UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
(Amendment No. )
Securities Exchange Act of 1934
(Amendment No. )
Filed by the Registrant ☒Filed by a Party other than the Registrant ☐
Check the appropriate box:
☐
Preliminary Proxy Statement
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)).
☒
Definitive Proxy Statement
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Definitive Additional Materials
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Soliciting Material Pursuant to §240.14a-12
VIRTUS ARTIFICIAL INTELLIGENCE TECHNOLOGY OPPORTUNITIES FUND
VIRTUS CONVERTIBLE INCOME 2024 TARGET TERM FUND
VIRTUS CONVERTIBLE INCOME FUND
VIRTUS CONVERTIBLE INCOME FUND II
VIRTUS DIVERSIFIED INCOME CONVERTIBLE FUND
VIRTUS DIVIDEND, INTEREST PREMIUM STRATEGY FUND
VIRTUS EQUITY CONVERTIBLE INCOME FUND
VIRTUS GLOBAL MULTI-SECTOR INCOME FUND
VIRTUS STONE HARBOR EMERGING MARKETS INCOME FUND
VIRTUS TOTAL RETURN FUND INC.
(Name of Registrant as Specified in its Charter)
(Name of Person(s) Filing Proxy Statement if other than the Registrant)
(Name of Person(s) Filing Proxy Statement if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
☒
No fee required.
☐
Fee paid previously with preliminary materials.
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Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11
VIRTUS ARTIFICIAL INTELLIGENCE TECHNOLOGY OPPORTUNITIES FUND
VIRTUS CONVERTIBLE INCOME 2024 TARGET TERM FUND
VIRTUS CONVERTIBLE INCOME FUND
VIRTUS CONVERTIBLE INCOME FUND II
VIRTUS DIVERSIFIED INCOME CONVERTIBLE FUND
VIRTUS DIVIDEND, INTEREST PREMIUM STRATEGY FUND
VIRTUS EQUITY CONVERTIBLE INCOME FUND
VIRTUS GLOBAL MULTI-SECTOR INCOME FUND
VIRTUS STONE HARBOR EMERGING MARKETS INCOME FUND
VIRTUS TOTAL RETURN FUND INC.
VIRTUS CONVERTIBLE INCOME 2024 TARGET TERM FUND
VIRTUS CONVERTIBLE INCOME FUND
VIRTUS CONVERTIBLE INCOME FUND II
VIRTUS DIVERSIFIED INCOME CONVERTIBLE FUND
VIRTUS DIVIDEND, INTEREST PREMIUM STRATEGY FUND
VIRTUS EQUITY CONVERTIBLE INCOME FUND
VIRTUS GLOBAL MULTI-SECTOR INCOME FUND
VIRTUS STONE HARBOR EMERGING MARKETS INCOME FUND
VIRTUS TOTAL RETURN FUND INC.
101 Munson Street
Greenfield, MA 01301-9668
Greenfield, MA 01301-9668
NOTICE OF JOINT ANNUAL MEETING OF SHAREHOLDERS
To be held on June 3, 2024
Notice is hereby given to the shareholders of Virtus Artificial Intelligence Technology Opportunities Fund (“AIO”), Virtus Convertible Income 2024 Target Term Fund (“CBH”), Virtus Convertible Income Fund (“NCV”), Virtus Convertible Income Fund II (“NCZ”), Virtus Diversified Income Convertible Fund (“ACV”), Virtus Dividend, Interest Premium Strategy Fund (“NFJ”) and Virtus Equity Convertible Income Fund (“NIE”), each a Massachusetts business trust, Virtus Global Multi-Sector Income Fund (“VGI”), a Delaware statutory trust, Virtus Stone Harbor Emerging Markets Income Fund (“EDF”), a Massachusetts business trust, and Virtus Total Return Fund Inc. (“ZTR”), a Maryland corporation* (each of AIO, CBH, NCV, NCZ, ACV, NFJ, NIE, VGI, EDF and ZTR, a “Fund” and collectively, the “Funds”), that the Joint Annual Meeting of Shareholders of the Funds (the “Annual Meeting”) will be held on June 3, 2024 at 3:30 p.m. Eastern Time. The Annual Meeting will be held in a virtual meeting format only and will be conducted exclusively by webcast. You will be able to attend and participate in the Annual Meeting online, vote your shares electronically and submit your questions prior to and during the meeting by visiting:
www.meetnow.global/MSJQNWR
on June 3, 2024 at 3:30 p.m. Eastern Time and entering the control number found in the shaded box of your proxy card. You will not be able to attend the meeting physically. The Annual Meeting is being held for the following purposes:
*
The members of the Board of ZTR are directors, as that Fund is organized as a corporation; however, when referencing Board members generally throughout these proxy materials, we will refer to them as “trustees” unless the context is specific to ZTR.
