Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II Declare Monthly Distributions
Distribution Announcements: Virtus Convertible & Income Fund (NCV) and Virtus Convertible & Income Fund II (NCZ) have announced distributions of $0.136 and $0.12 per share, respectively, with specific ex-dates and payable dates for each distribution.
Tax Reporting Information: The reported distribution amounts are estimates and not for tax reporting; actual amounts will depend on the funds' investment performance and will be reported via Form 1099-DIV.
Investment Objectives: Both funds aim to provide total return through capital appreciation and high current income, with Virtus Investment Advisers, LLC serving as the investment adviser.
Investment Risks: Investments in the funds carry risks, including potential loss of principal and fluctuations in share value, which may trade at a premium or discount to net asset value.
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Virtus Convertible & Income Fund Declares Cash Distribution
- Cash Distribution Announcement: Virtus Convertible & Income Fund has declared a cash distribution of $0.3515625 per share payable on March 31, 2026, to Series A cumulative preferred shareholders of record on March 24, 2026, demonstrating the fund's commitment to shareholder returns.
- Preferred Stock Rating and Yield: The Series A cumulative preferred shares are rated 'A' by Fitch and have an annual dividend rate of $1.40625 per share, indicating the fund's ability to provide stable income, appealing to income-seeking investors.
- Share Issuance and Trading: Issued on September 20, 2018, at $25.00 per share, a total of 4,000,000 Series A shares are traded quarterly, enhancing investor confidence and market liquidity for the fund.
- Redemption Terms and Risks: The Series A preferred shares are callable at any time at a liquidation value of $25.00 per share plus accrued dividends, highlighting the potential risk of principal loss for investors, particularly during market volatility.
Virtus Convertible & Income Fund Declares Cash Distribution
- Cash Distribution Announcement: Virtus Convertible & Income Fund has declared a cash distribution of $0.3515625 per share payable on March 31, 2026, to Series A cumulative preferred shareholders of record on March 24, 2026, demonstrating the company's commitment to shareholder returns.
- Preferred Stock Rating and Yield: The Series A cumulative preferred shares, trading on the NYSE, are rated 'A' by Fitch Ratings with an annual dividend rate of $1.40625 per share, indicating the fund's capability to provide stable income, appealing to income-seeking investors.
- Share Issuance and Liquidity: The 4 million Series A cumulative preferred shares issued on September 20, 2018, at an initial price of $25.00 per share are now callable at any time at the liquidation value plus accrued dividends, enhancing liquidity options for investors.
- Investment Objective and Risks: The fund aims to provide total return through capital appreciation and high current income, and while there are risks of principal loss, its diversified investment strategies and management team offer investors a range of investment solutions.
Virtus Convertible & Income Funds Announce Distributions
- Distribution Amounts Announced: Virtus Convertible & Income Fund (NCV) has announced distributions of $0.136 per share for March, April, and May 2026, reflecting the fund's ongoing income generation capability and boosting investor confidence in its stability.
- Payment Schedule: The distributions for NCV will be payable on March 30, April 29, and May 28, 2026, while Virtus Convertible & Income Fund II (NCZ) will distribute $0.120 per share, ensuring timely returns for investors and enhancing overall investor satisfaction.
- Tax Information Clarification: The announcement specifies that the distribution amounts are estimates and may vary based on the fund's investment performance and tax regulations, advising investors to pay attention to tax reporting accuracy to avoid potential tax liabilities.
- Investment Objectives Overview: Both funds aim to provide total returns through capital appreciation and high current income, with Virtus Investment Advisers, LLC serving as the investment adviser, ensuring that the funds' strategies align with market demands and enhancing their competitive position.
Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II Declare Monthly Distributions
Distribution Announcements: Virtus Convertible & Income Fund (NCV) and Virtus Convertible & Income Fund II (NCZ) have announced distributions of $0.136 and $0.12 per share, respectively, with specific ex-dates and payable dates for each distribution.
Tax Reporting Information: The reported distribution amounts are estimates and not for tax reporting; actual amounts will depend on the funds' investment performance and will be reported via Form 1099-DIV.
Investment Objectives: Both funds aim to provide total return through capital appreciation and high current income, with Virtus Investment Advisers, LLC serving as the investment adviser.
Investment Risks: Investments in the funds carry risks, including potential loss of principal and fluctuations in share value, which may trade at a premium or discount to net asset value.
AllianzGI Convertible & Income Fund's Series A Preferred Shares Exceed 6.5% Yield Threshold
Performance Comparison: NCV.PRA shares are down approximately 0.1% in Wednesday trading, while NCV common shares have increased by about 0.8%.
Dividend History: A chart detailing the historical dividend payments for AllianzGI Convertible & Income Fund's 5.625% Series A Cumulative Preferred Shares (NCV.PRA) is provided.
One Year Performance: The article includes a chart comparing the one-year performance of NCV.PRA shares against NCV shares.
Author's Opinion Disclaimer: The views expressed in the article are those of the author and do not necessarily represent the opinions of Nasdaq, Inc.
Four Virtus Closed-End Funds Appoint New Portfolio Manager
New Portfolio Manager Announcement: Voya Investment Management has appointed K. Mathew Axline as a portfolio manager for several funds, including the Virtus Convertible & Income Fund and Virtus Diversified Income & Convertible Fund, bringing over 25 years of investment experience to the role.
