Virtus AllianzGI Convertible & Income Fund

AllianzGI Convertible & Income Fund is diversified, closed-end fund, which seeks to provide total return through a combination of capital appreciation and current income. It invests in a portfolio of domestic convertible securities and non-convertible high yield bonds rated below investment grade. The company was founded on January 17, 2003 and is headquartered in New York, NY.

The 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.

NCV: 11% Yield, 9% Discount On Convertibles

HARTFORD, 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.

Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares

Western Asset Emerging Markets Debt Fund

MainStay MacKay DefinedTerm Municipal Opportunities Fund

BlackRock Municipal Income Fund

Virtus AllianzGI Convertible & Income Fund II

Putnam High Income Securities Fund

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.

CEF Weekly Review: Emerging Market Debt Remains A Tricky Income Holding

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.

NCV, NCZ Announce Reverse Stock Splits and Monthly Distributions

Black Stone Minerals LP

CrossAmerica Partners

Delek Logistics Partners

Clough Global Opportunities Fund

Western Asset High Income Fund

Invesco Mortgage Capital

NextEra Energy

Starwood Property

In 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.

Want $1,200 in Annual Passive Income? Invest $1,200 in Each Of These 9 Stocks

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 $0.034 September 13, 2024 September 13, 2024 September 26, 2024 NCV $0.034 October 11, 2024 October 11, 2024 October 30, 2024 NCV $0.034 November 12, 2024 November 12, 2024 Nov.

Two Virtus Closed-End Funds Announce Two Monthly Distributions: NCV, NCZ

Virtus AllianzGI Diversified Income & Convertible Fund

Virtus Artificial Intelligence & Technology Opportunities Fund

Virtus AllianzGI Convertible & Income 2024 Target Term Fund

Virtus Dividend Interest & Premium Strategy Fund

Virtus AllianzGI Equity & Convertible Income Fund

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH), Virtus Convertible & Income Fund (NYSE: NCV), Virtus Convertible & Income Fund II (NYSE: NCZ), Virtus Diversified Income & Convertible Fund (NYSE: ACV), Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ), Virtus Equity & Convertible Income Fund (NYSE: NIE), Virtus Global Multi-Sector In.

Virtus Closed-End Funds Announce Results of Joint Annual Meeting of Shareholders

Virtus Convertible & Income Fund offers a high yield of 12.83%, which is attractive compared to other funds in the market. However, the fund has a history of underperforming its peers and has experienced a decline in its share price. The fund's distribution has steadily declined over the years, and it has failed to cover its distribution for the past two years.

NCV: Continued NAV Destruction Plagues This Fund In The New Fiscal Year

Eagle Bancorp

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Kimbell Royalty Partners

Sinclair Inc

The Bureau of Labor Statistics reported in early April 2024 that the Consumer Price Index rose 3.5%. This means inflation has now exceeded the Federal Reserve's 2% inflation target for 37 consecutive months.

How To Generate $10,000 In Passive Income This Year

Advent Convertible and Income Fund

Let's talk about convertibles for a second—but not the car with a removable top that everyone thinks of when they hear that word: I'm talking about convertible bonds.

These ‘Chameleon' 9%+ Dividends Will Be The Income Play Of The Decade

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) 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 March 8, 2024 March 11, 2024 March 28, 2024 NCV $0.034 April 10, 2024 April 11, 2024 April 29, 2024 NCV $0.034 May 10, 2024 May 13, 2024 May 30, 2024 NCV $0.034 June 13, 2024.

Two Virtus Closed-End Funds Announce Four Monthly Distributions: NCV, NCZ

The Virtus Convertible & Income Fund offers a high level of income with a 12.75% current yield, significantly higher than most other closed-end funds. The fund's performance has been disappointing, underperforming comparable indices and delivering negative returns over the past five years. The fund's distribution history is concerning, with multiple distribution cuts and declining net asset value, suggesting an unsustainable situation.

NCV: The Best Option Is To Get Out Of This Underperforming Fund Today

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV), Virtus Convertible & Income Fund II (NYSE: NCZ), and Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH) 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 December 8, 2023 December 11, 2023 January 2, 2024 NCV $0.034 January 11, 2024 January 12, 2024 January 30,.

Certain Virtus Closed-End Funds Announce Three Monthly Distributions: NCV, NCZ, CBH

Virtus Convertible & Income Fund offers a high level of current income with a yield of 13.97%. The NCV closed-end fund heavily invests in convertible securities, providing income potential and upside potential of common equity. The fund has experienced disappointing performance, with a significant decline in share price and failure to cover distributions in recent years.

