Virtus Equity & Convertible Income Fund Announces Distributions and Discloses Sources of Distribution – Section 19(a) Notice
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 06 2025
0mins
Source: Businesswire
Quarterly Distribution Announcement: Virtus Equity & Convertible Income Fund (NIE) has announced a quarterly distribution of $0.50 per share, with ex-date on June 12, 2025, and payable date on June 27, 2025.
Distribution Sources and Performance: The fund's distributions are primarily sourced from net realized long-term capital gains (89.4%), with an average annual total return on NAV for the past five years at 12.34%, while the fiscal year-to-date cumulative total return is -2.41%.
Analyst Views on NIE
Wall Street analysts forecast NIE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NIE 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.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 25.410
Low
Averages
High
Current: 25.410
Low
Averages
High
No data
About NIE
Virtus Equity & Convertible Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to seek total return comprised of capital appreciation, current income and gains. The Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in a combination of equity securities and income-producing convertible securities. The equity component of the Fund may vary from 40-80% and the convertible component may vary from 20-60% of assets. The Fund's investment advisor is Virtus Investment Advisers, Inc. and its investment subadvisor is Voya Investment Management Co. LLC.
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.
