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Virtus Convertible & Income Fund II announces distribution and capital-structure updates for an NYSE-listed closed-end management investment company. The fund seeks total return through capital appreciation and high current income, with Virtus Investment Advisers as investment adviser and Voya Investment Management as subadviser.
Recurring news focuses on quarterly cash distributions for the fund's 5.500% Series A Cumulative Preferred Shares, including dividend terms, accrual periods, liquidation value and callability. Updates also address closed-end fund risks, premium or discount trading relative to net asset value, and common-share actions such as reverse stock split mechanics.
Virtus Convertible & Income Fund II (NCZ) declared a quarterly cash distribution of $0.34375 per share on its 5.500% Series A Cumulative Preferred Shares, payable on September 30, 2026 to shareholders of record on September 23, 2026.
The preferred shares, trading on the NYSE under NCZ PR A, carry an annual dividend rate of $1.375 per share, are rated “A” by Fitch Ratings, and were originally issued on September 11, 2018 at $25.00 per share. The 4,360,000-share series pays quarterly distributions, with this payment covering the accrual period from July 1, 2026 through September 30, 2026. The shares are currently callable at any time at their $25.00 per share liquidation value plus accrued dividends.
Virtus Convertible & Income Fund (NCV) and Virtus Convertible & Income Fund II (NCZ) declared estimated monthly common share distributions for September, October, and November 2026.
NCV plans distributions of $0.136 per share with ex-/record dates on September 14, October 13, and November 12, 2026, payable on September 29, October 29, and November 27, 2026, respectively. NCZ plans distributions of $0.12 per share on the same ex-/record and payable dates.
The funds state these amounts are estimates only and not for tax reporting. Final tax character will be reported on Form 1099-DIV after year-end.
Virtus Convertible & Income Fund II (NYSE: NCZ) declared a quarterly cash distribution of $0.34375 per Series A cumulative preferred share, payable June 30, 2026, to shareholders of record on June 23, 2026.
The Series A preferred, rated “A” by Fitch, pays $1.375 annually, was issued at $25 per share, and is now callable at $25 plus accrued dividends.
Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) declared estimated monthly common share distributions for June, July, and August 2026.
- NCV: $0.136 per share each month
- NCZ: $0.120 per share each month
Amounts are estimates and final tax character will be reported on Form 1099-DIV.
Virtus Convertible & Income Fund II (NYSE: NCZ) declared a quarterly cash distribution of $0.34375 per Series A preferred share, payable March 31, 2026 to holders of record March 24, 2026. The Series A preferred carry an annual dividend of $1.375, trade under NCZ PR A, were issued Sept 11, 2018 at $25.00, and total 4,360,000 shares. The shares are rated A by Fitch and are now callable at the liquidation value of $25.00 plus accrued dividends.
Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) announced estimated monthly distributions for March through May 2026. NCV is scheduled at $0.136 per share and NCZ at $0.120 per share.
Each distribution has listed ex-dates and payable dates: March 16/Mar 30, April 13/Apr 29, and May 11/May 28, 2026. Amounts are estimates and may change for tax reporting; Form 1099-DIV will report final tax information.
Virtus Convertible & Income Fund II (NYSE: NCZ) declared a quarterly cash distribution of $0.34375 per Series A preferred share, payable December 31, 2025 to holders of record on December 11, 2025. The distribution covers the accrual period Oct 1, 2025–Dec 31, 2025. Series A cumulative preferred shares trade as NCZ PR A, carry an annual dividend rate of $1.375 per share, and are rated A by Fitch. 4,360,000 Series A shares were issued on Sept 11, 2018 at a $25.00 liquidation value and pay quarterly distributions. The shares are callable at any time at the $25.00 liquidation value plus accrued dividends.
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.