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Virtus Diversified Income & Convertible Fund
Section 19(a) Notice
HARTFORD, CT,
February 27, 2025 – Virtus Diversified Income & Convertible Fund (NYSE: ACV) declared a distribution
of $0.18 per share to shareholders of record at the close of business on February 13, 2025 (ex-date February 13, 2025).
The following table sets forth the estimated amounts of the most current distribution and the cumulative distributions paid this fiscal year-to-date from the following sources. All amounts are expressed based on U.S. generally accepted accounting principles which may differ from federal income tax regulations.
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|
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|
|
|
|
|
|
|
|
Distribution Estimates |
|
February 2025 (MTD) |
|
|
Fiscal Year-to-Date (YTD) (1) |
|
| (Sources)
|
|
Per Share
Amount |
|
|
Percentage
of Current Distribution |
|
|
Per Share
Amount |
|
|
Percentage
of Current Distribution |
|
|
Net Investment Income |
|
$ |
0.012 |
|
|
|
6.7 |
% |
|
$ |
0.012 |
|
|
|
6.7 |
% |
|
Net Realized Short-Term Capital Gains |
|
|
0.008 |
|
|
|
4.4 |
% |
|
|
0.008 |
|
|
|
4.4 |
% |
|
Net Realized Long-Term Capital Gains |
|
|
0.010 |
|
|
|
5.6 |
% |
|
|
0.010 |
|
|
|
5.6 |
% |
|
Return of Capital (or other Capital Source) |
|
|
0.150 |
|
|
|
83.3 |
% |
|
|
0.150 |
|
|
|
83.3 |
% |
|
Total Distribution |
|
$ |
0.180 |
|
|
|
100.0 |
% |
|
$ |
0.180 |
|
|
|
100.0 |
% |
| |
(1) |
Fiscal year started February 1, 2025. |
Information regarding the Fund’s performance and distribution rates is set forth below. Please note that all performance figures are based on the
Fund’s net asset value (NAV) and not the market price of the Fund’s shares. Performance figures are not meant to represent individual shareholder performance.
|
|
|
|
|
|
January 31, 2025 |
|
|
|
|
|
Average Annual Total Return on NAV for the 5-year period (2) |
|
|
11.92 |
% |
|
Annualized Current Distribution Rate (3) |
|
|
9.27 |
% |
|
Fiscal YTD Cumulative Total Return on NAV (4) |
|
|
23.29 |
% |
|
Fiscal YTD Cumulative Distribution Rate (5) |
|
|
9.27 |
% |
| |
(2) |
Average Annual Total Return on NAV is the annual compound return for the five-year period. It reflects the change in the
Fund’s NAV and reinvestment of all distributions. |
| |
(3) |
Annualized Current Distribution Rate is the current distribution rate annualized as a percentage of the Fund’s NAV
at month end. |
| |
(4) |
Fiscal YTD Cumulative Total Return on NAV is the percentage change in the Fund’s NAV from the first day of the
fiscal year to this month end, including distributions paid and assuming reinvestment of those distributions. |
Virtus Diversified Income & Convertible Fund - 2
| |
(5) |
Fiscal YTD Cumulative Distribution Rate is the dollar value of distributions from the first day of the fiscal year to this
month end as a percentage of the Fund’s NAV at month end. |
Under the terms of its Managed Distribution Plan, the Fund will
seek to maintain a consistent distribution level that may be paid, in part or in full, from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund’s aggregate net
investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund’s assets and will constitute a return of the shareholder’s capital. You should not draw
any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Managed Distribution Plan.
The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital.
A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be
confused with ‘yield’ or ‘income’.
The amounts and sources 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 for tax purposes 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 you a Form 1099-DIV for the calendar year that will tell you what distributions to report for federal income tax purposes.
For more information on Virtus Diversified Income & Convertible
Fund, contact shareholder services at (866) 270-7788, by email at
closedendfunds@virtus.com, or through the Closed-End Funds section of virtus.com.