1.
To elect trustees of AIO, as follows:
a.
Elect Donald C. Burke as a Class II trustee of AIO, by the AIO shareholders (“Proposal 1a”);
b.
Elect F. Ford Drummond as a Class II trustee of AIO, by the AIO shareholders (“Proposal 1b”);
c.
Elect Connie D. McDaniel as a Class II trustee of AIO, by the AIO shareholders (“Proposal 1c”);
d.
Elect Philip R. McLoughlin as a Class II trustee of AIO, by the AIO shareholders (“Proposal 1d”);
2.
To elect trustees of CBH, as follows:
a.
Elect Connie D. McDaniel as a Class I trustee of CBH, by the CBH shareholders (“Proposal 2a”);
b.
Elect Philip R. McLoughlin as a Class I trustee of CBH, by the CBH shareholders (“Proposal 2b”);
c.
Elect R. Keith Walton as a Class II trustee of CBH, by the CBH shareholders (“Proposal 2c”);
d.
Elect Brian T. Zino as a Class I trustee of CBH, by the CBH shareholders (“Proposal 2d”);
3.
To elect trustees of NCV, as follows:
a.
Elect Deborah A. DeCotis as a Class III trustee of NCV, by the NCV shareholders (“Proposal 3a”);
b.
Elect F. Ford Drummond as a Class III trustee of NCV, by the NCV shareholders of preferred shares (“Proposal 3b”);
c.
Elect Connie D. McDaniel as a Class I trustee of NCV, by the NCV shareholders (“Proposal 3c”);
d.
Elect Brian T. Zino as a Class III trustee of NCV, by the NCV shareholders (“Proposal 3d”);
4.
To elect trustees of NCZ, as follows:
a.
Elect F. Ford Drummond as a Class III trustee of NCZ, by the NCZ shareholders of preferred shares (“Proposal 4a”);
b.
Elect Connie D. McDaniel as a Class III trustee of NCZ, by the NCZ shareholders (“Proposal 4b”);
c.
Elect Geraldine M. McNamara as a Class III trustee of NCZ, by the NCZ shareholders (“Proposal 4c”);
d.
Elect R. Keith Walton as a Class III trustee of NCZ, by the NCZ shareholders (“Proposal 4d”);
5.
To elect trustees of ACV, as follows:
a.
Elect Sarah E. Cogan as a Class III trustee of ACV, by the ACV shareholders of preferred shares (“Proposal 5a”);
b.
Elect Deborah A. DeCotis as a Class III trustee of ACV, by the ACV shareholders (“Proposal 5b”);
c.
Elect Connie D. McDaniel as a Class I trustee of ACV, by the ACV shareholders (“Proposal 5c”);
d.
Elect Philip R. McLoughlin as a Class III trustee of ACV, by the ACV shareholders (“Proposal 5d”);
6.
To elect trustees of NFJ, as follows:
a.
Elect Donald C. Burke as a Class II trustee of NFJ, by the NFJ shareholders (“Proposal 6a”);
b.
Elect Connie D. McDaniel as a Class I trustee of NFJ, by the NFJ shareholders (“Proposal 6b”);
c.
Elect Geraldine M. McNamara as a Class I trustee of NFJ, by the NFJ shareholders (“Proposal 6c”);
d.
Elect Brian T. Zino as a Class I trustee of NFJ, by the NFJ shareholders (“Proposal 6d”);
7.
To elect trustees of NIE, as follows:
a.
Elect Donald C. Burke as a Class II trustee of NIE, by the NIE shareholders (“Proposal 7a”);
b.
Elect F. Ford Drummond as a Class II trustee of NIE, by the NIE shareholders (“Proposal 7b”);
c.
