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 quarterly cash distribution of $0.34375 per share for its Series A Cumulative Preferred Shares. The distribution is payable on December 31, 2024, to shareholders of record as of December 12, 2024. The preferred shares, trading under NCZ PR A, are rated 'A' by Fitch Ratings with an annual dividend rate of $1.375 per share. Originally issued at $25.00 per share in September 2018, the 4,360,000 preferred shares are now callable at the liquidation value of $25.00 plus accrued dividends.
Il Virtus Convertible & Income Fund II (NYSE: NCZ) ha dichiarato una distribuzione di cassa trimestrale di $0,34375 per azione per le sue Azioni Precedenti Cumulative di Serie A. La distribuzione sar脿 pagabile il 31 dicembre 2024, agli azionisti registrati al 12 dicembre 2024. Le azioni privilegiate, negoziate con il simbolo NCZ PR A, sono classificate 'A' da Fitch Ratings con un tasso di dividendo annuale di $1,375 per azione. Emesse originariamente a $25,00 per azione nel settembre 2018, le 4.360.000 azioni privilegiate sono ora richiamabili al valore di liquidazione di $25,00 pi霉 i dividendi maturati.
El Virtus Convertible & Income Fund II (NYSE: NCZ) ha declarado una distribuci贸n de efectivo trimestral de $0.34375 por acci贸n para sus Acciones Preferentes Acumulativas de Serie A. La distribuci贸n se pagar谩 el 31 de diciembre de 2024 a los accionistas que est茅n registrados a partir del 12 de diciembre de 2024. Las acciones preferentes, que se negocian bajo el s铆mbolo NCZ PR A, tienen una calificaci贸n 'A' por parte de Fitch Ratings con una tasa de dividendo anual de $1.375 por acci贸n. Emitidas originalmente a $25.00 por acci贸n en septiembre de 2018, las 4,360,000 acciones preferentes ahora son rescatables al valor de liquidaci贸n de $25.00 m谩s los dividendos devengados.
Virtus Convertible & Income Fund II (NYSE: NCZ)电� 欤茧嫻 $0.34375鞚� 攵勱赴 順勱笀 氚半嫻旮堨潉 A 鞁滊Μ歃� 雸勳爜 鞖办劆欤检棎 雽�頃� 靹犾柛頄堨姷雼堧嫟. 鞚� 氚半嫻旮堨潃 2024雲� 12鞗� 31鞚检棎 歆�旮夒悩氅�, 欤检＜ 旮半鞚检潃 2024雲� 12鞗� 12鞚检瀰雼堧嫟. NCZ PR A 旮绊樃搿� 瓯半灅霅樀鐢 鞖办劆欤嫉鐢 Fitch Ratings搿滊秬韯� 'A' 霌标笁鞚� 氚涭晿鞙茧┌, 鞐瓣皠 氚半嫻旮堨潃 欤茧嫻 $1.375鞛呺媹雼�. 2018雲� 9鞗旍棎 欤茧嫻 $25.00搿� 觳橃潓 氚滍枆霅橃棃鞙茧┌, 順勳灛 4,360,000欤检潣 鞖办劆欤嫉鐢 $25.00鞚� 觳偘 臧�旃橃檧 氙胳旮� 氚半嫻旮堨潉 韽暔頃� 臧�瓴╈溂搿� 順胳稖頃� 靾� 鞛堨姷雼堧嫟.
Le Virtus Convertible & Income Fund II (NYSE: NCZ) a d茅clar茅 une distribution de tr茅sorerie trimestrielle de 0,34375 $ par action pour ses Actions Pr茅f茅rentielles Cumulatives de S茅rie A. La distribution sera payable le 31 d茅cembre 2024 aux actionnaires enregistr茅s au 12 d茅cembre 2024. Les actions pr茅f茅rentielles, n茅goci茅es sous le symbole NCZ PR A, sont not茅es 'A' par Fitch Ratings avec un taux de dividende annuel de 1,375 $ par action. 脡mis 脿 l'origine 脿 25,00 $ par action en septembre 2018, les 4 360 000 actions pr茅f茅rentielles peuvent maintenant 锚tre rappel茅es 脿 la valeur de liquidation de 25,00 $ plus les dividendes accumul茅s.
Der Virtus Convertible & Income Fund II (NYSE: NCZ) hat eine viertelj盲hrliche Baraussch眉ttung von 0,34375 USD pro Aktie f眉r seine Serie A kumulierten Vorzugsaktien erkl盲rt. Die Aussch眉ttung ist am 31. Dezember 2024 an die Aktion盲re auszuzahlen, die am 12. Dezember 2024 im Aktienregister stehen. Die Vorzugsaktien, die unter dem Symbol NCZ PR A gehandelt werden, sind von Fitch Ratings mit 'A' bewertet und weisen eine j盲hrliche Dividendenrate von 1,375 USD pro Aktie auf. Urspr眉nglich im September 2018 zu einem Preis von 25,00 USD pro Aktie ausgegeben, sind die 4.360.000 Vorzugsaktien jetzt zum Liquidationswert von 25,00 USD zuz眉glich aufgelaufener Dividenden k眉ndbar.
- Maintained quarterly dividend payment of $0.34375 per preferred share
- Strong 'A' rating from Fitch Ratings
- None.
Insights
This quarterly preferred dividend announcement represents a routine distribution of
The callable nature of these shares at
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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