Virtus AllianzGI Convertible & Income Fund II

Virtus AllianzGI Convertible & Income Fund II operates as a closed-end fund, which seeks to provide total return through a combination of capital appreciation and high current income. It invests in a diversified portfolio of domestic convertible securities and non-convertible high-yield bonds rated below investment grade. The company was founded on April 22, 2003 and is headquartered in New York, NY.

Virtus AllianzGI Convertible & Income Fund II operates as a closed-end fund, which seeks to provide total return through a combination of capital appreciation and high current income. It invests in a diversified portfolio of domestic convertible securities and non-convertible high-yield bonds rated below investment grade. The company was founded on April 22, 2003 and is headquartered in Greenfield, MA.

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, 2024 to Series A cumulative preferred shareholders of record on December 12, 2024. 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 Announces Quarterly Distribution: 5.500% Series A Cumulative Preferred Shares

Western Asset Emerging Markets Debt Fund

MainStay MacKay DefinedTerm Municipal Opportunities Fund

BlackRock Municipal Income Fund

Virtus AllianzGI Convertible & Income Fund

Putnam High Income Securities Fund

We review the CEF market valuation and performance through the third week of November and highlight recent market action. CEFs had a positive week, with most sectors gaining except for higher-quality sectors like Munis and Agencies. MLPs led month-to-date returns with double-digit gains. The Western Asset Emerging Market Debt Fund raised its distribution by 4%, but its 70% coverage ratio makes it less appealing.

CEF Weekly Review: Emerging Market Debt Remains A Tricky Income Holding

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) announced today that their Boards of Trustees approved a 1-for-4 reverse stock split for each Fund effective on or about the start of trading on Monday, February 10, 2025 (“Effective Date”). The Funds' common shares will begin trading on a split-adjusted basis with new CUSIPs when the market opens on the Effective Date and one new share will be issued for ev.

NCV, NCZ Announce Reverse Stock Splits and Monthly Distributions

Virtus Convertible & Income Fund II's preferred shares NCZ-A, trading at $21.11 with a 6.55% yield, are rated “A” by Fitch, making them superior to most non-CEF preferred stocks. Despite not being investment-grade, NCZ-A's credit quality is exceptional due to stringent regulatory leverage requirements under the 1940 Securities Act. NCZ-A offers better credibility and yield compared to other preferred stocks like EPR-G and KIM-L, presenting a unique “Alpha” opportunity.

This 6.5% Preferred Stock Of NCZ Is Still Full Of 'Alpha'

The Virtus Convertible & Income Fund II offers an attractive 11.39% yield, outperforming many peers and appealing to income-focused investors despite potential sustainability concerns. The fund's recent performance has been strong, with a 15.75% rise in share price in six months, slightly outpacing the S&P 500 Index. The fund may have taken a risk-off position due to July's market volatility, as its cash equivalent position increased to more than 5% of net assets.

NCZ: This Convertible Bond CEF Has Improved Over The Past Few Months

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 $0.034 September 13, 2024 September 13, 2024 September 26, 2024 NCV $0.034 October 11, 2024 October 11, 2024 October 30, 2024 NCV $0.034 November 12, 2024 November 12, 2024 Nov.

Two Virtus Closed-End Funds Announce Two Monthly Distributions: NCV, NCZ

Pioneer High Income Trust

Western Asset/Claymore Inflation-Linked Opportunities & Income Fund

At my CEF Insider service, we started 2024 expecting stocks to rise about 10% to 15% this year. Well, we're well within that range now: the S&P 500 is up just under 14% in 2024, as of this writing.

My Latest ‘Recession Forecast' And 3 Big Dividends To Consider

Virtus AllianzGI Diversified Income & Convertible Fund

Virtus Artificial Intelligence & Technology Opportunities Fund

Virtus AllianzGI Convertible & Income 2024 Target Term Fund

Virtus Dividend Interest & Premium Strategy Fund

Virtus AllianzGI Equity & Convertible Income Fund

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH), 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 In.

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

The Virtus Convertible & Income Fund II is a closed-end fund that invests in a combination of convertible bonds, common stock, and fixed-income securities. The fund has a 12.59% yield, which is attractive compared to other asset types. The fund's portfolio is decent, as many of the companies in it have seen significant gains since the date that their convertible bonds were issued.

NCZ: Good Concept, But This Convertible Fund Does Not Measure Up

Ares Capital

Apollo Commercial Real Estate Finance

Barings BDC Inc

BlackRock Science and Technology Trust II

Blackstone Secured Lending Fund

Doubleline Opportunistic Credit Fund

Delek Logistics Partners

Eaton Vance Floating-Rate Income Trust

PGIM Global High Yield Fund

MidCap Financial Investment Corp

Neuberger Berman MLP Income Fund, Inc.

Pimco High Income Fund

PennantPark Investment

Chicago Atlantic Real Estate Finance

LMP Capital and Income Fund

Western Asset Diversified Income Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

Total Annual Passive Dividend Income  $10,898.00    ALERT: Today Could Be Your Best Shot At Early Retirement (Sponsored) If you want to retire before 65, pay attention.

