Virtus Convertible & Income Funds Announce Distributions

Written by Emily J. Thompson, Senior Investment Analyst

Source: Businesswire

Updated: Mar 04 2026

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Source: Businesswire

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.

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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.

Virtus Convertible & Income Fund Declares Cash Distribution

Mar 04 2026Businesswire

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

Mar 04 2026Newsfilter

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.