Virtus AllianzGI Convertible & Income Fund II

Virtus AllianzGI Convertible & Income Fund II operates as a closed-end fund, which seeks to provide total return through a combination of capital appreciation and high current income. It invests in a diversified portfolio of domestic convertible securities and non-convertible high-yield bonds rated below investment grade. The company was founded on April 22, 2003 and is headquartered in New York, NY.

Virtus AllianzGI Convertible & Income Fund II operates as a closed-end fund, which seeks to provide total return through a combination of capital appreciation and high current income. It invests in a diversified portfolio of domestic convertible securities and non-convertible high-yield bonds rated below investment grade. The company was founded on April 22, 2003 and is headquartered in Greenfield, MA.

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 29, 2023 to Series A cumulative preferred shareholders of record on September 11, 2023. 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.

Virtus Convertible & Income Fund II Announces Quarterly Distribution: 5.500% Series A Cumulative Preferred Shares

Virtus AllianzGI Convertible & Income 2024 Target Term Fund

Virtus AllianzGI Convertible & Income Fund

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 September 8, 2023 September 11, 2023 October 2, 2023 NCV $0.034 October 11, 2023 October 12, 2023 November.

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

Virtus Convertible & Income Fund II is a convertibles CEF. The closed-end fund has restructured its capital structure, retiring auction rate preferred securities for term preferred stock. The preferred shares offer an attractive 6.5% yield, making them a better investment option than the common shares.

NCZ: Capital Structure Shuffle, We Favor The Preferred Shares

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

AGNC Investment

Hercules Capital

Main Street Capital

New York Community Bancorp

Ready Capital Corp

Reinsurance Group of America

A brief review of some of the positions we like at the moment. Yields ranging from 5% to 10+% in relation to embedded risks.

8 Income Picks For Any Taste With Yields From 5 To 10+%

Virtus AllianzGI Diversified Income & Convertible Fund

Virtus Artificial Intelligence & Technology Opportunities 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), 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

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

Leverage restrictions make any CEF preferred stock relatively safe from a credit perspective. Comparison to bank preferreds through the years.

NCZ.PA: This 6.3% A-Rated Preferred Stock Suffers From Market Discrimination

HARTFORD, Conn. , Dec. 1, 2022 /PRNewswire/ -- Virtus Convertible & Income Fund II (NYSE: NCZ), announced today that it has declared a $0.34375 per share cash distribution payable on December 30, 2022 to Series A cumulative preferred shareholders of record on December 12, 2022.

VIRTUS CONVERTIBLE & INCOME FUND II ANNOUNCES QUARTERLY DISTRIBUTION: 5.500% SERIES A CUMULATIVE PREFERRED SHARES

Invesco High Income 2023 Target Term Fund

We review CEF market valuation and performance through the second week of November and highlight recent market action. CEFs had a strong week with all sectors finishing in the green on the back of a downside inflation surprise.

CEF Weekly Review: Can We Expect CEF Prices To Come Back?

Aberdeen Income Credit Strategies Fund

Alpine Global Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

Blackrock Health Sciences Trust

Cornerstone Strategic Value Fund Inc

Cornerstone Total Return Fund Inc

Delaware Investments Dividend and Income Fund

Delaware Enhanced Global Dividend & Income Fund

Eaton Vance Enhanced Equity Income Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

First Trust / Aberdeen Emerging Opportunity Fund

Eagle Capital Growth Fund Inc

Gabelli Utility Trust

John Hancock Preferred Income Fund II

John Hancock Preferred Income Fund

New American High Income Fund

BlackRock Corporate High Yield Fund

Ivy High Income Opportunities Fund

Nuveen Core Equity Alpha Fund

Macquarie Global Infrastructure Total Return Fund Inc

Tortoise Energy Independence Fund, Inc.

Nuveen Missouri Quality Municipal Income Fund

Tortoise MLP Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Oxford Lane Capital

PCM Fund

Pimco California Municipal Income Fund

Pimco Municipal Income Fund II

Pimco California Municipal Income Fund III

RiverNorth Opportunities Fund, Inc.

Tortoise Power and Energy Infrastructure Fund

Tortoise Pipeline & Energy Fund

Tortoise Energy Infrastructure

Virtus Total Return Fund

12 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Tortoise offer tender results.

