{"success":true,"data":{"pressRelease":{"id":"129836","rtpr_id":"nBw2TtnS1a","ticker":"ACV","exchange":"NYSE","all_tickers":["ACV"],"title":"Virtus Diversified Income & Convertible Fund Discloses Sources of Distribution – Section 19(a) Notice","author":"Business Wire","published_at":"2026-08-27T20:15:00.193Z","article_body":"Virtus Diversified Income & Convertible Fund Discloses Sources of\nDistribution – Section 19(a) Notice\n\nVirtus Diversified Income & Convertible Fund\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.virtus.com%2Fproducts%2Fvirtus-allianzgi-diversified-income-convertible-fund%23shareclass.N%2Fperiod.quarterly&esheet=54595779&newsitemid=20260827266364&lan=en-US&anchor=Virtus+Diversified+Income+%26amp%3B+Convertible+Fund&index=1&md5=e342495d182e9e320c4b509bc3611149)\n(NYSE: ACV) previously announced the following monthly distribution on June 3,\n2026:\n Ticker Amount of Distribution Ex-Date/Record Date Payable Date \n ACV $0.18 August 13, 2026 August 28, 2026 \n\n\nUnder the terms of its Managed Distribution Plan, the Fund will seek to\nmaintain a consistent distribution level that may be paid in part or in full,\nfrom net investment income and realized capital gains, or a combination\nthereof. Shareholders should note, however, that if the Fund's aggregate net\ninvestment income and net realized capital gains are less than the amount of\nthe distribution level, the difference will be distributed from the Fund's\nassets and will constitute a return of the shareholder's capital. You should\nnot draw any conclusions about the Fund’s investment performance from the\namount of this distribution or from the terms of the Fund’s Managed\nDistribution Plan.\n\nThe Fund provides this estimate of the sources of its distributions:\n Distribution Estimates August 2026 (MTD) Fiscal Year-to-Date (YTD)( (1)) \n   Per Share Percentage of Current Distribution Per Share Amount Percentage \n \n \n \n \n \n  \nAmount \nof Current Distribution \n \n \n \n(Sources) \n Net Investment Income $ 0.000 0.0 % $ 0.000 0.0 % \n Net Realized Short-Term Capital Gains   0.180 100.0 %   1.260 100.0 % \n Net Realized Long-Term Capital Gains   0.000 0.0 %   0.000 0.0 % \n Return of Capital (or other Capital Source)   0.000 0.0 %   0.000 0.0 % \n Total Distribution $ 0.180 100.0 % $ 1.260 100.0 % \n\n (1) Fiscal year started February 1, 2026. \n\n\nInformation regarding the Fund’s performance and distribution rates is set\nforth below. Please note that all performance figures are based on the\nFund’s net asset value (NAV) and not the market price of the Fund’s\nshares. Performance figures are not meant to represent individual shareholder\nperformance.\n July 31, 2026   \n Average Annual Total Return on NAV for the 5-year period ((2)) 7.73 % \n Annualized Current Distribution Rate ((3)) 7.95 % \n Fiscal YTD Cumulative Total Return on NAV ((4)) 9.09 % \n Fiscal YTD Cumulative Distribution Rate ((5)) 3.97 % \n\n (2) Average Annual Total Return on NAV is the annual compound return for the \n five-year period. It reflects the change in the Fund’s NAV and reinvestment \n of all distributions. \n (3) Annualized Current Distribution Rate is the current distribution rate \n annualized as a percentage of the Fund's NAV at month end. \n (4) Fiscal YTD Cumulative Total Return on NAV is the percentage change in the \n Fund's NAV from the first day of the fiscal year to this month end, including \n distributions paid and assuming reinvestment of those distributions. \n (5) Fiscal YTD Cumulative Distribution Rate is the dollar value of distributions \n from the first day of the fiscal year to this month end as a percentage of the \n Fund's NAV at month end. \n\n\nThe amounts and sources of distributions reported in this notice are estimates\nonly and are not being provided for tax reporting purposes. The actual amounts\nand sources of the distributions for tax purposes will depend on the Fund’s\ninvestment experience during the remainder of its fiscal year and may be\nsubject to changes based on tax regulations. The Fund or your broker will send\nyou a Form 1099-DIV for the calendar year that will tell you what\ndistributions to report for federal income tax purposes.