Tax Center: Closed-End Funds

Tax Planning Resources from Virtus Closed-End Funds

Effective tax planning can help you manage your investment strategy. We provide information and tools to guide you through this process – and we give you access to current tax information.


Virtus Closed-End Funds 2021 Tax Information

View the Mailing Schedule for a complete list of 2021 tax form mailing dates. All 1099-DIV & 1099-B tax forms have been mailed, including the extended funds.

Below is a list of Virtus Closed-End Funds on extension for the 2021 Year-End Shareholder Tax Reporting. The 1099-DIV tax forms for these funds were mailed on February 25, 2022.

Symbol; Fund Name CUSIP
NCV Virtus AllianzGI Convertible & Income Fund 92838X102
  Virtus AllianzGI Convertible & Income Fund  Series A 92838X201
  Virtus AllianzGI Convertible & Income Fund Series B 92838X300
  Virtus AllianzGI Convertible & Income Fund Series C 92838X409
  Virtus AllianzGI Convertible & Income Fund Series D 92838X508
  Virtus AllianzGI Convertible & Income Fund Series E 92838X607
NCV PR A Virtus AllianzGI Convertible & Income Fund Series A Cumulative Preferred Shares 92838X706
NCZ Virtus AllianzGI Convertible & Income Fund II 92838U108
  Virtus AllianzGI Convertible & Income Fund II Series A 92838U207
  Virtus AllianzGI Convertible & Income Fund II Series B 92838U306
  Virtus AllianzGI Convertible & Income Fund II Series C 92838U405
  Virtus AllianzGI Convertible & Income Fund II Series D 92838U504
  Virtus AllianzGI Convertible & Income Fund II Series E 92838U603
NCZ PR A Virtus AllianzGI Convertible & Income Fund II Series A Cumulative Preferred Shares 92838U702
NIE Virtus AllianzGI Equity & Convertible Income Fund 92841M101
NFJ Virtus Dividend, Interest & Premium Strategy Fund 92840R101
ACV Virtus AllianzGI Diversified Income & Convertible Fund 92840N100
CBH Virtus AllianzGI Convertible & Income 2024 Target Term Fund 92838R105
AIO Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund 92838Y100

Tax Form Reference Guide and Supplementary Tax Information

Closed-End Fund ICI Schedules

Here is a brief list of the types of forms Virtus Closed-End Funds provides closed-end fund shareholders.

1099-DIV: Dividends and Capital Gains Distributions

Who receives it: Investors in non-retirement accounts who received dividends and/or capital gains distributions over $10, regardless of whether they were reinvested or paid in cash.

  • Sample 1099-DIV Tax Form
  • Non-dividend distributions (Return of Capital) – See Supplemental Tax Information above for additional information.

1099-B: Proceeds from a Sale

Who receives it: Investors who sold shares from their account.

Cost Basis: Reports gains and losses generated from a sale of shares. The IRS requires closed-end fund companies to provide cost basis information to both investors and the IRS on the sale of fund shares acquired on or after January 1, 2012 – called “covered” shares.

  • Cost Basis reporting will be required on shares purchased on or after 1/1/2012 (“covered” shares), including those purchased through the automatic reinvestment of dividends.
  • Cost Basis reporting is not required on shares purchased before 1/1/2012 (“non-covered” shares). Fund companies are not required to provide mandatory cost basis reporting for these shares. Although these shares are not covered, you will be required to report them when you prepare your federal tax return.

Electing a Cost Basis Method

First In, First Out Category is the default method used to determine the cost basis for any “covered” shares for Virtus Closed-End Funds. If you would like to use a different method than First In, First Out, you may change the fund’s default to another method before the first redemption or transfer by contacting shareholder servicing for instructions at 1-866-270-7788. 

We strongly encourage that you consult your tax professional if you have any questions about your cost basis reporting options.  Information can also be obtained by visiting the IRS website at www.irs.gov.