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 cash distribution of $0.3515625 per share for Series A cumulative preferred shareholders, payable on March 31, 2023. Shareholders of record as of March 13, 2023 will receive this distribution, which pertains to the period from January 1, 2023 to March 31, 2023. The Series A shares, rated “A” by Fitch, have an annual dividend rate of $1.40625 and were issued at $25.00 per share on September 20, 2018. These shares will be callable after September 20, 2023, at their liquidation value plus accrued dividends.
Virtus Convertible & Income Fund (NCV) and Virtus Convertible & Income Fund II (NCZ) will redeem their remaining auction rate preferred shares (ARPS) from January 23 to January 27, 2023. This follows a prior tender offer where 99.7% of ARPS for NCV and 99.2% for NCZ were successfully tendered. The funds will redeem 29 shares for NCV at $725,000 and 49 shares for NCZ at $1,225,000, each at $25,000 per share plus unpaid dividends. The decision comes due to limited leverage benefits and ongoing costs associated with maintaining ARPS.
Virtus Convertible & Income Fund (NYSE: NCV) has declared a cash distribution of $0.3515625 per share for its Series A cumulative preferred shareholders. The distribution is payable on December 30, 2022, to shareholders of record by December 12, 2022. These preferred shares, rated 'A' by Fitch, have an annual dividend rate of $1.40625 and were issued at $25.00 per share. The shares will be callable after the non-call period ends on September 20, 2023.
Virtus Convertible & Income Fund (NCV) and Virtus Convertible & Income Fund II (NCZ) announced the conclusion of their voluntary tender offers for auction rate preferred shares, with nearly all shares tendered: 99.7% for NCV and 99.2% for NCZ. Payment for the tendered shares will occur on November 2, 2022. The funds have now met the asset coverage ratio necessary for dividend payments, leading to the rescheduled monthly distribution of $0.0375 per common share for NCZ, originally set for October 3, 2022, to be paid on November 4, 2022.
On October 3, 2022, Virtus Convertible & Income Fund (NCV) and Virtus Convertible & Income Fund II (NCZ) announced voluntary tender offers for up to 100% of their outstanding auction rate preferred shares (ARPS). The tender price is set at 97.95% of the ARPS liquidation preference of $25,000 per share, totaling $24,487.50 per share, plus any unpaid dividends. The offer commenced at 12:01 a.m. Eastern Time and will expire on November 1, 2022. The funds will file a tender offer statement with the SEC, and more details will be made available to ARPS holders.
Virtus Convertible & Income Fund (NCV) and Virtus Convertible & Income Fund II (NCZ) announced a voluntary tender offer for up to 100% of their outstanding auction rate preferred shares (ARPS), starting on September 30, 2022. The offer price is set at 97.95% of the ARPS liquidation preference of $25,000, plus accrued unpaid dividends. The offers will last at least 20 business days and will be detailed in documents filed with the SEC. This announcement does not constitute a recommendation or solicitation for selling ARPS. Further details will be shared with ARPS holders via email and through the SEC's website.
Virtus Convertible & Income Fund (NYSE: NCV) declared a cash distribution of $0.3515625 per share for Series A cumulative preferred shareholders, payable on September 30, 2022. Shareholders of record on September 12, 2022 will receive this distribution, which covers the period from July 1, 2022 to September 30, 2022. The preferred shares have an annual dividend rate of $1.40625 and were initially issued at $25.00 per share. They will be callable at their liquidation value after September 20, 2023.
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