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Virtus Equity & Convertible Income Fund
NIEFinancial ServicesNYSEUS
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HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Equity & Convertible Income Fund (NYSE: NIE) today announced it will increase its quarterly distribution from $0.50 per share to $0.58 per share, an increase of 16% or $0.08 per share, effective with the June distribution: Ticker Amount of Distribution Ex-Date/Record Date Payable Date NIE $0.58 June 15, 2026 June 29, 2026 This increase is part of the Fund's ongoing efforts to enhance shareholder value by both seeking to provide a more attractive dist.
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus Convertible & Income Fund (NYSE: NCV), Virtus Convertible & Income Fund II (NYSE: NCZ), Virtus Diversified Income & Convertible Fund (NYSE: ACV), Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ), Virtus Equity & Convertible Income Fund (NYSE: NIE), Virtus Global Multi-Sector Income Fund (NYSE: VGI), Virtus Stone Harbor Emerging Markets Income.
Virtus Equity & Convertible Income Fund (NIE) remains a buy, trading at a 10.64% NAV discount and offering a 7.7% yield. NIE's strategy blends equities and convertibles, with a heavy technology allocation and option writing to amplify income but limit NAV growth. The fund's distributions are well-covered by earnings, but rely heavily on net realized gains, exposing NAV to market downturns.
Virtus Equity and Convertible Income Fund (NYSE: NIE - Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 31,338 shares, an increase of 59.4% from the March 15th total of 19,663 shares. Based on an average daily volume of 77,822 shares,
