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

Virtus Convertible & Income 2024 Target Term Fund (CBH) has concluded its planned liquidation, distributing proceeds to shareholders after ceasing operations on August 30, 2024. The fund, launched in 2017, achieved an average annual distribution rate of 6.36% and an annualized total return of 5.34% for initial investors.123

With the Virtus Convertible & Income 2024 Target Term Fund’s termination, shareholders should be alert to potential capital gains or losses from liquidation proceeds. Tax documentation, including Form 1099-DIV, will be issued for accurate reporting. Consulting tax advisors is recommended given the fund’s complex distribution history and liquidation event.34

The CBH fund provided shareholders with $4.2152 per share in total distributions and a final net asset value of $9.2342. While its returns were positive, they were modest compared to broader markets. The fund’s disciplined closure highlights the predictability of target-term structures for income-focused investors.25