Fund Objectives and Structure: The funds managed by Voya aim to provide total returns through capital appreciation and high current income, with specific strategies for downside protection and dynamic asset allocation across convertibles, equities, and income-producing securities.
Virtus Convertible & Income Fund Declares Cash Distribution
- Cash Distribution Announcement: Virtus Convertible & Income Fund has declared a cash distribution of $0.3515625 per share payable on March 31, 2026, to Series A cumulative preferred shareholders of record on March 24, 2026, demonstrating the fund's commitment to shareholder returns.
- Preferred Stock Rating and Yield: The Series A cumulative preferred shares are rated 'A' by Fitch and have an annual dividend rate of $1.40625 per share, indicating the fund's ability to provide stable income, appealing to income-seeking investors.
- Share Issuance and Trading: Issued on September 20, 2018, at $25.00 per share, a total of 4,000,000 Series A shares are traded quarterly, enhancing investor confidence and market liquidity for the fund.
- Redemption Terms and Risks: The Series A preferred shares are callable at any time at a liquidation value of $25.00 per share plus accrued dividends, highlighting the potential risk of principal loss for investors, particularly during market volatility.
Virtus Convertible & Income Fund Declares Cash Distribution
- Cash Distribution Announcement: Virtus Convertible & Income Fund has declared a cash distribution of $0.3515625 per share payable on March 31, 2026, to Series A cumulative preferred shareholders of record on March 24, 2026, demonstrating the company's commitment to shareholder returns.
- Preferred Stock Rating and Yield: The Series A cumulative preferred shares, trading on the NYSE, are rated 'A' by Fitch Ratings with an annual dividend rate of $1.40625 per share, indicating the fund's capability to provide stable income, appealing to income-seeking investors.
- Share Issuance and Liquidity: The 4 million Series A cumulative preferred shares issued on September 20, 2018, at an initial price of $25.00 per share are now callable at any time at the liquidation value plus accrued dividends, enhancing liquidity options for investors.
- Investment Objective and Risks: The fund aims to provide total return through capital appreciation and high current income, and while there are risks of principal loss, its diversified investment strategies and management team offer investors a range of investment solutions.
Virtus Convertible & Income Funds Announce Distributions
- Distribution Amounts Announced: Virtus Convertible & Income Fund (NCV) has announced distributions of $0.136 per share for March, April, and May 2026, reflecting the fund's ongoing income generation capability and boosting investor confidence in its stability.
- Payment Schedule: The distributions for NCV will be payable on March 30, April 29, and May 28, 2026, while Virtus Convertible & Income Fund II (NCZ) will distribute $0.120 per share, ensuring timely returns for investors and enhancing overall investor satisfaction.
- Tax Information Clarification: The announcement specifies that the distribution amounts are estimates and may vary based on the fund's investment performance and tax regulations, advising investors to pay attention to tax reporting accuracy to avoid potential tax liabilities.
- Investment Objectives Overview: Both funds aim to provide total returns through capital appreciation and high current income, with Virtus Investment Advisers, LLC serving as the investment adviser, ensuring that the funds' strategies align with market demands and enhancing their competitive position.
Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II Declare Monthly Distributions
Distribution Announcements: Virtus Convertible & Income Fund (NCV) and Virtus Convertible & Income Fund II (NCZ) have announced distributions of $0.136 and $0.12 per share, respectively, with specific ex-dates and payable dates for each distribution.
Tax Reporting Information: The reported distribution amounts are estimates and not for tax reporting; actual amounts will depend on the funds' investment performance and will be reported via Form 1099-DIV.
Investment Objectives: Both funds aim to provide total return through capital appreciation and high current income, with Virtus Investment Advisers, LLC serving as the investment adviser.
Investment Risks: Investments in the funds carry risks, including potential loss of principal and fluctuations in share value, which may trade at a premium or discount to net asset value.
AllianzGI Convertible & Income Fund's Series A Preferred Shares Exceed 6.5% Yield Threshold
Performance Comparison: NCV.PRA shares are down approximately 0.1% in Wednesday trading, while NCV common shares have increased by about 0.8%.
Dividend History: A chart detailing the historical dividend payments for AllianzGI Convertible & Income Fund's 5.625% Series A Cumulative Preferred Shares (NCV.PRA) is provided.
One Year Performance: The article includes a chart comparing the one-year performance of NCV.PRA shares against NCV shares.
Author's Opinion Disclaimer: The views expressed in the article are those of the author and do not necessarily represent the opinions of Nasdaq, Inc.
Four Virtus Closed-End Funds Appoint New Portfolio Manager
New Portfolio Manager Announcement: Voya Investment Management has appointed K. Mathew Axline as a portfolio manager for several funds, including the Virtus Convertible & Income Fund and Virtus Diversified Income & Convertible Fund, bringing over 25 years of investment experience to the role.
Fund Objectives and Structure: The funds managed by Voya aim to provide total returns through capital appreciation and high current income, with specific strategies for downside protection and dynamic asset allocation across convertibles, equities, and income-producing securities.
