Virtus Equity & Convertible Income Fund — Investor Relations & Filings

Virtus Equity & Convertible Income Fund is a closed-end fund that seeks to provide total return through a combination of capital appreciation, current income, and gains. Managed by Voya Investment Management, the fund invests in a diversified portfolio of equity securities and income-producing convertible securities. Under normal market conditions, the fund allocates its assets with 40-80% in equities and 20-60% in convertibles. A key feature of its strategy is the use of an options overlay, where it writes (sells) call options on a significant portion of its equity holdings. This covered call strategy aims to generate additional income from option premiums, enhance shareholder distributions, and potentially reduce overall portfolio risk.