HARTFORD, Conn., June 1, 2022
/PRNewswire/ -- Virtus AllianzGI Convertible & Income
Fund (NYSE: NCV), announced today that it has declared a
$0.3515625 per share cash
distribution payable on June 30, 2022
to Series A cumulative preferred shareholders of record on
June 13, 2022.
The Series A Cumulative Preferred Shares, which trade on the New
York Stock Exchange under the symbol NCV PR A, are rated "A" by
Fitch Ratings and have an annual dividend rate of $1.40625 per share. The 4,000,000 Series A
Cumulative Preferred Shares were issued September 20, 2018 at $25.00 per share and pay distributions quarterly.
This distribution represents the accrual period from April 1, 2022 through June
30, 2022. The Series A Cumulative Preferred Shares will be
callable at any time at the liquidation value of $25.00 per share plus accrued dividends from and
after the expiration of a five-year non-call period on September 20, 2023.
About the Fund
Virtus AllianzGI Convertible & Income Fund has an
investment objective to provide total return through a combination
of capital appreciation and high current income. Virtus
Investment Advisers, Inc. has been the investment adviser of the
fund since February 1, 2021 and
Allianz Global Investors manages the fund in a subadvisory
capacity. For more information on this fund, contact shareholder
services at 800-254-5197, by email at closedendfunds@virtus.com, or
through the closed-end fund section on the web at
www.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 net
asset value. For more information about each fund's investment
objective and risks, please see the fund's annual report. A copy of
the fund's most recent annual report may be obtained free of charge
by contacting "Shareholder Services" as set forth at the end of
this press release.
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SOURCE Virtus AllianzGI Convertible & Income Fund