HARFORD, Conn., December 20, 2022 /PRNewswire/ — Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH), has announced a special distribution for the end of the year following the long-term dividend of the common shares. This year-end special distribution, which is in addition to regular monthly distributions paid on common shares, is paid by the Fund in accordance with federal tax requirements.

Size of distribution

Old date

Record date

Payable date

$0.0909 per share

December 29, 2022

December 30, 2022

January 10, 2023

The amounts and sources of distribution stated in this notice are estimates only and are not provided for tax reporting purposes. The actual amount and source of the distribution for taxes depends on the experience of the investment during the rest of its fiscal year and may change based on the tax laws. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you which distributions should be reported for federal income tax purposes.

About the Fund
Virtus Convertible & Income 2024 Target Term Fund provides high income and low returns. $9,835 per common share (the original net asset value per common share of the beneficial interest before deducting the offering price $0.02 per share) to the shareholders in common or in the vicinity September 12024. Virtus Investment Advisers, Inc. is the Fund’s investment adviser and Voya Investment Management is its subadviser.

For more information about the Fund, contact Trustee Services at (866) 270-7788, by email at closedendfunds@virtus.comor through the Closed-End Funds division of virtus.com.

Currency risk
Investing in mutual funds is subject to risk, including the possibility of loss of capital. The share of the fund may be less than the amount paid by the employer. Shares of closed-end funds may trade at a premium or discount to their underlying asset value. For more information on investment objectives and risks, see the Fund’s annual report. A copy of the Fund’s most recent annual report may be obtained free of charge by contacting “Client Services” as set forth at the end of this press release.

(PRNewsfoto/Virtus Funds)

(PRNewsfoto/Virtus Funds)

Cision

Cision

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SOURCE Virtus Convertible & Income 2024 Target Term Fund



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