Virtus Convertible & Income Fund II Announces Quarterly Distribution: 5.500% Series A Cumulative Preferred Shares
Virtus Convertible & Income Fund II (NYSE: NCZ) has declared a $0.34375 per share cash distribution for its Series A cumulative preferred shareholders. The distribution is payable on September 30, 2024, to shareholders of record on September 13, 2024. The Series A Cumulative Preferred Shares, trading under the symbol NCZ PR A, are rated "A" by Fitch Ratings and offer an annual dividend rate of $1.375 per share. These shares were initially issued on September 11, 2018, at $25.00 per share and pay quarterly distributions. The current distribution covers the accrual period from July 1, 2024, through September 30, 2024. Notably, the Series A Cumulative Preferred Shares are now callable at any time at the liquidation value of $25.00 per share plus accrued dividends.
Il Virtus Convertible & Income Fund II (NYSE: NCZ) ha dichiarato una distribuzione in contanti di $0.34375 per azione per i suoi azionisti preferenziali cumulabili di Serie A. La distribuzione sar脿 pagabile il 30 settembre 2024, agli azionisti registrati il 13 settembre 2024. Le Azioni Preferenziali Cumulabili di Serie A, negoziate con il simbolo NCZ PR A, sono classificate "A" da Fitch Ratings e offrono un tasso di dividendo annuale di $1.375 per azione. Queste azioni sono state emesse inizialmente l'11 settembre 2018, a $25.00 per azione e pagano distribuzioni trimestrali. La distribuzione attuale copre il periodo di accumulo dal 1 luglio 2024 al 30 settembre 2024. 脠 importante notare che le Azioni Preferenziali Cumulabili di Serie A sono ora richiamabili in qualsiasi momento al valore di liquidazione di $25.00 per azione pi霉 i dividendi accumulati.
El Virtus Convertible & Income Fund II (NYSE: NCZ) ha declarado una distribuci贸n en efectivo de $0.34375 por acci贸n para sus accionistas preferentes acumulativos de la Serie A. La distribuci贸n se pagar谩 el 30 de septiembre de 2024, a los accionistas registrados el 13 de septiembre de 2024. Las Acciones Preferentes Acumulativas de la Serie A, que se negocian bajo el s铆mbolo NCZ PR A, tienen una calificaci贸n de "A" por Fitch Ratings y ofrecen un tasa de dividendo anual de $1.375 por acci贸n. Estas acciones se emitieron inicialmente el 11 de septiembre de 2018, a $25.00 por acci贸n y pagan distribuciones trimestrales. La distribuci贸n actual cubre el per铆odo de acumulaci贸n desde el 1 de julio de 2024 hasta el 30 de septiembre de 2024. Es notable que las Acciones Preferentes Acumulativas de la Serie A son ahora llamables en cualquier momento al valor de liquidaci贸n de $25.00 por acci贸n m谩s los dividendos acumulados.
Virtus Convertible & Income Fund II (NYSE: NCZ)臧� 欤茧嫻 $0.34375鞚� 順勱笀 氚半嫻旮�鞚� A 鞁滊Μ歃� 雸勳爜 鞖办劆欤� 欤检＜霌れ棎瓴� 氚滍憸頄堨姷雼堧嫟. 鞚� 氚半嫻旮堨潃 2024雲� 9鞗� 30鞚�鞐� 歆�旮夒悩氅�, 2024雲� 9鞗� 13鞚� 旮办鞙茧 欤检＜鞐愱矊 歆�旮夒惄雼堧嫟. A 鞁滊Μ歃� 雸勳爜 鞖办劆欤�, NCZ PR A霛茧姅 旮绊樃搿� 瓯半灅霅橂┌, Fitch Ratings鞐愳劀 "A" 霌标笁鞚� 氚涥碃 鞛堨溂氅�, 欤茧嫻 鞐瓣皠 氚半嫻毳犾澊 $1.375鞚� 鞝滉车頃╇媹雼�. 鞚� 欤检嫕鞚� 2018雲� 9鞗� 11鞚检棎 欤茧嫻 $25.00鞙茧 觳橃潓 氚滍枆霅橃棃鞙茧┌ 攵勱赴氤� 氚半嫻旮堨潉 歆�旮夗暕雼堧嫟. 順勳灛 氚半嫻旮堨潃 2024雲� 7鞗� 1鞚茧秬韯� 2024雲� 9鞗� 30鞚缄箤歆�鞚� 旮瓣皠鞚� 韽暔頃╇媹雼�. 韸鬼瀳, A 鞁滊Μ歃� 雸勳爜 鞖办劆欤茧姅 鞚挫牅 鞏胳牅霌犾 順胳稖 臧�電�頃橂┌, 觳偘 臧�旃橃澑 欤茧嫻 $25.00瓿� 雸勳爜 氚半嫻旮堨澊 雿旐暣歆戨媹雼�.
