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Virtus Cnvtbl II - NCZ STOCK NEWS

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 (NCZ) is a diversified closed-end investment company focused on delivering total returns through capital appreciation and income generation. This page serves as the definitive source for official news, press releases, and strategic updates related to NCZ's operations and market activities.

Investors and analysts will find curated information spanning earnings announcements, portfolio adjustments, leadership developments, and sector-specific initiatives. The fund's multi-manager structure and focus on convertible securities are reflected in updates that matter to stakeholders monitoring risk-managed growth strategies.

Content is organized to provide immediate access to critical updates while maintaining compliance with financial disclosure standards. Regular visitors can track the fund's engagements across healthcare, energy, and other core sectors through verified news sources.

Bookmark this page for streamlined access to NCZ's latest developments, or check back regularly to stay informed on this closed-end fund's evolving position in global markets.

Rhea-AI Summary
Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) have announced upcoming distributions on their common shares. NCV will distribute $0.034 per share on various dates in 2024, while NCZ will distribute $0.030 per share on the same dates. These amounts are estimates and not for tax reporting purposes.
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Virtus Convertible & Income Fund II (NCZ) announced a $0.34375 per share cash distribution to Series A cumulative preferred shareholders of record on December 11, 2023. The Series A Cumulative Preferred Shares, trading under the symbol NCZ PR A, have an annual dividend rate of $1.375 per share and are rated 'A' by Fitch Ratings. The 4,360,000 Series A Cumulative Preferred Shares were issued at $25.00 per share in 2018 and pay distributions quarterly.
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Virtus Convertible & Income Fund II (NYSE: NCZ) declares $0.34375 per share cash distribution on Sep 29, 2023 to Series A cumulative preferred shareholders of record on Sep 11, 2023.
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Virtus Convertible & Income Fund, Virtus Convertible & Income Fund II, and Virtus Convertible & Income 2024 Target Term Fund announce distributions on their common shares.
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Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) announced a 20% decrease in their monthly distributions, effective from the April distribution payable on May 1, 2023. For NCV, the new distribution will be $0.034 per share, down from $0.0425. Similarly, NCZ's distribution will drop to $0.03 from $0.0375. The adjustment reflects increased costs of leverage and current earnings in the prevailing market environment. Additionally, the reported distribution amounts are estimates and subject to tax regulations, with final amounts determined by the funds' investment performance.

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The Virtus Convertible & Income Fund II (NYSE: NCZ) has declared a cash distribution of $0.34375 per share, payable on March 31, 2023, to Series A cumulative preferred shareholders of record as of March 13, 2023. The Series A preferred shares, which trade under the symbol NCZ PR A, are rated 'A' by Fitch Ratings and have an annual dividend rate of $1.375 per share. Approximately 4,360,000 shares were issued at $25.00 per share on September 11, 2018. This distribution covers the accrual period from January 1, 2023 to March 31, 2023, and the shares will be callable post September 11, 2023.

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Virtus Convertible & Income Fund (NCV) and Virtus Convertible & Income Fund II (NCZ) will redeem their remaining auction rate preferred shares (ARPS) from January 23 to January 27, 2023. This follows a prior tender offer where 99.7% of ARPS for NCV and 99.2% for NCZ were successfully tendered. The funds will redeem 29 shares for NCV at $725,000 and 49 shares for NCZ at $1,225,000, each at $25,000 per share plus unpaid dividends. The decision comes due to limited leverage benefits and ongoing costs associated with maintaining ARPS.

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Virtus Cnvtbl II

NYSE:NCZ

NCZ Rankings

NCZ Stock Data

209.13M
19.03M
0.01%
34.09%
0.13%
Asset Management
Financial Services
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United States
New York