NCZ
Virtus Convertible & Income Fund IINCZ
NCZ
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 capital appreciation and high current income. Its portfolio of investments includes different sector investments such as in healthcare services, media, oil, gas, and consumable fuels and others.
0
Funds holding %
of 7,419 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
60% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 20
1.0% more ownership
Funds ownership: 34.2% [Q3] → 35.21% (+1.0%) [Q4]
4% more capital invested
Capital invested by funds: $81M [Q3] → $83.9M (+$2.92M) [Q4]
0% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 11
2% less funds holding
Funds holding: 82 [Q3] → 80 (-2) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for NCZ.
Financial journalist opinion
Neutral
Business Wire
1 month ago
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 April 11, 2025 April 29, 2025 NCV $0.136 May 12, 2025 May 29, 2025 NCV $0.136 June 12, 2025 June 27, 2025 Virtus Convertible & Income Fund II: Ticker Amount of Distr.
Neutral
Business Wire
1 month ago
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 March 31, 2025 to Series A cumulative preferred shareholders of record on March 17, 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 Prefe.
Positive
Seeking Alpha
2 months ago
NCZ-A: A 6.7% Yielding A-Rated Addition To Our Portfolio
The equity market is overvalued, presenting an opportunity to switch to higher credit quality investments like Virtus Convertible & Income Fund II, 5.50% Series A Cumul Preferred Shares (NCZ-A). NCZ-A offers a 5.5% cumulative annual dividend, trading at $20.59 with a current yield of 6.70%, and is eligible for preferential tax rates. Virtus Convertible & Income Fund focuses on convertible securities and high-yield bonds, with a strong dividend yield of 11.24% and a consistent trading discount.
Neutral
Business Wire
2 months ago
NCV, NCZ Announces Date of Reverse Stock Splits
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) announced that a 1-for-4 reverse stock split of the issued and outstanding shares of each Fund will be effective as of the start of trading on Monday, February 10, 2025 (“Effective Date”). The reverse stock splits were previously announced, approved by each Fund's board, and are intended to enhance shareholder value. As a result of the reverse stock splits,.
Neutral
Business Wire
4 months ago
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 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.
Neutral
Seeking Alpha
4 months ago
CEF Weekly Review: Emerging Market Debt Remains A Tricky Income Holding
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.
Neutral
Business Wire
5 months ago
NCV, NCZ Announce Reverse Stock Splits and Monthly Distributions
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.
Positive
Seeking Alpha
5 months ago
This 6.5% Preferred Stock Of NCZ Is Still Full Of 'Alpha'
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.
Positive
Seeking Alpha
6 months ago
NCZ: This Convertible Bond CEF Has Improved Over The Past Few Months
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.
Neutral
Business Wire
7 months ago
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, 2024 to Series A cumulative preferred shareholders of record on September 13, 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 Cumulati.
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