\n\nAbout the Fund\n\nVirtus Diversified Income & Convertible Fund\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.virtus.com%2Fproducts%2Fvirtus-allianzgi-diversified-income-convertible-fund&esheet=54595779&newsitemid=20260827266364&lan=en-US&anchor=Virtus+Diversified+Income+%26amp%3B+Convertible+Fund&index=2&md5=467ef46f210b5f7ea41af934e6fb9e56)\nis a diversified closed-end fund that seeks to provide total return through a\ncombination of current income and capital appreciation, while seeking to\nprovide downside protection against capital loss. The Fund strives to\ndynamically allocate across convertibles, equities, and income-producing\nsecurities. The Fund normally invests at least 50% of total managed assets in\nconvertibles and has the latitude to write covered call options on the stocks\nheld in the equity portion. The Fund has a limited term and will terminate on\nthe first business day following the 15th anniversary of the effective date of\nits registration statement, May 22, 2030, absent approval by the Fund’s\nBoard of Trustees to extend the Fund’s term by up to 12 months. Virtus\nInvestment Advisers, LLC, a registered investment adviser affiliated with\nVirtus Investment Partners, Inc., and Voya Investment Management\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.virtus.com%2Finvestment-partners%2Fvoya-investment-management&esheet=54595779&newsitemid=20260827266364&lan=en-US&anchor=Voya+Investment+Management&index=3&md5=594349d4b85e271eab5b2146c43e45ce)\nprovide investment advisory services to the Fund pursuant to an advisory\nagreement and a sub-advisory agreement, respectively.\n\nFor more information on the Fund, contact shareholder services at (866)\n270-7788, by email at closedendfunds@virtus.com\n(mailto:closedendfunds@virtus.com) , or through the Closed-End Funds\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.virtus.com%2Four-products%2Findividual-investors%2Fclosed-end-funds&esheet=54595779&newsitemid=20260827266364&lan=en-US&anchor=Closed-End+Funds&index=4&md5=f2eb746ec0aaca6477f5c8cc43e65a47)\nsection of virtus.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.virtus.com%2F%23product.all%2Fclass.all&esheet=54595779&newsitemid=20260827266364&lan=en-US&anchor=virtus.com&index=5&md5=4ab32c83aaae2d6dc84592d7c516dd7e)\n.\n\nFund Risks\n\nAn investment in a fund is subject to risk, including the risk of possible\nloss of principal. A fund’s shares may be worth less upon their sale than\nwhat an investor paid for them. Shares of closed-end funds may trade at a\npremium or discount to their NAV. For more information about the Fund’s\ninvestment objective and risks, please see the Fund’s annual report. A copy\nof the Fund’s most recent annual report can be accessed through the\nClosed-End Funds\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.virtus.com%2Four-products%2Findividual-investors%2Fclosed-end-funds%23%2Fasset_sub_class.null%2Fshare_class_id.16%2Ftype.daily%2Frelation.nav&esheet=54595779&newsitemid=20260827266364&lan=en-US&anchor=Closed-End+Funds&index=6&md5=2a783acc1a8d38cf92645237bfdf6096)\nsection of virtus.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.virtus.com%2F%23product.all%2Fclass.all&esheet=54595779&newsitemid=20260827266364&lan=en-US&anchor=virtus.com&index=7&md5=2d9002196c4f7f03355c52f7f0c387c1)\nand may be obtained free of charge by contacting “Shareholder Services” as\nset forth at the end of this press release.\n\nAbout Virtus Investment Partners, Inc.\n\nVirtus Investment Partners\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fir.virtus.com%2Fir-home%2Fdefault.aspx&esheet=54595779&newsitemid=20260827266364&lan=en-US&anchor=Virtus+Investment+Partners&index=8&md5=5a7220e92c1f2d3612b03d09e136a346)\n(NYSE: VRTS) is a distinctive partnership of boutique investment managers\nsingularly committed to the long-term success of individual and institutional\ninvestors. We provide investment products and services from our investment\nmanagers\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.virtus.com%2Four-story%2Finvestment-partners%23product.all%2Fclass.all&esheet=54595779&newsitemid=20260827266364&lan=en-US&anchor=investment+managers&index=9&md5=eaeb7a37647dda4a4cf4c06d4b888fb6)\n, each with a distinct investment style and autonomous investment process, as\nwell as select subadvisers. Investment solutions are available across multiple\ndisciplines and product types to meet a wide array of investor needs.\nAdditional information about our firm, investment partners, and strategies is\navailable at virtus.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.virtus.com%2F%23product.all%2Fclass.all&esheet=54595779&newsitemid=20260827266364&lan=en-US&anchor=virtus.com&index=10&md5=7f807d7ff8386055720e4a1ac3d653e8)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260827266364/en/\n(https://www.businesswire.com/news/home/20260827266364/en/)\n\nFor Further Information: \n\nShareholder Services\n\n(866) 270-7788\n\nclosedendfunds@virtus.com (mailto:closedendfunds@virtus.