Elect Connie D. McDaniel as a Class II trustee of NIE, by the NIE shareholders (“Proposal 7c”);
d.
Elect Philip R. McLoughlin as a Class II trustee of NIE, by the NIE shareholders (“Proposal 7d”);
8.
To elect trustees of VGI, as follows:
a.
Elect George R. Aylward as a Class III trustee of VGI, by the VGI shareholders (“Proposal 8a”);
b.
Elect F. Ford Drummond as a Class III trustee of VGI, by the VGI shareholders (“Proposal 8b”);
c.
Elect Connie D. McDaniel as a Class III trustee of VGI, by the VGI shareholders (“Proposal 8c”);
d.
Elect Philip R. McLoughlin as a Class III trustee of VGI, by the VGI shareholders (“Proposal 8d”);
9.
To elect trustees of EDF, as follows:
a.
Elect George R. Aylward as a Class I trustee of EDF, by the EDF shareholders (“Proposal 9a”);
b.
Elect Deborah A. DeCotis as a Class I trustee of EDF, by the EDF shareholders (“Proposal 9b”);
c.
Elect John R. Mallin as a Class I trustee of EDF, by the EDF shareholders (“Proposal 9c”);
d.
Elect R. Keith Walton as a Class I trustee of EDF, by the EDF shareholders (“Proposal 9d”);
10.
To elect directors of ZTR, as follows:
a.
Elect Donald C. Burke as a Class I director of ZTR, by the ZTR shareholders (“Proposal 10a”);
b.
Elect Sarah E. Cogan as a Class I director of ZTR, by the ZTR shareholders (“Proposal 10b”);
c.
Elect Deborah A. DeCotis as a Class I director of ZTR, by the ZTR shareholders (“Proposal 10c”);
d.
![[MISSING IMAGE: sg_jennifersfrommnew-bw.jpg]](sg_jennifersfrommnew-bw.jpg)
Elect Sidney E. Harris as a Class I director of ZTR, by the ZTR shareholders (“Proposal 10d”);
11.
To transact such other business as may properly come before the Annual Meeting or any adjournments, postponements or delays thereof, by the AIO, CBH, NCV, NCZ, ACV, NFJ, NIE, VGI, EDF and/or ZTR shareholders.
THE BOARD OF TRUSTEES (THE “BOARD”) OF EACH FUND, INCLUDING THE INDEPENDENT TRUSTEES, UNANIMOUSLY RECOMMENDS THAT YOU VOTE “
FOR
” ELECTING EACH TRUSTEE NOMINEE.
The Board has fixed the close of business on April 3, 2024, as the record date for the determination of shareholders entitled to notice of, and to vote at, the Annual Meeting. We urge you to mark, sign, date, and mail the enclosed proxy or proxies in the postage-paid envelope provided, or vote via the Internet or telephone, so you will be represented at the Annual Meeting.
By order of the Board,
Jennifer S. Fromm
Secretary
Secretary
Virtus Artificial Intelligence Technology Opportunities Fund
Virtus Convertible Income 2024 Target Term Fund
Virtus Convertible Income Fund
Virtus Convertible Income Fund II
Virtus Diversified Income Convertible Fund
Virtus Dividend, Interest Premium Strategy Fund
Virtus Equity Convertible Income Fund
Virtus Global Multi-Sector Income Fund
Virtus Stone Harbor Emerging Markets Income Fund
Virtus Total Return Fund Inc.
Virtus Convertible Income 2024 Target Term Fund
Virtus Convertible Income Fund
Virtus Convertible Income Fund II
Virtus Diversified Income Convertible Fund
Virtus Dividend, Interest Premium Strategy Fund
Virtus Equity Convertible Income Fund
Virtus Global Multi-Sector Income Fund
Virtus Stone Harbor Emerging Markets Income Fund
Virtus Total Return Fund Inc.
April 9, 2024
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IMPORTANT:
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Shareholders are cordially invited to attend the Annual Meeting (virtually). In order to avoid delay and additional expense, and to assure that your shares are represented, please vote as promptly as possible, even if you plan to attend the Annual Meeting (virtually). Please refer to the website and telephone number indicated on your proxy card for instructions on how to cast your vote. To vote by telephone, please call the toll-free number located on your proxy card and follow the recorded instructions, using your proxy card as a guide. To vote by mail, please complete, sign, date, and mail the enclosed proxy card. No postage is required if you use the accompanying envelope to mail the proxy card in the United States. The proxy is revocable and will not affect your right to vote in person (virtually) if you attend the Annual Meeting and elect to vote in person (virtually).
