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Thomas J. Herzfeld Advisors, Inc.

Thomas J. Herzfeld Advisors, Inc. is an investment management firm based in Miami, Florida, specializing in closed-end fund research, analysis, and investment since 1984.

A leader in closed-end funds

Herzfeld Advisors created and calculates The Herzfeld Closed-End Average, which is published weekly in Barron’s and is the oldest, most established closed-end fund index, tracking the price performance and premium/discount levels of domestic U.S. equity closed-end funds since 1987.

Visit the firm’s website

Investors should carefully consider the investment objectives, risks, charges and expenses of any Virtus Mutual Fund before investing. The prospectus and summary prospectus contains this and other information about the fund. Please contact your financial representative, call 1-800-243-4361 to obtain a current prospectus and/or summary prospectus. You should read the prospectus and/or summary prospectus carefully before you invest or send money.