Virtus Cnvtbl II Stock Price, News & Analysis

Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) announced estimated monthly distributions for December 2025, January 2026 and February 2026.

• NCV: $0.136 per common share with ex-dates on Dec 11 2025, Jan 12 2026, Feb 12 2026 and payables on Dec 30 2025, Jan 29 2026, Feb 26 2026.
• NCZ: $0.12 per common share with the same ex-dates and payables as NCV.

The distributions are described as estimates only and are not for tax reporting; actual tax-reportable amounts and sources will depend on the funds' fiscal-year investment results and tax rules. Shareholders will receive Form 1099-DIV for calendar-year tax reporting.

Virtus Convertible & Income Fund II (NYSE: NCZ) has declared a quarterly cash distribution of $0.34375 per share for its Series A Cumulative Preferred Shares (NCZ PR A). The distribution will be paid on September 30, 2025 to shareholders of record as of September 12, 2025.

The Series A Preferred Shares, rated "A" by Fitch Ratings, were issued in September 2018 at $25.00 per share and feature an annual dividend rate of $1.375 per share. The fund has 4,360,000 preferred shares outstanding, which are now callable at the liquidation value of $25.00 per share plus accrued dividends.

Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) have declared their monthly distributions for September through November 2025. NCV will distribute $0.136 per share monthly, while NCZ will distribute $0.12 per share monthly.

The distributions will be payable on September 29, October 30, and November 26, 2025, with corresponding ex-dates of September 12, October 14, and November 13, 2025. The fund notes that these distribution amounts are estimates and final tax reporting details will be provided via Form 1099-DIV.

Virtus Convertible & Income Fund (NCV) and Virtus Convertible & Income Fund II (NCZ) have declared their monthly distributions for July and August 2025. NCV will distribute $0.136 per share for both months, payable on July 30 and August 28, 2025. NCZ will distribute $0.120 per share, also payable on July 30 and August 28, 2025. The distributions' ex-date and record date are set for July 11 and August 11, 2025, respectively. The company notes that these distribution amounts are estimates and final tax reporting details will be provided via Form 1099-DIV.

Virtus Convertible & Income Fund II (NYSE: NCZ) has declared a quarterly cash distribution of $0.34375 per share for its Series A Cumulative Preferred Shares (NCZ PR A), payable on June 30, 2025, to shareholders of record as of June 12, 2025. The Series A Preferred Shares, rated "A" by Fitch Ratings, carry an annual dividend rate of $1.375 per share. Originally issued on September 11, 2018, at $25.00 per share, these 4,360,000 preferred shares are now callable at any time at their liquidation value of $25.00 per share plus accrued dividends. This distribution covers the period from April 1, 2025, through June 30, 2025.

Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) have announced their monthly distributions to shareholders. The announcement notes that the distribution amounts are estimates and final tax reporting details will be provided via Form 1099-DIV at the end of the calendar year. The actual distribution amounts and sources will be determined based on the fund's investment performance during the remaining fiscal year, subject to tax regulation adjustments.

Virtus Convertible & Income Fund II (NYSE: NCZ) has declared a quarterly cash distribution of $0.34375 per share for its Series A cumulative preferred shareholders. The distribution will be paid on March 31, 2025 to shareholders of record as of March 17, 2025.

The Series A Cumulative Preferred Shares, trading under symbol NCZ PR A, carry an 'A' rating from Fitch Ratings and feature an annual dividend rate of $1.375 per share. Initially issued on September 11, 2018, the 4,360,000 shares were priced at $25.00 per share. The current distribution covers the period from January 1, 2025, through March 31, 2025. The shares are currently callable at their liquidation value of $25.00 per share plus accrued dividends.

Virtus Convertible & Income Fund (NCV) and Virtus Convertible & Income Fund II (NCZ) have announced a 1-for-4 reverse stock split effective February 10, 2025. The splits, approved by each Fund's board, aim to enhance shareholder value by increasing the per-share market price.

Post-split, shareholders will maintain their same percentage ownership, with one new share issued for every four existing shares. Cash payments will be made for fractional shares, except for participants in the Automatic Dividend Reinvestment Plan. The funds will retain their trading symbols but receive new CUSIP numbers.

Following the split, monthly distributions will be proportionally adjusted. NCV will distribute $0.136 per share on February 27 and March 28, 2025, while NCZ will distribute $0.120 per share on the same dates. The reverse splits aim to broaden the investor base and reduce per-share transaction fees and administrative costs.

Virtus Convertible & Income Fund II (NYSE: NCZ) has declared a quarterly cash distribution of $0.34375 per share for its Series A Cumulative Preferred Shares. The distribution is payable on December 31, 2024, to shareholders of record as of December 12, 2024. The preferred shares, trading under NCZ PR A, are rated 'A' by Fitch Ratings with an annual dividend rate of $1.375 per share. Originally issued at $25.00 per share in September 2018, the 4,360,000 preferred shares are now callable at the liquidation value of $25.00 plus accrued dividends.