Virtus Convertible & Income 2024 Target Term Fund : August 31, 2023
August 31, 2023 at 04:30 pm EDT
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News Release
CERTAIN VIRTUS CLOSED-END FUNDS ANNOUNCE THREE MONTHLY DISTRIBUTIONS:
NCV, NCZ, CBH
HARTFORD, CT, August 31, 2023 -Virtus Convertible & Income Fund(NYSE: NCV),Virtus Convertible &
Income Fund II(NYSE: NCZ), andVirtus Convertible & Income 2024 Target Term Fund(NYSE: CBH) announced the following distributions on their respective common shares:
Virtus Convertible & Income Fund:
Ticker
Amount of Distribution
Ex-Date
Record Date
Payable Date
NCV
$0.034
September 8, 2023
September 11, 2023
October 2, 2023
NCV
$0.034
October 11, 2023
October 12, 2023
November 1, 2023
NCV
$0.034
November 10, 2023
November 13, 2023
December 1, 2023
Virtus Convertible & Income Fund II:
Ticker
Amount of Distribution
Ex-Date
Record Date
Payable Date
NCZ
$0.030
September 8, 2023
September 11, 2023
October 2, 2023
NCZ
$0.030
October 11, 2023
October 12, 2023
November 1, 2023
NCZ
$0.030
November 10, 2023
November 13, 2023
December 1, 2023
Virtus Convertible & Income 2024 Target Term Fund:
Ticker
Amount of Distribution
Ex-Date
Record Date
Payable Date
CBH
$0.046
September 8, 2023
September 11, 2023
October 2, 2023
CBH
$0.046
October 11, 2023
October 12, 2023
November 1, 2023
CBH
$0.046
November 10, 2023
November 13, 2023
December 1, 2023
The amounts of distributions reported in this notice are estimates only and are not being provided for tax reporting purposes. The actual amounts and sources of the distributions will depend on the fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The fund or your broker will send shareholders a Form 1099-DIV for the calendar year that will tell shareholders what distributions to report for federal income tax purposes.
About the Funds
Virtus Convertible & Income FundandVirtus Convertible & Income Fund IIeach have an investment
objective to provide total return through a combination of capital appreciation and high current income. Virtus Convertible & Income 2024 Target Term Fund's investment objectives are to provide a high level of income and to return at least $9.835 per common share (the original net asset value per common share of beneficial interest before deducting offering costs of $0.02 per share) to holders of common shares on or about September 1,
2024, when the Fund will terminate absent approval by the Fund's Board of Trustees to extend the Fund's term by up to six months. Virtus Investment Advisers, Inc. is the investment adviser to each fund and Voya Investment Managementis the subadviser.
For more information on these funds, contact shareholder services at (866) 270-7788, by email at closedendfunds@virtus.com, or through the Closed-EndFundssection on the web at virtus.com.
Fund Risks
An investment in a fund is subject to risk, including the risk of possible loss of principal. A fund's shares may be worth less upon their sale than what an investor paid for them. Shares of closed-end funds may trade at a premium or discount to their net asset value. For more information about each fund's investment objective and risks, please see the funds' annual report. A copy of the funds' most recent annual report may be obtained free of charge by contacting "Shareholder Services" as set forth at the end of this press release.
# # #
For Further Information:
Shareholder Services
270-7788closedendfunds@virtus.com
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Disclaimer
Virtus AllianzGi Convertible & Income 2024 Target Term Fund published this content on 31 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2023 20:29:05 UTC.
Virtus Convertible & Income 2024 Target Term Fund (the Fund) is a diversified, closed-end management investment company. The Fundâs investment objectives are to provide a high level of income and to return the original net asset value. It invests at least 80% of its managed assets in a diversified portfolio of convertible securities and income-producing debt instruments, employs a multi-asset strategy that seeks to generate high current income by dynamically allocating assets to the following three segments of a companyâs capital structure: Convertible securities, High yield securities and Senior secured loans. Convertible securities offer current income, downside protection, and potential capital appreciation. High yield securities offer high income potential and have a potentially favorable risk/reward profile, relative to other fixed income asset classes. Its investment advisor is Virtus Investment Advisers, Inc. and investment subadvisor is Voya Investment Management Co. LLC.