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Virtus Equity & Convertible Income Fund (NIE)

Hybrid / Balanced Funds - Hybrid / Balanced Funds

Data as of May 20, 2024
Current
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
NAV Symbol XNIEX
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
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)
84.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
78.0%
Price Correlation (1yr)
vs. CEFA's Hybrid / Balanced Fund Index
87.0%
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
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
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.88
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
1.17
NAV Beta (2yr)
vs. CEFA's Hybrid / Balanced Fund Index
1.02

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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.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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