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Virtus Convertible & Income Fund II - NCZ STOCK NEWS

Welcome to our dedicated page for Virtus Convertible & Income Fund II news (Ticker: NCZ), a resource for investors and traders seeking the latest updates and insights on Virtus Convertible & Income Fund II stock.

Virtus Convertible & Income Fund II (symbol: NCZ) is a diversified, closed-end management investment company. Its primary objective is to deliver a total return through a blend of capital appreciation and high current income. The fund achieves this by strategically investing in convertible securities, as well as other income-generating assets.

Operated under the umbrella of Virtus Investment Partners, the fund benefits from the multi-manager asset management business model. This structure comprises various affiliated managers, each with their own distinct investment style and autonomous investment process, ensuring a diversified approach to asset management.

The fund's portfolio encompasses a wide range of sector investments, including healthcare services, media, oil and gas, and consumable fuels, among others. This diversification helps in mitigating risks and optimizing returns, aligning with the fund's objective to balance growth and income.

Virtus Investment Partners prides itself on its core values of integrity, quality, and strength—traits that translate into their investment strategies and client interactions. They are committed to the success of their clients, both individuals, and institutions, providing robust investment management products and services.

Recent achievements and current projects of Virtus Convertible & Income Fund II highlight their continuous effort to maximize investor returns. Their proactive management and adaptive strategies allow them to navigate the complexities of the financial markets effectively.

With a solid financial condition and strong partnerships, Virtus Convertible & Income Fund II aims to maintain its reputation as a reliable investment vehicle. The fund's performance is regularly updated, providing investors with the latest data and insights to make informed decisions.

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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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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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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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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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FAQ

What is Virtus Convertible & Income Fund II?

It is a diversified, closed-end management investment company aiming for total return through capital appreciation and high current income.

What types of investments are included in NCZ's portfolio?

The portfolio includes investments across various sectors such as healthcare services, media, oil, gas, and consumable fuels.

What is the primary objective of Virtus Convertible & Income Fund II?

The primary objective is to provide a total return through a combination of capital appreciation and high current income.

Who manages Virtus Convertible & Income Fund II?

The fund is managed under Virtus Investment Partners, which operates a multi-manager asset management business model.

What sectors does NCZ invest in?

NCZ invests in sectors including healthcare, media, energy, and consumable fuels, among others.

How does Virtus Investment Partners ensure the success of their clients?

They are committed to integrity, quality, and strength, providing tailored investment strategies and robust asset management.

How frequently is the performance of NCZ updated?

The performance of NCZ is regularly updated to provide the latest data and insights for informed investor decisions.

What makes Virtus Investment Partners' management unique?

They operate with distinct investment styles and autonomous processes through various affiliated managers.

What are the core values of Virtus Investment Partners?

The core values are integrity, quality, and strength, guiding their investment strategies and client interactions.

Are there any recent achievements for NCZ?

Yes, recent achievements highlight their continuous effort to maximize investor returns through proactive management and adaptive strategies.

Virtus Convertible & Income Fund II

NYSE:NCZ

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