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.
Turner, who is a vice president on the income and growth
strategies team at Voya IM, joins as a member of the portfolio
management team of each of 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), and Virtus Equity
& Convertible Income Fund (NYSE: NIE).
He joined Voya IM in 2022 following the firm's acquisition of a
substantial majority of Allianz Global Investors' (AllianzGI) U.S.
business. At AllianzGI, Turner was an analyst and vice president
with research responsibilities for the income and growth strategies
team. He began his career in the investment industry in 2005.
Turner earned a B.S. from San Diego State
University and an M.B.A. from the Anderson School of
Management at the University of California,
Los Angeles. He is a CFA® Charterholder.
About the Funds
Virtus Artificial Intelligence
& Technology Opportunities Fund (AIO) is a diversified
closed-end fund that seeks to provide total return through a
combination of current income, current gains, and long-term capital
appreciation. Virtus Convertible & Income 2024 Target Term
Fund's (CBH) investment objectives are to provide a high level of
income and to return at least $9.835
per common share (the original net asset value per common share of
beneficial interest before deducting offering costs of $0.02 per share) to holders of common shares on
or about September 1,
2024. Virtus Convertible & Income Fund (NCV) and Virtus
Convertible & Income Fund II (NCZ) each have an investment
objective to provide total return through a combination of capital
appreciation and high current income. Virtus Diversified Income
& Convertible Fund (ACV) 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. Virtus Dividend, Interest &
Premium Strategy Fund (NFJ) is a diversified closed-end fund
that seeks current income and gains, with long-term capital
appreciation as a secondary objective. Virtus Equity &
Convertible Income Fund (NIE) is a diversified closed-end fund that
seeks total return comprising capital appreciation, current income,
and gains. Virtus Investment Advisers, Inc. is the investment
adviser and Voya Investment Management is the subadviser to
each fund.
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 each fund's most recent annual report may be
obtained free of charge by contacting Shareholder Services at (866)
270-7788, by email at closedendfunds@virtus.com, or through the
Closed-End Funds section of virtus.com.
For Further Information:
Shareholder
Services
(866) 270-7788
closedendfunds@virtus.com
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SOURCE Virtus Artificial Intelligence & Technology
Opportunities Fund; Virtus Convertible & Income 2024 Target
Term Fund; Virtus Convertible & Income Fund; Virtus Convertible
& Income Fund II; Virtus Diversified Income & Convertible
Fund; Virtus Dividend, Interest & Premium Strategy Fund; Virtus
Equity & Convertible Income Fund