Le Virtus Convertible & Income Fund II (NYSE: NCZ) a d茅clar茅 une distribution en esp猫ces de 0,34375 $ par action pour ses actionnaires pr茅f茅rentiels cumul茅s de la s茅rie A. La distribution sera vers茅e le 30 septembre 2024, aux actionnaires enregistr茅s le 13 septembre 2024. Les actions pr茅f茅rentielles cumul茅es de la s茅rie A, 茅chang茅es sous le symbole NCZ PR A, sont not茅es 芦 A 禄 par Fitch Ratings et offrent un taux de dividende annuel de 1,375 $ par action. Ces actions ont 茅t茅 initialement 茅mises le 11 septembre 2018, 脿 25,00 $ par action et paient des distributions trimestrielles. La distribution actuelle couvre la p茅riode d'accumulation du 1er juillet 2024 au 30 septembre 2024. Il convient de noter que les actions pr茅f茅rentielles cumul茅es de la s茅rie A sont d茅sormais appelables 脿 tout moment 脿 la valeur de liquidation de 25,00 $ par action, plus les dividendes accumul茅s.
Der Virtus Convertible & Income Fund II (NYSE: NCZ) hat eine Baraussch眉ttung von $0.34375 pro Aktie f眉r seine kumulierten Vorzugsaktion盲re der Serie A erkl盲rt. Die Aussch眉ttung ist am 30. September 2024 f盲llig und richtet sich an Aktion盲re, die am 13. September 2024 registriert sind. Die kumulierten Vorzugsaktien der Serie A, die unter dem Symbol NCZ PR A gehandelt werden, sind von Fitch Ratings mit 鈥濧鈥� bewertet und bieten eine j盲hrliche Dividendenrate von $1.375 pro Aktie. Diese Aktien wurden urspr眉nglich am 11. September 2018 zu einem Preis von $25.00 pro Aktie ausgegeben und zahlen viertelj盲hrliche Aussch眉ttungen. Die aktuelle Aussch眉ttung deckt den Ansparzeitraum vom 1. Juli 2024 bis zum 30. September 2024 ab. Bemerkenswert ist, dass die kumulierten Vorzugsaktien der Serie A jetzt jederzeit k眉ndbar sind zum Liquidationswert von $25.00 pro Aktie zuz眉glich der aufgelaufenen Dividenden.
- Quarterly cash distribution of $0.34375 per share for Series A cumulative preferred shareholders
- Series A Cumulative Preferred Shares rated "A" by Fitch Ratings
- Annual dividend rate of $1.375 per share for Series A Cumulative Preferred Shares
- None.
The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCZ PR A, are rated 鈥淎鈥� by Fitch Ratings and have an annual dividend rate of
About the Fund
has an investment objective to provide total return through a combination of capital appreciation and high current income. Virtus Investment Advisers, Inc. is the investment adviser to the fund and is its subadviser.
For more information on this fund, contact shareholder services at (866) 270-7788, by email at closedendfunds@virtus.com, or through the Closed-End Funds section on the web at .
Fund Risks
An investment in a fund is subject to risk, including the risk of possible loss of principal. A fund鈥檚 shares may be worth less upon their sale than what an investor paid for them. Shares of closed-end funds may trade at a premium or discount to their net asset value. For more information about the fund鈥檚 investment objective and risks, please see the fund鈥檚 annual report. A copy of the fund鈥檚 most recent annual report may be obtained free of charge by contacting 鈥淪hareholder Services鈥� as set forth at the end of this press release.
About Virtus Investment Partners, Inc.
(NYSE: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. We provide investment management products and services from our , each with a distinct investment style and autonomous investment process, as well as select subadvisers. Investment solutions are available across multiple disciplines and product types to meet a wide array of investor needs. Additional information about our firm, investment partners, and strategies is available at .
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For Further Information:
Shareholder Services
(866) 270-7788
closedendfunds@virtus.com
Source: Virtus Convertible & Income Fund II
FAQ
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