Virtus Convertible & Income Fund II Announces Quarterly Distribution: 5.500% Series A Cumulative Preferred Shares

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund II (NYSE: NCZ) announced today that it has declared a $0.34375 per share cash distribution payable on June 30, 2026 to Series A cumulative preferred shareholders of record on June 23, 2026. The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCZ PR A, are rated “A” by Fitch Ratings and have an annual dividend rate of $1.375 per share. The 4,360,000 Series A Cumulative Preferr.

Business Wire • Jun 3, 2026

Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II Announce Monthly Distributions

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) today announced the following distributions on their respective common shares: Virtus Convertible & Income Fund: Ticker Amount of Distribution Ex-Date/Record Date Payable Date NCV $0.136 June 15, 2026 June 29, 2026 NCV $0.136 July 13, 2026 July 30, 2026 NCV $0.136 August 13, 2026 August 28, 2026 Virtus Convertible & Income Fund II: Ticker Amount of D.

Business Wire • Jun 3, 2026

Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus Convertible & Income Fund (NYSE: NCV), Virtus Convertible & Income Fund II (NYSE: NCZ), Virtus Diversified Income & Convertible Fund (NYSE: ACV), Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ), Virtus Equity & Convertible Income Fund (NYSE: NIE), Virtus Global Multi-Sector Income Fund (NYSE: VGI), Virtus Stone Harbor Emerging Markets Income.

Business Wire • Jun 2, 2026

Pass On Virtus Convertible & Income Fund II, The Alpha Is In Its Preferred

Virtus Convertible & Income Fund II preferred stock offers a compelling opportunity with an 'A' Fitch rating and a 6.77% yield. Dividend and asset coverage ratios are robust, with preferred payments well covered and asset coverage at 285%, well above regulatory minimums. NCZ-A stands out among A-rated CEF preferreds for its superior current yield and deep discount to par, providing capital appreciation potential.

Seeking Alpha • Apr 29, 2026

NCZ: Appeal Is Limited Due To Higher Interest Rates

Virtus Convertible & Income Fund II offers a high 10.5% yield and trades at a discount to NAV, appealing to income-focused investors. NCZ's earnings and distributions have been inconsistent, with payouts declining over the last decade and heavy reliance on net realized gains for coverage. The fund's aggressive leverage and high exposure to below-investment-grade and unrated securities increase risk, especially in a high-interest-rate environment.

Seeking Alpha • Nov 26, 2025

Convertible Bond CEF Double Digit Gains And Over 10% Yields

Convertible securities are hybrid bonds and stocks that have a prearranged conversion factor into common stock, but pay an interest coupon to the holder until conversion is exercised.

24/7 Wall Street • Oct 3, 2025

Above 6.5% Yield From A-Rated Preferred: NCZ

Virtus Convertible & Income Fund II offers a high 10.96% dividend yield and currently trades at a 6.34% discount to NAV. The fund's portfolio is diversified with significant exposure to information technology, industrials, and financials. NCZ.PR.A preferred shares trade below par, yield 6.6%, are rated 'A' by Fitch, and offer cumulative, stable distributions.

Seeking Alpha • Aug 14, 2025

NCZ: Convertibles Should Be Superior To Traditional Bonds

Virtus Convertible & Income Fund II offers high income via convertible bonds, providing better inflation protection than traditional fixed-income assets. Despite underperforming in share price versus benchmarks, the fund's total return has recently outpaced both the S&P 500 and convertible bond indices. The fund appears to have profited somewhat from MicroStrategy and Bitcoin, which is surprising, but rewarding to investors.

Seeking Alpha • Jun 13, 2025

NCZ-A: A 6.7% Yielding A-Rated Addition To Our Portfolio

The equity market is overvalued, presenting an opportunity to switch to higher credit quality investments like Virtus Convertible & Income Fund II, 5.50% Series A Cumul Preferred Shares (NCZ-A). NCZ-A offers a 5.5% cumulative annual dividend, trading at $20.59 with a current yield of 6.70%, and is eligible for preferential tax rates. Virtus Convertible & Income Fund focuses on convertible securities and high-yield bonds, with a strong dividend yield of 11.24% and a consistent trading discount.

Seeking Alpha • Feb 12, 2025

NCV, NCZ Announces Date of Reverse Stock Splits

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) announced that a 1-for-4 reverse stock split of the issued and outstanding shares of each Fund will be effective as of the start of trading on Monday, February 10, 2025 (“Effective Date”). The reverse stock splits were previously announced, approved by each Fund's board, and are intended to enhance shareholder value. As a result of the reverse stock splits,.

Business Wire • Feb 3, 2025