Virtus Dividend, Interest & Premium Strategy Fund Discloses Sources of Distribution – Section 19(a) Notice
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 27 2024
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Source: Businesswire
Quarterly Distribution Announcement: The Virtus Dividend, Interest & Premium Strategy Fund (NFJ) has announced a quarterly distribution of $0.305 per share, payable on December 30, 2024, with an ex-date of December 12, 2024.
Distribution Sources and Performance: The fund's distributions may include a return of capital, as it has distributed more than its net investment income and realized capital gains; the estimated sources for the current distribution include short-term and long-term capital gains, along with a significant portion from return of capital.
Analyst Views on NFJ
Wall Street analysts forecast NFJ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NFJ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 13.290
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About NFJ
Virtus Dividend, Interest & Premium Strategy Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to seek current income and gains, with a secondary objective of long-term capital appreciation. The Fund seeks to achieve its investment objective by investing across the capital structure in companies across a range of industries and technologies. The Fund normally invests at least 80% of its net assets in a combination of securities issued by artificial intelligence companies and in other companies that stand to benefit from artificial intelligence and other technology opportunities. The Fund's 15% of net assets are invested in artificial intelligence companies. The Fund normally invests at least 30% of its managed assets in convertible securities. The Fund does not normally invest more than 20% of its managed assets in high-yield securities. The Fund's investment advisor is Virtus Investment Advisers, Inc.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
