Virtus Convertible & Income 2024 Target Term Fund Announces Adjustment to Monthly Distributions [Yahoo! Finance]
Virtus Convertible & Income 2024 Target Term Fund Common Shares of Beneficial Interest (CBH)
US:NYSE Investor Relations:
us.allianzgi.com/en-us/products-solutions/closed-end-funds/4393
Company Research
Source: Yahoo! Finance
anticipated termination on or about September 2, 2024, it will reduce its monthly distribution from $0.046 per share to $0.027 per share effective with the distribution payable March 28, 2024. New Distribution Amount Ex-Date Record Date Payable Date March 8, 2024 March 11, 2024 March 28, 2024 April 10, 2024 April 11, 2024 April 29, 2024 May 10, 2024 May 13, 2024 May 30, 2024 June 13, 2024 June 13, 2024 June 27, 2024 The Fund is a "target term fund" fund that, on the Fund's designated termination date, will cease investment operations, liquidate its portfolio, and distribute the net proceeds to shareholders, unless the term is extended for a period of up to six months by a vote of the Fund's Board of Trustees. In anticipation of its upcoming termination date, the Fund has been shifting its portfolio to shorter duration securities and has paid off its borrowings. As a result, the Fund's yield has decreased. The reduction in the monthly distribution ra
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CBH
Sec Filings
- 4/12/24 - Form N-CEN
- 4/5/24 - Form N-CSR
- 3/21/24 - Form NPORT-P
- CBH's page on the SEC website