Cusip: 92840N100
#
# #
Virtus Diversified Income & Convertible Fund
Section 19(a) Notice
HARTFORD, CT,
March 28, 2025 – Virtus Diversified Income & Convertible Fund (NYSE: ACV) declared a distribution of
$0.18 per share to shareholders of record at the close of business on March 13, 2025 (ex-date March 13, 2025).
The following table sets forth the estimated amounts of the most current distribution and the cumulative distributions paid this fiscal year-to-date from the following sources. All amounts are expressed based on U.S. generally accepted accounting principles which may differ from federal income tax regulations.
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Distribution Estimates |
|
March 2025 (MTD) |
|
|
Fiscal Year-to-Date (YTD) (1) |
|
| (Sources)
|
|
Per Share
Amount |
|
|
Percentage
of Current Distribution |
|
|
Per Share
Amount |
|
|
Percentage
of Current Distribution |
|
|
Net Investment Income |
|
$ |
0.000 |
|
|
|
0.0 |
% |
|
$ |
0.012 |
|
|
|
3.3 |
% |
|
Net Realized Short-Term Capital Gains |
|
|
0.034 |
|
|
|
18.8 |
% |
|
|
0.042 |
|
|
|
11.7 |
% |
|
Net Realized Long-Term Capital Gains |
|
|
0.072 |
|
|
|
40.1 |
% |
|
|
0.082 |
|
|
|
22.8 |
% |
|
Return of Capital (or other Capital Source) |
|
|
0.074 |
|
|
|
41.1 |
% |
|
|
0.224 |
|
|
|
62.2 |
% |
|
Total Distribution |
|
$ |
0.180 |
|
|
|
100.0 |
% |
|
$ |
0.360 |
|
|
|
100.0 |
% |
| |
(1) |
Fiscal year started February 1, 2025. |
Information regarding the Fund’s performance and distribution rates is set forth below. Please note that all performance figures are based on the
Fund’s net asset value (NAV) and not the market price of the Fund’s shares. Performance figures are not meant to represent individual shareholder performance.
|
|
|
|
|
|
February 28, 2025 |
|
|
|
|
|
Average Annual Total Return on NAV for the 5-year period (2) |
|
|
12.29 |
% |
|
Annualized Current Distribution Rate (3) |
|
|
9.66 |
% |
|
Fiscal YTD Cumulative Total Return on NAV (4) |
|
|
-3.25 |
% |
|
Fiscal YTD Cumulative Distribution Rate (5) |
|
|
0.80 |
% |
| |
(2) |
Average Annual Total Return on NAV is the annual compound return for the five-year period. It reflects the change in the
Fund’s NAV and reinvestment of all distributions. |
| |
(3) |
Annualized Current Distribution Rate is the current distribution rate annualized as a percentage of the Fund’s NAV
at month end. |
| |
(4) |
Fiscal YTD Cumulative Total Return on NAV is the percentage change in the Fund’s NAV from the first day of the
fiscal year to this month end, including distributions paid and assuming reinvestment of those distributions. |
Virtus Diversified Income & Convertible Fund - 2
| |
(5) |
Fiscal YTD Cumulative Distribution Rate is the dollar value of distributions from the first day of the fiscal year to this
month end as a percentage of the Fund’s NAV at month end. |
Under the terms of its Managed Distribution Plan, the Fund will
seek to maintain a consistent distribution level that may be paid, in part or in full, from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund’s aggregate net
investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund’s assets and will constitute a return of the shareholder’s capital. You should not draw
any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Managed Distribution Plan.
The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital.
A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be
confused with ‘yield’ or ‘income’.
The amounts and sources 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 for tax purposes 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 you a Form 1099-DIV for the calendar year that will tell you what distributions to report for federal income tax purposes.
For more information on Virtus Diversified Income & Convertible Fund, contact shareholder services at (866) 270-7788, by email at closedendfunds@virtus.com, or through the Closed-End Funds section of virtus.com.
