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Virtus Convertible & Income Fund II - $NCZ STOCK NEWS

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Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Virtus Convertible & Income Fund II's position in the market.

Rhea-AI Summary

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.

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Rhea-AI Summary

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 June 28, 2024, to shareholders of record on June 13, 2024. The Series A shares, rated 'A' by Fitch Ratings, have an annual dividend rate of $1.375 per share and were issued on September 11, 2018, at $25.00 per share.

The shares are now callable at the liquidation value of $25.00 per share plus accrued dividends. This distribution covers the period from April 1, 2024, to June 30, 2024, and the total issuance includes 4,360,000 shares.

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Rhea-AI Summary
Virtus Convertible & Income Fund II (NCZ) declares a $0.34375 per share cash distribution for Series A cumulative preferred shareholders. The shares, rated 'A' by Fitch Ratings, have an annual dividend rate of $1.375 per share and were issued at $25.00 per share in 2018.
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Rhea-AI Summary
Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) have announced upcoming distributions on their common shares. NCV will distribute $0.034 per share on various dates in 2024, while NCZ will distribute $0.030 per share on the same dates. These amounts are estimates and not for tax reporting purposes.
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Virtus Convertible & Income Fund II (NCZ) announced a $0.34375 per share cash distribution to Series A cumulative preferred shareholders of record on December 11, 2023. The Series A Cumulative Preferred Shares, trading under the symbol NCZ PR A, have an annual dividend rate of $1.375 per share and are rated 'A' by Fitch Ratings. The 4,360,000 Series A Cumulative Preferred Shares were issued at $25.00 per share in 2018 and pay distributions quarterly.
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Virtus Convertible & Income Fund II (NYSE: NCZ) declares $0.34375 per share cash distribution on Sep 29, 2023 to Series A cumulative preferred shareholders of record on Sep 11, 2023.
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Virtus Convertible & Income Fund, Virtus Convertible & Income Fund II, and Virtus Convertible & Income 2024 Target Term Fund announce distributions on their common shares.
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Virtus Convertible & Income Fund II

NYSE:NCZ

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