Weekly Closed-End Fund Roundup: Tortoise Tender Results, NCZ Resumes Distributions (November 6, 2022)

NCZ has suspended, and resumed, distributions. Both NCV and NCZ have deleveraged by redeeming their ARPS.

NCZ: Distribution Suspension And Resumption Creates Swap Opportunity With NCV

NCZ declares October distribution; starts process to pay  previously declared common share distribution HARTFORD, Conn. , Nov. 3, 2022 /PRNewswire/ -- Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) (each, a "Fund" and, together, the "Funds"), today announced final results for each Fund's voluntary tender offer (each, a "Tender Offer" and, together, the "Tender Offers") for up to 100% of its outstanding auction rate preferred shares ("ARPS").

Virtus Convertible & Income Fund, Virtus Convertible & Income Fund II Announce Final Results of ARPS Tender Offers

BlackRock Taxable Municipal Bond Trust

Central and Eastern Europe Fund

Doubleline Opportunistic Credit Fund

Stone Harbor Emerging Markets Total Income Fund

European Equity Fund

Eagle Point Income Company Inc

Eaton Vance Short Duration Diversified Income Fund

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Gabelli Convertible and Income Securities Fund

Gabelli Multimedia Trust

Gabelli Global Utility & Income Trust

John Hancock Hedged Equity & Income Fund

New Ireland Fund Inc

Madison Fund

Putnam Municipal Opportunities Trust

Cohen And Steers Total Return Realty Fund

Templeton Emerging Markets Income Fund

16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises.

Weekly Closed-End Fund Roundup: Tortoise Tender Offers Expiring (October 23, 2022)

John Hancock Financial Opportunities Fund

Stone Harbor Emerging Markets Income Fund

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Gabelli Equity Trust

Nuveen Arizona Quality Municipal Income Fund

Nuveen Municipal Credit Opportunities Fund

Putnam High Income Securities Fund

Columbia Seligman Premium Technology Growth Func Inc

Delaware Investments

0 out of 23 CEF sectors are positive on price and 0 out of 23 sectors are positive on NAV over the last week. BlackRock CEFs are repurchasing their shares.

Weekly Closed-End Fund Roundup: BlackRock CEFs Repurchasing Shares (October 16, 2022)

AllianceBernstein Global High Income Fund Inc

Angel Oak Financial Strategies Income Term Trust

SPDR Bloomberg High Yield Bond ETF

We review CEF market valuation and performance through the first week of October and highlight recent market action. The CEF space was up on the week, led by higher-beta sectors.

CEF Weekly Review: Be Careful When Evaluating Long-Term Performance

HARTFORD, Conn. , Oct. 12, 2022 /PRNewswire/ -- Virtus Convertible & Income Fund II (NYSE: NCZ), a closed-end fund, today announced that it has postponed the record and ex-dividend dates for payment of its monthly distribution of $0.0375 per common share that was scheduled to be paid on November 1, 2022 to shareholders of record on October 13, 2022.

Virtus Convertible & Income Fund II Postpones Record and Ex-Dividend Dates for Monthly Distribution on Common Shares

NCZ postpones its distribution (again). This was due to it falling below minimum asset coverage requirements.

NCZ Postpones Its Distribution (Again)

HARTFORD, Conn. , Oct. 3, 2022 /PRNewswire/ -- Virtus Convertible & Income Fund II (NYSE: NCZ), a closed-end fund, today announced that it has postponed payment of its monthly distribution of $0.0375 per common share that was scheduled to be paid on October 3, 2022 to shareholders of record as of September 12, 2022, and has postponed declaration of its monthly distribution of $0.0375 per common share that was scheduled to be declared on October 3, 2022 for payment on November 1, 2022.

Virtus Convertible & Income Fund II Postpones Monthly Distribution on Common Shares

Advent Convertible and Income Fund

Eagle Point Credit

Eaton Vance Limited Duration Income Fund

PIMCO Income Strategy Fund II

Virtus Global Multi-Sector Income Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

Using strategies that incorporate high-yield bonds or collateralized loan obligations, some funds have outpaced inflation. They're worth a look.

10 Funds That Beat Inflation and Offer Steady Monthly Income, With Some Risk

News for Virtus AllianzGI Convertible & Income Fund II ETF (NCZ)