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Instructions for signing proxy cards
The following general guidelines for signing proxy cards may be of assistance to you and avoid the time and expense to the Funds of validating your vote if you fail to sign your proxy card(s) properly.
1.
Individual accounts:
Sign your name exactly as it appears in the registration on the proxy card.
2.
Joint accounts:
Either party may sign, but the name of the party signing should conform exactly to the name shown in the registration on the proxy card.
3.
All other accounts:
The capacity of the individual signing the proxy card should be indicated unless it is reflected in the form of registration. For example:
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Registrations
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Valid Signature
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Corporate Accounts
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(1) ABC Corp
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(1) ABC Corp
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| | (2) ABC Corp | | | (2) John Doe, Treasurer | | ||
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(3) ABC Corp. c/o John Doe, Treasurer
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| | (4) ABC Corp. Profit Sharing Plan | | | (4) John Doe, Trustee | | ||
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Partnership Accounts
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(1) The XYZ partnership
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(1) Jane B. Smith, Partner
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(2) Smith and Jones, limited partnership
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(2) Jane B. Smith, General Partner
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Trust Accounts
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(1) ABC Trust
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(1) John Doe, Trustee
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(2) Jane B. Doe, Trustee u/t/d 12/28/78
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Custodial or Estate Accounts
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(1) John B. Smith, Cust. f/b/o John B. Smith, Jr. UGMA
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(1) John B. Smith
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| | (2) Estate of John B. Smith | | | (2) John B. Smith, Jr., Executor | |
Instruction/QA Section
Q:
How can I attend the Annual Meeting?
A:
The Annual Meeting will be a completely virtual meeting of shareholders, which will be conducted exclusively by webcast. You are entitled to participate in the Annual Meeting only if you were a shareholder of a Fund as of the close of business on the Record Date, or if you hold a valid proxy for the Annual Meeting. No physical meeting will be held.
You will be able to attend the Annual Meeting online and submit your questions during the meeting by visiting
www.meetnow.global/MSJQNWR
. You also will be able to vote your shares online by attending the Annual Meeting by webcast.
To participate in the Annual Meeting, you will need to log on using the control number from your proxy card or meeting notice. The control number can be found in the shaded box.
If you hold your shares through an intermediary, such as a bank or broker, you must register in advance using the instructions below.
The online meeting will begin promptly at 3:30 p.m. Eastern Time. We encourage you to access the meeting room virtually prior to the start time leaving ample time for the check in. Please follow the access instructions as outlined in this proxy statement.
Q:
How do I register to attend the Annual Meeting virtually on the Internet?
A:
If you are a registered shareholder, you do not need to register to attend the Annual Meeting virtually on the Internet. If you hold your shares through an intermediary, such as a bank or broker, you must register in advance to attend the Annual Meeting virtually on the Internet.
To register to attend the Annual Meeting online by webcast you must submit proof of your proxy power (legal proxy) reflecting your Fund holdings along with your name and email address to Computershare at the email address below. You must contact the bank or broker who holds your shares to obtain your legal proxy. Requests for registration must be labeled as “Legal Proxy” and be received no later than 5:00 p.m. Eastern Time on May 29, 2024.
You will receive a confirmation of your registration by email after we receive your legal proxy.
Requests for registration should be directed to us by emailing an image of your legal proxy, to
shareholdermeetings@computershare.com
.
Q:
What if I have trouble accessing the Annual Meeting virtually?
A:
The virtual meeting platform is fully supported across MS Edge, Firefox, Chrome and Safari browsers and devices (desktops, laptops, tablets and cell phones) running the most up-to-date version of applicable software and plugins. Please note that Internet Explorer is no longer supported. Participants should ensure that they have a strong WiFi connection wherever they intend to participate in the meeting. We encourage you to access the meeting room virtually prior to the start time. A link on the virtual meeting room page will provide further assistance should you need it or you may call 1-888-724-2416 or 1-781-575-2748.
