Virtus Convertible & Income Fund II Declares Cash Distribution
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 04 2026
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Source: Newsfilter
- Cash Distribution Announcement: Virtus Convertible & Income Fund II has declared a cash distribution of $0.34375 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, trading on the NYSE, are rated 'A' by Fitch and offer an annual dividend rate of $1.375 per share, indicating the fund's capability to provide stable income.
- Share Issuance and Liquidity: The 4,360,000 Series A cumulative preferred shares were issued at $25.00 per share on September 11, 2018, and are now callable at any time at liquidation value plus accrued dividends, enhancing liquidity options for investors.
- Investment Objectives and Risks: The fund aims to provide total return through capital appreciation and high current income, although investments carry risks, including potential loss of principal, necessitating careful evaluation of the fund's investment objectives and risks.
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About NCZ
Virtus Convertible & Income Fund II (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. The Fund invests in a diversified portfolio of domestic convertible securities and high-yield bonds. The Fund seeks to invest at least 50% of its total assets in convertible securities, but determines its allocation based on changes in equity prices, changes in interest rates, and other economic and market factors. 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.
Virtus Convertible & Income Fund II Declares Cash Distribution
- Cash Distribution Announcement: Virtus Convertible & Income Fund II has declared a cash distribution of $0.34375 per share payable on June 30, 2026, to Series A cumulative preferred shareholders of record on June 23, 2026, demonstrating the fund's commitment to ongoing shareholder returns.
- Preferred Stock Rating and Yield: The Series A cumulative preferred shares, trading on the NYSE, are rated 'A' by Fitch and offer an annual dividend rate of $1.375 per share, indicating the fund's capability to provide stable income.
- Share Issuance and Liquidity: The 4,360,000 Series A cumulative preferred shares, issued on September 11, 2018, at $25.00 per share, are now callable at any time at their 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, although investments carry risks, including potential loss of principal, necessitating careful evaluation by investors.
See More
Virtus Convertible & Income Fund II Declares Cash Distribution
- Cash Distribution Announcement: Virtus Convertible & Income Fund II has declared a cash distribution of $0.34375 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, trading on the NYSE, are rated 'A' by Fitch and offer an annual dividend rate of $1.375 per share, indicating the fund's capability to provide stable income.
- Share Issuance and Liquidity: The 4,360,000 Series A cumulative preferred shares were issued at $25.00 per share on September 11, 2018, and are now callable at any time at liquidation value plus accrued dividends, enhancing liquidity options for investors.
- Investment Objectives and Risks: The fund aims to provide total return through capital appreciation and high current income, although investments carry risks, including potential loss of principal, necessitating careful evaluation of the fund's investment objectives and risks.
See More
Virtus Convertible & Income Fund II Declares Cash Distribution
- Cash Distribution Announcement: Virtus Convertible & Income Fund II has declared a cash distribution of $0.34375 per share payable on March 31, 2026, to Series A cumulative preferred shareholders of record on March 24, 2026, providing a reliable cash flow for investors.
- Preferred Stock Rating and Yield: The Series A Cumulative Preferred Shares, trading on the NYSE, are rated 'A' and offer an annual dividend rate of $1.375 per share, reflecting the fund's commitment to delivering high current income.
- Share Issuance and Liquidity: The 4,360,000 Series A Cumulative Preferred Shares were issued at $25.00 per share on September 11, 2018, and are now callable at any time at the liquidation value plus accrued dividends, enhancing liquidity options for investors.
- Investment Objectives and Risks: The fund aims to provide total return through capital appreciation and high current income; however, investments are subject to risks, including potential loss of principal, necessitating careful investor assessment of their decisions.
See More
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.
See More
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.
See More
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.
See More
Virtus Convertible & Income Fund II Declares Cash Distribution
- Cash Distribution Announcement: Virtus Convertible & Income Fund II has declared a cash distribution of $0.34375 per share payable on June 30, 2026, to Series A cumulative preferred shareholders of record on June 23, 2026, demonstrating the fund's commitment to ongoing shareholder returns.
- Preferred Stock Rating and Yield: The Series A cumulative preferred shares, trading on the NYSE, are rated 'A' by Fitch and offer an annual dividend rate of $1.375 per share, indicating the fund's capability to provide stable income.
- Share Issuance and Liquidity: The 4,360,000 Series A cumulative preferred shares, issued on September 11, 2018, at $25.00 per share, are now callable at any time at their 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, although investments carry risks, including potential loss of principal, necessitating careful evaluation by investors.
See More
Virtus Convertible & Income Fund II Declares Cash Distribution
- Cash Distribution Announcement: Virtus Convertible & Income Fund II has declared a cash distribution of $0.34375 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, trading on the NYSE, are rated 'A' by Fitch and offer an annual dividend rate of $1.375 per share, indicating the fund's capability to provide stable income.
- Share Issuance and Liquidity: The 4,360,000 Series A cumulative preferred shares were issued at $25.00 per share on September 11, 2018, and are now callable at any time at liquidation value plus accrued dividends, enhancing liquidity options for investors.
- Investment Objectives and Risks: The fund aims to provide total return through capital appreciation and high current income, although investments carry risks, including potential loss of principal, necessitating careful evaluation of the fund's investment objectives and risks.
See More
Virtus Convertible & Income Fund II Declares Cash Distribution
- Cash Distribution Announcement: Virtus Convertible & Income Fund II has declared a cash distribution of $0.34375 per share payable on March 31, 2026, to Series A cumulative preferred shareholders of record on March 24, 2026, providing a reliable cash flow for investors.
- Preferred Stock Rating and Yield: The Series A Cumulative Preferred Shares, trading on the NYSE, are rated 'A' and offer an annual dividend rate of $1.375 per share, reflecting the fund's commitment to delivering high current income.
- Share Issuance and Liquidity: The 4,360,000 Series A Cumulative Preferred Shares were issued at $25.00 per share on September 11, 2018, and are now callable at any time at the liquidation value plus accrued dividends, enhancing liquidity options for investors.
- Investment Objectives and Risks: The fund aims to provide total return through capital appreciation and high current income; however, investments are subject to risks, including potential loss of principal, necessitating careful investor assessment of their decisions.
See More
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.
See More
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.
See More
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.
See More
