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Virtus Convertible & Income Fund

NCV

Börsenwert 334 Mio. $

14,78 USD

-0,24

1,6 %

Zum Börsenschluss Aktualisiert 16. Okt., 16:00 EDT

1 Tag

-1,6 %

5 Tage

-6,28 %

1 Monat

-5,62 %

3 Monate

-9,66 %

6 Monate

-8,99 %

Seit Jahresbeginn

-3,27 %

1 Jahr

-4,4 %

5 Jahre

-40,4 %

10 Jahre

-43,33 %

Profil: Virtus Convertible & Income Fund is a diversified, closed-end management investment company. Its investment objective is to provide total return through a combination of current income, current gains and long-term capital appreciation. It intends to achieve the objective by investing in a portfolio of domestic convertible securities and non-convertible income-producing securities. Its portfolio of investments includes Software, the Internet, the Commercial Services sector in the form of Convertible Bonds and Notes, and Media, Oil, Gas & Consumable Fuels, and Entertainment sector in the form of Corporate Bonds and Notes.

Finanzwesen Vermögensverwaltung

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Positiv

Neutral

Negativ

Stimmung 3 Monate

Positiv 40 %

Neutral 60 %

Negativ 0 %

NCZ To NCV: The Virtus Convertible Twins Trade Unusually Far Apart

Virtus Convertible & Income Fund II and Virtus Convertible & Income Fund hold nearly identical portfolios, yet they trade unusually far apart. NCZ trades at a 9.51% discount versus NCV's 12.13% discount, a gap about two standard deviations above its one-year average of roughly 0.5 points. With a 0.998 correlation in daily NAV moves over the past year, rotating from NCZ to NCV keeps essentially the same convertibles exposure at a lower valuation.

NCZ To NCV: The Virtus Convertible Twins Trade Unusually Far Apart

NCV: High Yield On Common Shares And Security With NCV.PR.A.

Virtus Convertible & Income Fund offers a 10.25% dividend yield, trading at a 9.34% discount to NAV, near its 5-year average. NCV maintains high leverage at 33.22%, with 65.3% in convertibles and 29.5% in high-yield bonds, focusing on IT, Industrials, and Financials. The fund's preferred stock yields 7.22%, trades below par, holds an A rating, and is considered among the safest preferreds in its peer group.

NCV: High Yield On Common Shares And Security With NCV.PR.A.

Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) announced today that it has declared a $0.3515625 per share cash distribution payable on September 30, 2026 to Series A cumulative preferred shareholders of record on September 23, 2026. The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCV PR A, are rated “A” by Fitch Ratings and have an annual dividend rate of $1.40625 per share. The 4,000,000 Series A Cumulat.

Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares

Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II Announce Monthly Distributions

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 $0.136 September 14, 2026 September 29, 2026 NCV $0.136 October 13, 2026 October 29, 2026 NCV $0.136 November 12, 2026 November 27, 2026 Virtus Convertible & Income Fund II.

Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II Announce Monthly Distributions

Virtus Closed-End Funds Announce Portfolio Management Refinements

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus Diversified Income & Convertible Fund (NYSE: ACV), Virtus Convertible & Income Fund (NYSE: NCV), Virtus Convertible & Income Fund II (NYSE: NCZ), and Virtus Equity & Convertible Income Fund (NYSE: NIE) (collectively, the “Funds”) announced today certain portfolio management refinements approved by the Board of Trustees. Under the refined portfolio management s.

Virtus Closed-End Funds Announce Portfolio Management Refinements

Behind The Yield: A Closer Look At NCV

Virtus Convertible & Income Fund offers a 9.6% yield but relies heavily on return of capital, leading to long-term NAV erosion. NCV's portfolio is highly leveraged (32.7%) and mostly below investment grade or unrated, amplifying both risk and return in volatile markets. The fund's high 4.20% expense ratio and persistent NAV decline undermine the sustainability of its attractive yield.

Behind The Yield: A Closer Look At NCV

Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) announced today that it has declared a $0.3515625 per share cash distribution payable on June 30, 2026 to Series A cumulative preferred shareholders of record on June 23, 2026. The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCV PR A, are rated “A” by Fitch Ratings and have an annual dividend rate of $1.40625 per share. The 4,000,000 Series A Cumulative Prefer.

Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares

Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II Announce Monthly Distributions

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 $0.136 June 15, 2026 June 29, 2026 NCV $0.136 July 13, 2026 July 30, 2026 NCV $0.136 August 13, 2026 August 28, 2026 Virtus Convertible & Income Fund II: Ticker Amount of D.

Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II Announce Monthly Distributions

Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus Convertible & Income Fund (NYSE: NCV), Virtus Convertible & Income Fund II (NYSE: NCZ), Virtus Diversified Income & Convertible Fund (NYSE: ACV), Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ), Virtus Equity & Convertible Income Fund (NYSE: NIE), Virtus Global Multi-Sector Income Fund (NYSE: VGI), Virtus Stone Harbor Emerging Markets Income.

Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders

NCV: Dividend Coverage Improved But High Interest Rates Threaten Growth

Virtus Convertible & Income Fund remains a hold as growth potential is limited by elevated interest rates and aggressive leverage. NCV trades at a 10.62% discount to NAV and offers a 10% yield, but persistent NAV erosion and spotty dividend history raise sustainability concerns. Net investment income has declined, making distributions reliant on net realized gains and return of capital, which undermines long-term NAV stability.

NCV: Dividend Coverage Improved But High Interest Rates Threaten Growth

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