Welcome to our dedicated page for Virtus Cnvtbl II news (Ticker: NCZ), a resource for investors and traders seeking the latest updates and insights on Virtus Cnvtbl II stock.
Virtus Convertible & Income Fund II (NYSE: NCZ) is a diversified, closed-end management investment company with an investment objective to provide total return through a combination of capital appreciation and high current income. This news page focuses on official announcements and updates related to the fund’s listed common shares and its 5.500% Series A Cumulative Preferred Shares (NCZ PR A).
News items for NCZ frequently cover distribution declarations for the Series A Cumulative Preferred Shares, including the cash amount per share, record dates, payable dates, and the accrual periods for each quarterly distribution. These releases also reiterate that the preferred shares are rated “A” by Fitch Ratings, were issued at $25.00 per share, pay distributions quarterly, and are callable at the liquidation value plus accrued dividends.
Another recurring topic in NCZ news is capital structure actions, such as the 1-for-4 reverse stock split of the fund’s common shares that became effective as of the start of trading on February 10, 2025. Coverage of this event explains the mechanics of the reverse split, the retention of the NCZ trading symbol, the assignment of a new CUSIP, and the stated intention to achieve a higher per-share market price and potentially broaden the range of investors and improve liquidity.
Investors and observers can use this page to review how Virtus Convertible & Income Fund II communicates about its distributions, preferred share terms, and structural changes. The news items also highlight key risk disclosures, including the possibility of loss of principal and the fact that closed-end fund shares may trade at a premium or discount to net asset value.
Virtus Convertible & Income Fund II (NYSE: NCZ) declared a quarterly cash distribution of $0.34375 per Series A preferred share, payable March 31, 2026 to holders of record March 24, 2026. The Series A preferred carry an annual dividend of $1.375, trade under NCZ PR A, were issued Sept 11, 2018 at $25.00, and total 4,360,000 shares. The shares are rated A by Fitch and 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 estimated monthly distributions for March through May 2026. NCV is scheduled at $0.136 per share and NCZ at $0.120 per share.
Each distribution has listed ex-dates and payable dates: March 16/Mar 30, April 13/Apr 29, and May 11/May 28, 2026. Amounts are estimates and may change for tax reporting; Form 1099-DIV will report final tax information.
Virtus Convertible & Income Fund II (NYSE: NCZ) declared a quarterly cash distribution of $0.34375 per Series A preferred share, payable December 31, 2025 to holders of record on December 11, 2025. The distribution covers the accrual period Oct 1, 2025–Dec 31, 2025. Series A cumulative preferred shares trade as NCZ PR A, carry an annual dividend rate of $1.375 per share, and are rated A by Fitch. 4,360,000 Series A shares were issued on Sept 11, 2018 at a $25.00 liquidation value and pay quarterly distributions. The shares are callable at any time at the $25.00 liquidation value plus accrued dividends.
Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) announced estimated monthly distributions for December 2025, January 2026 and February 2026.
- NCV: $0.136 per common share with ex-dates on Dec 11 2025, Jan 12 2026, Feb 12 2026 and payables on Dec 30 2025, Jan 29 2026, Feb 26 2026.
- NCZ: $0.12 per common share with the same ex-dates and payables as NCV.
The distributions are described as estimates only and are not for tax reporting; actual tax-reportable amounts and sources will depend on the funds' fiscal-year investment results and tax rules. Shareholders will receive Form 1099-DIV for calendar-year tax reporting.
Virtus Convertible & Income Fund II (NYSE: NCZ) has declared a quarterly cash distribution of $0.34375 per share for its Series A Cumulative Preferred Shares (NCZ PR A). The distribution will be paid on September 30, 2025 to shareholders of record as of September 12, 2025.
The Series A Preferred Shares, rated "A" by Fitch Ratings, were issued in September 2018 at $25.00 per share and feature an annual dividend rate of $1.375 per share. The fund has 4,360,000 preferred shares outstanding, which are now callable 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 declared their monthly distributions for September through November 2025. NCV will distribute $0.136 per share monthly, while NCZ will distribute $0.12 per share monthly.
The distributions will be payable on September 29, October 30, and November 26, 2025, with corresponding ex-dates of September 12, October 14, and November 13, 2025. The fund notes that these distribution amounts are estimates and final tax reporting details will be provided via Form 1099-DIV.
Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) have announced their monthly distributions to shareholders. The announcement notes that the distribution amounts are estimates and final tax reporting details will be provided via Form 1099-DIV at the end of the calendar year. The actual distribution amounts and sources will be determined based on the fund's investment performance during the remaining fiscal year, subject to tax regulation adjustments.
Virtus Convertible & Income Fund II (NYSE: NCZ) has declared a quarterly cash distribution of $0.34375 per share for its Series A cumulative preferred shareholders. The distribution will be paid on March 31, 2025 to shareholders of record as of March 17, 2025.
The Series A Cumulative Preferred Shares, trading under symbol NCZ PR A, carry an 'A' rating from Fitch Ratings and feature an annual dividend rate of $1.375 per share. Initially issued on September 11, 2018, the 4,360,000 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 their liquidation value of $25.00 per share plus accrued dividends.