NCZ 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.

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.