Virtus Convertible & Income Fund II

NCZ

Market cap $286M

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.

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.

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 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.

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 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 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 Prefe.

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 II (NYSE: NCZ) announced today that it has declared a $0.34375 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 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.

Virtus Convertible & Income Fund II offers a high 10.5% yield and trades at a discount to NAV, appealing to income-focused investors. NCZ's earnings and distributions have been inconsistent, with payouts declining over the last decade and heavy reliance on net realized gains for coverage. The fund's aggressive leverage and high exposure to below-investment-grade and unrated securities increase risk, especially in a high-interest-rate environment.

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:.