NIE Overview

Dividend Declaration: Virtus Equity & Convertible Income Fund (NIE) has declared a special dividend of $0.526 per share.

Payment Details: The dividend is payable on January 9, with shareholders of record on December 29, and the ex-dividend date also on December 29.

Investment Insights: The fund is noted for providing reliable dividends while maintaining exposure to technology sectors.

Performance Ratings: Seeking Alpha has provided a Quant Rating for the Virtus Equity & Convertible Income Fund, along with a dividend scorecard and yield chart.

New Portfolio Manager Announcement: Voya Investment Management has appointed K. Mathew Axline as a portfolio manager for several funds, including the Virtus Convertible & Income Fund and Virtus Diversified Income & Convertible Fund, bringing over 25 years of investment experience to the role.

Fund Objectives and Structure: The funds managed by Voya aim to provide total returns through capital appreciation and high current income, with specific strategies for downside protection and dynamic asset allocation across convertibles, equities, and income-producing securities.

Annual Meeting Results: The Virtus funds held a joint annual meeting on June 2, 2025, where shareholder voting results showed strong support for various board members across multiple funds, with most receiving over 90% approval.

About the Funds: Virtus Investment Advisers manages several closed-end funds focused on generating income through diversified strategies in various asset classes, while highlighting the risks associated with investing in these funds.

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%.