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.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

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.