Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II Announce Monthly Distributions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 06 2025
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Source: Businesswire
Distribution Announcements: Virtus Convertible & Income Fund (NCV) and Virtus Convertible & Income Fund II (NCZ) have announced their upcoming distributions, with NCV set to distribute $0.136 per share on specified dates and NCZ distributing $0.120 per share on the same schedule.
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.
Analyst Views on NCV
Wall Street analysts forecast NCV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NCV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 15.620
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Current: 15.620
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About NCV
Virtus Convertible & Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide total return through a combination of capital appreciation and high current income. Under normal circumstances, the Fund invest approximately 80% of its total assets in a diversified portfolio of convertible securities and non-convertible income-producing securities. The Fund seeks to invest at least 50% of the portfolio in convertible securities, but determines the allocation based on changes in equity prices, changes in interest rates, and other economic and market factors. The Fund invests in various sectors, including airlines, auto manufacturers, banks, computers, biotechnology, diversified financial services, commercial services, healthcare products and media, among others. The Fund's investment advisor is Virtus Investment Advisers, Inc., and its investment subadvisor is Voya Investment Management Co. LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