Cusip:
92840N100
# # #
Virtus Diversified Income & Convertible Fund
Section 19(a) Notice
HARTFORD, CT,
April 29, 2025 – Virtus Diversified Income & Convertible Fund (NYSE: ACV) declared a distribution of
$0.18 per share to shareholders of record at the close of business on April 11, 2025 (ex-date April 11, 2025).
The following table sets forth the estimated amounts of the most current distribution and the cumulative distributions paid this fiscal year-to-date from the following sources. All amounts are expressed based on U.S. generally accepted accounting principles which may differ from federal income tax regulations.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Distribution Estimates |
|
April 2025 (MTD) |
|
|
Fiscal Year-to-Date
(YTD) (1) |
|
| (Sources)
|
|
Per Share
Amount |
|
|
Percentage
of Current Distribution |
|
|
Per Share
Amount |
|
|
Percentage
of Current Distribution |
|
|
Net Investment Income |
|
$ |
0.000 |
|
|
|
0.0 |
% |
|
$ |
0.012 |
|
|
|
2.2 |
% |
|
Net Realized Short-Term Capital Gains |
|
|
0.016 |
|
|
|
9.0 |
% |
|
|
0.058 |
|
|
|
10.7 |
% |
|
Net Realized Long-Term Capital Gains |
|
|
0.054 |
|
|
|
29.9 |
% |
|
|
0.136 |
|
|
|
25.2 |
% |
|
Return of Capital (or other Capital Source) |
|
|
0.110 |
|
|
|
61.1 |
% |
|
|
0.334 |
|
|
|
61.9 |
% |
|
Total Distribution |
|
$ |
0.180 |
|
|
|
100.0 |
% |
|
$ |
0.540 |
|
|
|
100.0 |
% |
| |
(1) |
Fiscal year started February 1, 2025. |
Information regarding the Fund’s performance and distribution rates is set forth below. Please note that all performance figures are based on the
Fund’s net asset value (NAV) and not the market price of the Fund’s shares. Performance figures are not meant to represent individual shareholder performance.
|
|
|
|
|
|
March 31, 2025 |
|
|
|
|
|
Average Annual Total Return on NAV for the 5-year period (2) |
|
|
14.90 |
% |
|
Annualized Current Distribution Rate (3) |
|
|
10.35 |
% |
|
Fiscal YTD Cumulative Total Return on NAV (4) |
|
|
-8.99 |
% |
|
Fiscal YTD Cumulative Distribution Rate (5) |
|
|
1.73 |
% |
| |
(2) |
Average Annual Total Return on NAV is the annual compound return for the five-year period. It reflects the change in the
Fund’s NAV and reinvestment of all distributions. |
| |
(3) |
Annualized Current Distribution Rate is the current distribution rate annualized as a percentage of the Fund’s NAV
at month end. |
| |
(4) |
Fiscal YTD Cumulative Total Return on NAV is the percentage change in the Fund’s NAV from the first day of the
fiscal year to this month end, including distributions paid and assuming reinvestment of those distributions. |
Virtus Diversified Income & Convertible Fund - 2
| |
(5) |
Fiscal YTD Cumulative Distribution Rate is the dollar value of distributions from the first day of the fiscal year to this
month end as a percentage of the Fund’s NAV at month end. |
Under the terms of its Managed Distribution Plan, the Fund will
seek to maintain a consistent distribution level that may be paid, in part or in full, from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund’s aggregate net
investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund’s assets and will constitute a return of the shareholder’s capital. You should not draw
any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Managed Distribution Plan.
The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital.
A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be
confused with ‘yield’ or ‘income’.
The amounts and sources 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 for tax purposes 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 you a Form 1099-DIV for the calendar year that will tell you what distributions to report for federal income tax purposes.
For more information on Virtus Diversified Income & Convertible
Fund, contact shareholder services at (866) 270-7788, by email at
closedendfunds@virtus.com, or through the Closed-End Funds section of virtus.com.
