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

Rhea-AI Summary

Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) announced monthly distributions for July and August 2024. NCV will distribute $0.034 per share on July 30 and August 29, 2024. NCZ will distribute $0.030 per share on the same dates. The reported amounts are estimates and not for tax purposes, with actual distributions dependent on the funds' investment performance and tax regulations. Investors will receive Form 1099-DIV for accurate federal income tax reporting.

Positive

• Announced distributions maintain investor income streams.
• Clear distribution schedule for July and August 2024.
• Consistent monthly distributions for NCV and NCZ.

Negative

• Distributions are estimates, not guaranteed amounts.
• Distributions subject to changes based on investment performance and tax regulations.
• Potential investor uncertainty due to variable distribution amounts.

HARTFORD, Conn.--(BUSINESS WIRE)-- Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) today 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	July 11, 2024	July 11, 2024	July 30, 2024
NCV	$0.034	August 12, 2024	August 12, 2024	August 29, 2024

Virtus Convertible & Income Fund II:

Ticker	Amount of Distribution	Ex-Date	Record Date	Payable Date
NCZ	$0.030	July 11, 2024	July 11, 2024	July 30, 2024
NCZ	$0.030	August 12, 2024	August 12, 2024	August 29, 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/20240606460501/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 NCV in July and August 2024?

NCV will distribute $0.034 per share on July 30 and August 29, 2024.

When will NCZ's distributions be paid out in 2024?

NCZ's distributions will be paid on July 30 and August 29, 2024.

Are the announced distributions for NCZ final?

No, the announced distributions are estimates and can change based on investment performance and tax regulations.

What should investors expect for federal income tax reporting?

Investors will receive Form 1099-DIV for accurate distribution reporting for federal income tax purposes.

When are the ex-dates for NCZ's distributions in July 2024?

The ex-date for NCZ's July distribution is July 11, 2024.