Virtus Convertible & Income Fund

Virtus Convertible & Income Fund is a diversified closed-end investment fund aimed at providing investors with opportunities for total return, combining capital appreciation and high current income. The fund specializes in constructing a portfolio primarily composed of domestic convertible securities—bonds that can be converted into a predetermined amount of the issuer’s equity—alongside high-yield, below-investment-grade income-producing instruments. This dual focus allows the fund to benefit from both the upside potential of equities and the steady income stream of fixed income. Virtus Convertible & Income Fund typically allocates at least half of its assets to convertible securities, with the remainder invested in other income-producing assets, adjusting these proportions in response to shifting equity prices, interest rates, and economic conditions. The fund appeals to investors seeking a hybrid approach that blends growth and income, while potentially offering lower volatility than direct equity investments. Managed by experienced investment professionals, Virtus Convertible & Income Fund aims to identify issuers with strong operating performance and adaptive business models, offering a strategic option within the broader spectrum of income-oriented investment vehicles.