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw2TtnS1a","title":"Virtus Diversified Income & Convertible Fund Discloses Sources of Distribution – Section 19(a) Notice","author":"Business Wire","ticker":"ACV","created":"2026-08-27T20:15:00.193Z","tickers":["ACV"],"exchange":"NYSE","article_body":"Virtus Diversified Income & Convertible Fund Discloses Sources of\nDistribution – Section 19(a) Notice\n\nVirtus Diversified Income & Convertible Fund\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.virtus.com%2Fproducts%2Fvirtus-allianzgi-diversified-income-convertible-fund%23shareclass.N%2Fperiod.quarterly&esheet=54595779&newsitemid=20260827266364&lan=en-US&anchor=Virtus+Diversified+Income+%26amp%3B+Convertible+Fund&index=1&md5=e342495d182e9e320c4b509bc3611149)\n(NYSE: ACV) previously announced the following monthly distribution on June 3,\n2026:\n Ticker Amount of Distribution Ex-Date/Record Date Payable Date \n ACV $0.18 August 13, 2026 August 28, 2026 \n\n\nUnder the terms of its Managed Distribution Plan, the Fund will seek to\nmaintain a consistent distribution level that may be paid in part or in full,\nfrom net investment income and realized capital gains, or a combination\nthereof. Shareholders should note, however, that if the Fund's aggregate net\ninvestment income and net realized capital gains are less than the amount of\nthe distribution level, the difference will be distributed from the Fund's\nassets and will constitute a return of the shareholder's capital. You should\nnot draw any conclusions about the Fund’s investment performance from the\namount of this distribution or from the terms of the Fund’s Managed\nDistribution Plan.\n\nThe Fund provides this estimate of the sources of its distributions:\n Distribution Estimates August 2026 (MTD) Fiscal Year-to-Date (YTD)( (1)) \n   Per Share Percentage of Current Distribution Per Share Amount Percentage \n \n \n \n \n \n  \nAmount \nof Current Distribution \n \n \n \n(Sources) \n Net Investment Income $ 0.000 0.0 % $ 0.000 0.0 % \n Net Realized Short-Term Capital Gains   0.180 100.0 %   1.260 100.0 % \n Net Realized Long-Term Capital Gains   0.000 0.0 %   0.000 0.0 % \n Return of Capital (or other Capital Source)   0.000 0.0 %   0.000 0.0 % \n Total Distribution $ 0.180 100.0 % $ 1.260 100.0 % \n\n (1) Fiscal year started February 1, 2026. \n\n\nInformation regarding the Fund’s performance and distribution rates is set\nforth below. Please note that all performance figures are based on the\nFund’s net asset value (NAV) and not the market price of the Fund’s\nshares. Performance figures are not meant to represent individual shareholder\nperformance.\n July 31, 2026   \n Average Annual Total Return on NAV for the 5-year period ((2)) 7.73 % \n Annualized Current Distribution Rate ((3)) 7.95 % \n Fiscal YTD Cumulative Total Return on NAV ((4)) 9.09 % \n Fiscal YTD Cumulative Distribution Rate ((5)) 3.97 % \n\n (2) Average Annual Total Return on NAV is the annual compound return for the \n five-year period. It reflects the change in the Fund’s NAV and reinvestment \n of all distributions. \n (3) Annualized Current Distribution Rate is the current distribution rate \n annualized as a percentage of the Fund's NAV at month end. \n (4) Fiscal YTD Cumulative Total Return on NAV is the percentage change in the \n Fund's NAV from the first day of the fiscal year to this month end, including \n distributions paid and assuming reinvestment of those distributions. \n (5) Fiscal YTD Cumulative Distribution Rate is the dollar value of distributions \n from the first day of the fiscal year to this month end as a percentage of the \n Fund's NAV at month end. \n\n\nThe amounts and sources of distributions reported in this notice are estimates\nonly and are not being provided for tax reporting purposes. The actual amounts\nand sources of the distributions for tax purposes will depend on the Fund’s\ninvestment experience during the remainder of its fiscal year and may be\nsubject to changes based on tax regulations. The Fund or your broker will send\nyou a Form 1099-DIV for the calendar year that will tell you what\ndistributions to report for federal income tax purposes.