Virtus AllianzGI Diversified Income & Convertible Fund Discloses Distribution Sources – Section 19(a) Notice | News

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HARTFORD, Conn., February 15, 2022 /PRNewswire/ — Virtus AllianzGI Diversified Income & Convertible Fund (NYSE: ACV) previously announced the following monthly distribution on December 172021:

Distribution amount

Secondment date

Registration Date

Payment date

$0.18

February 10, 2022

February 11, 2022

March 1, 2022

Under its managed distribution plan, the Fund will seek to maintain a constant level of distributions which may be paid in part or in whole out of net investment income and realized capital gains, or a combination thereof. this. Shareholders should note, however, that if the total net investment income and net realized capital gains of the Fund are less than the amount of the distribution level, the difference will be distributed out of the assets of the Fund and will constitute a refund of the shareholder capital. You should not draw any conclusions about the investment performance of the Fund from the amount of such distribution or the terms of the Fund’s managed distribution plan.

The Fund has provided this estimate of the sources of distributions:

Distribution estimates

February 2022 (BAT)

Fiscal year to date (YTD)(1)

(Source)

Per share

Quantity

Current payout percentage

Amount per share

Percentage

current distribution

Net investment income

$0.005

2.78%

$0.005

2.78%

Short-term net realized capital gains

0.175

97.22%

0.175

97.22%

Net realized long-term capital gains

0.0%

0.0%

Return of capital (or other source of capital)

0.0%

0.0%

Total distribution

$0.180

100.0%

$0.180

100.0%

(1)

The fiscal year began on February 1, 2022.

Information regarding the Fund’s performance and distribution rates is set out below. Please note that all performance figures are based on the Fund’s net asset value and not the market price of the Fund’s shares. Performance figures are not intended to represent individual shareholder performance.

January 31, 2022

Average annual total return on net asset value for the 5-year period (2)

17.65%

Current annualized distribution rate for the current year (3)

7.93%

Cumulative total return on net asset value since the beginning of the year (4)

-2.32%

YTD Tax Cumulative Distribution Rate (5)

7.40%

(2)

The average annual total return on net asset value is the compounded annual return for the five-year period. It reflects the change in the net asset value of the Fund and the reinvestment of all distributions.

(3)

The current annualized distribution rate for the current year is the current distribution rate ($0.18 per share) annualized as a percentage of the net asset value of the Fund at the end of the month.

(4)

Year-to-date total return on net asset value is the percentage change in the fund’s net asset value from the first day of the year to the end of that month, including distributions paid and assuming the reinvestment of these distributions.

(5)

The YTD Tax Cumulative Distribution Rate is the dollar value of the distributions from the first day of the financial year through the end of that month as a percentage of the net asset value of the Fund at the end of the month, excluding the distribution special distribution of $5.7985 announced in December 2021. The YTD Tax Cumulative Distribution Rate would be 28.68% if the special distribution was included.

The amounts and sources of distributions set forth in this notice are estimates only and are not provided for tax reporting purposes. The actual amounts and sources of distributions for tax purposes will depend on the Fund’s investment experience over the remainder of its financial year and may be subject to change as a result of tax regulations. The Fund or your dealer will send you a Form 1099-DIV for the calendar year which will tell you which distributions to report for federal income tax purposes.

About the Fund

Virtus AllianzGI Diversified Income & Convertible Fund is a diversified closed-end fund which seeks to provide total return through a combination of current income and capital appreciation, while seeking to provide capital loss protection. The Fund normally invests at least 50% of total assets under management in convertibles. Virtus Investment Advisers, Inc. is the Fund’s investment advisor and Allianz Global Investors is its sub-advisor.

For more information about the Fund, contact Shareholder Services at (800) 254-5197, by email at [email protected]or via the Closed Ended Funds section of virtus.com.

Fund risks

An investment in a fund is subject to risks, including the risk of possible loss of principal. A fund’s shares may be worth less when sold than 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 on each fund’s investment objective and risks, please see the fund’s annual report. A copy of the Fund’s most recent annual report may be obtained free of charge by contacting “Shareholder Services” as indicated at the end of this press release.

About Allianz Global Investors

Allianz Global Investors or AllianzGI is a leading active asset manager with over 750 investment professionals in 25 offices around the world and manages assets for individuals, families and institutions. The investment team has extensive experience in closed-end fund management and a differentiated multi-asset approach based on fundamental research designed to dynamically allocate convertible securities and equities.

About Virtus Investment Partners

Virtus Investment Partners (NASDAQ: VRTS) is a distinctive partnership of specialist investment managers uniquely committed to the long-term success of individual and institutional investors. The Company provides investment management products and services through its affiliated managers and certain sub-advisors, each with a distinct investment style, independent investment process and individual brand. For more information, visit virtus.com.

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SOURCE Virtus AllianzGI Diversified and Convertible Income Fund

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