PROXY STATEMENT
FOR
JOINT ANNUAL MEETING OF SHAREHOLDERS
TO BE HELD ON
JUNE 3, 2024
FOR
JOINT ANNUAL MEETING OF SHAREHOLDERS
TO BE HELD ON
JUNE 3, 2024
This Proxy Statement is furnished in connection with the solicitation by each Board of Trustees (the “Board”, or the “Trustees”) of Virtus Artificial Intelligence Technology Opportunities Fund (“AIO”), Virtus Convertible Income 2024 Target Term Fund (“CBH”), Virtus Convertible Income Fund (“NCV”), Virtus Convertible Income Fund II (“NCZ”), Virtus Diversified Income Convertible Fund (“ACV”), Virtus Dividend, Interest Premium Strategy Fund (“NFJ”) and Virtus Equity Convertible Income Fund (“NIE”), each a Massachusetts business trust, Virtus Global Multi-Sector Income Fund (“VGI”), a Delaware statutory trust, Virtus Stone Harbor Emerging Markets Income Fund (“EDF”), a Massachusetts business trust, and Virtus Total Return Fund Inc. (“ZTR”), a Maryland corporation (each of AIO, CBH, NCV, NCZ, ACV, NFJ, NIE, VGI, EDF and ZTR, a “Fund” and together, the “Funds”), of proxies to be voted at the Joint Annual Meeting of Shareholders of the Funds (the “Annual Meeting”) on June 3, 2024 at 3:30 p.m. Eastern Time. The Annual Meeting will be held in a virtual meeting format only and will be conducted exclusively by webcast. You will be able to attend and participate in the Annual Meeting online, vote your shares electronically and submit your questions by visiting: www.meetnow.global/MSJQNWR on June 3, 2024 at 3:30 p.m. Eastern Time and entering the control number found in the shaded box of your proxy card. You will not be able to attend the meeting physically.
This document gives you the information you need to vote on the matters listed on the accompanying Notice of Joint Annual Meeting of Shareholders (“Notice of Annual Meeting”). This Proxy Statement, the Notice of Annual Meeting, and the proxy card are first being mailed to shareholders on or about April 12, 2024.
Summary of Proposals to be Voted Upon
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Proposal
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Shareholders
Entitled to Vote | | |||
| 1a | | | Elect Donald C. Burke as a Class II trustee of AIO | | | AIO shareholders | |
| 1b | | | Elect F. Ford Drummond as a Class II trustee of AIO | | | AIO shareholders | |
| 1c | | |
Elect Connie D. McDaniel as a Class II trustee of AIO
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| | AIO shareholders | |
| 1d | | |
Elect Philip R. McLoughlin as a Class II trustee of AIO
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| | AIO shareholders | |
| 2a | | |
Elect Connie D. McDaniel as a Class I trustee of CBH
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| | CBH shareholders | |
| 2b | | |
Elect Philip R. McLoughlin as a Class I trustee of CBH
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| | CBH shareholders | |
| 2c | | | Elect R. Keith Walton as a Class II trustee of CBH | | | CBH shareholders | |
| 2d | | | Elect Brian T. Zino as a Class I trustee of CBH | | | CBH shareholders | |
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Proposal
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Shareholders
Entitled to Vote | | |||
| 3a | | | Elect Deborah A. DeCotis as a Class III trustee of NCV | | | NCV shareholders | |
| 3b | | |
Elect F. Ford Drummond as a Class III trustee of NCV
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| | NCV shareholders of preferred shares | |
| 3c | | |
Elect Connie D. McDaniel as a Class I trustee of NCV
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| | NCV shareholders | |
| 3d | | | Elect Brian T. Zino as a Class III trustee of NCV | | | NCV shareholders | |
| 4a | | |
Elect F. Ford Drummond as a Class III trustee of NCZ
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| | NCZ shareholders of preferred shares | |
| 4b | | | Elect Connie D. McDaniel as a Class III trustee of NCZ | | | NCZ shareholders | |
| 4c | | | Elect Geraldine M. McNamara as a Class III trustee of NCZ | | | NCZ shareholders | |
| 4d | | | Elect R. Keith Walton as a Class III trustee of NCZ | | | NCZ shareholders | |
| 5a | | | Elect Sarah E. Cogan as a Class III trustee of ACV | | | ACV shareholders of preferred shares | |
