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AI brief of an SEC Form 8-K · Virtus Equity & Convertible Income Fund (NIE)

AllianzGI Equity & Convertible Income Fund: Virtus to become its investment manager

Neutral Impact 4 of 5 product/contract Written later

The Fund disclosed that Virtus Investment Advisers, a subsidiary of Virtus Investment Partners, would become the Fund's investment manager under a strategic partnership with AllianzGI announced July 7, 2020. The change requires approval from the Fund's Board of Trustees and shareholders, and the companies expect it to be in place by the end of calendar year 2020, which matters to shareholders because it would change who manages the Fund.

Key points

  • Virtus Investment Advisers would become investment manager to the Fund, subject to Board and shareholder approval.
  • AllianzGI U.S. and Virtus expect the new arrangements to be in place by the end of calendar year 2020.
  • Virtus would become adviser, distributor and/or administrator for about $23 billion of AllianzGI U.S. open-end, closed-end and retail separate account assets as of May 31, 2020; AllianzGI teams would continue as subadvisers.
  • The companies did not disclose specific terms beyond stating there are no payments at closing.

The filing

CompanyVirtus Equity & Convertible Income Fund (NIE)
Form8-K, current report
Filed with the SECJul 7, 2020, 7:55 AM ET
Accession number0001193125-20-188398

Items reported: 7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 07, 2020.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.