Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders
Annual Meeting Results: The Virtus funds held a joint annual meeting on June 2, 2025, where shareholder voting results showed strong support for various board members across multiple funds, with most receiving over 90% approval.
About the Funds: Virtus Investment Advisers manages several closed-end funds focused on generating income through diversified strategies in various asset classes, while highlighting the risks associated with investing in these funds.
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Virtus Convertible & Income Fund II Declares $0.34375 Cash Distribution Per Share
- Cash Distribution Announcement: Virtus Convertible & Income Fund II has declared a cash distribution of $0.34375 per share payable on December 31, 2025, to Series A cumulative preferred shareholders of record on December 11, 2025, demonstrating the company's ongoing commitment to shareholder returns.
- Preferred Share Characteristics: The Series A cumulative preferred 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, indicating a stable income source within the company's capital structure with 4,360,000 shares outstanding.
- Callable Terms: The Series A preferred shares are now callable at any time at a liquidation value of $25.00 per share plus accrued dividends, enhancing investor flexibility and security in their investment.
- Investment Objective: The fund aims to provide total return through a combination of capital appreciation and high current income, reflecting the company's strategic intent to create long-term value for investors.
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.
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 and Virtus Convertible & Income Fund II Declare Monthly Distributions
Distribution Announcements: Virtus Convertible & Income Fund (NCV) and Virtus Convertible & Income Fund II (NCZ) announced their upcoming distributions, with NCV distributing $0.136 per share and NCZ distributing $0.12 per share on specified dates in September, October, and November 2025.
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 detailed in Form 1099-DIV sent to investors.
Investment Objectives: Both funds aim to provide total return through capital appreciation and high current income, managed by Virtus Investment Advisers, LLC, with Voya Investment Management as a subadviser.
Investment Risks: Investing in these funds carries risks, including potential loss of principal and fluctuations in share value relative to net asset value; further details can be found in the funds' annual reports available on their website.
Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II Announce Monthly Distributions
Distribution Announcements: Virtus Convertible & Income Fund (NCV) and Virtus Convertible & Income Fund II (NCZ) have announced distributions of $0.136 and $0.120 respectively for July and August 2025, with specific ex-dates and payable dates provided.
Investment Objectives and Risks: Both funds aim to provide total return through capital appreciation and high current income, but investments carry risks including potential loss of principal and fluctuations in share value relative to net asset value.
Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders
Annual Meeting Results: The Virtus funds held a joint annual meeting on June 2, 2025, where shareholder voting results showed strong support for various board members across multiple funds, with most receiving over 90% approval.
About the Funds: Virtus Investment Advisers manages several closed-end funds focused on generating income through diversified strategies in various asset classes, while highlighting the risks associated with investing in these funds.
Virtus Convertible & Income Fund II Declares $0.34375 Cash Distribution Per Share
- Cash Distribution Announcement: Virtus Convertible & Income Fund II has declared a cash distribution of $0.34375 per share payable on December 31, 2025, to Series A cumulative preferred shareholders of record on December 11, 2025, demonstrating the company's ongoing commitment to shareholder returns.
- Preferred Share Characteristics: The Series A cumulative preferred 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, indicating a stable income source within the company's capital structure with 4,360,000 shares outstanding.
- Callable Terms: The Series A preferred shares are now callable at any time at a liquidation value of $25.00 per share plus accrued dividends, enhancing investor flexibility and security in their investment.
- Investment Objective: The fund aims to provide total return through a combination of capital appreciation and high current income, reflecting the company's strategic intent to create long-term value for investors.
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.
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 and Virtus Convertible & Income Fund II Declare Monthly Distributions
Distribution Announcements: Virtus Convertible & Income Fund (NCV) and Virtus Convertible & Income Fund II (NCZ) announced their upcoming distributions, with NCV distributing $0.136 per share and NCZ distributing $0.12 per share on specified dates in September, October, and November 2025.
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 detailed in Form 1099-DIV sent to investors.
Investment Objectives: Both funds aim to provide total return through capital appreciation and high current income, managed by Virtus Investment Advisers, LLC, with Voya Investment Management as a subadviser.
Investment Risks: Investing in these funds carries risks, including potential loss of principal and fluctuations in share value relative to net asset value; further details can be found in the funds' annual reports available on their website.
Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II Announce Monthly Distributions
Distribution Announcements: Virtus Convertible & Income Fund (NCV) and Virtus Convertible & Income Fund II (NCZ) have announced distributions of $0.136 and $0.120 respectively for July and August 2025, with specific ex-dates and payable dates provided.
Investment Objectives and Risks: Both funds aim to provide total return through capital appreciation and high current income, but investments carry risks including potential loss of principal and fluctuations in share value relative to net asset value.
Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders
Annual Meeting Results: The Virtus funds held a joint annual meeting on June 2, 2025, where shareholder voting results showed strong support for various board members across multiple funds, with most receiving over 90% approval.
About the Funds: Virtus Investment Advisers manages several closed-end funds focused on generating income through diversified strategies in various asset classes, while highlighting the risks associated with investing in these funds.
