Virtus Convertible & Income Fund

NCV 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.» Mehr auf seekingalpha.com

Virtus 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.» Mehr auf seekingalpha.com

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 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.» Mehr auf businesswire.com