Virtus Convertible & Income Fund (NCV)
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Virtus Convertible & Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade. It invests in securities with a broad range of maturities, with a weighted average maturity ranging between five to ten years. The fund employs fundamental analysis with a bottom up stock picking approach to create its portfolio. It conducts in house research using proprietary models. The fund was formerly known as AGIC Convertible & Income Fund. Virtus Convertible & Income Fund was formed on March 31, 2003 and is domiciled in the United States.
NEWS
Stability And Profitability: What NCV.PR.A Hides With Over 6.5% Current Yield
seekingalpha.com
2025-08-14 09:46:15NCV.PR.A offers a stable 6.5% yield with cumulative dividends, ideal for investors seeking reliable passive income with moderate risk. Backed by Virtus Convertible & Income Fund, NCV.PR.A benefits from a diversified, quality portfolio and a strong 'A' Fitch credit rating. The preferred stock trades at $21.61, with its call date passed, providing attractive value and potential price stability for income-focused investors.
NCV: Appealing Discount But Weak Track Record To Peers
seekingalpha.com
2025-06-28 08:55:23NCV trades at a historically wide discount, making the current valuation more attractive, but its long-term performance lags convertible CEF peers. The fund's high distribution yield appears unsustainable, with frequent past cuts and significant return of capital, signaling caution for income-focused investors. NAV erosion and a recent reverse split highlight challenges this fund has faced, and leverage remains high, increasing risk during market downturns.
NCV: A Fully Covered 12% Yield That Is Hard To Ignore
seekingalpha.com
2025-06-16 14:50:03Virtus Convertible & Income Fund offers a 12% yield, providing high income with equity-like protection against currency devaluation. There is a very high probability that the United States will struggle to avoid currency devaluation going forward. The NCV closed-end fund's distribution is fully covered by investment income and realized gains, supporting the sustainability of its high yield for now.
Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II Announce Monthly Distributions
businesswire.com
2025-06-04 16:45:00HARTFORD, 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 July 11, 2025 July 30, 2025 NCV $0.136 August 11, 2025 August 28, 2025 Virtus Convertible & Income Fund II: Ticker Amount of Distribution Ex-Date/Record Date Payable.
Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares
businesswire.com
2025-06-02 16:05:00HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) announced today that it has declared a $0.3515625 per share cash distribution payable on June 30, 2025 to Series A cumulative preferred shareholders of record on June 12, 2025. The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCV PR A, are rated “A” by Fitch Ratings and have an annual dividend rate of $1.40625 per share. The 4,000,000 Series A Cumulative Prefer.
NCV: High Yield And Fully Covered Distribution
seekingalpha.com
2025-03-21 16:36:03The Virtus Convertible & Income Fund offers a high yield of 12.37%, but has struggled with negative real returns and distribution cuts over the past decade. The NCV closed-end fund invests primarily in convertible bonds, which have better inflation protection than traditional bonds, but its management has underperformed relative to indices. Recent performance has been volatile, with a slight gain of 1.46% over ten months, but distributions have helped offset share price declines.
Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II Announce Monthly Distributions
businesswire.com
2025-03-06 16:37:00HARTFORD, 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.
Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares
businesswire.com
2025-03-05 16:10:00HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) announced today that it has declared a $0.3515625 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 NCV PR A, are rated “A” by Fitch Ratings and have an annual dividend rate of $1.40625 per share. The 4,000,000 Series A Cumulative Pref.
NCV, NCZ Announces Date of Reverse Stock Splits
businesswire.com
2025-02-03 16:05:00HARTFORD, 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,.
NCV: 11% Yield, 9% Discount On Convertibles
seekingalpha.com
2024-12-13 09:15:00The Virtus Convertible & Income Fund offers capital appreciation and high current income through a diversified portfolio of convertible securities and high-yield bonds. NCV has a high expense ratio of 3.41%, uses 35% leverage, and has seen a significant dividend decrease, with 2024 distributions being 100% Return of Capital. The fund's performance has lagged, especially in 2022, with a -34% price return, and it currently trades at a 9.45% discount to NAV.
Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares
businesswire.com
2024-12-02 16:10:00HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) announced today that it has declared a $0.3515625 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 NCV PR A, are rated “A” by Fitch Ratings and have an annual dividend rate of $1.40625 per share. The 4,000,000 Series A Cumulativ.
CEF Weekly Review: Emerging Market Debt Remains A Tricky Income Holding
seekingalpha.com
2024-11-30 22:47:56We 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.
NCV, NCZ Announce Reverse Stock Splits and Monthly Distributions
businesswire.com
2024-11-20 16:36:00HARTFORD, 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.
Want $1,200 in Annual Passive Income? Invest $1,200 in Each Of These 9 Stocks
247wallst.com
2024-10-02 08:51:24In recent years, many conservative investors relying on fixed-income securities for their income needs have found their buying power cut anywhere from 15% to over 100% on some items, due to inflation.
Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares
businesswire.com
2024-09-03 16:15:00HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) announced today that it has declared a $0.3515625 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 NCV PR A, are rated “A” by Fitch Ratings and have an annual dividend rate of $1.40625 per share. The 4,000,000 Series A Cumulat.
