HARTFORD, Conn., June 7, 2022
/PRNewswire/ -- Virtus AllianzGI Diversified Income &
Convertible Fund (NYSE: ACV) today announced the following
monthly distributions:
|
Amount of
Distribution
|
Ex-Date
|
Record
Date
|
Payable
Date
|
|
$0.18
|
July 8, 2022
|
July 11,
2022
|
August 1,
2022
|
|
$0.18
|
August 10,
2022
|
August 11,
2022
|
September 1,
2022
|
|
$0.18
|
September 9,
2022
|
September 12,
2022
|
October 3,
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. Shareholders should note, however,
that if the Fund's aggregate net investment income and net realized
capital gains are less than the amount of the distribution level,
the difference will be distributed from the Fund's assets and will
constitute a return of the shareholder's capital. You should not
draw any conclusions about the Fund's investment performance from
the amount of this distribution or from the terms of the Fund's
Managed Distribution Plan.
The Fund provided this estimate of the sources of the
distributions:
|
Distribution
Estimates
|
May 2022
(MTD)
|
Fiscal Year-to-Date
(YTD)(1)
|
|
(Sources)
|
Per
Share
Amount
|
Percentage
of Current
Distribution
|
Per Share
Amount
|
Percentage
of Current
Distribution
|
|
Net Investment
Income
|
$
-
|
0.0%
|
$ 0.005
|
0.69%
|
|
Net Realized Short-Term
Capital Gains
|
0.067
|
37.5%
|
0.602
|
83.68%
|
|
Net Realized Long-Term
Capital Gains
|
0.113
|
62.5%
|
0.113
|
15.63%
|
|
Return of Capital (or
other Capital Source)
|
-
|
0.0%
|
-
|
0.0%
|
|
Total
Distribution
|
$ 0.180
|
100.0%
|
$ 0.720
|
100.0%
|
|
|
|
|
|
|
|
(1) Fiscal year
started February 1, 2022
|
Information regarding the Fund's performance and distribution
rates is set forth below. Please note that all performance figures
are based on the Fund's NAV and not the market price of the Fund's
shares. Performance figures are not meant to represent individual
shareholder performance.
|
May 31,
2022
|
|
|
|
Average Annual Total
Return on NAV for the 5-year period (2)
|
13.43%
|
|
|
Current Fiscal YTD
Annualized Distribution Rate (3)
|
9.33%
|
|
|
Fiscal YTD
Cumulative Total Return on NAV (4)
|
-12.57%
|
|
|
Fiscal YTD
Cumulative Distribution Rate (5)
|
3.11%
|
|
|
(2)
|
Average Annual Total
Return on NAV is the annual compound return for the five-year
period. It reflects the change in the Fund's NAV and reinvestment
of all distributions.
|
|
(3)
|
Current Fiscal YTD
Annualized Distribution Rate is the current distribution rate
annualized as a percentage of the Fund's NAV at month
end.
|
|
(4)
|
Fiscal YTD Cumulative
Total Return on NAV is the percentage change in the Fund's NAV from
the first day of the fiscal year to this month end, including
distributions paid and assuming reinvestment of those
distributions.
|
|
(5)
|
Fiscal YTD Cumulative
Distribution Rate is the dollar value of distributions from the
first day of the fiscal year to this month end as a percentage of
the Fund's NAV at month end.
|
The amounts and sources of distributions reported
in this notice are estimates only and are
not being provided for tax
reporting purposes. The actual amounts and sources
of the distributions for tax purposes will depend on
the Fund's investment experience during
the remainder of its fiscal year and may be
subject to changes based on tax regulations. The
Fund or your broker will send you a Form 1099-DIV
for the calendar year that will tell you
what distributions to report for federal income tax
purposes.
About the Fund
Virtus AllianzGI Diversified Income & Convertible
Fund is a diversified closed-end fund that seeks to provide
total return through a combination of current income and capital
appreciation, while seeking to provide downside protection against
capital loss. The Fund normally invests at least 50% of total
managed assets in convertibles. Virtus Investment Advisers, Inc. is
the investment adviser to the Fund and Allianz Global
Investors is its subadviser.
For more information on the Fund, contact shareholder services
at (800) 254-5197, by email at closedendfunds@virtus.com, or
through the Closed-End Funds section of 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 the 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 Diversified Income & Convertible
Fund