| 5b | | | Elect Deborah A. DeCotis as a Class III trustee of ACV | | | ACV shareholders | |
| 5c | | |
Elect Connie D. McDaniel as a Class I trustee of ACV
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| | ACV shareholders | |
| 5d | | | Elect Philip R. McLoughlin as a Class III trustee of ACV | | | ACV shareholders | |
| 6a | | | Elect Donald C. Burke as a Class II trustee of NFJ | | | NFJ shareholders | |
| 6b | | |
Elect Connie D. McDaniel as a Class I trustee of NFJ
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| | NFJ shareholders | |
| 6c | | | Elect Geraldine M. McNamara as a Class I trustee of NFJ | | | NFJ shareholders | |
| 6d | | | Elect Brian T. Zino as a Class I trustee of NFJ | | | NFJ shareholders | |
| 7a | | | Elect Donald C. Burke as a Class II trustee of NIE | | | NIE shareholders | |
| 7b | | | Elect F. Ford Drummond as a Class II trustee of NIE | | | NIE shareholders | |
| 7c | | |
Elect Connie D. McDaniel as a Class II trustee of NIE
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| | NIE shareholders | |
| 7d | | |
Elect Philip R. McLoughlin as a Class II trustee of NIE
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| | NIE shareholders | |
| 8a | | |
Elect George R. Aylward as a Class III trustee of VGI
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| | VGI shareholders | |
| 8b | | |
Elect F. Ford Drummond as a Class III trustee of VGI
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| | VGI shareholders | |
| 8c | | |
Elect Connie D. McDaniel as a Class III trustee of VGI
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| | VGI shareholders | |
| 8d | | | Elect Philip R. McLoughlin as a Class III trustee of VGI | | | VGI shareholders | |
| 9a | | | Elect George R. Aylward as a Class I trustee of EDF | | | EDF shareholders | |
| 9b | | |
Elect Deborah A. DeCotis as a Class I trustee of EDF
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| | EDF shareholders | |
| 9c | | | Elect John R. Mallin as a Class I trustee of EDF | | | EDF shareholders | |
| 9d | | | Elect R. Keith Walton as a Class I trustee of EDF | | | EDF shareholders | |
| 10a | | | Elect Donald C. Burke as a Class I director of ZTR | | | ZTR shareholders | |
| 10b | | | Elect Sarah E. Cogan as a Class I director of ZTR | | | ZTR shareholders | |
| 10c | | |
Elect Deborah A. DeCotis as a Class I director of ZTR
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| | ZTR shareholders | |
2
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Proposal
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Shareholders
Entitled to Vote | | |||
| 10d | | | Elect Sidney E. Harris as a Class I director of ZTR | | | ZTR shareholders | |
| 11 | | | Transact such additional business as properly comes before the Annual Meeting | | | AIO, CBH, NCV, NCZ, ACV, NFJ, NIE, VGI, EDF and/or ZTR shareholders | |
3
submit proof of your proxy power (legal proxy) reflecting your Fund holdings along with your name and email address to Computershare. Requests for registration must be labeled as “Legal Proxy” and be received no later than 5:00 p.m. Eastern Time on May 29, 2024.
You will receive a confirmation of your registration by email after we receive your registration materials.
Requests for registration should be directed to us by emailing an image of your legal proxy to shareholdermeetings@computershare.com.
The online meeting will begin promptly at 3:30 p.m. Eastern Time. We encourage you to access the meeting prior to the start time leaving ample time for the check in. Please follow the registration instructions as outlined in this proxy statement.
The record date for determining shareholders entitled to notice of, and to vote at, the Annual Meeting and at any adjournment or postponement thereof has been fixed at the close of business on April 3, 2024 (the “Record Date”), and each shareholder of record at that time is entitled to cast one vote for each Share (or fractional vote for each fractional Share) registered in his or her name, with no cumulative voting rights in the election of Trustees, except as otherwise described in the following paragraph.
