Virtus Convertible & Income Fund II : AIO CBH NCV NCZ ACV NFJ & NIE 2022 Tax Information
February 23, 2023 at 09:57 am EST
Share
VIRTUS CLOSED-END FUNDS
2022 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 2022. The distributions paid in January 2023 are reportable in calendar year 2022 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
Ordinary
Capital Gain
Return of
Total
Capital
Qualified
Dividends
VIRTUS CLOSED-END FUND
Symbol
Income
Percentage
Received
Distributions
Capital
Distributions
Dividends
Dividends
Deduction
Virtus Artificial Intelligence &
AIO
$ 0.5131
$ 0.8735
$ 0.4134
$ 1.8000
22.96%
28.19%
24.51%
Technology Opportunities Fund
Virtus Convertible & Income 2024
CBH
$ 0.5520
$ 0.0909
$0.0000
$ 0.6429
0.00%
0.00%
0.00%
Target Term Fund
Virtus Convertible & Income Fund
NCV
$ 0.1060
$0.000
$ 0.4040
$0.5100
79.21%
23.76%
21.21%
Virtus Convertible & Income Fund II
NCZ
$ 0.0800
$0.000
$ 0.3700
$0.4500
82.22%
24.49%
22.01%
Virtus Diversified Income &
ACV
$ 0.6598
$ 1.6962
$0.0000
$ 2.3560
0.00%
25.08%
23.20%
Convertible Fund
Virtus Dividend, Interest & Premium
NFJ
$ 0.3344
$ 0.6621
$0.0000
$ 0.9965
0.00%
50.77%
47.30%
Strategy Fund
Virtus Equity & Convertible Income
NIE
$ 2.1826
$ 1.7939
$0.0000
$ 3.9765
0.00%
12.23%
11.38%
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 2022 by the Virtus Closed-End Funds listed above, no portion was derived from earnings on obligations of the U.S. Government.
If you have any questions on the Virtus Closed-End Funds, please visit the Virtus Closed-End Fund section of our website at Virtus.com or contact Shareholder Services at 1-866-270-7788, Monday through Thursday 8:30 a.m. to 6:00 p.m. Eastern Time and Fridays until 5:00 p.m.
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 Convertible & Income Fund II published this content on 23 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2023 14:56:31 UTC.
Virtus Convertible & Income Fund II (the Fund) is a diversified, closed-end management investment company. The Fundâs investment objective is to provide total return through a combination of capital appreciation and high current income. The Fund invests in a diversified portfolio of domestic convertible securities and high-yield bonds. The Fund seeks to invest at least 50% of its total assets in convertible securities, but determines its allocation based on changes in equity prices, changes in interest rates, and other economic and market factors. The Fund's investment advisor is Virtus Investment Advisers, Inc., and its investment subadvisor is Voya Investment Management Co. LLC.