Virtus Convertible & Income Fund

NCV

Market cap $375M

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.

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.

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.

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 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.

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 March 31, 2026 to Series A cumulative preferred shareholders of record on March 24, 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 Pref.

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 March 16, 2026 March 30, 2026 NCV $0.136 April 13, 2026 April 29, 2026 NCV $0.136 May 11, 2026 May 28, 2026 Virtus Convertible & Income Fund II: Ticker Amount of Dis.

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 December 31, 2025 to Series A cumulative preferred shareholders of record on December 11, 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 Cumulativ.

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 December 11, 2025 December 30, 2025 NCV $0.136 January 12, 2026 January 29, 2026 NCV $0.136 February 12, 2026 February 26, 2026 Virtus Convertible & Income Fund II:.

Virtus Convertible & Income Fund offers a high 10.6% yield and trades at a 10.7% discount to NAV but faces significant risks. NCV's dividend payouts have declined consistently over the past decade, with recent distributions increasingly funded by return of capital, raising sustainability concerns. The fund's high leverage (34.4%) and large exposure to below-investment-grade and unrated securities amplify risk, especially in a high interest rate environment.