Two Virtus Closed-End Funds Announce Four Monthly Distributions: NCV, NCZ

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.

HARTFORD, Conn.--(BUSINESS WIRE)-- Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) announced the following distributions on their respective common shares:

Virtus Convertible & Income Fund:

Ticker	Amount of Distribution	Ex-Date	Record Date	Payable Date
NCV	$0.034	March 8, 2024	March 11, 2024	March 28, 2024
NCV	$0.034	April 10, 2024	April 11, 2024	April 29, 2024
NCV	$0.034	May 10, 2024	May 13, 2024	May 30, 2024
NCV	$0.034	June 13, 2024	June 13, 2024	June 27, 2024

Virtus Convertible & Income Fund II:

Ticker	Amount of Distribution	Ex-Date	Record Date	Payable Date
NCZ	$0.030	March 8, 2024	March 11, 2024	March 28, 2024
NCZ	$0.030	April 10, 2024	April 11, 2024	April 29, 2024
NCZ	$0.030	May 10, 2024	May 13, 2024	May 30, 2024
NCZ	$0.030	June 13, 2024	June 13, 2024	June 27, 2024

The amounts of distributions reported in this notice are estimates only and are not being provided for tax reporting purposes. The actual amounts and sources of the distributions for tax purposes will depend on the fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you what distributions to report for federal income tax purposes.

About the Funds

Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II each have an investment objective to provide total return through a combination of capital appreciation and high current income. Virtus Investment Advisers, Inc. is the investment adviser to each fund and Voya Investment Management is the subadviser.

For more information on these funds, 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 each fund’s investment objective and risks, please see the funds’ annual report. A copy of the funds’ 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240301801525/en/

For Further Information:

Shareholder Services

(866) 270-7788

closedendfunds@virtus.com

Source: Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II

FAQ

What are the distribution amounts for Virtus Convertible & Income Fund (NCV) and Virtus Convertible & Income Fund II (NCZ)?

NCV will distribute $0.034 per share, and NCZ will distribute $0.030 per share.

When are the Ex-Date, Record Date, and Payable Date for the distributions?

The Ex-Date for both funds is March 8, 2024. The Record Date is March 11, 2024, and the Payable Date is March 28, 2024.

Are the distribution amounts final for tax reporting purposes?

No, the amounts mentioned are estimates and not for tax reporting. Actual amounts and sources for tax purposes will depend on the fund's investment experience.

Will investors receive a Form 1099-DIV for tax reporting?

Yes, the fund or the investor's broker will provide a Form 1099-DIV for the calendar year, detailing distributions for federal income tax reporting.