NCV

Virtus Convertible & Income Fund

NCV

Market cap $341M

Overview Fund Activity

15.09 USD

+0.01

0.07%

At close Updated Sep 16, 4:00 PM EDT

Pre-market

After hours

15.09

0.00

0%

1 day

0.07%

5 days

-0.33%

1 month

3.93%

3 months

10.87%

6 months

15.46%

Year to date

9.03%

1 year

9.99%

5 years

-20.58%

10 years

-40.31%

About: Virtus Convertible & Income Fund is a diversified, closed-end management investment company. Its investment objective is to provide total return through a combination of capital appreciation and high current income. 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.

Financials Asset Management

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

75% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 12

25% more capital invested

Capital invested by funds: $71.2M [Q1] → $88.8M (+$17.6M) [Q2]

14% more funds holding

Funds holding: 56 [Q1] → 64 (+8) [Q2]

3.86% more ownership

Funds ownership: 24.37% [Q1] → 28.23% (+3.86%) [Q2]

52% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 23

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Financial journalist opinion

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, 2025 to Series A cumulative preferred shareholders of record on September 12, 2025. 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 12, 2025 September 29, 2025 NCV $0.136 October 14, 2025 October 30, 2025 NCV $0.136 November 13, 2025 November 26, 2025 Virtus Convertible & Income Fund II.

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

Stability And Profitability: What NCV.PR.A Hides With Over 6.5% Current Yield

NCV.PR.A offers a stable 6.5% yield with cumulative dividends, ideal for investors seeking reliable passive income with moderate risk. Backed by Virtus Convertible & Income Fund, NCV.PR.A benefits from a diversified, quality portfolio and a strong 'A' Fitch credit rating. The preferred stock trades at $21.61, with its call date passed, providing attractive value and potential price stability for income-focused investors.

Stability And Profitability: What NCV.PR.A Hides With Over 6.5% Current Yield

NCV: Appealing Discount But Weak Track Record To Peers

NCV trades at a historically wide discount, making the current valuation more attractive, but its long-term performance lags convertible CEF peers. The fund's high distribution yield appears unsustainable, with frequent past cuts and significant return of capital, signaling caution for income-focused investors. NAV erosion and a recent reverse split highlight challenges this fund has faced, and leverage remains high, increasing risk during market downturns.

NCV: Appealing Discount But Weak Track Record To Peers

NCV: A Fully Covered 12% Yield That Is Hard To Ignore

Virtus Convertible & Income Fund offers a 12% yield, providing high income with equity-like protection against currency devaluation. There is a very high probability that the United States will struggle to avoid currency devaluation going forward. The NCV closed-end fund's distribution is fully covered by investment income and realized gains, supporting the sustainability of its high yield for now.

NCV: A Fully Covered 12% Yield That Is Hard To Ignore

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 July 11, 2025 July 30, 2025 NCV $0.136 August 11, 2025 August 28, 2025 Virtus Convertible & Income Fund II: Ticker Amount of Distribution Ex-Date/Record Date Payable.

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

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, 2025 to Series A cumulative preferred shareholders of record on June 12, 2025. 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

NCV: High Yield And Fully Covered Distribution

The Virtus Convertible & Income Fund offers a high yield of 12.37%, but has struggled with negative real returns and distribution cuts over the past decade. The NCV closed-end fund invests primarily in convertible bonds, which have better inflation protection than traditional bonds, but its management has underperformed relative to indices. Recent performance has been volatile, with a slight gain of 1.46% over ten months, but distributions have helped offset share price declines.

NCV: High Yield And Fully Covered Distribution

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 April 11, 2025 April 29, 2025 NCV $0.136 May 12, 2025 May 29, 2025 NCV $0.136 June 12, 2025 June 27, 2025 Virtus Convertible & Income Fund II: Ticker Amount of Distr.

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

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