Virtus Convertible & Income Fund II Announces Quarterly Distribution: 5.500% Series A Cumulative Preferred Shares
Virtus Convertible & Income Fund II (NYSE: NCZ) has declared a $0.34375 per share cash distribution for its Series A cumulative preferred shareholders. The distribution is payable on September 30, 2024, to shareholders of record on September 13, 2024. The Series A Cumulative Preferred Shares, trading under the symbol NCZ PR A, are rated "A" by Fitch Ratings and offer an annual dividend rate of $1.375 per share. These shares were initially issued on September 11, 2018, at $25.00 per share and pay quarterly distributions. The current distribution covers the accrual period from July 1, 2024, through September 30, 2024. Notably, the Series A Cumulative Preferred Shares are now callable at any time at the liquidation value of $25.00 per share plus accrued dividends.
Il Virtus Convertible & Income Fund II (NYSE: NCZ) ha dichiarato una distribuzione in contanti di $0.34375 per azione per i suoi azionisti preferenziali cumulabili di Serie A. La distribuzione sarà pagabile il 30 settembre 2024, agli azionisti registrati il 13 settembre 2024. Le Azioni Preferenziali Cumulabili di Serie A, negoziate con il simbolo NCZ PR A, sono classificate "A" da Fitch Ratings e offrono un tasso di dividendo annuale di $1.375 per azione. Queste azioni sono state emesse inizialmente l'11 settembre 2018, a $25.00 per azione e pagano distribuzioni trimestrali. La distribuzione attuale copre il periodo di accumulo dal 1 luglio 2024 al 30 settembre 2024. È importante notare che le Azioni Preferenziali Cumulabili di Serie A sono ora richiamabili in qualsiasi momento al valore di liquidazione di $25.00 per azione più i dividendi accumulati.
El Virtus Convertible & Income Fund II (NYSE: NCZ) ha declarado una distribución en efectivo de $0.34375 por acción para sus accionistas preferentes acumulativos de la Serie A. La distribución se pagará el 30 de septiembre de 2024, a los accionistas registrados el 13 de septiembre de 2024. Las Acciones Preferentes Acumulativas de la Serie A, que se negocian bajo el símbolo NCZ PR A, tienen una calificación de "A" por Fitch Ratings y ofrecen un tasa de dividendo anual de $1.375 por acción. Estas acciones se emitieron inicialmente el 11 de septiembre de 2018, a $25.00 por acción y pagan distribuciones trimestrales. La distribución actual cubre el período de acumulación desde el 1 de julio de 2024 hasta el 30 de septiembre de 2024. Es notable que las Acciones Preferentes Acumulativas de la Serie A son ahora llamables en cualquier momento al valor de liquidación de $25.00 por acción más los dividendos acumulados.
Virtus Convertible & Income Fund II (NYSE: NCZ)가 주당 $0.34375의 현금 배당금을 A 시리즈 누적 우선주 주주들에게 발표했습니다. 이 배당금은 2024년 9월 30일에 지급되며, 2024년 9월 13일 기준으로 주주에게 지급됩니다. A 시리즈 누적 우선주, NCZ PR A라는 기호로 거래되며, Fitch Ratings에서 "A" 등급을 받고 있으며, 주당 연간 배당률이 $1.375을 제공합니다. 이 주식은 2018년 9월 11일에 주당 $25.00으로 처음 발행되었으며 분기별 배당금을 지급합니다. 현재 배당금은 2024년 7월 1일부터 2024년 9월 30일까지의 기간을 포함합니다. 특히, A 시리즈 누적 우선주는 이제 언제든지 호출 가능하며, 청산 가치인 주당 $25.00과 누적 배당금이 더해집니다.
Le Virtus Convertible & Income Fund II (NYSE: NCZ) a déclaré une distribution en espèces de 0,34375 $ par action pour ses actionnaires préférentiels cumulés de la série A. La distribution sera versée le 30 septembre 2024, aux actionnaires enregistrés le 13 septembre 2024. Les actions préférentielles cumulées de la série A, échangées sous le symbole NCZ PR A, sont notées « A » par Fitch Ratings et offrent un taux de dividende annuel de 1,375 $ par action. Ces actions ont été initialement émises le 11 septembre 2018, à 25,00 $ par action et paient des distributions trimestrielles. La distribution actuelle couvre la période d'accumulation du 1er juillet 2024 au 30 septembre 2024. Il convient de noter que les actions préférentielles cumulées de la série A sont désormais appelables à tout moment à la valeur de liquidation de 25,00 $ par action, plus les dividendes accumulés.
Der Virtus Convertible & Income Fund II (NYSE: NCZ) hat eine Barausschüttung von $0.34375 pro Aktie für seine kumulierten Vorzugsaktionäre der Serie A erklärt. Die Ausschüttung ist am 30. September 2024 fällig und richtet sich an Aktionäre, die am 13. September 2024 registriert sind. Die kumulierten Vorzugsaktien der Serie A, die unter dem Symbol NCZ PR A gehandelt werden, sind von Fitch Ratings mit „A“ bewertet und bieten eine jährliche Dividendenrate von $1.375 pro Aktie. Diese Aktien wurden ursprünglich am 11. September 2018 zu einem Preis von $25.00 pro Aktie ausgegeben und zahlen vierteljährliche Ausschüttungen. Die aktuelle Ausschüttung deckt den Ansparzeitraum vom 1. Juli 2024 bis zum 30. September 2024 ab. Bemerkenswert ist, dass die kumulierten Vorzugsaktien der Serie A jetzt jederzeit kündbar sind zum Liquidationswert von $25.00 pro Aktie zuzüglich der aufgelaufenen Dividenden.
- Quarterly cash distribution of $0.34375 per share for Series A cumulative preferred shareholders
- Series A Cumulative Preferred Shares rated "A" by Fitch Ratings
- Annual dividend rate of $1.375 per share for Series A Cumulative Preferred Shares
- None.
The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCZ PR A, are rated “A” by Fitch Ratings and have an annual dividend rate of
About the Fund
Virtus Convertible & Income Fund II has 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 the fund and Voya Investment Management is its subadviser.
For more information on this fund, 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 the fund’s investment objective and risks, please see the fund’s annual report. A copy of the fund’s 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.
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For Further Information:
Shareholder Services
(866) 270-7788
closedendfunds@virtus.com
Source: Virtus Convertible & Income Fund II
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