Cusip: 92840N100
#
# #
Virtus Diversified Income & Convertible Fund
Section 19(a) Notice
HARTFORD, CT,
May 29, 2025 – Virtus Diversified Income & Convertible Fund (NYSE: ACV) declared a distribution of
$0.18 per share to shareholders of record at the close of business on May 12, 2025 (ex-date May 12, 2025).
The following table sets forth the estimated amounts of the most current distribution and the cumulative distributions paid this fiscal year-to-date from the following sources. All amounts are expressed based on U.S. generally accepted accounting principles which may differ from federal income tax regulations.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Distribution Estimates |
|
May 2025 (MTD) |
|
|
Fiscal Year-to-Date
(YTD) (1)
|
|
| (Sources)
|
|
Per Share
Amount |
|
|
Percentage
of Current
Distribution |
|
|
Per Share
Amount |
|
|
Percentage
of Current
Distribution |
|
|
Net Investment Income |
|
$ |
0.000 |
|
|
|
0.0 |
% |
|
$ |
0.012 |
|
|
|
1.7 |
% |
|
Net Realized Short-Term Capital Gains |
|
|
0.000 |
|
|
|
0.0 |
% |
|
|
0.058 |
|
|
|
8.0 |
% |
|
Net Realized Long-Term Capital Gains |
|
|
0.000 |
|
|
|
0.0 |
% |
|
|
0.136 |
|
|
|
18.9 |
% |
|
Return of Capital (or other Capital Source) |
|
|
0.180 |
|
|
|
100.0 |
% |
|
|
0.514 |
|
|
|
71.4 |
% |
|
Total Distribution |
|
$ |
0.180 |
|
|
|
100.0 |
% |
|
$ |
0.720 |
|
|
|
100.0 |
% |
| |
(1) |
Fiscal year started February 1, 2025. |
Information regarding the Fund’s performance and distribution rates is set forth below. Please note that all performance figures are based on the
Fund’s net asset value (NAV) and not the market price of the Fund’s shares. Performance figures are not meant to represent individual shareholder performance.
|
|
|
|
|
|
April 30, 2025 |
|
|
|
|
|
Average Annual Total Return on NAV for the 5-year period (2) |
|
|
11.95 |
% |
|
Annualized Current Distribution Rate (3) |
|
|
10.38 |
% |
|
Fiscal YTD Cumulative Total Return on NAV (4) |
|
|
-8.38 |
% |
|
Fiscal YTD Cumulative Distribution Rate (5) |
|
|
2.59 |
% |
| |
(2) |
Average Annual Total Return on NAV is the annual compound return for the five-year period. It reflects the change in the
Fund’s NAV and reinvestment of all distributions. |
| |
(3) |
Annualized Current Distribution Rate is the current distribution rate annualized as a percentage of the Fund’s NAV
at month end. |
| |
(4) |
Fiscal YTD Cumulative Total Return on NAV is the percentage change in the Fund’s NAV from the first day of the
fiscal year to this month end, including distributions paid and assuming reinvestment of those distributions. |
Virtus Diversified Income & Convertible Fund - 2
| |
(5) |
Fiscal YTD Cumulative Distribution Rate is the dollar value of distributions from the first day of the fiscal year to this
month end as a percentage of the Fund’s NAV at month end. |
Under the terms of its Managed Distribution Plan, the Fund will
seek to maintain a consistent distribution level that may be paid, in part or in full, from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund’s aggregate net
investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund’s assets and will constitute a return of the shareholder’s capital. You should not draw
any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Managed Distribution Plan.
The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital.
A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be
confused with ‘yield’ or ‘income’.
The amounts and sources 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 for tax purposes 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 you a Form 1099-DIV for the calendar year that will tell you what distributions to report for federal income tax purposes.
For more information on Virtus Diversified Income & Convertible
Fund, contact shareholder services at (866) 270-7788, by email at
closedendfunds@virtus.com, or through the Closed-End Funds section of virtus.com.
