Welcome to our dedicated page for Virtus Cnvtbl II news (Ticker: NCZ), a resource for investors and traders seeking the latest updates and insights on Virtus Cnvtbl II stock.
Virtus Convertible & Income Fund II (NCZ) is a diversified closed-end investment company focused on delivering total returns through capital appreciation and income generation. This page serves as the definitive source for official news, press releases, and strategic updates related to NCZ's operations and market activities.
Investors and analysts will find curated information spanning earnings announcements, portfolio adjustments, leadership developments, and sector-specific initiatives. The fund's multi-manager structure and focus on convertible securities are reflected in updates that matter to stakeholders monitoring risk-managed growth strategies.
Content is organized to provide immediate access to critical updates while maintaining compliance with financial disclosure standards. Regular visitors can track the fund's engagements across healthcare, energy, and other core sectors through verified news sources.
Bookmark this page for streamlined access to NCZ's latest developments, or check back regularly to stay informed on this closed-end fund's evolving position in global markets.
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.
Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) announced a 20% decrease in their monthly distributions, effective from the April distribution payable on May 1, 2023. For NCV, the new distribution will be $0.034 per share, down from $0.0425. Similarly, NCZ's distribution will drop to $0.03 from $0.0375. The adjustment reflects increased costs of leverage and current earnings in the prevailing market environment. Additionally, the reported distribution amounts are estimates and subject to tax regulations, with final amounts determined by the funds' investment performance.
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