Virtus Convertible & Income Fund II Announces Payment of Previously Declared Monthly Common Share Distribution; Reconfirms August 1 Distribution

Rhea-AI Summary

Virtus Convertible & Income Fund II (NYSE: NCZ) announced the processing of its monthly distribution of $0.0375 per common share, initially scheduled for July 1. This payment will now go out to shareholders of record as of June 13, 2022. Additionally, the Fund's Board has declared another $0.0375 distribution for August 1, payable to shareholders who are on record as of July 11, 2022, with an ex-dividend date of July 8, 2022. The Fund aims to provide a total return through capital appreciation and high current income.

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• Monthly distribution of $0.0375 confirmed for July and August.

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• Investment subject to risks including possible loss of principal.

HARTFORD, Conn., July 8, 2022 /PRNewswire/ -- Virtus Convertible & Income Fund II (NYSE: NCZ), a closed-end fund, announced today that it will begin to process its monthly distribution of $0.0375 per common share, which was previously scheduled to be paid on July 1 to shareholders of record as of June 13, 2022.

In addition, the Fund's Board has declared the monthly distribution of $0.0375 per common share for payment on August 1 to shareholders of record as of July 11, 2022 (ex-dividend date of July 8, 2022).

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 of the fund and Allianz Global Investors manages the fund in a subadvisory capacity. For more information, contact shareholder services at 866-270-7788, by email at closedendfunds@virtus.com, or through the closed-end fund section of 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 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.

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SOURCE Virtus Convertible & Income Fund II

FAQ

What is the distribution amount for NCZ in July 2022?

The distribution amount for Virtus Convertible & Income Fund II (NCZ) in July 2022 is $0.0375 per common share.

When will the next distribution for NCZ be paid?

The next distribution for NCZ will be paid on August 1, 2022, to shareholders of record as of July 11, 2022.

What is the ex-dividend date for NCZ's August 2022 distribution?

The ex-dividend date for NCZ's August 2022 distribution is July 8, 2022.