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.
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.
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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