CEF Advisors AICA Event NAVigator Podcast

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Virtus Equity & Convertible Income Fund (NIE)

Hybrid / Balanced Funds - Hybrid / Balanced Funds

Data as of May 20, 2024
Market Price $22.63 (+ $0.04)
NAV (May 20, 2024) $25.15 (+ $0.05)
Fund Listed NYSE
Premium / Discount -10.02% (-0.02%)
Fund Info
Inception Feb. 22, 2007
Sponsor Virtus Investment Advisers
Website https://www.virtus.com...
Phone 1-866-270-7788
Location New York
Incorporated Massachusetts
Staggered Board No
Term Date N/A
Objective: Capital appreciation, current income and gains by investing in equity securities and income-producing convertible securities.
Related Indexes
Equity Income Index
60/40 Balanced (w/ BDCs) Index
Discount CEF/BDC Index
Hybrid / Balanced Fund Index
All Sector Equity CEF Index
Capital & Leverage
Outstanding Shares 27,708,965
Total Assets (Reported: Jan. 31, 2024) $671M
Estimated Total Assets $697M
Net Assets $697M
Market Cap $627M
Portfolio Turnover 52.00%
Total Leverage 0.00%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 1.07%
Non Lev Exp Ratio 1.07%
Rel Lev Cost %
Discount Data
Average Discount (3 Yr) -10.74%
Discount Low(3 Yr) -14.71%
Discount High(3 Yr) -6.04%
Discount Rel Range (3 Yr) 54.08%
Comp Discount 0.99
Discount St Dev (1Yr) 0.91
Z-Stat (6mo) 1.19
Z-Stat (1Yr) 0.53
Z-Stat (3Yr) 0.55
Comp Z-Stat (6mo) 0.58
Comp Z-Stat (3Yr) 0.85
Distribution Data
Market Yield 8.84%
Income Yield 0.62%
Lev Adj NAV Yield 7.95%
Distribution Frequency Q
Current Distribution $0.500
Current Income $0.035
Ex-Date 3/8/24
Payable Date 3/28/24
Div Growth (3yr) 31.58%
Dividend Change 31.6% on 12/17/21
Expected Div 6/7/24
RoC (1yr) 56.64%
RoC (3yr) 14.47%
Tax Dividend Data 2023 2021 - 2023
Income 45.6% 49.0%
ST Gains 0% 0%
QDI 9.6% 5.4%
LT Gains 9.8% 36.2%
RoC 44.6% 14.9%
Volume & Liquidity
Average Daily $ (K) $1,563
Avg Volume 30 day 52,564
Avg Volume 90 day 69,071
Volume Trend -23.90%
Comp Volume Trend -17.22%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Hybrid / Balanced Fund Index
Most Correlated Peer (Mk Pr): CSQ 91.0%
NAV - Price Correlation (30 d) 98.2%
NAV - Price Correlation (90 d) 88.7%
NAV - Price Correlation (1 Yr) 96.9%
Price St Dev (1Yr) 13.5%
NAV St Dev (1Yr) 11.6%
Earnings / Share (1/31/24) $0.049
Earn Coverage 9.88%
Earnings Trend Up
UNII / Share (1/31/24) $-0.126
Rel UNII -90.00
UNII Trend Down
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Hybrid / Balanced Fund Index


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

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