Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II Announce Adjustments to Monthly Distributions
March 03 2023 - 4:15PM
Business Wire
Virtus Convertible & Income Fund (NYSE: NCV) and Virtus
Convertible & Income Fund II (NYSE: NCZ) announced that each
fund will adjust the monthly distribution of its respective common
shares effective with the April distribution payable May 1,
2023:
Virtus Convertible & Income Fund:
Ticker
Current Distribution
Amount
New Distribution
Amount
Ex-Date
Record Date
Payable Date
NCV
$0.0425
$0.034
April 12, 2023
April 13, 2023
May 1, 2023
NCV
$0.0425
$0.034
May 10, 2023
May 11, 2023
June 1, 2023
NCV
$0.0425
$0.034
June 9, 2023
June 12, 2023
July 3, 2023
Virtus Convertible & Income Fund II:
Ticker
Current Distribution
Amount
New Distribution
Amount
Ex-Date
Record Date
Payable Date
NCZ
$0.0375
$0.03
April 12, 2023
April 13, 2023
May 1, 2023
NCZ
$0.0375
$0.03
May 10, 2023
May 11, 2023
June 1, 2023
NCZ
$0.0375
$0.03
June 9, 2023
June 12, 2023
July 3, 2023
The 20% decrease in each fund’s monthly distribution reflects
the increase in each fund’s respective cost of leverage, current
and expected earnings, and the overall market environment.
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 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 (NCV) and Virtus
Convertible & Income Fund II (NCZ) 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 and Voya Investment Management is
the subadviser to each fund. For more information on the funds,
contact Shareholder Services at (866) 270-7788, by email at
closedendfunds@virtus.com, or through the closed-end funds 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 most recent annual report may be obtained free of charge by
contacting Shareholder Services.
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version on businesswire.com: https://www.businesswire.com/news/home/20230303005050/en/
For Further Information:
Shareholder Services (866) 270-7788 closedendfunds@virtus.com
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