Want $10,500 In Passive Income, Invest $5,000 Into Each of These Dividend Stocks

Aberdeen Standard Global Infr Inc Fd

FS Credit Opportunities Corp

PIMCO Dynamic Income Fund

There is a ton of demand for bonds out there right now, and it's easy to see why: they're offering big income streams—especially when you buy your high-yield “corporates” through our favorite income plays: closed-end funds (CEFs).

Thank The Fed For This Shot At Cheap 10%+ Dividends

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) announced the following distributions on their respective common shares: Virtus Convertible & Income Fund: Ticker Amount of Distribution Ex-Date Record Date Payable Date NCV $0.034 March 8, 2024 March 11, 2024 March 28, 2024 NCV $0.034 April 10, 2024 April 11, 2024 April 29, 2024 NCV $0.034 May 10, 2024 May 13, 2024 May 30, 2024 NCV $0.034 June 13, 2024.

Two Virtus Closed-End Funds Announce Four Monthly Distributions: NCV, NCZ

The Virtus Convertible & Income Fund II aims to provide income-focused investors with the potential for capital appreciation through a combination of convertible securities and junk bonds. The fund has underperformed the S&P 500 Index over the past three years, but taking distributions into account improves its performance. The fund's portfolio consists of convertible securities and junk bonds, with a focus on companies that have resolved past financial issues. However, the fund's distribution has been declining over time.

NCZ: Bursting Convertibles Bubble Still Weighs On This Fund

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV), Virtus Convertible & Income Fund II (NYSE: NCZ), and Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH) announced the following distributions on their respective common shares: Virtus Convertible & Income Fund: Ticker Amount of Distribution Ex-Date Record Date Payable Date NCV $0.034 December 8, 2023 December 11, 2023 January 2, 2024 NCV $0.034 January 11, 2024 January 12, 2024 January 30,.

Certain Virtus Closed-End Funds Announce Three Monthly Distributions: NCV, NCZ, CBH

Virtus Convertible & Income Fund II is a convertibles CEF. The closed-end fund has restructured its capital structure, retiring auction rate preferred securities for term preferred stock. The preferred shares offer an attractive 6.5% yield, making them a better investment option than the common shares.

NCZ: Capital Structure Shuffle, We Favor The Preferred Shares

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ), closed-end funds, today announced the issuance of mandatory redeemable preferred (“MRP”) shares. NCV issued shares in two series: Series # of Shares Total Offering Maturity Date A 2,040,000 $51 million May 26, 2028 B 600,000 $15 million May 26, 2030 NCZ issued: Series # of Shares Total Offering Maturity Date A 880,000 $22 million May 26, 2028 The shares of.

Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II Announce Private Placement of Mandatory Redeemable Preferred Shares

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV), Virtus Convertible & Income Fund II (NYSE: NCZ), and Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH) announced the following distributions on their respective common shares.

Certain Virtus Closed-End Funds Announce Two Monthly Distributions: NCV, NCZ, CBH

AGNC Investment

Hercules Capital

Main Street Capital

New York Community Bancorp

Ready Capital Corp

Reinsurance Group of America

A brief review of some of the positions we like at the moment. Yields ranging from 5% to 10+% in relation to embedded risks.

8 Income Picks For Any Taste With Yields From 5 To 10+%

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH), 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), and Virtus Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) have announced that they will hold a virtual joint meeting of shareholders on May 22, 2023 at 1 p.m. EDT.

Certain Virtus Closed-End Funds Announce Date of Shareholder Meetings

Western Asset Mortgage Opportunity Fund

John Hancock Investors Trust

John Hancock Income Securities Trust

We review CEF market valuation and performance through the second week of March and highlight recent market action. CEFs mostly struggled, outside of the higher-quality sectors as two bank failures spooked markets.

CEF Weekly Review: More Of The Same On The Distribution Front

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) announced that each fund will adjust the monthly distribution of its respective common shares effective with the April distribution payable May 1, 2023: Virtus Convertible & Income Fund: Ticker Current Distribution Amount New Distribution Amount Ex-Date Record Date Payable Date NCV $0.0425 $0.034 April 12, 2023 April 13, 2023 May 1, 2023 NCV $0.0425 $0.

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

NCV and NCZ have seen their discounts narrow from the wide discount we saw several months ago. NCZ presents a potentially better opportunity with a larger discount compared to NCV.

NCV And NCZ: Discounts Narrow For Both, But One Looking More Appealing

HARTFORD, Conn. , Jan. 27, 2023 /PRNewswire/ -- Seven Virtus closed-end funds that are subadvised by Voya Investment Management (Voya IM) announced that Ethan Turner has been appointed as a portfolio manager, effective today.

Certain Virtus Closed-End Funds Name Ethan Turner as Portfolio Manager

HARTFORD, Conn., Jan. 4, 2023 /PRNewswire/ -- Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) (each, a "Fund" and, together, the "Funds"), today announced that each Fund will redeem, at liquidation preference plus any accumulated but unpaid dividends, its remaining auction rate preferred shares ("ARPS") beginning on January 23, 2023 and concluding on January 27, 2023.

Virtus Convertible & Income Fund, Virtus Convertible & Income Fund II Announce Redemption of Remaining Auction Rate Preferred Shares

Leverage restrictions make any CEF preferred stock relatively safe from a credit perspective. Comparison to bank preferreds through the years.

News for Virtus AllianzGI Convertible & Income Fund II ETF (NCZ)