Virtus Investment Partners's 15-minute chart has recently triggered a KDJ Death Cross and a Bearish Marubozu at 08/28/2025 12:45. This indicates a shift in the momentum of the stock price towards the downside, with a potential for further decreases in value. Sellers currently control the market, and it is likely that the bearish momentum will continue.
Virtus Equity & Convertible Income Fund (NYSE: NIE) has announced a quarterly distribution of $0.50 per share, payable on September 29, 2025, following the ex-dividend date of September 12, 2025 [1]. Under the Fund's Managed Distribution Plan, distributions are sought to be maintained at a consistent level from net investment income and realized capital gains, or a combination thereof.
The distribution is estimated to be composed of 7.4% net investment income, 26.9% net realized short-term capital gains, and 65.7% net realized long-term capital gains. The remaining 0.0% is expected to come from a return of capital or other capital sources [1].
For the fiscal year-to-date, the Fund's average annual total return on net asset value (NAV) is 10.63%, with an annualized current distribution rate of 7.46%. The cumulative total return on NAV for the fiscal year-to-date is 5.31%, and the cumulative distribution rate is 5.59% [1].
Investors should note that the amounts and sources of distributions are estimates and may change based on the Fund's investment experience and tax regulations. The actual amounts and sources of distributions for tax purposes will be provided in a Form 1099-DIV at the end of the calendar year [1].
Virtus Investment Partners, Inc. (NYSE: VRTS), the parent company of Virtus Equity & Convertible Income Fund, is a distinctive partnership of boutique investment managers committed to the long-term success of individual and institutional investors. The Fund is managed by Virtus Investment Advisers, LLC, with Voya Investment Management as its subadviser [1].
References:
[1] https://www.marketscreener.com/news/virtus-equity-convertible-income-fund-announces-distribution-and-discloses-sources-of-distribution-ce7c50ded08ef720
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