NCV: Troubled History But Novel Concept

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ), closed-end funds, today announced the issuance of mandatory redeemable preferred (“MRP”) shares. NCV issued shares in two series: Series # of Shares Total Offering Maturity Date A 2,040,000 $51 million May 26, 2028 B 600,000 $15 million May 26, 2030 NCZ issued: Series # of Shares Total Offering Maturity Date A 880,000 $22 million May 26, 2028 The shares of.

Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II Announce Private Placement of Mandatory Redeemable Preferred Shares

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV), Virtus Convertible & Income Fund II (NYSE: NCZ), and Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH) announced the following distributions on their respective common shares.

Certain Virtus Closed-End Funds Announce Two Monthly Distributions: NCV, NCZ, CBH

Virtus Convertible & Income Fund is a closed-end fund focused on domestic convertible securities and high-yield bonds. The fund has a 22% leverage ratio, mainly obtained through an outstanding series of preferred shares.

NCV: The Preferred Shares Look More Attractive Than The Common

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO), Virtus Convertible & Income 2024 Target Term Fund (NYSE: CBH), Virtus Convertible & Income Fund (NYSE: NCV), Virtus Convertible & Income Fund II (NYSE: NCZ), Virtus Diversified Income & Convertible Fund (NYSE: ACV), Virtus Dividend, Interest & Premium Strategy Fund (NYSE: NFJ), Virtus Equity & Convertible Income Fund (NYSE: NIE), and Virtus Stone Harbor Emerging Markets Total Income Fund (NYSE: EDI) have announced that they will hold a virtual joint meeting of shareholders on May 22, 2023 at 1 p.m. EDT.

Certain Virtus Closed-End Funds Announce Date of Shareholder Meetings

BlackRock Science and Technology Trust II

Herzfeld Caribbean Basin Fund Inc

Duff & Phelps Global Utility Income Fund Inc

Ellsworth Growth and Income Fund

Stone Harbor Emerging Markets Total Income Fund

Eagle Point Income Company Inc

Eaton Vance National Municipal Opportunities Trust

Gabelli Equity Trust

Gabelli Convertible and Income Securities Fund

Gabelli Multimedia Trust

Gabelli Utility Trust

Aberdeen Australia Equity Fund Inc

CBRE Global Real Estate Income Fund

Oxford Lane Capital

Pimco Municipal Income Fund

Cushing MLP & Infrastructure Total Return Fund

Franklin Templeton Emerging Markets Income Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

YieldShares High Income ETF

Three out of 22 CEF sectors positive on price and 5 out of 22 sectors positive on NAV last week. Delaware/Abrdn mergers are closed.

Weekly Closed-End Fund Roundup: March 12, 2023

Western Asset Mortgage Opportunity Fund

John Hancock Investors Trust

John Hancock Income Securities Trust

Western Asset Diversified Income Fund

We review CEF market valuation and performance through the second week of March and highlight recent market action. CEFs mostly struggled, outside of the higher-quality sectors as two bank failures spooked markets.

CEF Weekly Review: More Of The Same On The Distribution Front

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) announced that each fund will adjust the monthly distribution of its respective common shares effective with the April distribution payable May 1, 2023: Virtus Convertible & Income Fund: Ticker Current Distribution Amount New Distribution Amount Ex-Date Record Date Payable Date NCV $0.0425 $0.034 April 12, 2023 April 13, 2023 May 1, 2023 NCV $0.0425 $0.

Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II Announce Adjustments to Monthly Distributions

NCV and NCZ have seen their discounts narrow from the wide discount we saw several months ago. NCZ presents a potentially better opportunity with a larger discount compared to NCV.

NCV And NCZ: Discounts Narrow For Both, But One Looking More Appealing

HARTFORD, Conn. , Jan. 27, 2023 /PRNewswire/ -- Seven Virtus closed-end funds that are subadvised by Voya Investment Management (Voya IM) announced that Ethan Turner has been appointed as a portfolio manager, effective today.

Certain Virtus Closed-End Funds Name Ethan Turner as Portfolio Manager

HARTFORD, Conn., Jan. 4, 2023 /PRNewswire/ -- Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) (each, a "Fund" and, together, the "Funds"), today announced that each Fund will redeem, at liquidation preference plus any accumulated but unpaid dividends, its remaining auction rate preferred shares ("ARPS") beginning on January 23, 2023 and concluding on January 27, 2023.

Virtus Convertible & Income Fund, Virtus Convertible & Income Fund II Announce Redemption of Remaining Auction Rate Preferred Shares

HARTFORD, Conn. , Dec. 1, 2022 /PRNewswire/ -- Virtus Convertible & Income Fund (NYSE: NCV), announced today that it has declared a $0.3515625 per share cash distribution payable on December 30, 2022 to Series A cumulative preferred shareholders of record on December 12, 2022.

News for Virtus AllianzGI Convertible & Income Fund ETF (NCV)