CUSIP: 92840N100
#
# #
Virtus Diversified Income & Convertible Fund
Section 19(a) Notice
HARTFORD, CT,
June 27, 2025 – Virtus Diversified Income & Convertible Fund (NYSE: ACV) declared a distribution of
$0.18 per share to shareholders of record at the close of business on June 12, 2025 (ex-date June 12, 2025).
The following table sets forth the estimated amounts of the most current distribution and the cumulative distributions paid this fiscal year-to-date from the following sources. All amounts are expressed based on U.S. generally accepted accounting principles which may differ from federal income tax regulations.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Distribution Estimates |
|
June 2025 (MTD) |
|
|
Fiscal Year-to-Date
(YTD) (1)
|
|
| (Sources)
|
|
Per Share
Amount |
|
|
Percentage
of Current Distribution |
|
|
Per Share
Amount |
|
|
Percentage
of Current Distribution |
|
|
Net Investment Income |
|
$ |
0.000 |
|
|
|
0.0 |
% |
|
$ |
0.012 |
|
|
|
1.3 |
% |
|
Net Realized Short-Term Capital Gains |
|
|
0.000 |
|
|
|
0.0 |
% |
|
|
0.058 |
|
|
|
6.5 |
% |
|
Net Realized Long-Term Capital Gains |
|
|
0.000 |
|
|
|
0.0 |
% |
|
|
0.136 |
|
|
|
15.1 |
% |
|
Return of Capital (or other Capital Source) |
|
|
0.180 |
|
|
|
100.0 |
% |
|
|
0.694 |
|
|
|
77.1 |
% |
|
Total Distribution |
|
$ |
0.180 |
|
|
|
100.0 |
% |
|
$ |
0.900 |
|
|
|
100.0 |
% |
| |
(1) |
Fiscal year started February 1, 2025. |
Information regarding the Fund’s performance and distribution rates is set forth below. Please note that all performance figures are based on the
Fund’s net asset value (NAV) and not the market price of the Fund’s shares. Performance figures are not meant to represent individual shareholder performance.
|
|
|
|
|
|
May 30, 2025 |
|
|
|
|
|
Average Annual Total Return on NAV for the 5-year period (2) |
|
|
10.98 |
% |
|
Annualized Current Distribution Rate (3) |
|
|
9.88 |
% |
|
Fiscal YTD Cumulative Total Return on NAV (4) |
|
|
-2.91 |
% |
|
Fiscal YTD Cumulative Distribution Rate (5) |
|
|
3.29 |
% |
| |
(2) |
Average Annual Total Return on NAV is the annual compound return for the five-year period. It reflects the change in the
Fund’s NAV and reinvestment of all distributions. |
| |
(3) |
Annualized Current Distribution Rate is the current distribution rate annualized as a percentage of the Fund’s NAV
at month end. |
| |
(4) |
Fiscal YTD Cumulative Total Return on NAV is the percentage change in the Fund’s NAV from the first day of the
fiscal year to this month end, including distributions paid and assuming reinvestment of those distributions. |
Virtus Diversified Income & Convertible Fund - 2
| |
(5) |
Fiscal YTD Cumulative Distribution Rate is the dollar value of distributions from the first day of the fiscal year to this
month end as a percentage of the Fund’s NAV at month end. |
Under the terms of its Managed Distribution Plan, the Fund will
seek to maintain a consistent distribution level that may be paid, in part or in full, from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund’s aggregate net
investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund’s assets and will constitute a return of the shareholder’s capital. You should not draw
any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Managed Distribution Plan.
The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital.
A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be
confused with ‘yield’ or ‘income’.
The amounts and sources 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 for tax purposes 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 you a Form 1099-DIV for the calendar year that will tell you what distributions to report for federal income tax purposes.
For more information on Virtus Diversified Income & Convertible
Fund, contact shareholder services at (866) 270-7788, by email at
closedendfunds@virtus.com, or through the Closed-End Funds section of virtus.com.
