Welcome to our dedicated page for Virtus Convertible & Income Fund news (Ticker: NCV), a resource for investors and traders seeking the latest updates and insights on Virtus Convertible & Income Fund stock.
Virtus Convertible & Income Fund (NCV) is a diversified, closed-end management investment company. The fund's core objective is to deliver a total return through a mix of capital appreciation and high current income. To meet this aim, NCV invests in a diverse portfolio of domestic convertible securities and non-convertible income-producing securities.
One of the unique aspects of NCV's investment strategy is its focus on a broad spectrum of sectors. Its portfolio includes investments in Software, the Internet, and the Commercial Services sector through Convertible Bonds and Notes. Additionally, it holds investments in the Media, Oil, Gas & Consumable Fuels, and Entertainment sectors via Corporate Bonds and Notes.
Virtus Convertible & Income Fund is managed by Virtus Investment Partners, which is renowned for its integrity, quality, and strength. Virtus operates a multi-manager asset management business comprising several individual affiliated managers, each with a distinct investment style, autonomous investment process, and individual brand. This ensures a robust and diversified approach to managing the fund, aligning with the company's commitment to client success.
Recent achievements and ongoing projects further solidify NCV's position as a reliable investment option. While the fund continues to adapt and innovate within its investment strategies, its consistent performance underscores its stability and growth potential in the financial market.
By understanding the intrinsic value of each investment and maintaining a balance between risk and reward, Virtus Convertible & Income Fund remains committed to delivering on its promise of high current income and capital appreciation. Investors seeking a diversified and expertly managed investment option will find NCV to be a compelling choice.
The Virtus Convertible & Income Fund (NYSE: NCV) has declared a quarterly cash distribution of $0.3515625 per share for its Series A Cumulative Preferred Shares. The distribution will be paid on December 31, 2024, to shareholders of record as of December 12, 2024. The preferred shares, trading under NCV PR A, are rated 'A' by Fitch Ratings and carry an annual dividend rate of $1.40625 per share. Originally issued at $25.00 per share in September 2018, the 4,000,000 shares are now callable at the liquidation value of $25.00 plus accrued dividends.
Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) announced a 1-for-4 reverse stock split effective February 10, 2025. The funds will maintain their trading symbols but receive new CUSIPs. Shareholders will be paid cash for fractional shares while maintaining the same percentage ownership. The boards expect the split to result in higher per-share market prices, potentially broadening the investor base and improving stock liquidity. Monthly distributions will continue with adjusted rates: NCV's distribution will increase from $0.034 to $0.136, and NCZ's from $0.030 to $0.120 after the split.
Virtus Convertible & Income Fund (NYSE: NCV) has declared a $0.3515625 per share cash distribution for its Series A cumulative preferred shareholders. The distribution is payable on September 30, 2024, to shareholders of record on September 13, 2024. The Series A Cumulative Preferred Shares, trading under the symbol NCV PR A, are rated "A" by Fitch Ratings and have an annual dividend rate of $1.40625 per share. These shares were initially issued on September 20, 2018, at $25.00 per share and pay distributions quarterly. The current distribution covers the accrual period from July 1, 2024, through September 30, 2024. Notably, the Series A Cumulative Preferred Shares are now callable at any time at the liquidation value of $25.00 per share plus accrued dividends.
Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) have announced their upcoming monthly distributions for common shares. NCV will distribute $0.034 per share on September 26, October 30, and November 27, 2024. NCZ will distribute $0.030 per share on the same dates. The ex-dates and record dates for these distributions are set for September 13, October 11, and November 12, 2024, respectively. It's important to note that these distribution amounts are estimates and may be subject to changes based on the funds' investment performance and tax regulations.
Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) announced monthly distributions for July and August 2024. NCV will distribute $0.034 per share on July 30 and August 29, 2024. NCZ will distribute $0.030 per share on the same dates. The reported amounts are estimates and not for tax purposes, with actual distributions dependent on the funds' investment performance and tax regulations. Investors will receive Form 1099-DIV for accurate federal income tax reporting.
Virtus Convertible & Income Fund (NYSE: NCV) has declared a quarterly cash distribution of $0.3515625 per share for its Series A Cumulative Preferred Shares. The payment is scheduled for June 28, 2024, to shareholders of record as of June 13, 2024. These shares, rated 'A' by Fitch Ratings, were issued at $25.00 per share on September 20, 2018, and have an annual dividend rate of $1.40625 per share. The distribution covers the period from April 1, 2024, to June 30, 2024. The shares are callable at any time at their liquidation value plus accrued dividends.
FAQ
What is the current stock price of Virtus Convertible & Income Fund (NCV)?
What is the market cap of Virtus Convertible & Income Fund (NCV)?
What is Virtus Convertible & Income Fund (NCV)?
What does NCV invest in?
Who manages Virtus Convertible & Income Fund?
What is the primary objective of NCV?
How does NCV achieve its investment objective?
What makes Virtus Convertible & Income Fund unique?
What sectors does NCV's portfolio cover?
What recent achievements has NCV accomplished?
How does Virtus Investment Partners ensure client success?
Why should one invest in NCV?