\n\nAbout the Fund\n\nVirtus Diversified Income & Convertible Fund\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.virtus.com%2Fproducts%2Fvirtus-allianzgi-diversified-income-convertible-fund&esheet=54595779&newsitemid=20260827266364&lan=en-US&anchor=Virtus+Diversified+Income+%26amp%3B+Convertible+Fund&index=2&md5=467ef46f210b5f7ea41af934e6fb9e56)\nis a diversified closed-end fund that seeks to provide total return through a\ncombination of current income and capital appreciation, while seeking to\nprovide downside protection against capital loss. The Fund strives to\ndynamically allocate across convertibles, equities, and income-producing\nsecurities. The Fund normally invests at least 50% of total managed assets in\nconvertibles and has the latitude to write covered call options on the stocks\nheld in the equity portion. The Fund has a limited term and will terminate on\nthe first business day following the 15th anniversary of the effective date of\nits registration statement, May 22, 2030, absent approval by the Fund’s\nBoard of Trustees to extend the Fund’s term by up to 12 months. Virtus\nInvestment Advisers, LLC, a registered investment adviser affiliated with\nVirtus Investment Partners, Inc., and Voya Investment Management\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.virtus.com%2Finvestment-partners%2Fvoya-investment-management&esheet=54595779&newsitemid=20260827266364&lan=en-US&anchor=Voya+Investment+Management&index=3&md5=594349d4b85e271eab5b2146c43e45ce)\nprovide investment advisory services to the Fund pursuant to an advisory\nagreement and a sub-advisory agreement, respectively.\n\nFor more information on the Fund, contact shareholder services at (866)\n270-7788, by email at closedendfunds@virtus.com\n(mailto:closedendfunds@virtus.com) , or through the Closed-End Funds\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.virtus.com%2Four-products%2Findividual-investors%2Fclosed-end-funds&esheet=54595779&newsitemid=20260827266364&lan=en-US&anchor=Closed-End+Funds&index=4&md5=f2eb746ec0aaca6477f5c8cc43e65a47)\nsection of virtus.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.virtus.com%2F%23product.all%2Fclass.all&esheet=54595779&newsitemid=20260827266364&lan=en-US&anchor=virtus.com&index=5&md5=4ab32c83aaae2d6dc84592d7c516dd7e)\n.\n\nFund Risks\n\nAn investment in a fund is subject to risk, including the risk of possible\nloss of principal. A fund’s shares may be worth less upon their sale than\nwhat an investor paid for them. Shares of closed-end funds may trade at a\npremium or discount to their NAV. For more information about the Fund’s\ninvestment objective and risks, please see the Fund’s annual report. A copy\nof the Fund’s most recent annual report can be accessed through the\nClosed-End Funds\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.virtus.com%2Four-products%2Findividual-investors%2Fclosed-end-funds%23%2Fasset_sub_class.null%2Fshare_class_id.16%2Ftype.daily%2Frelation.nav&esheet=54595779&newsitemid=20260827266364&lan=en-US&anchor=Closed-End+Funds&index=6&md5=2a783acc1a8d38cf92645237bfdf6096)\nsection of virtus.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.virtus.com%2F%23product.all%2Fclass.all&esheet=54595779&newsitemid=20260827266364&lan=en-US&anchor=virtus.com&index=7&md5=2d9002196c4f7f03355c52f7f0c387c1)\nand may be obtained free of charge by contacting “Shareholder Services” as\nset forth at the end of this press release.\n\nAbout Virtus Investment Partners, Inc.\n\nVirtus Investment Partners\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fir.virtus.com%2Fir-home%2Fdefault.aspx&esheet=54595779&newsitemid=20260827266364&lan=en-US&anchor=Virtus+Investment+Partners&index=8&md5=5a7220e92c1f2d3612b03d09e136a346)\n(NYSE: VRTS) is a distinctive partnership of boutique investment managers\nsingularly committed to the long-term success of individual and institutional\ninvestors. We provide investment products and services from our investment\nmanagers\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.virtus.com%2Four-story%2Finvestment-partners%23product.all%2Fclass.all&esheet=54595779&newsitemid=20260827266364&lan=en-US&anchor=investment+managers&index=9&md5=eaeb7a37647dda4a4cf4c06d4b888fb6)\n, each with a distinct investment style and autonomous investment process, as\nwell as select subadvisers. Investment solutions are available across multiple\ndisciplines and product types to meet a wide array of investor needs.\nAdditional information about our firm, investment partners, and strategies is\navailable at virtus.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.virtus.com%2F%23product.all%2Fclass.all&esheet=54595779&newsitemid=20260827266364&lan=en-US&anchor=virtus.com&index=10&md5=7f807d7ff8386055720e4a1ac3d653e8)\n.