CUSIP: 92840N100
#
# #
Virtus Diversified Income & Convertible Fund
Section 19(a) Notice
HARTFORD, CT,
July 30, 2025 – Virtus Diversified Income & Convertible Fund (NYSE: ACV) declared a distribution of
$0.18 per share to shareholders of record at the close of business on July 11, 2025 (ex-date July 11, 2025).
The following table sets forth the estimated amounts of the most current distribution and the cumulative distributions paid this fiscal year-to-date from the following sources. All amounts are expressed based on U.S. generally accepted accounting principles which may differ from federal income tax regulations.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Distribution Estimates |
|
July 2025 (MTD) |
|
|
Fiscal Year-to-Date
(YTD) (1)
|
|
| (Sources)
|
|
Per Share
Amount |
|
|
Percentage
of Current Distribution |
|
|
Per Share
Amount |
|
|
Percentage
of Current
Distribution |
|
|
Net Investment Income |
|
$ |
0.000 |
|
|
|
0.0 |
% |
|
$ |
0.012 |
|
|
|
1.1 |
% |
|
Net Realized Short-Term Capital Gains |
|
|
0.048 |
|
|
|
26.7 |
% |
|
|
0.106 |
|
|
|
9.8 |
% |
|
Net Realized Long-Term Capital Gains |
|
|
0.018 |
|
|
|
10.0 |
% |
|
|
0.154 |
|
|
|
14.3 |
% |
|
Return of Capital (or other Capital Source) |
|
|
0.114 |
|
|
|
63.3 |
% |
|
|
0.808 |
|
|
|
74.8 |
% |
|
Total Distribution |
|
$ |
0.180 |
|
|
|
100.0 |
% |
|
$ |
1.080 |
|
|
|
100.0 |
% |
| |
(1) |
Fiscal year started February 1, 2025. |
Information regarding the Fund’s performance and distribution rates is set forth below. Please note that all performance figures are based on the
Fund’s net asset value (NAV) and not the market price of the Fund’s shares. Performance figures are not meant to represent individual shareholder performance.
|
|
|
|
|
|
June 30, 2025 |
|
|
|
|
|
Average Annual Total Return on NAV for the 5-year period (2) |
|
|
11.40 |
% |
|
Annualized Current Distribution Rate (3) |
|
|
9.35 |
% |
|
Fiscal YTD Cumulative Total Return on NAV (4) |
|
|
3.43 |
% |
|
Fiscal YTD Cumulative Distribution Rate (5) |
|
|
3.89 |
% |
| |
(2) |
Average Annual Total Return on NAV is the annual compound return for the five-year period. It reflects the change in the
Fund’s NAV and reinvestment of all distributions. |
| |
(3) |
Annualized Current Distribution Rate is the current distribution rate annualized as a percentage of the Fund’s NAV
at month end. |
| |
(4) |
Fiscal YTD Cumulative Total Return on NAV is the percentage change in the Fund’s NAV from the first day of the
fiscal year to this month end, including distributions paid and assuming reinvestment of those distributions. |
Virtus Diversified Income & Convertible Fund - 2
| |
(5) |
Fiscal YTD Cumulative Distribution Rate is the dollar value of distributions from the first day of the fiscal year to this
month end as a percentage of the Fund’s NAV at month end. |
Under the terms of its Managed Distribution Plan, the Fund will
seek to maintain a consistent distribution level that may be paid, in part or in full, from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund’s aggregate net
investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund’s assets and will constitute a return of the shareholder’s capital. You should not draw
any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Managed Distribution Plan.
The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital.
A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be
confused with ‘yield’ or ‘income’.
The amounts and sources 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 for tax purposes 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 you a Form 1099-DIV for the calendar year that will tell you what distributions to report for federal income tax purposes.
For more information on Virtus Diversified Income & Convertible
Fund, contact shareholder services at (866) 270-7788, by email at
closedendfunds@virtus.com, or through the Closed-End Funds section of virtus.com.
CUSIP: 92840N100
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