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Virtus Convertible & Income Fund II

NCZ

Market cap $278M

14.61 USD

+0.10

0.69%

At close Updated Oct 12, 4:00 PM EDT

1 day

0.69%

5 days

5.41%

1 month

-1.88%

3 months

-4.57%

6 months

-0.54%

Year to date

4.88%

1 year

2.45%

5 years

-30.82%

10 years

-37.03%

About: Virtus Convertible & Income Fund II is a diversified, closed-end management investment company. The investment objective of the company is to provide total return through a combination of current income, current gains and long-term capital appreciation. Its portfolio of investments includes different sector investments such as in healthcare services, media, oil, gas, and consumable fuels and others.

Financials Asset Management

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 40%

Neutral 60%

Negative 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

Virtus Convertible & Income Fund II: Balancing High Yield And Capital Protection

Virtus Convertible & Income Fund II blends convertible securities and high-yield bonds, delivering high current income and capital appreciation potential. NCZ common stock trades at an 11.3% discount to NAV, near decade lows, with a 10.37% dividend yield and strong 5-year peer outperformance. NCZ.PR.A preferred shares, rated "A" by Fitch, yield 7.49%—the price decline reflects interest rate risk, not credit deterioration.

Virtus Convertible & Income Fund II: Balancing High Yield And Capital Protection

Virtus Convertible & Income Fund II Announces Quarterly Distribution: 5.500% Series A Cumulative Preferred Shares

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund II (NYSE: NCZ) announced today that it has declared a $0.34375 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 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 Cumulati.

Virtus Convertible & Income Fund II Announces Quarterly Distribution: 5.500% 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

NCZ's Preferred Stock: Investment Grade Income With 6.8% Current Yield

Virtus Convertible & Income Fund II offers a high-yield preferred stock with a 6.8% current yield and 'A' Fitch rating. NCZ.PR.A trades below par, is already callable, and leads peers in yield among A-rated CEF preferreds, providing capital protection for conservative investors. NCZ's dividend yield is 9.33% and trade at a 10% discount to NAV, but it faces risks from high leverage (32%) and elevated expense ratios.

NCZ's Preferred Stock: Investment Grade Income With 6.8% Current Yield

Virtus Convertible & Income Fund II Announces Quarterly Distribution: 5.500% Series A Cumulative Preferred Shares

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund II (NYSE: NCZ) announced today that it has declared a $0.34375 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 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 Preferr.

Virtus Convertible & Income Fund II Announces Quarterly Distribution: 5.500% 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

Pass On Virtus Convertible & Income Fund II, The Alpha Is In Its Preferred

Virtus Convertible & Income Fund II preferred stock offers a compelling opportunity with an 'A' Fitch rating and a 6.77% yield. Dividend and asset coverage ratios are robust, with preferred payments well covered and asset coverage at 285%, well above regulatory minimums. NCZ-A stands out among A-rated CEF preferreds for its superior current yield and deep discount to par, providing capital appreciation potential.

Pass On Virtus Convertible & Income Fund II, The Alpha Is In Its Preferred

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