HARTFORD, Conn., Dec. 1, 2022
/PRNewswire/ -- Virtus Convertible & Income Fund II (NYSE:
NCZ), announced today that it has declared a $0.34375 per share cash distribution payable on
December 30, 2022 to Series A
cumulative preferred shareholders of record on December 12, 2022.
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 $1.375 per share. The 4,360,000 Series A
Cumulative Preferred Shares were issued September 11, 2018 at $25.00 per share and pay distributions quarterly.
This distribution represents the accrual period from October 1, 2022 through December 31, 2022. The Series A Cumulative
Preferred Shares will be callable at any time at the liquidation
value of $25.00 per share plus
accrued dividends from and after the expiration of a five-year
non-call period on September 11,
2023.
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.
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SOURCE Virtus Convertible & Income Fund II