Virtus Convertible & Income 2024 Target Term Fund Price & Performance (CBH)

AllianzGI Convertible & Income Fund (NCV) saw its stock price climb 0.82% to $13.53, with increased trading volume and positive short- and long-term moving averages. Technical indicators suggest a favorable outlook, prompting an upgrade from Hold/Accumulate to Buy. However, analysts caution about potential short-term volatility and recommend monitoring support levels.1

Virtus Total Return Fund Inc. disclosed that a significant portion—54%—of its recent distribution may be classified as a return of capital. This approach, while maintaining steady payouts, could impact long-term shareholder equity. Investors are advised not to equate these distributions with yield or income, as performance may vary.2

Virtus Equity & Convertible Income Fund (NIE) continues to offer a robust $2.00 annual dividend, reflecting an 8.59% yield. The fund invests in growth stocks and convertible securities, and its share price remains stable within the $23.15–$23.37 range. Investors should weigh dividend stability against sector and market risks.3