AllianzGI Diversified Income & Convertible Fund Announces Monthly Distributions, Payable on May 2, 2022, June 1, 2022 and July 1, 2022 Respectively
March 07, 2022 at 04:31 pm EST
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AllianzGI Diversified Income & Convertible Fund announced monthly distributions of $0.18. The distributions will be payable on May 2, 2022, June 1, 2022 and July 1, 2022 to shareholders of record on May 11, 2022, June 12, 2022 and July 13, 2022 with an ex-dividend dates of April 8, 2022, May 11, 2022 and June 10, 2022 respectively.
Virtus Diversified Income & Convertible Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide total return through a combination of current income, current gains and long-term capital appreciation. The Fund will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in a diversified portfolio of convertible securities, income-producing equity securities and income-producing debt and other instruments of varying maturities, of which at least 50% of total managed assets are invested in convertibles. The Fund has the latitude to write covered call options on the stocks held in the equity portion. The Fund's investment advisor is Virtus Investment Advisers, Inc., and its investment subadvisor is Voya Investment Management Co. LLC.