VIRTUS CLOSED END FUNDS
2021 TAX INFORMATION - COMMON STOCK SHAREHOLDERS
PLEASE READ CAREFULLY
To assist you and your tax professional in completing your tax return, we are providing you with the following information. The table below indicates the tax character of distributions paid by the Virtus Closed End Funds listed below on its common stock for the calendar year 2021. The distributions paid in January 2022 are reportable in calendar year 2021 for tax purposes. Please consult with your tax advisor for information related to your personal tax situation.
Per Share | As a Percentage of Ordinary | |||||||
Return of | Income Dividends | |||||||
Capital | ||||||||
Ordinary | Capital Gain | Return of | Total | Qualified | Dividends | |||
Percentage | ||||||||
VIRTUS CLOSED END FUND | Symbol | Income | Received | |||||
Distributions | Capital | Distributions | Dividends | |||||
Dividends | Deduction | |||||||
Virtus AllianzGI Artificial Intelligence & | AIO | $3.2584 | $1.6913 | $0.0000 | $4.9497 | 0.00% | 4.82% | 4.53% |
Technology Opportunities Fund | ||||||||
Virtus AllianzGI Convertible & Income | CBH | $0.9343 | $0.0000 | $0.0000 | $0.9343 | 0.00% | 0.00% | 0.00% |
2024 Target Term Fund | ||||||||
Virtus AllianzGI Convertible & Income | NCV | $0.1609 | $0.000 | $0.3491 | $0.5100 | 68.45% | 36.00% | 33.53% |
Fund | ||||||||
Virtus AllianzGI Convertible & Income | NCZ | $0.1236 | $0.000 | $0.3264 | $0.4500 | 72.53% | 36.77% | 34.29% |
Fund II | ||||||||
Virtus AllianzGI Diversified Income & | ACV | $5.6503 | $2.1522 | $0.0000 | $7.8025 | 0.00% | 4.44% | 4.12% |
Convertible Fund | ||||||||
Virtus AllianzGI Equity & Convertible | NIE | $1.5200 | $1.7540 | $0.0000 | $3.2740 | 0.00% | 15.97% | 15.10% |
Income Fund | ||||||||
Virtus Dividend, Interest & Premium | NFJ | $0.9000 | $0.0000 | $0.0000 | $0.9000 | 0.00% | 19.05% | 17.17% |
Strategy Fund | ||||||||
Ordinary Income Dividends (shown in Box 1a of your Form 1099-DIV) - These distributions will be taxed as ordinary income whether received in cash or reinvested in stock. Capital Gain Distributions (shown in Box 2a of your Form 1099-DIV) - Shows the portion of the Fund's total distributions that represent long term capital gains.
Return of Capital (shown as "Nondividend distributions" in Box 3 of your Form 1099-DIV) - These distributions represent a non-taxable return of capital. These distributions are a tax-free return of capital and should not be reported as income, whether received in cash or reinvested in stock. The distributions from return of capital will, however, reduce your cost basis in the shares. Qualified Dividends (shown in Box 1b of your Form 1099-DIV) - The percentage of the ordinary income dividends that may be eligible for reduced capital gains tax rates.
Dividends Received Deduction The percentage of the ordinary income dividends that qualify for the dividends received deduction allowed to certain corporate shareholders.
Of the ordinary income dividends paid in 2021 by the Virtus Closed End Funds, no portion was derived from earnings on obligations of the U.S. Government.
If you have any questions on the Virtus AllianzGI or NFJ Funds, please visit the Virtus Closed End Fund section of our website at Virtus.com or contact Shareholder Services at 1-800-254-5197, weekdays 8:30 a.m. - 6 p.m. Eastern Time, Fridays until 5 p.m. Eastern Time.
IRS Circular 230 Disclosure: Any information contained in this communication (including any attachments) is not intended to be used, and cannot be used, to avoid penalties imposed under the U.S. Internal Revenue Code.
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Virtus Dividend Interest & Premium Strategy Fund published this content on 24 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 February 2022 16:36:09 UTC.