\n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260827266364/en/\n(https://www.businesswire.com/news/home/20260827266364/en/)\n\nFor Further Information: \n\nShareholder Services\n\n(866) 270-7788\n\nclosedendfunds@virtus.com (mailto:closedendfunds@virtus.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-08-27T20:15:00.24962337Z","server_sent_at_ms":1787861700249},"received_at":"2026-08-27T20:15:00.434Z","source_url":"https://www.businesswire.com/news/home/20260827266364/en/"},"analysis":{"id":"118758","press_release_id":"129836","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":[],"eventType":"dividend","narrative":"Virtus Diversified Income & Convertible Fund disclosed that its August 2026 distribution of $0.18 per share was funded entirely by net realized short-term capital gains.\n\nThe breakdown indicates 0% of the distribution came from net investment income and 0% from return of capital for the month, while fiscal year-to-date distributions totaled $1.26 per share.\n\nPerformance metrics show a 5-year average annual total return on NAV of 7.73% and an annualized distribution rate of 7.95%, with the fund scheduled to terminate on May 22, 2030.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine distribution source disclosure."},"keyFigures":{"customDimensions":{"annualized_dist_rate":7.95,"return_of_capital_pct":0,"5yr_avg_annual_nav_return":7.73,"net_investment_income_pct":0,"fytd_cumulative_nav_return":9.09,"fytd_distribution_per_share":1.26,"net_realized_lt_cap_gains_pct":0,"net_realized_st_cap_gains_pct":100,"monthly_distribution_per_share":0.18}},"quotedText":"","namedEntities":{"people":[],"products":["Virtus Diversified Income & Convertible Fund"],"companies":[{"name":"Virtus Diversified Income & Convertible Fund","ticker":"ACV"},{"name":"Virtus Investment Partners, Inc.","ticker":"VRTS","relationship":"parent_company"},{"name":"Virtus Investment Advisers, LLC","relationship":"investment_adviser"},{"name":"Voya Investment Management","relationship":"sub_adviser"}],"dollarAmounts":[{"amount":"$0.18","context":"August 2026 monthly distribution per share"},{"amount":"$1.26","context":"Fiscal year-to-date distribution per share"}]},"materialImpact":{"score":1,"reasoning":"Routine Section 19(a) notice disclosing the sources of a previously announced monthly distribution. The breakdown reveals standard fund operations with no material surprises or policy changes."},"tickerRelevance":{"others":[{"ticker":"VRTS","relevance":"parent_company"}],"primary":"ACV"},"globalImportance":5,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"closed_end_fund","eventGravity":"routine_regulatory_disclosure"}},"event_type":"dividend","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Virtus Diversified Income & Convertible Fund disclosed that its August 2026 distribution of $0.18 per share was funded entirely by net realized short-term capital gains.\n\nThe breakdown indicates 0% of the distribution came from net investment income and 0% from return of capital for the month, while fiscal year-to-date distributions totaled $1.26 per share.\n\nPerformance metrics show a 5-year average annual total return on NAV of 7.73% and an annualized distribution rate of 7.95%, with the fund scheduled to terminate on May 22, 2030.","key_figures":{"customDimensions":{"annualized_dist_rate":7.95,"return_of_capital_pct":0,"5yr_avg_annual_nav_return":7.73,"net_investment_income_pct":0,"fytd_cumulative_nav_return":9.09,"fytd_distribution_per_share":1.26,"net_realized_lt_cap_gains_pct":0,"net_realized_st_cap_gains_pct":100,"monthly_distribution_per_share":0.18}},"named_entities":{"people":[],"products":["Virtus Diversified Income & Convertible Fund"],"companies":[{"name":"Virtus Diversified Income & Convertible Fund","ticker":"ACV"},{"name":"Virtus Investment Partners, Inc.","ticker":"VRTS","relationship":"parent_company"},{"name":"Virtus Investment Advisers, LLC","relationship":"investment_adviser"},{"name":"Voya Investment Management","relationship":"sub_adviser"}],"dollarAmounts":[{"amount":"$0.18","context":"August 2026 monthly distribution per share"},{"amount":"$1.26","context":"Fiscal year-to-date distribution per share"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-27T20:42:14.029Z","global_importance":5,"audience_relevance":10,"importance_components":{"tickerTier":"closed_end_fund","eventGravity":"routine_regulatory_disclosure"}},"durationMs":334770,"modelName":"glm-4.7"}}