VIRTUS ALLGL.CNV.+INC.II

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.» Mehr auf businesswire.com

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.» Mehr auf seekingalpha.com

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.» Mehr auf seekingalpha.com