Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares
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 March 31, 2025 to shareholders of record as of March 17, 2025.
The Series A Preferred Shares, trading under symbol NCV PR A, are rated 'A' by Fitch Ratings and carry an annual dividend rate of $1.40625 per share. Originally issued on September 20, 2018, the 4,000,000 preferred shares were priced at $25.00 per share. The current distribution covers the period from January 1, 2025, through March 31, 2025. The shares are currently callable at the liquidation value of $25.00 per share plus accrued dividends.
Virtus Convertible & Income Fund (NYSE: NCV) ha dichiarato una distribuzione di cassa trimestrale di $0.3515625 per azione per le sue Azioni Preferenziali Cumulative di Serie A. La distribuzione sarà pagata il 31 marzo 2025 agli azionisti registrati al 17 marzo 2025.
Le Azioni Preferenziali di Serie A, negoziate con il simbolo NCV PR A, sono valutate 'A' da Fitch Ratings e hanno un tasso di dividendo annuale di $1.40625 per azione. Emesse originariamente il 20 settembre 2018, le 4.000.000 di azioni preferenziali erano prezzate a $25.00 per azione. La distribuzione attuale copre il periodo dal 1 gennaio 2025 al 31 marzo 2025. Le azioni sono attualmente richiamabili al valore di liquidazione di $25.00 per azione più i dividendi maturati.
Virtus Convertible & Income Fund (NYSE: NCV) ha declarado una distribución de efectivo trimestral de $0.3515625 por acción para sus Acciones Preferentes Acumulativas de Serie A. La distribución se pagará el 31 de marzo de 2025 a los accionistas registrados hasta el 17 de marzo de 2025.
Las Acciones Preferentes de Serie A, que cotizan bajo el símbolo NCV PR A, tienen una calificación de 'A' por Fitch Ratings y un rendimiento anual de dividendo de $1.40625 por acción. Emitidas originalmente el 20 de septiembre de 2018, las 4.000.000 de acciones preferentes se fijaron en $25.00 por acción. La distribución actual cubre el período del 1 de enero de 2025 al 31 de marzo de 2025. Las acciones son actualmente rescatables al valor de liquidación de $25.00 por acción más los dividendos acumulados.
Virtus Convertible & Income Fund (NYSE: NCV)는 주당 $0.3515625의 분기 현금 배당금을 시리즈 A 누적 우선주에 대해 발표했습니다. 이 배당금은 2025년 3월 31일에 2025년 3월 17일 기준 주주에게 지급될 예정입니다.
시리즈 A 우선주는 NCV PR A라는 기호로 거래되며, Fitch Ratings에서 'A' 등급을 받았고, 주당 연간 배당률은 $1.40625입니다. 2018년 9월 20일에 처음 발행된 4,000,000개의 우선주는 주당 $25.00에 가격이 책정되었습니다. 현재 배당금은 2025년 1월 1일부터 2025년 3월 31일까지의 기간을 포함합니다. 이 주식은 현재 $25.00의 청산 가치와 누적 배당금을 더한 금액으로 호출 가능합니다.
Virtus Convertible & Income Fund (NYSE: NCV) a déclaré une distribution de trésorerie trimestrielle de $0.3515625 par action pour ses Actions Préférentielles Cumulatives de Série A. La distribution sera versée le 31 mars 2025 aux actionnaires inscrits au 17 mars 2025.
Les Actions Préférentielles de Série A, négociées sous le symbole NCV PR A, sont notées 'A' par Fitch Ratings et ont un taux de dividende annuel de $1.40625 par action. Initialement émises le 20 septembre 2018, les 4.000.000 d'actions préférentielles étaient fixées à $25.00 par action. La distribution actuelle couvre la période du 1er janvier 2025 au 31 mars 2025. Les actions sont actuellement rachetables à la valeur de liquidation de $25.00 par action plus les dividendes accumulés.
Virtus Convertible & Income Fund (NYSE: NCV) hat eine vierteljährliche Barausschüttung von $0.3515625 pro Aktie für seine Serie A kumulierten Vorzugsaktien erklärt. Die Ausschüttung wird am 31. März 2025 an die zum 17. März 2025 eingetragenen Aktionäre ausgezahlt.
Die Serie A Vorzugsaktien, die unter dem Symbol NCV PR A gehandelt werden, haben eine Bewertung von 'A' durch Fitch Ratings und einen jährlichen Dividendenzins von $1.40625 pro Aktie. Ursprünglich am 20. September 2018 ausgegeben, wurden die 4.000.000 Vorzugsaktien zu einem Preis von $25.00 pro Aktie angeboten. Die aktuelle Ausschüttung deckt den Zeitraum vom 1. Januar 2025 bis zum 31. März 2025 ab. Die Aktien sind derzeit zum Liquidationswert von $25.00 pro Aktie zuzüglich aufgelaufener Dividenden kündbar.
- Maintained 'A' credit rating from Fitch Ratings
- Consistent quarterly dividend payment
- None.
The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCV PR A, are rated “A” by Fitch Ratings and have an annual dividend rate of
About the Fund
Virtus Convertible & Income Fund has an investment objective to provide total return through a combination of capital appreciation and high current income. Virtus Investment Advisers, LLC, a registered investment adviser affiliated with Virtus Investment Partners, Inc., is the investment adviser to the fund and Voya Investment Management is its subadviser.
For more information on this fund, contact shareholder services at (866) 270-7788, by email at closedendfunds@virtus.com, or through the Closed-End Funds section on the web at virtus.com.
Fund Risks
An investment in a fund is subject to risk, including the risk of possible loss of principal. A fund’s shares may be worth less upon their sale than what an investor paid for them. Shares of closed-end funds may trade at a premium or discount to their net asset value. For more information about the fund’s investment objective and risks, please see the fund’s annual report. A copy of the fund’s most recent annual report may be obtained free of charge by contacting “Shareholder Services” as set forth at the end of this press release.
About Virtus Investment Partners, Inc.
Virtus Investment Partners (NYSE: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. We provide investment management products and services from our affiliated managers, each with a distinct investment style and autonomous investment process, as well as select subadvisers. Investment solutions are available across multiple disciplines and product types to meet a wide array of investor needs. Additional information about our firm, investment partners, and strategies is available at virtus.com.
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For Further Information:
Shareholder Services
(866) 270-7788
closedendfunds@virtus.com
Source: Virtus Convertible & Income Fund
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