Welcome to our dedicated page for Virtus Convertible & Income Fund news (Ticker: NCV), a resource for investors and traders seeking the latest updates and insights on Virtus Convertible & Income Fund stock.
Virtus Convertible & Income Fund (NCV) is a diversified, closed-end management investment company. The fund's core objective is to deliver a total return through a mix of capital appreciation and high current income. To meet this aim, NCV invests in a diverse portfolio of domestic convertible securities and non-convertible income-producing securities.
One of the unique aspects of NCV's investment strategy is its focus on a broad spectrum of sectors. Its portfolio includes investments in Software, the Internet, and the Commercial Services sector through Convertible Bonds and Notes. Additionally, it holds investments in the Media, Oil, Gas & Consumable Fuels, and Entertainment sectors via Corporate Bonds and Notes.
Virtus Convertible & Income Fund is managed by Virtus Investment Partners, which is renowned for its integrity, quality, and strength. Virtus operates a multi-manager asset management business comprising several individual affiliated managers, each with a distinct investment style, autonomous investment process, and individual brand. This ensures a robust and diversified approach to managing the fund, aligning with the company's commitment to client success.
Recent achievements and ongoing projects further solidify NCV's position as a reliable investment option. While the fund continues to adapt and innovate within its investment strategies, its consistent performance underscores its stability and growth potential in the financial market.
By understanding the intrinsic value of each investment and maintaining a balance between risk and reward, Virtus Convertible & Income Fund remains committed to delivering on its promise of high current income and capital appreciation. Investors seeking a diversified and expertly managed investment option will find NCV to be a compelling choice.
Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) announced monthly distributions for July and August 2024. NCV will distribute $0.034 per share on July 30 and August 29, 2024. NCZ will distribute $0.030 per share on the same dates. The reported amounts are estimates and not for tax purposes, with actual distributions dependent on the funds' investment performance and tax regulations. Investors will receive Form 1099-DIV for accurate federal income tax reporting.
Virtus Convertible & Income Fund (NYSE: NCV) has declared a quarterly cash distribution of $0.3515625 per share for its Series A Cumulative Preferred Shares. The payment is scheduled for June 28, 2024, to shareholders of record as of June 13, 2024. These shares, rated 'A' by Fitch Ratings, were issued at $25.00 per share on September 20, 2018, and have an annual dividend rate of $1.40625 per share. The distribution covers the period from April 1, 2024, to June 30, 2024. The shares are callable at any time at their liquidation value plus accrued dividends.
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