Welcome to our dedicated page for Virtus Cnvtbl news (Ticker: NCV), a resource for investors and traders seeking the latest updates and insights on Virtus Cnvtbl stock.
Virtus Cnvtbl (NCV) is a closed-end investment fund specializing in convertible securities and income-generating assets. This page serves as the definitive source for official company announcements, financial updates, and strategic developments.
Investors and analysts will find curated press releases covering earnings reports, portfolio adjustments, management updates, and sector-specific initiatives. Our aggregation ensures efficient tracking of NCV's dual strategy balancing capital appreciation with income generation.
Content spans regulatory filings, convertible bond activity, sector allocation changes, and partnership announcements. All materials are sourced directly from company disclosures to maintain accuracy and compliance.
Bookmark this page for streamlined access to Virtus Cnvtbl's evolving investment approach across technology, energy, and media sectors. Check regularly for updates reflecting the fund's multi-manager structure and market responses.
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.
Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) announced a 20% decrease in their monthly distributions, effective from the April distribution payable on May 1, 2023. For NCV, the new distribution will be $0.034 per share, down from $0.0425. Similarly, NCZ's distribution will drop to $0.03 from $0.0375. The adjustment reflects increased costs of leverage and current earnings in the prevailing market environment. Additionally, the reported distribution amounts are estimates and subject to tax regulations, with final amounts determined by the funds' investment performance.
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