At the Annual Meeting, the election of certain Trustees (the “Preferred Shares Trustees”) of NCV, NCZ and ACV will be voted on exclusively by the applicable Fund’s Preferred Shareholders. For NCV and NCZ, with regard to any matter where holders of Preferred Shares are entitled to vote as a class separate from holders of Common Shares, including the election of Preferred Shares Trustees, each Preferred Share will entitle its holder to one vote for every $25.00 in liquidation preference represented by such Preferred Share (and any fraction of $25.00 shall be entitled to a proportionate fractional vote). For ACV, Preferred Shares will entitle their holders to one vote per share in the election of the Preferred Shares Trustees. On each other proposal to be brought before the Annual Meeting (including the election of the nominees other than the Preferred Shares Trustees by all Shareholders), the Preferred Shareholders of each of NCV, NCZ and ACV will have equal voting rights (i.e., one vote per Share) with the applicable Fund’s Common Shareholders and will vote together with Common Shareholders as a single class. As of the Record Date, NCV and NCZ each had outstanding series of cumulative preferred shares (“Cumulative Preferred Shares”) and mandatory redeemable preferred shares (“MRP Shares”), each with liquidation preference of $25.00 per share, and ACV had outstanding series of MRP Shares with liquidation preference of $25.00 per share.
The following table sets forth the number of Common Shares and Preferred Shares issued and outstanding of each Fund as of the close of business on the Record Date.
4
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Outstanding
Common Shares | | |
Outstanding
Preferred Shares | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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AIO
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| | | | 34,340,972.000 | | | | | | N/A | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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CBH
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| | | | 18,263,597.000 | | | | | | N/A | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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NCV
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| | | | 90,373,569.000 | | | | | | 6,640,000.000 (1) | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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NCZ
|
| | | | 76,115,749.000 | | | | | | 5,240,000.000 (2) | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
ACV
|
| | | | 10,370,564.000 | | | | | | 1,200,000.000 (3) | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
NFJ
|
| | | | 94,801,581.000 | | | | | | N/A | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
NIE
|
| | | | 27,708,965.000 | | | | | | N/A | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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VGI
|
| | | | 11,313,093.602 | | | | | | N/A | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
EDF
|
| | | | 29,028,048.000 | | | | | | N/A | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
ZTR
|
| | | | 68,578,328.000 | | | | | | N/A | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Name, Year of
Birth and Number of Portfolios in Funds Complex Overseen by Trustee (1)(2) | | |
Term of Office and
Length of Time Served (3)
|
|
|
Principal
Occupation(s) During Past Five Years
|
|
|
Other Directorships/
Trusteeships Held by Trustee During the Past Five Years
|
Independent Trustees and Advisory Board Members
(4)
|
|
|
|
|
|
|
|
Burke, Donald C.
| YOB: 1960 Portfolios Overseen: 94
|
|
|
Class II Trustee of AIO since 2023, nominee for term expiring 2027
Class II Trustee of NFJ since 2023, nominee for term expiring 2025
Class II Trustee of NIE since 2023, nominee for term expiring 2027
Class II Trustee of VGI since 2020, term expires at the 2026 Annual Meeting
Class II Trustee of EDF since 2022, term expires at the 2025 Annual Meeting
Class I Director of ZTR since 2020, nominee for term expiring 2027
Advisory Board Member of CBH, NCV, NCZ and ACV since 2023
|
|
Private investor (since 2009). Formerly, President and Chief Executive Officer, BlackRock U.S. Funds (2007 to 2009); Managing Director, BlackRock, Inc. (2006 to 2009); and Managing Director, Merrill Lynch Investment Managers (1990 to 2006).
|
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|
Trustee (since May 2023) and Advisory Board Member (May 2023), Virtus Artificial Intelligence Technology Opportunities Fund, Virtus Dividend, Interest Premium Strategy Fund and Virtus Equity Convertible Income Fund; Advisory Board Member (since May 2023), Virtus Convertible Income 2024 Target Term Fund, Virtus Convertible Income Fund, Virtus Convertible Income Fund II and Virtus Diversified Income Convertible Fund; Trustee (since 2022), Virtus Stone Harbor Emerging Markets Income Fund; Trustee (2022 to 2023), Virtus Stone Harbor Emerging Markets Total Income Fund; Trustee (since 2021), The Merger Fund
®
, The Merger Fund
®
VL, Virtus Event Opportunities Trust (2 portfolios), Virtus
|
|
9
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