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.
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Virtus AllianzGI Convertible & Income Fund II (NYSE: NCZ) announced a cash distribution of $0.34375 per share for Series A cumulative preferred shareholders, payable on June 30, 2022. Shareholders of record on June 13, 2022 will receive this payout, which pertains to the accrual period from April 1, 2022 to June 30, 2022. The Series A shares, rated 'A' by Fitch Ratings, have an annual dividend rate of $1.375 and were issued at $25.00 per share. They are callable post a five-year non-call period starting September 11, 2023.
Virtus AllianzGI Convertible & Income Fund II (NCZ) announced a cash distribution of $0.34375 per share, payable on March 31, 2022, to Series A cumulative preferred shareholders recorded by March 11, 2022. The Series A shares, rated 'A' by Fitch, feature a dividend rate of $1.375 per share, with 4.36 million shares issued at $25.00 each. The distribution covers the period from January 1 to March 31, 2022. Shares are callable post a five-year non-call period ending on September 11, 2023.
Virtus AllianzGI Convertible & Income Fund II (NCZ) has declared a cash distribution of $0.34375 per share for Series A cumulative preferred shareholders, payable on December 31, 2021. This distribution pertains to the accrual period from October 1, 2021, through December 31, 2021, with shareholders of record on December 13, 2021. The Series A shares, rated 'A' by Fitch Ratings, have an annual dividend rate of $1.375 and were issued at $25.00 per share. The shares will be callable post a five-year non-call period ending on September 11, 2023.
Virtus AllianzGI Convertible & Income Fund II (NCZ) announced a cash distribution of $0.34375 per share for Series A cumulative preferred shareholders, payable on September 30, 2021. Shareholders of record as of September 13, 2021 will receive this payment. The Series A preferred shares have an annual dividend rate of $1.375 and were issued at $25.00 per share. These shares will be callable after September 11, 2023. The actual distribution amounts may vary based on fund performance and tax regulations.
Virtus AllianzGI Convertible & Income Fund II (NCZ) has declared a cash distribution of $0.34375 per share, payable on June 30, 2021, to Series A cumulative preferred shareholders of record by June 11, 2021. The Series A shares, rated 'A' by Fitch, have an annual dividend rate of $1.375 and were issued at $25.00 per share. This distribution covers the period from April 1, 2021, through June 30, 2021. Shareholders will receive a Form 1099-DIV for tax reporting purposes.
Virtus AllianzGI Convertible & Income Fund II has declared a cash distribution of $0.34375 per share, payable on March 31, 2021, to Series A cumulative preferred shareholders of record by March 11, 2021. The total shares outstanding are 4,360,000, issued at $25.00 per share, with an annual dividend rate of $1.375. The shares are rated "AA" by Fitch and are callable post a five-year non-call period ending September 11, 2023. Distributions depend on the fund's investment performance and may be subject to tax regulation changes.
AllianzGI Convertible & Income Fund II (NYSE: NCZ) reported its fiscal results for the quarter and nine months ended November 30, 2020. The Fund's net assets increased to $674.56 million, up from $656.77 million in 2019. The net asset value (NAV) rose to $5.30 compared to $5.06 in the previous year. However, net investment income dropped to $6.44 million from $8.96 million, reflecting a decrease in income per share from $0.12 to $0.08. The market price was recorded at $4.81, showing a discount to NAV of (9.25%).
AllianzGI Convertible & Income Fund (NCV) and AllianzGI Convertible & Income Fund II (NCZ) have announced a repurchase plan for their series A cumulative preferred shares. This initiative aims to enhance capital management strategies. The Funds will repurchase shares at market prices at or below their liquidation preference of $25.00 per share, or at a premium of up to 1.00% above this value, contingent on specific interest rates from their short-term credit facility. The plan aligns with Rule 10b-18 and will utilize borrowing under the State Street Credit Facility.
The Board of Trustees of AllianzGI Convertible & Income Fund II (NYSE: NCZ) has announced a cash distribution of $0.34375 per share, payable on December 31, 2020, to preferred shareholders of record as of December 11, 2020. The Series A Cumulative Preferred Shares, rated 'AAA' by Fitch Ratings, were issued at $25.00 each and will pay distributions quarterly. The distribution is based on the period from October 1, 2020, to December 31, 2020. Future distributions may differ in composition and could include net investment income, capital gains, or return of capital.
