NCV Overview

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.

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.

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.

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.

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.

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.