Two Virtus Closed-End Funds Announce Two Monthly Distributions: NCV, NCZ
businesswire.com
2024-06-06 16:45:00HARTFORD, 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 July 11, 2024 July 11, 2024 July 30, 2024 NCV $0.034 August 12, 2024 August 12, 2024 August 29, 2024 Virtus Convertible & Income Fund II: Ticker Amount of Distributi.
Stability And Profitability: What NCV.PR.A Hides With Over 6.5% Current Yield
seekingalpha.com
2025-08-14 09:46:15NCV.PR.A offers a stable 6.5% yield with cumulative dividends, ideal for investors seeking reliable passive income with moderate risk. Backed by Virtus Convertible & Income Fund, NCV.PR.A benefits from a diversified, quality portfolio and a strong 'A' Fitch credit rating. The preferred stock trades at $21.61, with its call date passed, providing attractive value and potential price stability for income-focused investors.
NCV: Appealing Discount But Weak Track Record To Peers
seekingalpha.com
2025-06-28 08:55:23NCV trades at a historically wide discount, making the current valuation more attractive, but its long-term performance lags convertible CEF peers. The fund's high distribution yield appears unsustainable, with frequent past cuts and significant return of capital, signaling caution for income-focused investors. NAV erosion and a recent reverse split highlight challenges this fund has faced, and leverage remains high, increasing risk during market downturns.
NCV: A Fully Covered 12% Yield That Is Hard To Ignore
seekingalpha.com
2025-06-16 14:50:03Virtus Convertible & Income Fund offers a 12% yield, providing high income with equity-like protection against currency devaluation. There is a very high probability that the United States will struggle to avoid currency devaluation going forward. The NCV closed-end fund's distribution is fully covered by investment income and realized gains, supporting the sustainability of its high yield for now.
Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II Announce Monthly Distributions
businesswire.com
2025-06-04 16:45:00HARTFORD, 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 July 11, 2025 July 30, 2025 NCV $0.136 August 11, 2025 August 28, 2025 Virtus Convertible & Income Fund II: Ticker Amount of Distribution Ex-Date/Record Date Payable.
Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares
businesswire.com
2025-06-02 16:05:00HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) announced today that it has declared a $0.3515625 per share cash distribution payable on June 30, 2025 to Series A cumulative preferred shareholders of record on June 12, 2025. The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCV PR A, are rated “A” by Fitch Ratings and have an annual dividend rate of $1.40625 per share. The 4,000,000 Series A Cumulative Prefer.
NCV: High Yield And Fully Covered Distribution
seekingalpha.com
2025-03-21 16:36:03The Virtus Convertible & Income Fund offers a high yield of 12.37%, but has struggled with negative real returns and distribution cuts over the past decade. The NCV closed-end fund invests primarily in convertible bonds, which have better inflation protection than traditional bonds, but its management has underperformed relative to indices. Recent performance has been volatile, with a slight gain of 1.46% over ten months, but distributions have helped offset share price declines.
Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II Announce Monthly Distributions
businesswire.com
2025-03-06 16:37:00HARTFORD, 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.
Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares
businesswire.com
2025-03-05 16:10:00HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) announced today that it has declared a $0.3515625 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 NCV PR A, are rated “A” by Fitch Ratings and have an annual dividend rate of $1.40625 per share. The 4,000,000 Series A Cumulative Pref.
NCV, NCZ Announces Date of Reverse Stock Splits
businesswire.com
2025-02-03 16:05:00HARTFORD, 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,.
NCV: 11% Yield, 9% Discount On Convertibles
seekingalpha.com
2024-12-13 09:15:00The Virtus Convertible & Income Fund offers capital appreciation and high current income through a diversified portfolio of convertible securities and high-yield bonds. NCV has a high expense ratio of 3.41%, uses 35% leverage, and has seen a significant dividend decrease, with 2024 distributions being 100% Return of Capital. The fund's performance has lagged, especially in 2022, with a -34% price return, and it currently trades at a 9.45% discount to NAV.
Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares
businesswire.com
2024-12-02 16:10:00HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) announced today that it has declared a $0.3515625 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 NCV PR A, are rated “A” by Fitch Ratings and have an annual dividend rate of $1.40625 per share. The 4,000,000 Series A Cumulativ.
CEF Weekly Review: Emerging Market Debt Remains A Tricky Income Holding
seekingalpha.com
2024-11-30 22:47:56We 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.
NCV, NCZ Announce Reverse Stock Splits and Monthly Distributions
businesswire.com
2024-11-20 16:36:00HARTFORD, 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.
Want $1,200 in Annual Passive Income? Invest $1,200 in Each Of These 9 Stocks
247wallst.com
2024-10-02 08:51:24In recent years, many conservative investors relying on fixed-income securities for their income needs have found their buying power cut anywhere from 15% to over 100% on some items, due to inflation.
Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares
businesswire.com
2024-09-03 16:15:00HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) announced today that it has declared a $0.3515625 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 NCV PR A, are rated “A” by Fitch Ratings and have an annual dividend rate of $1.40625 per share. The 4,000,000 Series A Cumulat.
Two Virtus Closed-End Funds Announce Two Monthly Distributions: NCV, NCZ
businesswire.com
2024-06-06 16:45:00HARTFORD, 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 July 11, 2024 July 11, 2024 July 30, 2024 NCV $0.034 August 12, 2024 August 12, 2024 August 29, 2024 Virtus Convertible & Income Fund II: Ticker Amount of Distributi.