Two Virtus Closed-End Funds Announce Four Monthly Distributions: NCV, NCZ
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.
03/01/2024 - 08:15 AM
HARTFORD, Conn. --(BUSINESS WIRE)--
Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) announced the following distributions on their respective common shares:
Virtus Convertible & Income Fund:
Ticker
Amount of Distribution
Ex-Date
Record Date
Payable Date
NCV
$0.03 4
March 8, 2024
March 11, 2024
March 28, 2024
NCV
$0.03 4
April 10, 2024
April 11, 2024
April 29, 2024
NCV
$0.03 4
May 10, 2024
May 13, 2024
May 30, 2024
NCV
$0.03 4
June 13, 2024
June 13, 2024
June 27, 2024
Virtus Convertible & Income Fund II:
Ticker
Amount of Distribution
Ex-Date
Record Date
Payable Date
NCZ
$0.03 0
March 8, 2024
March 11, 2024
March 28, 2024
NCZ
$0.03 0
April 10, 2024
April 11, 2024
April 29, 2024
NCZ
$0.03 0
May 10, 2024
May 13, 2024
May 30, 2024
NCZ
$0.03 0
June 13, 2024
June 13, 2024
June 27, 2024
The amounts of distributions reported in this notice are estimates only and are not being provided for tax reporting purposes. The actual amounts and sources of the distributions for tax purposes will depend on the fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you what distributions to report for federal income tax purposes.
About the Funds
Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II each have an investment objective to provide total return through a combination of capital appreciation and high current income. Virtus Investment Advisers, Inc. is the investment adviser to each fund and Voya Investment Management is the subadviser.
For more information on these funds, contact shareholder services at (866) 270-7788, by email at closedendfunds@virtus.com , or through the Closed-End Funds section on the web at virtus.com .
Fund Risks
An investment in a fund is subject to risk, including the risk of possible loss of principal. A fund’s shares may be worth less upon their sale than what an investor paid for them. Shares of closed-end funds may trade at a premium or discount to their net asset value. For more information about each fund’s investment objective and risks, please see the funds’ annual report. A copy of the funds’ most recent annual report may be obtained free of charge by contacting “Shareholder Services” as set forth at the end of this press release.
About Virtus Investment Partners, Inc.
Virtus Investment Partners (NYSE: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. We provide investment management products and services from our affiliated managers , each with a distinct investment style and autonomous investment process, as well as select subadvisers. Investment solutions are available across multiple disciplines and product types to meet a wide array of investor needs. Additional information about our firm, investment partners, and strategies is available at virtus.com .
View source version on businesswire.com: https://www.businesswire.com/news/home/20240301801525/en/
For Further Information:
Shareholder Services
(866) 270-7788
closedendfunds@virtus.com
Source: Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II
What are the distribution amounts for Virtus Convertible & Income Fund (NCV) and Virtus Convertible & Income Fund II (NCZ)?
NCV will distribute $0.034 per share, and NCZ will distribute $0.030 per share.
When are the Ex-Date, Record Date, and Payable Date for the distributions?
The Ex-Date for both funds is March 8, 2024. The Record Date is March 11, 2024, and the Payable Date is March 28, 2024.
Are the distribution amounts final for tax reporting purposes?
No, the amounts mentioned are estimates and not for tax reporting. Actual amounts and sources for tax purposes will depend on the fund's investment experience.
Will investors receive a Form 1099-DIV for tax reporting?
Yes, the fund or the investor's broker will provide a Form 1099-DIV for the calendar year, detailing distributions for federal income tax reporting.
Virtus Convertible & Income Fund II
NCZ Rankings
#3060 Ranked by Stock Gains
NCZ Stock Data
Industry
Securities and Commodity Exchanges
Sector
Finance and Insurance
Tags
Miscellaneous, Investment Trusts/Mutual Funds
Country
US
City
Boston
About NCZ
in latin, virtus connotes the characteristics of integrity, quality and strength. those are the traits we stand for today as an investment management provider and the traits that will define us in the future. virtus investment partners provides investment management products and services to individuals and institutions. we operate a multi-manager asset management business, comprising a number of individual affiliated managers, each with a distinct investment style, autonomous investment process and individual brand. we clearly understand the responsibility we have to our clients and we are committed to their success as investors. for important disclaimers, go to https://www.virtus.com/social-media-guidelines