly distribution: Ticker Amount of Distribution Ex-Date Record Date Payable Date NIE $0.50 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 Equity & Convertible Income Fund Announces Distribution

Convertible securities offer the best of fixed-income securities and common equities to investors. AllianzGI Equity & Convertible Income Fund is heavily invested in technology and healthcare companies, which is not unsurprising but resulted in horrible performance when the bubble popped last year.

NIE: I Want To Like This Convertible CEF But I'm Not Sure It's Worth The Risk

HARTFORD, Conn. , Dec. 20, 2022 /PRNewswire/ -- Virtus Equity & Convertible Income Fund  (NYSE: NIE), announced the following special year-end distribution on its common shares.

Virtus Equity & Convertible Income Fund Announces Special Year-End Distribution and Discloses Sources of Distribution - Section 19(a) Notice

HARTFORD, Conn. , Dec. 14, 2022 /PRNewswire/ -- Virtus Equity & Convertible Income Fund  (NYSE: NIE), previously announced the following quarterly distribution on September 8, 2022: Ticker Amount of Distribution Ex-Date Record Date Payable Date NIE $0.50 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 Equity & Convertible Income Fund Discloses Sources of Distribution - Section 19(a) Notice

NIE has been paying consistent quarterly dividends with a reasonably strong yield and exceptionally high total return over the long term. Convertible securities protected NIE from extreme volatility of large-cap stocks, and covered call strategy helped it generate strong pay-out.

News for Virtus AllianzGI Equity & Convertible Income Fund ETF (NIE)